La Paloma Park

Location:

9200 S. Military TrailBoynton BeachFlorida33436United States View Map

Revenue:

$2.4 Million

Employees:

12

Phone:

(561) 732-1306

Fax:

(561) 736-7945
More

Description:

La Paloma was founded in 1985 by a California Company. The Spanish influence is noticeable which definitely marked the founders, as much in the style of the Club House as in the choice of the name given to the community; the Spanish name La Paloma means The Dove in English. Financial difficulties plagued these promoters, and the project was abandoned for a period of five years. There were only about ten homes in the park at that time. It is around the year 1990 that a group of Quebecers took over, with a lot of enthusiasm, this project, with the result that four years later, La Paloma had more than 200 homes, occupied for the most part by Quebecers. In 1993, a wakeup call: the promoters announced that the park will be sold to an American company for a "price of more than 7 million dollars". Everyone is very concerned, what will become of the monthly rent prices? How will the new owners manage the park? All these questions raised the level of anxiety among the homeowners, tension was high. At the time, a group of six or seven homeowners were toying with the idea of acquiring the park with the quality of services and reasonable rent prices in mind. They began working with as many homeowners as possible to try and convince them that this project was feasible. With the support of about one hundred homeowners, they find themselves in a legal battle that many foresee to end in failure. Against all odds, the court is favorable to them, but the battle is not over yet. They must now find the financing, predict correctly the financial structure needed; in order to protect the investors, consult with the lawyers, accountants and tax department to make sure everything is in accordance with the American as well as the Canadian laws. Finally, on November 1st 1994, La Paloma Partners Association becomes the rightful owner of the most beautiful park in Florida for the price of 6.125 million dollars of which more than three million was paid cash. The mission of the directors of La Paloma on that memorable day was and still is to this day; to offer all residents an exceptional quality of life, at a reasonable price, by supplying adequate equipment and services, while protecting the value of the homes and giving the partners a good yield on their investment.

Read More

Recently Updated profiles

General Manager

Assistante To General Manager

Browse ZoomInfo’s Directories