PTOA concerns
I have gotten some information from someone who works closely with our HOA boards, so hopefully your concerns will be addressed.
There has been some concern about putting Festiva employees on the PTOA board, but this is not the case. The three members we cast our (legal) votes for were:
1. An existing member of the previous board who is a homeowner in PTOA and the Board President of Mirror Lake 1 (also an HOA in Tamarack). He was RE-elected and is now the sitting Board President of the PTOA.
2. A homeowner and 2 year advisor to the board who was appointed by the previous board. Has served 2 years attending every board meeting and now has an official board seat and vote.
3. Board President of Mirror Lake 2. Not an owner in PTOA, but a 35-year association management professional, and someone who has a vested interest in the inner workings of the resort as a whole.
The PTOA now has representatives from each of the 3 sub associations under the master (TOA) association. The smaller Mirror Lake 1 and 2 HOAs had long felt that they weren't getting a fair shake from the PTOA on issues important to them and had no say in the TOA election process. Only the PTOA Board president can vote in TOA elections, yet the TOA still charges thousands of dollars to the Mirror Lake HOA's each year for the shared use and exterior maintenance agreements. We thought it fair to allow members of ML1 and ML2 serve on the PTOA board since the decisions made by the board affect all three HOAs.
To answer the concern about the board being picked by owners and Festiva casting votes as opposed to Adventure Club members, our Adventure Club members do not actually own deeded real estate at any of our resorts; rather, they have a 40 year club membership. Therefore, they are not a part of a specific property's HOA. We (Festiva) pay the maintenance fees for each club week. While some of those maintenance fees are offset by the fees paid to us by club members, not all of them are. We are responsible for 100% of the maintenance fees for weeks we have in trust, developer owned weeks that have no one offsetting the expense, weeks that are in default, and weeks that the HOAs have sold us in order to get maintenance fees paid for those intervals once again and forever. Further, if a club member does not pay their dues, Festiva still has to pay the fees on those weeks to the HOA, and we do so without fail.
I hope this information has been helpful with relation to the PTOA meeting. If there are any questions about this annual meeting or any other HOA board meeting, please let me know as they are all different.