RonB
TUG Member
- Joined
- Jun 6, 2005
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We just got back from BIS and here is a brief report including a talk with a member of management about the pending termination of the timeshare.
First, as mentioned in another post, exterior renovations are almost complete. I believe that only the 200 buildings are left. Also, some of the parking spots are now gravel - I hope they do make them look nicer.
Second, the interior of our unit in the 500 building has not been touched - for years...
I also talked to the people in the office about renovations to the interiors and the termination question. The board is going to vote on interior renovations this fall - I hope they begin right away.
The termination is supposed to take effect in 2027, (I think). They have been trying to get people to vote, and those who have have been overwhelmingly in support of changing the specific clause to maintain BIS as a timeshare. However, only a small number of people have voted, and at least 75%, (I think), must vote.
You can see how the vote is going by going to the link below.
http://www.barrierislandstationduck.com/wp-content/uploads/2016/02/BLDG-500-800-06-09-16-1.pdf
When I talked to the one office person that seemed to know what was going on, he said that if the amendment does not pass, what will happen is that individuals will still own a week, but will be able to reserve a week in their building on a first come first serve basis. That is, you can reserve any week in any unit, (if availble), in your building when you pay your maintenance fees for that year. This doesn't sound right to me, but I have not seen the actual clause, and probably wouldn't understand the legalese if I did see it.
Ron
First, as mentioned in another post, exterior renovations are almost complete. I believe that only the 200 buildings are left. Also, some of the parking spots are now gravel - I hope they do make them look nicer.
Second, the interior of our unit in the 500 building has not been touched - for years...
I also talked to the people in the office about renovations to the interiors and the termination question. The board is going to vote on interior renovations this fall - I hope they begin right away.
The termination is supposed to take effect in 2027, (I think). They have been trying to get people to vote, and those who have have been overwhelmingly in support of changing the specific clause to maintain BIS as a timeshare. However, only a small number of people have voted, and at least 75%, (I think), must vote.
You can see how the vote is going by going to the link below.
http://www.barrierislandstationduck.com/wp-content/uploads/2016/02/BLDG-500-800-06-09-16-1.pdf
When I talked to the one office person that seemed to know what was going on, he said that if the amendment does not pass, what will happen is that individuals will still own a week, but will be able to reserve a week in their building on a first come first serve basis. That is, you can reserve any week in any unit, (if availble), in your building when you pay your maintenance fees for that year. This doesn't sound right to me, but I have not seen the actual clause, and probably wouldn't understand the legalese if I did see it.
Ron
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