That’s what a group of nine Tamarack homeowners hope to accomplish through state District Judge Patrick Owen.  The group, which calls itself the West Mountain Preservation Management Association, filed paperwork with the state Friday indicating that Inmorbiliaria Las Fuentes S.A. has agreed to lend $7.9 million for the operation of the resort from Oct. 1, 2009 – August 30, 2010.

Tamarack property owners are worried that their property values will continue to decline without an operating ski area and lodge.  They are also worried that Tamarack’s Village Plaza will become a “total loss” without utilities, maintenance and winterization. 

The Mexican company will lend the money to Tamarack homeowners at an interest rate of approximately 17% plus a 2% loan initiation fee with the condition that it receive a deed of trust to 80 acres and a mortgage for the remaining land.  The homeowners asked that former Tamarack Government Affairs Director, Scott Turlington, be named as the receiver.  Turlington’s firm, Principle Strategic Advisors in Boise, would oversee the protection and preservation of the property’s assets.

A hearing on the homeowner’s request is scheduled for Monday October 19, 2009 at 3:15 p.m.

Information Source, Idaho Statesman