Peppertree Atlantic Beach I bankruptcy

[allsmiles277]

I am not talking about points owners....I am talking about the names on the deeds that points owners traded in for their points memberships. There should be deeds with owners names because somebody still owns them like Festiva, Zealandia or whatever name is on the current deed. Why would they get a pass since they are also responsible for the Special Assessments since they are deeded owners.

 

[NC Air]

Did you see this bill on the web site? I have yet to receive a bill in the mail. When exactly is it due?

yes, the bill is on the web site when you log into your account and see your reservations (future and past) and your "contract transaction history"

It says it's due 6/1/16

 

[Kozman]

yes, the bill is on the web site when you log into your account and see your reservations (future and past) and your "contract transaction history"

It says it's due 6/1/16

I'm not adverse to going on the web site but I don't recall setting up an account (maybe I did, maybe I didn't....lol) but may I assume it will come in the mail as well?

 

[allsmiles277]

I have had many friends that never got mail from Festiva and were charged late fees.

 

[PepABNC]

Update Phase II Bldg 25?

AllSmiles - any way you could give me an update on Building 25?
Supposed to be there in three weeks and called today for an update and was told "the work just started on it" and "don't come unless we call you and tell you it is ready".

We knew work was going on (for how many months now?!), but we assumed we'd be called if we should NOT come; we never knew that we were NOT supposed to come unless we were called! (The communication is certainly lacking!)
We are up to date on our annual maintenance fee, and our assessment fee and will be very frustrated if we can't occupy this month.

Interested in learning more about class-action if it occurs.
We also were a Phase I owner (penthouse) that got shifted to Phase II under less-than-transparent conditions [Checked in and was given a different unit than the one we owned without any explanation... turns out ours was the first building of the old Phase 1 bldgs to be condemned so they just plopped us in a different Phase 1 bldg without even telling us]. And now to possibly not be able to get into our Phase II is very frustrating!

 

[allsmiles277]

AllSmiles - any way you could give me an update on Building 25?
Supposed to be there in three weeks and called today for an update and was told "the work just started on it" and "don't come unless we call you and tell you it is ready".

We knew work was going on (for how many months now?!), but we assumed we'd be called if we should NOT come; we never knew that we were NOT supposed to come unless we were called! (The communication is certainly lacking!)
We are up to date on our annual maintenance fee, and our assessment fee and will be very frustrated if we can't occupy this month.

Interested in learning more about class-action if it occurs.
We also were a Phase I owner (penthouse) that got shifted to Phase II under less-than-transparent conditions [Checked in and was given a different unit than the one we owned without any explanation... turns out ours was the first building of the old Phase 1 bldgs to be condemned so they just plopped us in a different Phase 1 bldg without even telling us]. And now to possibly not be able to get into our Phase II is very frustrating!

I heard that Building 25 is going to be one of the last buildings being done. Call the Atlantic Beach NC Inspection's Office. They can give you the most accurate information.

 

[allsmiles277]

I heard that Building 25 is going to be one of the last buildings being done. Call the Atlantic Beach NC Inspection's Office. They can give you the most accurate information.

Atlantic Beach Planning Department
No reviews · City Government Office
125 W Fort Macon Rd
(252) 726-4456

 

[allsmiles277]

Atlantic Beach Planning Department
No reviews · City Government Office
125 W Fort Macon Rd
(252) 726-4456

Organization & People
Michelle Shreve, Planning & Zoning Director planner2@atlanticbeach-nc.com

John Harrell, Chief Inspector inspector@atlanticbeach-nc.com

Kim Tynes, Permit Technician/Admin Asst inspectionsadmin@atlanticbeach-nc.com
Contact Us
Planning, Zoning & Inspections
PO Box 10
Atlantic Beach, NC 28512
Phone: 252 726-4456
Fax: 252 727-7043

 

[Shelleykc]

Peppertree work

Last Friday I drove out to the resort and was unable to access the property. The guard stated that work was being done on Bldgs 15 & 16. I drove around the back and could clearly see that there was no work or material in the parking lot of Bldgs 17-19 and Bldgs 24 & 25. I hope this information helps.

