magmue
TUG Member
- Joined
- Nov 26, 2017
- Messages
- 552
- Reaction score
- 404
- Location
- Northwest of Normal
- Resorts Owned
-
HGVC: Kingsland
West 57th
Worldmark
Whale Pointe fractional
Point at Poipu (deed)
Lawai Beach Resort
Kauai Beach Villas
Just arrived via email. Not much to like here.
Aloha Owners,
The 2024 AOAO Owners Annual Meeting was held virtually on October 10. Thank you to all the owners who took the time to attend. For those of you unable to attend, the following is some of the information presented at the meeting and responses to some of the questions asked.
Project Reoccupy (post tension repairs to buildings G & H)
As of October 7th, $3.3M or 82% of the total of the $4.1M special assessment has been collected with continuing collections ongoing based on the association's billing and collection policy. The board has retained Wiss, Janney, Elstner Associates, Inc. (WJE) to generate design drawings and project manager The Hardy Group (THG) to create bid specifications to be used in the preparation of bid packages. THG hopes to have bids before the year end. They have met with the Kauai County permit department at which time the County instructed them to submit permit requests for emergency work, stating that work is likely to be authorized, and the necessary permits granted. The County also requested River Focus, the engineering firm that performed the flood study, to use their existing data to create new drawings that meet FEMA specifications. This impacts Project Remediate as well (additional details below).
Project Remediate (extensive repairs to all eight buildings)
As noted above, THG has met with Kauai County to discuss the River Focus flood study and as a follow-up River Focus is working on creating reports and FEMA compliant maps to address the County’s questions. The County’s position on the flood study will impact the work needed to mitigate future floods. Based on current cost estimates provided by third party experts, Project Remediate will require a special assessment currently estimated at $67,200,000. The intent is for the funds to be collected over three years with funding in installments of $22,400,000 per year unless the contractor requires us to guarantee all the funds before work begins. Three installments will amount to the following assessments per unit per year:
The Lawsuit
The partition vote was again indefinitely postponed due to various considerations. Various petitions are before the court that will likely impact any future mediation and the trial. The trial date has been pushed off to November 2025. The AOAO defense attorney has recently turned over 10’s of thousands of pages of discovery to the plaintiffs. Once the court rules on some of the open matters we'll be able to provide more information. The timeshare association's attorneys filed for summary judgement to dismiss the timeshare from the lawsuit. The petition or request was granted. The IOA is no longer a party to the lawsuit.
Aloha Owners,
The 2024 AOAO Owners Annual Meeting was held virtually on October 10. Thank you to all the owners who took the time to attend. For those of you unable to attend, the following is some of the information presented at the meeting and responses to some of the questions asked.
Project Reoccupy (post tension repairs to buildings G & H)
As of October 7th, $3.3M or 82% of the total of the $4.1M special assessment has been collected with continuing collections ongoing based on the association's billing and collection policy. The board has retained Wiss, Janney, Elstner Associates, Inc. (WJE) to generate design drawings and project manager The Hardy Group (THG) to create bid specifications to be used in the preparation of bid packages. THG hopes to have bids before the year end. They have met with the Kauai County permit department at which time the County instructed them to submit permit requests for emergency work, stating that work is likely to be authorized, and the necessary permits granted. The County also requested River Focus, the engineering firm that performed the flood study, to use their existing data to create new drawings that meet FEMA specifications. This impacts Project Remediate as well (additional details below).
Project Remediate (extensive repairs to all eight buildings)
As noted above, THG has met with Kauai County to discuss the River Focus flood study and as a follow-up River Focus is working on creating reports and FEMA compliant maps to address the County’s questions. The County’s position on the flood study will impact the work needed to mitigate future floods. Based on current cost estimates provided by third party experts, Project Remediate will require a special assessment currently estimated at $67,200,000. The intent is for the funds to be collected over three years with funding in installments of $22,400,000 per year unless the contractor requires us to guarantee all the funds before work begins. Three installments will amount to the following assessments per unit per year:
| Unit Type | Total Per Unit | 1/3 Installment | Per IOA Week |
| 2BR/2Bath – Type 5,6 | $548,352 | $182,784 | $3,584 |
| 2BR/2Bath - Type 1,2,3 | $543,648 | $181,216 | $3,553 |
| 2BR/2Bath – Type 4 | $539,616 | $179,872 | $3,527 |
| 1BR/2Bath | $376,320 | $125,440 | $2,460 |
| 1BR/1Bath | $311,808 | $103,936 | $2,038 |
The Lawsuit
The partition vote was again indefinitely postponed due to various considerations. Various petitions are before the court that will likely impact any future mediation and the trial. The trial date has been pushed off to November 2025. The AOAO defense attorney has recently turned over 10’s of thousands of pages of discovery to the plaintiffs. Once the court rules on some of the open matters we'll be able to provide more information. The timeshare association's attorneys filed for summary judgement to dismiss the timeshare from the lawsuit. The petition or request was granted. The IOA is no longer a party to the lawsuit.
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