Annual Report Jan 2011 - Tchefuncta Club Estates

Tchefuncta Club Estates
Annual Report
November 1, 2009 - October 31, 2010
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Letter from the President
Dean Lacy
As men'oned in my June 2010 Shareholder Update, the TCE Board iden'fied three primary goals for 2010, in addi'on to the numerous individual goals and objec'ves set forth by each Board member.
The three specific TCE goals for 2010 were:
Develop an aggressive debt reduc'on plan to address the approximately $6.275 million in overall debt as of January 1, 2010.
Reinstate the TCE Long Range Planning CommiQee to develop an overall TCE Master Site Plan. The Master Plan will iden'fy future site development opportuni'es and can be used as a living document for future Boards and Shareholder input.
Establish an overall TCE Infrastructure Master Plan with a deliverable of iden'fying the condi'on and es'mated cost to repair/replace the significant assets of TCE -­‐ such as sewer, drainage, water wells, liV sta'ons, roads, entrance monuments, etc...
Over the course of yet another year of somewhat lethargic economic growth, TCE was able to decrease overall debt by approximately $750,000 and currently stands at $5.530 million. In addi'on, during the course of 2010, two custom home builders, Mr. Wayne Miller and Mr. Ron Lee have invested their energies, 'me, money and core belief in our neighborhood and have completed a model home within TCE Phase 2.
For purposes of the TCE Long Range Planning, ini'al mee'ngs were held to iden'fy possible land based assets of TCE which may be poten'al future development opportuni'es. Subsequent commiQee discussions have taken place with the intent to list future poten'al new ameni'es and develop preliminary costs (and income streams where applicable) of both the development op'ons and new ameni'es.
The TCE Infrastructure CommiQee contracted with an outside firm to assist them in providing updated informa'on as to the condi'on and es'mated cost to repair the various TCE assets. A final report will be made available to the CommiQee prior to the January 2011 Shareholder mee'ng with the findings. The CommiQee will be seeking/contac'ng addi'onal commiQee members in an effort to assist them in determining a more accurate 'meframe and cost to complete those projects iden'fied as in need of immediate (0-­‐24 months) aQen'on and repair/replacement.
I would like to thank Jamie, Sydney, Stanley and Mike for everything they do on a day to day basis for all the residents and board members. They not only aQend to any and all emergencies as they arise over the course of the year, but they have to answer to ten different bosses and approximately 400 residents -­‐ a monumental task at best!!! Thanks also to Larry Bucksbarg and James Harp, as Ex-­‐ Officio Board members, for their 'reless work assis'ng with day to day maintenance and finance issues for both the Estates and the Board. They have both agreed to spend yet another year providing their services!
And finally, a most heardelt thanks to each and every Board member who has invested more 'me and effort than a person has a right to ask of him. For those of you who have volunteered their services in the past, I personally thank you, and for those who have yet to serve -­‐ do so in the future, as there is one and only one Tchefuncta Club Estates!!!
It has been an honor and privilege to represent every shareholder and resident, as President of Tchefuncta Club Estates.
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Vice-President Report
Charles Barnett
My role as the Vice-­‐President this past year was mainly to focus on lot sales and development of the T2 Phase of Tchefuncta. Even in this depressed economy we were able to sell several lots and completed two homes and currently have six under construc'on. We have five addi'onal sales coming up in the first ninety days of 2011, and I an'cipate another six to eight homes being started during the upcoming year. Addi'onally, I have been involved in the coordina'on of the re-­‐rou'ng of water shed from Natchez Trace Phase II onto the T2 project. I, and other Board members have worked with the developer of Natchez Trace and as you may see, we are in the process of diver'ng approximately 27 acres of water shed across Pinecrest just in front of the guard gate. This will eliminate the 27 acres of drainage onto and through the T2 Subdivision which has caused considerable problems over the last two years. By diver'ng this water, we should be able to dry out the lots on the western side and also eliminate the water flow through T2. As soon as we are able to begin diver'ng the water, we will ini'ate the cleaning of the various ditches we have had to accommodate for a tremendous amount of water we did not originally engineer or plan for.
As the Vice-­‐President, I have also assisted Dean Lacy in various projects throughout the year and have worked in conjunc'on with other Board members to lend a hand when needed. We, as a Board, have worked exhaus'vely to protect property values and the “Tchefuncta way of life.”
