Friday, Dec. 11, will be a historic day for Del Webb Lake Providence as community developers, The Pulte Group, will officially "turn over the keys" to a resident-run board of directors.
The transition from a developer-appointed board to a resident-run board, which has been a goal of the residents since the first home was constructed in Del Webb in 2007, will be complete upon signing of the papers Friday at 2 p.m.
Board President Jack Knott discussed the change with The Wilson Post on Wednesday.
Knott and his wife relocated from North Carolina to Del Webb Lake Providence in early 2010. He said after retirement from German-based Siemens company, they wanted to be closer to their daughter - who was already living in Tennessee.
Knott served on the community finance committee for four years and has been board president for two years.
"We had an election, run by the Wilson County Election Commission. My background is mergers and acquisitions and this seemed to fit my background well," he said of being named president.
With most of their developments, Pulte keeps control until "the very end," he explained. The community pushed for two residents to be named to Pulte's seven-person board in the meantime.
"We thought, 'Why not set up a resident board before they leave?' So that is what we did," Knott said. "We had the Pulte Board who had veto power over what we did - but they never vetoed anything."
The biggest responsibility of the board is to control finances - keeping homeowner's fees on the low end - since a lot of the 55 and over community is on a fixed income.
The fees cover infrastructure, including the clubhouse, swimming pools and gym.
Knott is very much looking forward to Friday. "It's ceremonial," he said. "There's been probably 50 or 60 people working almost night and day for the last two years to get this to happen."
Del Webb Lake Providence is a 55 and better active adult community in the heart of Mt. Juliet that has a flourishing lifestyle program that focuses on mind, body, spirit in all of its programming.
Staff Writer Sabrina Garrett may be contacted at firstname.lastname@example.org.