In 2003, one of the country’s leading manufacturing companies (the sole shareholder of Occidental Investments Limited and Oceanic Limited) developed the Samaan Grove Community as the 1st phase of the Golden Grove-Buccoo Estate. This continued until 2009, when Occidental Investments Limited and Oceanic Limited’s shareholding was transferred from this manufacturing company to CLICO as part of an overall restructuring. In 2009, a financial crash also occurred, which impacted the future development of the properties in question. From 2009 to 2017, CLICO was in charge of the “B” Share of the Association until OIL’s shareholding was transferred to a special-purpose company called Golden-Grove Buccoo Estate Limited, which was mandated to develop the overall development as a tourist destination.

Since 2011, CLICO, OIL’s shareholder, appointed selected homeowners to the Association’s Board to represent the homeowners’ interests. The directors requested the establishment of a management committee to work alongside the Board to serve in the operational activities of the community – an action that remains presently. Throughout the years, we have invited all who wish to serve on the management committee as we seek to create a community in which all property owners can be proud.

As the Association no longer bills the Annual Lease Rent for the A lots, it should be reminded that Occidental Investments Limited (OIL) bills an annual lease rent of $1000.00 for the “A” lots as the Golden share owner.