We have done so in very difficult economic 'mes and certainly hope and feel that the upcoming year will allow us to sell more lots and bring down our debt. I have been on the Board for ten years and consider it an honor to work with the other Board members in service of our great community.
Legal Report
Greg A. Pellegrini
Your Board con'nues to toil away at a myriad of issues that face your neighborhood. I am con'nuously amazed by the knowledge and dedica'on of my fellow Board members who are forever engaging in spirited but cordial debates as I du'fully record the minutes of our monthly mee'ngs. AQendance is always high and obtaining a quorum is never an issue. Apathy is not a problem on this Board! Despite the less than robust economy, real estate transac'ons in TCE have remained steady and the closings have kept us busy. Several of these closings involved T2 lot sales which is encouraging. For the most part, these transac'ons have gone smoothly although we do on occasion face challenges with closing aQorneys/'tle companies who do not understand the idiosyncrasies of closing a deal in Tchefuncta. The vigilance of your Board and its staff is commendable if not always popular with the real estate legal community. If you are involved in a real estate transac'on involving property located within TCE, please contact us as early as possible to insure adequate no'ce and allow sufficient 'me for TCE to prepare the required paperwork.
The legal issues facing TCE have become more complicated and have required assistance at 'mes from outside experts. The issues are very diverse and oVen require a tremendous amount of historical research in an aQempt to discover why certain rules were put in place and whether they are applicable or even enforceable in today’s legal environment. Over the past year, the Board has been involved in legal inquiries involving chlorina'on of our water system, property transfers, neighbor v. neighbor drainage issues, ownership of roads, enforceability of covenants, by-­‐laws and neighborhood rules, drainage servitudes and rental property. TCE is involved in one pending lawsuit. The lawsuit in ques'on involves a suit brought by a resident against TCE claiming damages arising from flooding and sewer backup. The defense of TCE is being handled by aQorneys retained by our insurer. Chink Ogden and I have been involved in monitoring the progress of the li'ga'on and are sa'sfied with our posi'on.
Thank you for allowing me to serve on the Board. It is both an honor and a privilege.
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Treasury Report
Chavgney G. Pierce
During 2010, the Estates experienced a variety of financial ac'vi'es which included the con'nued success of our T2 development and improvement of our infrastructure. With the variety and ambi'ous financial ac'vi'es, the Estates fell just short of its financial goal for 2010 with a net opera'ng loss of $348,568 compared to the budgeted opera'ng loss of $298,600. The Estates was unable to achieve its budget due mainly to a book tax deprecia'on adjustment of $157,154. Excluding this adjustment the net opera'ng loss was $191,414, which was less than our budgeted loss by approximately $107,000. The major financial highlights for 2010 are as follows:
•
•
•
•
•
•
Sold 4 garden home lots in T2 and 2 estate lots in TCE during 2010, resul'ng in approximately $1,166,500 of revenue from lots sales.
Salaries and employee benefits increased approximately $22,000.
General & Administra've expenses were lower due primarily to approximately $20,000 of contract labor being re-­‐classed to salaries. The cash in bank increased approximately $141,076 to a total of approximately $409,285 as of October 31, 2010, of which approximately $300,000 represents our capital fund.
Our Outstanding T2/TCC renaissance loan balance at Resource decreased approximately $750,000 to approximately $5.5 million as of October 31, 2010.
Income Taxes are currently projected to be $99,475.
Excluding major capital projects, we are budge'ng a net opera'ng loss of $243,700 for 2011. From opera'ons, we are projec'ng a net increase in cash in bank of approximately $76,300 primarily due to the add-­‐back of $350,000 of non-­‐cash deprecia'on expense. We are also projec'ng a capital spending budget of approximately $520,000, including adding a turning lane, repaving Pinecrest from Hwy 21 to Hummingbird, and the replacement of certain culverts, sewer lines and pipes. In order to fund the capital projects in 2011 and beyond as discussed in our infrastructure master plan, we will need to establish a capital reserve fund. If a capital reserve fund is not established, most if not all capital projects will be deferred indefinitely.
I have prepared the accompanying balance sheets, related statements of income and retained earnings and cash flow statements of Tchefuncta Club Estates, Inc. for the fiscal years ending 2009 and 2010 in my capacity as the Treasurer of Tchefuncta Club Estates, Inc. I have not prepared the statements in my capacity as a CPA in the prac'ce of public accoun'ng.
