Lagoon Tower @ the Hilton Hawaiian Village (Oahu)
From the Annual Billing Letter via the HVVS Owners Association
2019 ASSESSMENT STATEMENT
Enclosed is the 2019 budget and statement for your association's assessment, real estate taxes and annual Club dues - due by January 1, 2019. The operations portion of the budget funds the day-to-day operations of your resort, with the reserves portion funding future improvements to your property, including replacement of furniture, carpeting, appliances, re-painting and other planned enhancements.
Your Board of Directors considers many different factors in establishing your association's budget. This year, the overall combined assessments for all unit types will change by 4.7%. Some of the key factors affecting changes in the assessments are largely beyond the control of the association - like increase utility costs, a 14% increase in real estate taxes and a 13% increase in employee group healthcare and benefits.
To help your association save money, your Board of Directors would like to encourage you to pay your maintenance fee early by check and opt-in for online communications. Visit Club.HiltonGrandVacations.com to manage your communications preferences under the "Welcome" tab.
From the Annual Assessment Billing Budget (excludes Hawaii GE)
Studio
Operating Fee $624.68
Reserve Fee $77.93
Real Estate Tax $46.46
Total $749.07
Moderator added:
Increase of $21.09 (2.90%) from 2018 ($727.98)
One Bedroom
Operating Fee $908.88
Reserve Fee $201.87
Real Estate Tax $120.35
Total $1231.10
Two Bedroom
Operating Fee $1,175.15
Reserve Fee $318.02
Real Estate Tax $189.60
Total $1,682.77
Two Bedroom Penthouse
Operating Fee $1,432.82
Reserve Fee $430.40
Real Estate Tax $256.60
Total $2,119.82
Moderator added:
Increase of $104.89 (5.21%) from 2018 ($2,014.93)
Three Bedroom Penthouse
Operating Fee $1,690.47
Reserve Fee $542.76
Real Estate Tax $323.59
Total $2,556.82
Moderator added:
Increase of $131.55 (5.42%) from 2018 ($2,425.27)
2018 & 2019 Annual Assessment Billing Budgets attached.