Logan Martin Lake Topics: Taxes on Leased Lots

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	Name:	Feb -
	Subject:	Taxes on Leased Lots
	Date:	5/17/2005 6:35:04 AM

Thanks for the info Osms. You can obtain your bid package via email by contacting chayes@southernco.com . I believe bids have to be submitted by June 6th. Good Luck. I know someone who won three lots a couple of years ago. They spec built and made a nice profit on all three. Lot of individual work was put into it. All three nice lots over in the Parker Creek/Oakachoy area. Lake cabins sold quickly.

My personal opinion is this tnat an APC leased lot is the second best way to have a Lake Martin place only behind outright ownership. Years back APC did sell (deeded over) a large number of their leased lots to the lease holders, but as you know APC states up front they will not sell current leased lots.