TCHEFUNCTA CLUB ESTATES, INC. AND SUBSIDIARY
STATEMENTS OF INCOME AND RETAINED EARNINGS
For Fiscal Years Ended October 31,
2010 Actual
2010 Budget
2011 Budget
OPERATING REVENUES
Common Services - Mthly
Maintenance-Annual
Marina Rentals
Total Operating Income
$
820,800
85,500
85,000
$
789,848
86,291
88,595
$
702,720
71,680
82,000
$
695,178
71,779
82,638
$
991,300
$
964,734
$
856,400
$
849,595
OPERATING EXPENSES
Salaries
Employee Benefits
Depreciation
Security Services
Garbage Collection
Insurance
General & Admin. Expenses
Other Operating
Maintenance Materials & Repair
140,000
44,000
350,000
185,000
114,000
55,000
120,000
42,000
185,000
Total Operating Expense
$
NET OPERATING INCOME
$
OTHER INCOME/(EXPENSES)
Lot Sales
Cost of Lots Held for Sale
Building Fees
Professional Fees T2
Gas System
Interest Income & Late Payment Fees
Gain/(Loss) on Sale of Fixed Assets
Miscellaneous Income/(Expenses)
Interest Expense
Charitable Contributions
Property Tax
Total Other Income/(Expenses)
Net Income/(Loss) before Taxes
(243,700)
$
$
1,313,302
120,000
42,000
350,000
185,000
114,000
52,000
75,000
42,000
175,000
$
(348,568) $
1,166,500
(233,499)
8,835
1,787
9,164
(325,825)
(23,204)
1,155,000
(298,600)
118,719
42,037
2,426,804
176,336
104,870
43,877
80,769
36,446
169,986
$
3,199,844
$
(2,350,249)
1,920,000
(518,400)
(5,000)
(330,000)
(25,000)
1,087,858
(172,927)
(1,866)
2,550
1,681
2,431
(336,418)
(882)
$
1,041,600
$
603,758
$
1,041,600
$
$
797,900
$
255,190
$
743,000
$
295,000
$
RETAINED EARNINGS - BEGINNING OF YEAR
RETAINED EARNINGS - END OF YEAR
1,235,000
140,004
43,603
507,154
183,636
109,113
53,618
56,112
33,243
186,819
1,920,000
(518,400)
(5,000)
(330,000)
(25,000)
Current Year Provision for Income Taxes
Prior Year Provision for Income Taxes (reversed)
Actual Income Taxes
NET INCOME/(LOSS)
2009 Actual
502,900
99,475
$
1,971,559
$
2,474,459
2
155,715
260,000
$
483,000
1,971,559
(1,767,822)
200,000
(200,000)
1,105,961
$
1,815,844
$
582,427
(2,873,783)
4,689,627
$
1,815,844
TCHEFUNCTA CLUB ESTATES, INC. and Subsidiary
COMBINED BALANCE SHEETS
For Fiscal Years Ended October 31,
2010
2009
Inc/(Dec)
ASSETS
CURRENT
Cash
Cash-TCE Properties
Accounts Receivable
Due From Builders
Prepaid Federal Income Taxes
Prepaid State Income Taxes
Prepaid Insurance
387,390
21,895
250
65,000
60,560
9,004
30,411
246,064
22,145
8,069
247,315
46,724
28,143
141,326
(250)
(7,819)
65,000
(186,755)
(37,720)
2,268
574,510
598,460
(23,950)
NET PROPERTY AND EQUIPMENT - COST
2,208,895
2,534,820
(325,925)
OTHER ASSETS
Land Held for Resale
Land - Oxbow Lake & other undeveloped land
Land - Golf Course
Deposits
4,325,941
883,612
694,397
2,134
4,533,462
883,612
694,397
1,682
(207,521)
452
5,906,084
6,113,153
(207,069)
8,689,489
9,246,433
(556,944)
78,338
1,859,777
-
52,232
2,096,724
1,107
26,106
(236,947)
(1,107)
1,938,115
2,150,063
(211,948)
3,665,893
4,178,143
(512,250)
42,401
265,244
25,127
5,250
-
22,331
275,100
28,802
250
-
20,070
(9,856)
(3,675)
5,000
-
338,022
326,483
11,539
149,700
636,930
(10,730)
1,971,559
149,700
636,930
(10,730)
1,815,844
155,715
2,747,459
2,591,744
155,715
8,689,489
9,246,433
(556,944)
Total Current Assets
Total Other Assets
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts Payable & Accrued Expenses
Revolving Line of Credit
Income Tax Payable
Payroll and other Payable
Total Current Liabilities
LONG TERM DEBT
DEFERRED REVENUE AND DEPOSITS
Road Damage
Slip Rental
Rebuild the Barn Fund
T2 Lot Deposits
Other
Total Deferred Revenue and Deposits
STOCKHOLDERS' EQUITY
Common Stock
Additional Paid-In Capital
Less: Treasury Stock
Retained Earnings
Total Stockholders' Equity
1
TCHEFUNCTA CLUB ESTATES, INC.
