Deerwood Improvement Association

The Option Agreement (“LOI”)

How we got here, and what is being decided

  1. Overview
  2. 1 · Option Agreement
  3. 2 · Court Ruling
  4. 3 · Task Force
  5. 4 · Original Recommendation
  6. 5 · Current Recommendation
  7. 6 · Letter & Details

The DIA Board will take final action at its open meeting on Tuesday, October 27, 2026, at 5:30 p.m. at the Club.

Residents will have an opportunity to be heard

Six steps, in order

These pages are meant to help every resident understand the Option Agreement dispute and the Task Force’s recommendation. Each step has a plain-English summary and, where one exists, the complete source document.

  1. January 2022

    1 · The Option Agreement

    DIA and the Deerwood Country Club sign an agreement giving DIA the option to buy the Club for $5,000,000 if certain events occur. DIA pays $25,000 a month to hold the option.

    Read more →
  2. October 31, 2023

    2 · The Court’s ruling

    After five homeowners sue, a Duval County judge declares the agreement void because the DIA Board’s vote did not meet the Bylaws.

    Read more →
  3. May 2026

    3 · The Task Force is formed

    The DIA and DCC Boards create a six-member Task Force to recommend a resolution of the dispute over the payments.

    Read more →
  4. September 18, 2026

    4 · The original recommendation

    The Task Force delivers its recommended terms to both Boards: a mutual release, Gum Swamp, meeting space for DIA, and more.

    Read more →
  5. October 26, 2026

    5 · The current recommendation

    The Task Force’s revised recommendation, submitted to the DIA Board and already approved by the DCC Board. The road-easement provision has been removed.

    Read more →
  6. October 26, 2026

    6 · Letter to the community, and the details

    The Task Force’s letter to residents, with a detailed analysis of the costs and benefits of the recommendation.

    Read more →