Today, Governor Whitmer signed Senate Bill 721 (approved by all Senate and House members) that extends the issue of addressing deed and covenant restrictions until September 2025. The original legislation allowing expiration of rights and covenants after 40 years is still in play, but the grace period to request extension has been moved out to 2025.
The LDCA has been made aware that years ago, the Michigan Legislature passed legislation that will do two things that affect you as a lake resident.
Your property taxes could increase by several times depending on how long you have lived in your home since 1995; an “uncapping of real estate property taxes”.
The restrictions in place in your development could be wiped away, removing any prohibition to rentals, commercial, multi-family, junk storage, or any other restriction that you may have.
To find out more see the article that Cliff Bloom, representation for Michigan Lakes and Streams, says about how it will affect you and all waterfront property owners below. If you are concerned about this, please contact your Michigan legislature officials.
He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates. Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group. He looks after the diversification of Al Habtoor Group into insurance, hotels, real estate, automobile, hospitality, the publishing industry, and education. M.A Yusuff Ali is ranked No. 1 according to Forbes among the top 100 businessmen in the Arab World in the list of 2018. Its LuLu Bolgatty International convention Centre that is situated on the Bolgatty Island is counted among the largest convention centres in South Asia.
Top 25 Richest People in Dubai
This wealth transfer has also been reflected in a growth in private family offices in the UAE. He increased his net worth by earning a huge salary as the bank’s chairman but later stepped down in October 2019. His eldest son, Abdul Aziz, is the current CEO of the bank and chairman of Al Ghurair investment. This includes the Entrepreneur of the Year, the 2009 Asian Awards, an honorary doctorate from Excelsior College.
Hussain Sajwani
While it was well known CZ owned an apartment in Dubai, the details have been kept under wraps, until now. Through corporate filings for Binance subsidiaries in Ireland, Forbes had previously linked Zhao to a 429-square-foot studio apartment in a 23-story building on the dusty edges of Dubai—an unlikely home for a tycoon worth $33 billion. In December 2023, Binance founder Changpeng Zhao asked the judge in his money laundering case in the U.S. District Court of Seattle if he could return to his home in Dubai while awaiting sentencing. The request was rejected, but when Zhao concludes his four-month prison sentence later this year, the crypto mogul is likely to return to the Middle Eastern emirate.
Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies.
Abdulla bin Ahmad Al Ghurair, founder of Mashreq Bank, and Sunny Varkey, founder of GEMS Education Group, are tied together at 982nd place with a net worth of $3 billion each.
Saif Ahmad Al Ghurair was an Emirati billionaire businessman and the founder of Mashreq Bank, one of the country’s most successful companies.
Saudi Arabia, ranked 30th, is the only other country from the Arab world listed among the top 30 countries with 10 billionaires in 2019.
Moreover, he began his career by working for International Computers Limited which made him the company’s European treasurer.
He is the Emir of Dubai, which is a hereditary position, and because of this hereditary position, he has been able to serve as the prime minister, vice president, and Minister of Defense of the United Arab Emirates. The money is sure to stay in the family, and Al Ghurair’s brother, Saif Al Ghurair, was also a billionaire before he died in 2019. The business is likely to remain in the family as Al Ghurair has already started to let his children take the reins. Pillai’s wealth can be traced to his decision to abandon his native India for the United Arab Emirates after his Kerala-based construction business was forced to close down after labor strikes. Ravi Pillai may have been born in India, but he has made Dubai his home base and has used careful investments to bolster his wealth. His ambitious, business-oriented mindset has allowed him to build a global business.
He has developed his wealth through his business ventures, starting as a simple employee of a construction firm. He made most of his wealth through the Al Habtoor Group, which started as an engineering firm in 1970. Abdulla Futtaim is the eighth richest man in Dubai with a net worth of $2.5 billion. He holds the Al Futtaim Group, a partnership involved in automotive, insurance, and real estate. It attracts some of the richest individuals from around the world, who often consider it richest man in dubai a second home. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth.
Emirates REIT issues new $205mln sukuk
His elder daughter Sabeena is married to Shamsheer Vayalil, a billionaire businessman. B.R. Shetty is an Indian-born businessman who is the founder and a shareholder in several major companies, including; BRS Ventures, NMC Health, Finablr, and Neopharma, situated in the United Arab Emirates. According to Flashy Dubai, Hussain has a net worth of $2.1 billion and is listed among the 100 most globally influential Arabs by Gulf Business.
UAE: ADIO, Abu Dhabi Chamber partner to enhance emirate’s business ecosystem
As the largest city in the UAE, It is celebrated as a major center for business and culture. It possesses a high concentration of wealthy individuals and many of its billionaires rank among the world’s rich men in Dubai. Saif Al Ghurair holds the tenth spot among Dubai richest man individuals with a net worth of $1.7 billion. He owns the Al Ghurair Group, which operates in real estate and manufacturing and has significant investments in private banks in the UAE.