STATEMENTS OF CASH FLOWS
For the Fiscal Years Ended
October 31,
2010
2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income(Loss)
Adjustments to Reconcile Net Income(Loss) to Net
Cash(Used In) Provided by Operating Activities:
Depreciation
Tax / Prior Period Adjustment
(Increase) Decrease in Due from TCE
(Increase) Decrease in Current Assets
Increase (Decrease) in Current Liabilities
Net Cash Provided By Operating Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property and Equipment
Slaughter Property-Development Costs
TCC Renaissance
Golf Course Development
Increase (Decrease) in Deposits
Net Cash (Used In) Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Issue of Additional Common Stock
Increase/(Decrease) in Resource LOC
Increase/(Decrease) in Resource Construction Loan
Net Cash Provided By Financing Activities
155,715
(2,873,783)
(198,026)
176,046
20,066
2,426,804
142
(288,781)
(55,847)
153,801
(791,465)
523,951
207,521
5,000
(20,000)
(97,801)
(300,000)
(47,624)
(19,750)
736,472
(485,175)
(236,947)
(512,250)
1,757,837
(458,358)
(749,197)
1,299,479
NET INCREASE (DECREASE) IN CASH
141,076
22,839
CASH - BEGINNING OF PERIOD
268,209
245,370
CASH - END OF PERIOD
409,285
268,209
3
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Public Works Report
Brian Pellissier
The installa'on and implementa'on of the chlorine system has been completed by FTM & Associates of Madisonville on our two water wells as mandated by the State Department of Health and Hospitals. We are s'll in the process of adjus'ng the level of chlorine gas that is introduced into the system on a daily basis, so un'l we have fined tuned it to the level of sa'sfac'on required by the State you may no'ce that on some days the odor may be stronger than others. By the 'me this report is published we should have the chlorine adjustments complete. As reported in previous annual reports, it is s'll our goal to install backup generators on the water well and liV sta'ons. The only issue seems to be funding, which the Board is diligently working on. I would also like to thank Larry Bucksbarg for his 'reless efforts in assis'ng with day to day maintenance opera'ons working with Sydney and his crew to keep the Estates running smoothly and efficiently. Just a reminder to residents: If your open drainage ditches have been replaced with closed culverts, it is your responsibility to maintain them, not the Estates. Please be sure to have them cleaned out on a regular basis so as to not impede the flow of water during heavy downpours. TCE will be conduc'ng an estate wide visual inspec'on to formally document all culverts, over the course of first quarter 2011, to iden'fy those which are in need of replacement. Please note that prior to replacement of culverts, wriQen TCE approval of design is required by lot owners. Your coopera'on with this request is greatly appreciated. Security Report
S. Gordon Reese III
Despite a rapidly changing Parish outside the gates of Tchefuncta, our community s'll remains safe place to live and play. 2010 did have its challenges. Early in the year a home was leV open and was robbed and that same night a car with its keys leV in the igni'on was taken for a joy ride (later recovered) and a home that was locked, was broken into. AVer an extensive inves'ga'on by Detec'ves from the Sheriffs Department and countless hours reviewing camera footage, it was determined that the perpetrator was someone who lived in Tchefuncta or someone who was visi'ng Tchefuncta. The remainder of the year was calm un'l last week when a con man who was posing as a college student selling magazines, took advantage of the kindness of a resident. The con man was let into the home to use the bathroom where he stole some medica'on. A short 'me aVerwards the con man was apprehended and arrested. As a result of these incidents new policies were put into place to limit access into TCE. Please remember that these policies are in place to protect our quality of life. Security Policies to Remember:
Guests and Vendors must know the name and address of the resident they are visi'ng. If they do not know the name and address they will not be able to enter. No guests or vendors can enter TCE without a valid state issued picture ID.
