2015 MVC Point Chart now posted on website

[taffy19]

I have seen it on the Multisite Public Offering Statement (included in my original docs), but it is quiet if it applies to each resort individually, or across all resorts as a whole.

See last paragraph on the attached excerpt.....

I also asked this question once but got a different answer from what jimf41 posted here. A resort or location may become more or less popular than it originally was so the demand for a resort may change compared to the other existing resorts and they may adjust the points accordingly. New resorts will have more points allocated as most developers have done that everywhere else.

If the words are that vague in a legal document, then they may be able to change it so long the total amount of points do not change unless there are more units in the trust.

I asked this question because the Lahaina and Napili towers were awarded many points for their weeks but it may change one day but we will always have our week to fall back on so I am not too worried about it.

This is different for a true trust owner but it should be a rare exception rather than the rule or trust point owners would be very unhappy if points would be taken away from them that easily.

I would be more worried about a lottery first, if too many people are competing for the same holidays, as they can only adjust the weekly points a little bit to keep everything else in balance in the trust. JMHO.

 

[Fasttr]

I also asked this question once but got a different answer from what jimf41 posted here. A resort or location may become more or less popular than it originally was so the demand for a resort may change compared to the other existing resorts and they may adjust the points accordingly. New resorts will have more points allocated as most developers have done that everywhere else.

If the words are that vague in a legal document, then they may be able to change it so long the total amount of points do not change unless there are more units in the trust.

I asked this question because the Lahaina and Napili towers were awarded many points for their weeks but it may change one day but we will always have our week to fall back on so I am not too worried about it.

This is different for a true trust owner but it should be a rare exception rather than the rule or trust point owners would be very unhappy if points would be taken away from them that easily.

I would be more worried about a lottery first, if too many people are competing for the same holidays, as they can only adjust the weekly points a little bit to keep everything else in balance in the trust. JMHO.

The other wording that has always intrigued me, which again is a bit vague, is on the very last page of the points chart, item number 1 which states....

1. Unless otherwise permitted by applicable law, with respect to any accommodation, no change exceeding ten percent (10%) per annum in the manner in which point values may be used may be made without the assent of at least twenty-five percent (25%) of the voting power of the Association other than the developer.

Depending on what an "accommodation" is, that could have a few different interpretation as well. Is an accommodation a room night, a room week, a room year, a resort? It likely can't be a room night as the 2015 July 4th tweak for Fri/Sat appears to be closer to a 20% change for those nights alone (realizing the full week remained unchanged).

It does make you ponder.

 

[nakyak]

Looks like only one Ritz property for us to exchange into now.

 

[dioxide45]

Looks like only one Ritz property for us to exchange into now.

The others are available through the Explorer Packages to Premier Owners. Only the Vail property is conveyed to the trust, thus why it is the only one on the points chart.