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September 17, 2004
SEP~~~O
To: Jefferson County Commissioners
Re: Proposed New Condos in Port Ludlow, Washington
We have visited Port Ludlow three times in the last four years and have seen
it grow substantially, and in a very positive mode, both for the county and
the residents. As such, we are considering purchasing one of the new
proposed condos.
Weare experienced in living in a resort, having built a home on Kiawah
Island in South Carolina. Kiawah was developed by the nation of Kuwait
and sold to a Charleston, South Carolina group. The Kuwaitis built an Inn
or small hotel such as Port Ludlow has. They added four 18 Hole golf
courses and hosted the Ryder Cup. The Inn was too small for the sale and
rentals that followed, so they built more condos and sold them to families
who put many of the condos into the rental program.
All of this meant revenue for the County and the developer. They worked
together as a team. While condos at resorts are not a new way of living, they
are a proven way to add value to the residents' property and revenue to the
County. They draw owners, who become residents and, in turn, owners who
support a rental program.
From our experience, you will be pleased with a program of this nature at
Port Ludlow and its successful outcome for the developer and the County.
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The Plantation
Ponte Vedra Beach, FI. 32082
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!lnUI SEP 2 1 2004 U
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I I JEFFERSON COUNTY
! OEP~9f COMMUNiTY DEVELOPMENT