No guests can enter TCE aVer 9pm unless they have been put on a call list at the front gate. If the guest is not on the list at the front gate, the guard will call the adult resident to get permission to enter. If the adult resident is not at home, the guest will not be able to enter.
All visitors in a car aVer 7pm must show picture ID.
Secure your home and personal property.
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Outside Development Report
Paul Lee
Good news: the developers of the property located on the southwest corner of Keyes Road/
Christwood Blvd. and Highway 21 have decided to withdraw their request for NC5 zoning. This property is zoned as NC4 and the developers had wanted the more “intense” zoning to accommodate a larger drugstore and/or restaurant with “lounge.” We were able to effec'vely remind Marty Dean (and he agreed) that this property should not have been zoned NC4 in the first place, much less NC5, in light of the surrounding property and the dangers associated with entering/exi'ng Christwood Blvd. (even Parish Planning staff recommended that the applica'on be denied). In the end, all par'es agreed that addi'onal traffic at that intersec'on could not be jus'fied. Other than the work to improve Highway 21, which should be wrapping up in the next few weeks, there is not a lot of new development news on Highway 21. The area behind Target, on the other hand, does con'nue to expand. The developers have extended a road past the theater and connected it to the Brewster Road extension. I believe there will be some substan'al development in this area, including but not limited to, a possible Sam’s, though the developer promised that the property would be used as a “corporate park”. Under the property’s current zoning there is not a limit to the size of a “big box” that can be developed on the property because the property was rezoned HC3 during comprehensive rezoning of the southwest corner of our Parish. Your board and I objected to that zoning classifica'on in person and in wri'ng; however, it was rezoned to the most intense commercial zoning available in light of its proximity to the interstate and the fact that the developers had constructed and par'ally paid for their own “on and off ramp” to I-­‐12.
As you may or may not recall, we have filed suit against the United States Government in order to obtain documents the Corps of Engineers refused to give us. Those documents included the wetlands’ applica'on for the Maurmont Property Development (expansion behind Target) and the wetlands’ applica'on for the River Club Development. The Corps of Engineers said that the applica'ons were “private” and would not be released to Tchefuncta because of the contained proprietary trade secrets. Because this posi'on could not be explained to our sa'sfac'on, we filed a Freedom of Informa'on Act reques'ng a copy of the applica'ons which, by its very nature, should be public applica'ons but the Corps con'nued to refuse to provide the applica'ons. The Board authorized me to sue the U.S. Government via the Freedom of Informa'on Act and get the informa'on via the normal discovery process. At a hearing on January 5, 2011 for the Mo'on to Compel Discovery, the U.S. Government agreed to provide us with the requested informa'on subject to removal of yet to be determined por'ons which they con'nue to believe are privileged. A Judge will review to determine whether or not they are actually privileged or private, but we will get the lions share of the applica'on in the next four weeks. I currently have an addi'onal status conference set with Magistrate Knowles of the Eastern District to con'nue to place pressure upon the Corps of Engineers, through the U. S. AQorney’s office so that we can finally obtain the informa'on in ques'on.
Marina Report
Billy Simpson
All sixty slips in the marina are rented and the demand remains high. There is a strong wai'ng list for space availability. We completed renova'ons on slips 1, 2, & 3. This included the covering of slips 1 & 2 and the covering and addi'on of a liV in slip 3. The marina produces a posi've cash flow for the neighborhood and because of this we are planning to add 3 new covered slips with liVs in early 2011. These slips should be completed by early spring and will be rented immediately. We plan on removing all trailers, etc., from the marina area that have not been registered with the TCE office by the end of January. If you have anything stored at the marina and have not registered it yet, please do so. This will allow us to keep track of all items stored in the marina. The plans are to grade and fill the trailer storage area with limestone. It will enable us to beQer organize the trailers and u'lize the available space more efficiently.
Late in 2010, TCE completed the renova'on of the area next to the maintenance barn to create 21 storage spots available to TCE residents. It will allow anyone with travel trailers, boats, jet skis or other items a place to house them. We have a few spots s'll available for rent. If you are interested in a storage spot please contact Jamie at the TCE office or myself.
The marina and storage area are just two of the many ameni'es that make our neighborhood unique.
I welcome any ques'ons or sugges'ons regarding the marina or storage area.
