You are more than welcome. This is A HORRIBLE organization who takes over great resorts to the detriment of the owners IMO. They will try to not reveal any details on who got the refurbishing jobs in advance, or how they chose the company once they have signed a contract. Try to make them get 3 or more bids and you will run into a brick wall. Suggest a good local contractor you are familiar with and they will probably never even contact them. Can you say possible kickbacks (IMO)? It will be hard to prove anything with the limited information you will receive. If any reputable organization is undertaking a job of several $100,000, it would only make sense to choose a company and budget based on multiple bids. The transparency would help the owners feel that Festiva could be trusted and the bids would get the best price for the owners. Giving out a detailed annual financial report to owners should be an automatic, not something you have to beg and fight to receive. They will generically tell you in letters what all needs to be done and put their price on it, but specific details on expenditures will be few and far between.
I wish you luck fighting them. If you can beat them at one resort, all resorts will have a chance. I am hanging in there at my resort (Blue Ridge Village) where they have used a slightly different twist on their normal assault. At our resort we of course need MF increases just to be able to pay our bills, but assessments aren't needed yet because we have some reserves. They are going to raid our reseves for refurbishments and upgrades. Of course once the reserves are depleted I am sure that the assessments won't be far behind because as they are quick to say at other resorts, reserves are necessary to operate. If we all need reserves so bad why are they raiding ours? We know why, but proving wrongdoing is hard if not impossible.
Keep fighting and good luck!!!!!!
Tom
I wish you luck fighting them. If you can beat them at one resort, all resorts will have a chance. I am hanging in there at my resort (Blue Ridge Village) where they have used a slightly different twist on their normal assault. At our resort we of course need MF increases just to be able to pay our bills, but assessments aren't needed yet because we have some reserves. They are going to raid our reseves for refurbishments and upgrades. Of course once the reserves are depleted I am sure that the assessments won't be far behind because as they are quick to say at other resorts, reserves are necessary to operate. If we all need reserves so bad why are they raiding ours? We know why, but proving wrongdoing is hard if not impossible.
Keep fighting and good luck!!!!!!
Tom
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