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2009 Maintenance Fees

andypoole said:
as I thought, but it looks like they want the full amount
Click to expand...

Wait a minute!
I was referrring to the numbers quoted above in this thread. Are you talking about a bill you just received in the mail? The bill in the mail is what is due NOW, even if you are an EOY owner. EOY owners pay every year, but they pay half as much as annual owners.

I received my Waiohai bill two days ago.

Your bill should be $740.35.


Terry
 
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2009 SurfWatch 3BR

Operating Fee - $859.23 (+79.53)
Reserve Fee - 170.83 (+ 9.67)
Property Tax - 78.72 (+ 1.46)
Total - $1108.78 (+90.66)

Not too bad, I guess. This will be our first year with Barony fees, it's good to hear that increase was minimal.
Susan
 
The bill received in post is for $1515.20, which includes International Owner Service fees. They show two codes, one ending in 44 and the other in 47. Each code has four charges relating to it:
Property Tax Fee
Int'l Owner Service Fee
Replacement Reserve
Operating fee.

Total per code - $757.60

Amount due in total - $1515.20

I've also checked in my account online and the full amount less Int'l Owner Fee is showing as due - $1480.70
 
That sounds like the correct amount. You have two EOY weeks at the resort. So you should be charged half of a full EY fee on each of them. Half of the EY fee is $740.35, before considering the international fee. $740.35 (plus the international fee) times 2 EOY weeks is what you have been charged and what you should be charged, unless I'm missing something.
 
It's not easy embarrassing yourself in public - Internationally - in front of people you might meet on vacation!!
 
Cypress Harbour Sport
Property tax 94.04 (down 17%!)
Reserves $230 (up 18%)
Maintenance $557.60 (up 6%)
Total $881.64
 
2009 SurfWatch 2BR

Operating Fee - $740.75
Replacement Fee - 147.26
Property Tax - 67.86
Total - $955.84
 
still waiting for the MHZ MFs to come online
 
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BeachPlace Towers Approved Fees

BeachPlace Towers approved the 2009 budget as follows (all units are 2 bedroom):

Platinum-$1,014.58
Gold-$977.58

The 10 year renovation was completed 2 months ago. The operating fund, reserve fund and tax fund will all have positive fund balances moving into 2009. An updated asset reserve study will be completed in the next few months and is not expected to materially change the asset replacement funding plan.

Eric Minotti
Board Treasurer
 
Eric: Why are the Platinum maintenance fees more expensive than the Gold maintenance fees? They are all for the same sized unit....

Or are the fees higher for Platinum because Platinum weeks are more valuable?

Finally, are the renovations now 100% complete?
 
minoter said:
BeachPlace Towers approved the 2009 budget as follows (all units are 2 bedroom):

Platinum-$1,014.58
Gold-$977.58

The 10 year renovation was completed 2 months ago. The operating fund, reserve fund and tax fund will all have positive fund balances moving into 2009. An updated asset reserve study will be completed in the next few months and is not expected to materially change the asset replacement funding plan.

Eric Minotti
Board Treasurer
Click to expand...

I hope that these fees include taxes. :shrug:
If so, KUDOS to the board for holding the line for the second year in a row! :clap:

Terry
 
MB Maint. Fees

I'll bet the Platinum Maint. Fees are due to the higher property taxes.

We're checking in next Saturday and can't wait to see what they have done to the place.

Yea...kudos to the Board for not having a special assessment to do the renovations.

Many places can't seem to do get it done without the extra $$$.
 
Dave M said:
The median increase was at an annual rate of 5.0%. I exclude special assessments.
Click to expand...

Dave - I have a lot of respect for all you do, but I might not agree with ignoring SA's

Aren't special assessments paid as part of ownership? In theory, if the reserves are funded property, and there's not an abnormal issue (storm at Kauai Beach Club) then there should not be a need for a SA. I understand your point that short time periods could eschew data, but over 8 (soon 9) years, that seems to be an ample time period (as most major renovations happen at least once in this time period).
 
Marriott Kauai Beach Club 2 bedroom:

Operating Fee $1339.83 (increased $101.50)
Reserve Replacement $282.62 (increased $13.50)
Property Tax $108.04 (no change)

Total Fee $1731.49:eek:

The good news is no special assessment fees!
 
St. Kitts Beach Club 3 bedroom:
2009 Reserve Fee $215.19
2009 Operating Fee $1487.58
Total amount $1702.77

Frenchman's Cove 2 Bedroom:
2009 Reserve Fee $148.56
2009 Operating Fee $985.92
Total amount $1134.48
 
Marriott Kauai Beach Club 1 bedroom

Marriott Kauai Beach Club 1 bedroom:

Operating Fee $1218.03 (increased ??)
Reserve Replacement $257.83 (increased ??)
Property Tax $98.22 (??)

Total Fee $1574.08 :week:
 
Maui Ocean Club - Lahaina Towers 2-Bedroom

Operating Fee - 1,532.40

Replacement Reserve - 151.07

Tax Fee - 134.45

Total - 1817.92

( where do I collect my prize?)

Bob
 
Bob P said:
Operating Fee - 1,532.40
Replacement Reserve - 151.07
Tax Fee - 134.45
Total - 1817.92
(where do I collect my prize?)
Bob
Click to expand...

What, Bob, no dancing bananas? :banana:


Actually I think that KauaiMark should take the prize as he has a 1BR KBC unit that is now officially higher than my Waiohai 2BR unit. :eek:

Terry
 
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