Bulk of Idaho Club off the auction block

by KEITH KINNAIRD/Hagadone News Network
| July 8, 2014 9:00 PM

SANDPOINT - The majority of the Idaho Club is no longer on the auction block, according to Bonner County Treasurer Cheryl Piehl.

Piehl said Monday that Valiant Idaho LLC paid $1.7 million in back taxes, late fees and interest owed by Pend Oreille Bonner Development.

Undeveloped lots and the club's golf course were set to be auctioned Wednesday in three phases. The lots were owned by Pend Oreille Bonner, GNP-IC LLC and Eagle Pointe Construction.

But with Valiant Idaho's redemption, the 170 or so lots formerly owned by Pend Oreille Bonner will no longer will be up for auction.

The 23 lots owned by GNP-IC and the single lot owned by Eagle Pointe, however, remain on the block, Piehl said. The auction is set for 10 a.m. at the Bonner County Administration Building.

Piehl said Valiant Idaho recorded an assignment of mortgage note and redemption right, which transferring R.E. Loans rights.

R.E. Loans, a bankrupt LLC, was one of the Idaho Club's main investors.

Valiant Idaho, according to Idaho Secretary of State records, lists William Haberman of Celebration, Fla., as the member or manager of the limited-liability corporation. The LLC was formed Thursday.

Haberman was not immediately available for comment late Monday.

In other developments in the Idaho Club saga, developer Jim Berry said on Monday he intends to foreclose on four parcels formerly owned by Pend Oreille Bonner after paying $141,000 in back taxes to redeem them.

Berry, the original developer of the golf course along the Pack River, said he is still owed $2.5 million for the property he sold to Idaho Club developers.

Berry said foreclosure proceedings could start this week or next week.

"We're waiting on a survey and title reports," said Berry, the operator of JV LLC.

Berry said the parcels he redeemed encompass five golf holes and parts of two other holes on the south side of Highway 200.

"I'd like to see someone come in and finish the development," said Berry, adding that he wants the course to remain open for public play.