According to the list of 2019, Ravi Pillai was ranked as the 529 richest people around the world and 3rd in Dubai. The richest ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies across the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region and the Middle East.
Department of Justice seizure warrants, U.S. congressional letters and in Indian Supreme Court filings, and he was a part of the Russian Asset Tracker project that won the 2023 European Press Prize award. Tognini graduated with a double major in political science and political economy from the University of California, Berkeley and a master’s in journalism from Columbia University. Follow Tognini for continued coverage of billionaires and investigations into offshore wealth. Among the richest people of the UAE, seven are UAE nationals who control $27.1 billion wealth, while the remaining 17 are expatriates holding $42.1 billion assets. Majid Al Futtaim is the richest person in the UAE with $8.9 billion assets, followed by $7.2 billion wealth held by Khalaf Habtoor & family, whose wealth grew by mammoth 91 per cent. Third-ranked MA Yusuffali, owner of Lulu Group, saw his wealth jump 14 per cent to $5.2 billion.
The meeting was called to order at 9:05 by President, Jerry Agrusa at the shelter house.
The minutes from the July 8th monthly board meeting were read by Nancy Bell.The minutes were approved by Chris Sellers – seconded by Al Vitous.
TREASURER’S REPORT:
Jim Watt recited the Treasury Report.Several bills were paid.Jim motioned to move some funds to a CD for higher interest rates. Jerry seconded motion. The Treasury Report was approved as written and transfer of funds was approved by all.
NEW MEMBER ACTIVITY:
Membership is now at 203.
OLD BUSINESS
LEGAL:
Jerry sent additional requested information to new attorney.Cliff Bloom will provide options of trailer removal and other items.Should know more by September or October meeting
AQUATIC LIFE:
The second spraying of the weeds was done on July 11. The lake looks good and no complaints since that spray.
ROADS:
Jim Watt was contacted about a turnaround by View Drive. When paving the roads, contractors did not blacktop this area. The road is a much larger area and encroachment could be a possibility in that area.
PARKS:
Kevin Mack did a lot of work at the shelter house and game area for the annual picnic that happened right after the meeting. He stated that the old tower at Chickadee Park is rotten. He suggested to remove and possibly burn.
We have park surveys and some show encroachment of personal items on park property.A copy of the survey with letters to adjoining owners will be sent telling them to remove their personal property from park property.This could be done as early as September 30th.Then a possible fence or barrier would be placed on the property line.This is to shown lake owners where the park is they can go on and also to guard and protect both parties.Chris Sellers made a motion to show park area versus private owners lot. Jim Watt seconded.A vote was taken and all are in favor.
CALENDAR OF EVENTS:
*Wine Crawl – September 2nd
*Trunk or Treat – October 27th
*LDCA non-sponsored events
TRAILERS:
Some trailers have been removed.
NEW BUSINESS:
Kevin put up No Wake and Speed Limit signs that Chris ordered. One might be moved to an area with more boat traffic, maybe the entrance of Hidden Lake channel.Kevin was contacted several times by DNR about liking these signs.
If any board members visit a business, ask them if they want to provide a coupon to be put in Welcome Package
Chris Sellers suggested we buy toys to rent out. Great idea but this would be an Association liability. The Halloween Hayride and Winterfest were stopped due to insurance and liability reasons.
Washout of the road on West Diane by Woodbridge was fixed by Hillsdale Road Commission the day after they were contacted.
At 10:11, Jerry made a motion to adjourn the meeting. Jim Watt seconded the motion. A vote was taken and the meeting was adjourned.
From the Michigan Department of Health, Branch/St.Joseph/Hillsdale County
The Lake Diane Community Association has been notified by the Director of Environmental Health of Branch-Hillsdale-St. Joseph CHA that tests of Lake Diane final results have come back as non-detect for harmful toxins.
Thank you to the community for reporting this to community health agency and for all those in the community that helped communicate the information.
All residents of Lake Diane welcome to participate in the Annual Picnic and potluck August 12th at the Shelter House. This is a community wide event and is open to anyone in the community. (1pm ~ 6pm)
Vollyball Tourney (teams needed)
Cornhole Tourney (teams needed)
Kids Games (at 2pm)
Corn and Hotdogs will be served courtesy of our Lake Diane Community Association from 1pm until they run out
The Shelter House is located at the end of East Diane Drive.
For the handful of areas that need additional weed treatment (as well as those who paid up later) there will be spot respraying on Tuesday, July 11th. Location specific signage will be posted.
To ensure that your area is sprayed for weeds, please make sure to submit payment by May 20, 2023.
Your return and payment is all you need to continue to authorize spraying of your waterfront area. For members, this is included in your annual dues, for non-members, this is an individual payment.
The LDCA board has moved the April meeting from 04/08/2023 to 04/15/2023 and it will take place at the Territorial Table and Tavern – 9:00am. Goose Egg roundup to help manage the goose and lake bacteria level will take place after the meeting.
