THE PROPOSAL:
Disney had a special meeting to announce that they will be extending the land lease from the Jan 31, 2042 to Jan 31, 2057. Current owners can choose to opt in or opt out. Should an owner choose to opt in, there is $25 per point extension fee. This fee is reduced to $15 per point if the fee is paid by Feb 29, 2008. If they choose to opt out, there ownership will end Jan 31, 2042.
THE MEETING:
The meeting began at 2:05 pm. It lasted for about an hour. There were 53 owners/owner family members representing about 30 membership families. There were about 20 Disney staff members. They outlined the offering and accepted questions.
PAYMENT:
Owners can choose to pay the "assessment" in 1 lump sum or finance it @ Disney's member financing rates. All owners will be given a $30 credit on their maintenance fees to cover the cost of any notaries that they must get. They will also be sent a Lithograph to commemorate the "extension event."
NEW DEVELOPER PRICING:
Developer pricing is changing from $92/ point for contracts ending in 2042 to $96/ point for contracts ending in 2057. I would hate to have paid $92 and now have to fork over another $15/point!
Disney had a special meeting to announce that they will be extending the land lease from the Jan 31, 2042 to Jan 31, 2057. Current owners can choose to opt in or opt out. Should an owner choose to opt in, there is $25 per point extension fee. This fee is reduced to $15 per point if the fee is paid by Feb 29, 2008. If they choose to opt out, there ownership will end Jan 31, 2042.
THE MEETING:
The meeting began at 2:05 pm. It lasted for about an hour. There were 53 owners/owner family members representing about 30 membership families. There were about 20 Disney staff members. They outlined the offering and accepted questions.
PAYMENT:
Owners can choose to pay the "assessment" in 1 lump sum or finance it @ Disney's member financing rates. All owners will be given a $30 credit on their maintenance fees to cover the cost of any notaries that they must get. They will also be sent a Lithograph to commemorate the "extension event."
NEW DEVELOPER PRICING:
Developer pricing is changing from $92/ point for contracts ending in 2042 to $96/ point for contracts ending in 2057. I would hate to have paid $92 and now have to fork over another $15/point!
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