Sheraton Mountain Vista maintenance fees finally up on MyStarcentral.
2 bedroom lockoff went from 847.35 to 1050.17. (All numbers include taxes but exclude ARDA and SVN fees.)
The fees excluding taxes are 976.34 for 2008 versus 765.85 for 2007. That represents a 27% increase.
Has anyone heard any reasonable explation for this? I just called SVN association management, and the rep had no good explanation.....stating that %20 increases are the average.....when she said this I didnt know whether to laugh out loud or scream! I restrained myself and said, surely you realize that over a %25 increase is kinda high. She replied, "that is why I dont own a timeshare." I asked her if anyone there could give an explanation, and she offered to have her supervisor call me.....so I am still waiting.
From what I read in the usless brochure that came in the mail with the fees bill, they acknowledge an "average increase of 15% over the 2007 fees." (I think ours rose more than that, too...) Below is their justification, or whatever you wish to call it...
"The increase covers rising costs in a variety of operational areas including wages, and operating expenses affected by supplier cost increases. Due diligence and careful, detailed reviews were done for all expenditures and services provided to you, always in light of the benefit they provide for the entire ownership."
"Three categories drive the majority of the increase, and represent 68% of the overall 2008 increase:" (Where the ---- did the other 32% come from???)
Replacement Reserves ("...roofs, exterior painting, paving, unit furniture (somebody check on that one!) and fixtures and deferred maintenance of certain items... an increase of $25 per week." (Ladies and gentlemen, that is $1300 per one bedroom unit...)
Special Projects "...villa balcony painting and trim staining, fitness equipment, humidifiers, living room lamps for phase 2, commercial washers/dryers and recycling bins. ...$36.55 per week increase.
Prior-year (Surplus)/Deficit Reduction "...operating deficit is projected for 2007. The Board approved reducing a portion of the deficit and this resulted in a year-over-year increase of $32.95 per week."
Increases in Front Office, Housekeeping, Administration and Engineering wages due to market wage adjustment made to retain/attract employees... $43.56 per week!
Add those up and you get $138.06, which I assume is per 1 bedroom... if you own a two-bedroom, you can probably double that amount!
Well, that sums it up and shows you why we are paying way too much this year, IMHO!
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