Long Range Planning
Richard Thomas
As stockholders and residents, we share an ownership interest in the 1100 acres of land comprising Tchefuncta Club Estates. The best long range plan may be to keep our assets, our neighborhood, as “green” as possible and con'nue to enjoy this unique paradise. However, it is our responsibility to take a clear look at what we own and establish what poten'al revenue our assets could generate if needs arise. There also might be certain neighborhood ameni'es that are not currently available that resident stockholders desire. In this spirit, the Long Range Planning CommiQee (TCE-­‐LRPC) was established last year to analyze the many poten'al land development opportuni'es that may exist within the boundaries of the Estates. The commiQee consists of eight members, all past Presidents of TCE, who have shown previous commitment to donate their 'me and energy to help manage our future. The age, background, and experience of the members are diverse and are well suited to represent the interest of our residents. Our goal and our mission, remain consistent with the Mission Statement of TCE, which is to improve property values and maintain our quality of life, at a reasonable cost to all residents.
The group had two mee'ngs in 2010 and is planning to start regular quarterly mee'ngs in 2011. Understanding the exis'ng TCE assets from a stand-­‐point of improvements, equipment, useful life, and replacement cost are basic to beginning any long range plan. This study was completed in 2010 by the Board of Directors of TCE. With this founda'on, the TCE-­‐LRPC can start to study and rank poten'al improvements that future TCE Boards may consider pursuing. Hopefully, by year’s end, the TCE-­‐LRPC should have a solid plan in place.
Tchefuncta History
Tchefuncta Club Estates was established in 1956 by a group of professional men and women originally seeking a place for weekend homes and campsites. Pooling together their funds they purchased a tract of land on the Tchefuncte River known as "Emfred", belonging to the Suter family from Bogalusa. There was such enthusiasm for developing the land as full-­‐'me home sites that the weekend concept was set aside and Tchefuncta Club Estates was born. The original 246 homeowners drew names from a hat to select their home sites and volunteer commiQees began work on different aspects of the community, including the country club, golf course, nature trails, marina and public places. Neighbors working together to improve and maintain their community became a hallmark of Tchefuncta Club Estates. Streets were named for birds, trees and flowers. By 1959 the streets were complete and water, sewerage and the very first underground power lines in the state were in place. Tchefuncta Country Club opened in 1961 on land leased to them by the Estates. In 1969 the course expanded from nine to the current 18 holes. Tchefuncta Country Club is the only private member-­‐owned club in the area and now has between 550 and 600 members.
Over a half century ago an idea took shape. The dream was not about profit or progress, but 900 acres of preserva'on and pride. Friends became neighbors when they banded together and purchased this virgin land along the river. Then, as today, each property owner is a stockholder in the community – molding the future, preserving the past. The dream endures and flourishes as Tchefuncta Club Estates, a unique private enclave defined by those who call it home.
Property Sales
Fiscal Year Ending
2010
2009
2008
2007
2006
2005
2004
Number of Lot Sales
Total Dollar Amount
Average Lot Price
Highest Lot Price
Lowest Lot Price
8
$1,699,000
$212,375
$330,000
$155,000
8
$1,333,000
$166,625
$208,000
$85,000
40
$8,098,000.00
$202,450.00
$305,000.00
$130,000.00
6
$2,102,500.00
$350,417.00
$987,500.00
$200,000.00
5
$1,111,000
$222,200
$252,000
$175,000
5
$1,035,000
$207,000
$240,000
$160,000
10
$1,985,000
$198,500
$225,000
$160,000
Number of Home Sales
Total Dollar Amount
Average Home Price
Highest Home Price
Lowest Home Price
21
$9,075,500
$432,167
$1,500,000
$200,000
22
$11,779,500
$535,432
$1,057,500
$200,000
12
$5,640,000.01
$512,727.27
$1,235,000.00
$200,000.00
23
$13,486,250.00
$586,359.00
$1,250,000.00
$283,000.00
31
$12,075,900
$389,545
$800,000
$150,000
16
$5,884,000
$367,750
$575,000
$190,000
25
$9,539,250
$381,570
$850,000
$180,000
$10,774,500
$13,112,500
$13,738,000.01
$15,588,750.00
$13,186,900
$6,919,000
$11,524,250
Total Sales
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Mission Statement
The Estates Board will execute its responsibili'es in a way that enhances the residents' property values and quality of life. In that regard, all board decisions shall be "mission driven" and jus'fied on the basis of how they enhance residents' property values and quality of life.
Tchefuncta Club Estates
2 Pinecrest Drive
Covington, LA 70433
Office Hours 8am-2pm
Monday, Wednesday, Friday
Phone: 985-892-4739