I don't pay it. The odd thing is that Marriott doesn't show this contribution as ARDA-ROC where many other developers indicate that the money is going to the ARDA-ROC and is a PAC contribution. I don't think Marriott is being forthcoming in what this contribution is really for.
Although I don’t have my full invoice yet, we own Grand Chateau Platinum 2 Br EOY and our 2025 MFs are indeed 50% of the EY amount.
The top one doesn't look like MGC, there's a Master Reserve amount and Summer Platinum?
Crazy that the MFs for MOC 1 have basically caught up with the MFs at Westin Ka'anapali Ocean Resort Villas, which is arguably a much better product (much newer property, full kitchens, better furnishings, washer and dryer in unit, etc.) MOC used to be much cheaper than WKORV but the difference is now only $100 on a 2 bedroom villa, and that’s before adding in the extra reserve payment, which makes the MOC 1 a lot more expensive than WKORV. I never thought I’d see that.
I've attached the minutes from the Cypress Harbour BOD meeting on 8/29/24 and the Finance and Investment Committee meeting on 9/4/24. It looks like we are required to fund 100% by 2026 for the findings in the Structural Integrity Report as part of Senate Bill 4D. The expected reserve funding for 2025 and 2026 is $1100 total. It appears the Management Company (Marriott) recommended increasing reserve fees to $500 for 2025, but for some reason (not stated), the Finance committee during the Finance and Investment Committee meeting it was voted to have $570 as the Reserve fee. Had they kept the reserve fees at $500 the overall MF increase would have been less than 4%. By this logic, 2026 reserve fees should be lower since more than half of the 25/26 reserve funding is being collected in 2025.
Congratulations, but how were you able to post over 50, 000 message; plus do all those outstanding Youtube timeshare videos?
Thanks. That Lifetime Membership actually came from referrals to TUG from my YouTube channel. My video descriptions have a link to TUG and it seems enough people indicated my channel as who referred them. Something I wasn't even considering when I put that link in there.
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I noticed that ROC is a Signature sponsor for the ARDA Spring Conference. Good to see that they are spending money given to them by owners in ways that help owners. I wonder how much this sponsorship gives to ARDA and why ROC would need to sponsor something? Seems like a way to just transfer money from the owners to the developers interests.
I am at a crossroads with my Beachplace week, With the newer rules in Florida on reserve funding for resorts that are over 3-4 stories high, I have a lawyer friend who owns there and whom I have also rented stays from him in the past. He has suggested that people would be wise to sell there due to the possibility that MF will skyrocket. I’ve touched on this before here but curious if any other owners else are concerned.
Just a thought on the claims that MF will skyrocket - that is a routine sales pitch fear mongering technique. While FL law has indeed changed for reserve requirements after that tragic collapse, remember it was because so many condo HOAs refused to do any repairs. The one that collapsed, the BOD could never get anyone to vote for capital contributions to do major repairs, and when they did push for it, folks voted them off the BOD or the member resigned due to harassment.
Yes. It is part of ARDA. Kinda like sponsoring themselves with money from owners.