 

[allsmiles277]

Go before 9:AM and no guard is usually posted

I went before 9:00AM and there was no security guard and I drove right in.

 

[Mulligan101]

Special Assessment

I'm not adverse to going on the web site but I don't recall setting up an account (maybe I did, maybe I didn't....lol) but may I assume it will come in the mail as well?

I did receive the billing statement for the special assessment in the mail today.

 

[Kozman]

I did receive the billing statement for the special assessment in the mail today.

And? They expect everyone to snap to and pay by June 1 after going 9 months without any correspondence? Did they explain what it was for and why it was needed?

Supposedly buildings 20-23 where complete. Has anyone been able to use them yet?

 

[NC Air]

Letter and bill arrived today for deck and stairs repair

Here's the text from it which I scanned and did text recognition on, so forgive me if there are typos.

It sounds cheery and optimistic, like they have no clue how ticked off we are about their poor communication.

Overall, this is a small price to pay to get back on track (565 total for 2 BR owners, 392 for 1 BR owners, spread out over 3 years). Still interested in a class action lawsuit though. They don't list specific dates but certainly imply everyone ("ALL BUILDINGS") should be able to use their weeks for the Summer, traditionally Memorial Day start of "busy summer season." Obviously this wording gives them plenty of wiggle room.

Bottom line, pay up or you're not vacationing there this summer.

Dear Peppertree Atlantic Beach II HOA member, We are pleased to report that the repairs to the stairwells and,decking are underway and on schedule. We plan to have the first set of buildings open at the end of this month and we are still on schedule to have all buildings open prior to the start of the busy summer season.

As we mentioned in our previous communication we were able to obtain financing on the project that will allow us to spread the cost of the repairs over a three year period. This also allows us some flexibility in terms of paying off the loan early or perhaps even refinancing at some point depending on what makes the most sense for the association at the time. But first and foremost, we are looking forward to getting through the current construction schedule and getting everyone back on vacation.

Included herein is the first installment of the special assessment for the project. We have calculated the total assessments for each unit type being $565 for a two bedroom and $392 for a one bedroom. Again, we are projecting to split this assessment up over a 3 year period.

We have worked very hard as a board to determine the best course of action to navigate through a very difficult situation. Although, we understand an assessment is never welcome, we feel like the plan we have agreed on is the best for the ownership in terms of financial impact to our owners and the long-term financial health of the association.

Please note: Your 2016 Maintenance Fee must be paid in full prior to vacationing with us. We will be contacting owners to confirm upcoming reservations as quickly as we can.

Please visit www.festiva.com and log in into the member portal. This information will be updated accordingly.

Respectfully,
Your Board of Directors
Peppertree Atlantic Beach
715 West Fort Macon Road
P .0. Box 1068
Atlantic Beach, N.C. 28512
252-247-5841

 

[Kozman]

Letter and bill arrived today for deck and stairs repair

Here's the text from it which I scanned and did text recognition on, so forgive me if there are typos.

It sounds cheery and optimistic, like they have no clue how ticked off we are about their poor communication.

Overall, this is a small price to pay to get back on track (565 total for 2 BR owners, 392 for 1 BR owners, spread out over 3 years). Still interested in a class action lawsuit though. They don't list specific dates but certainly imply everyone ("ALL BUILDINGS") should be able to use their weeks for the Summer, traditionally Memorial Day start of "busy summer season." Obviously this wording gives them plenty of wiggle room.

Bottom line, pay up or you're not vacationing there this summer.

Dear Peppertree Atlantic Beach II HOA member, We are pleased to report that the repairs to the stairwells and,decking are underway and on schedule. We plan to have the first set of buildings open at the end of this month and we are still on schedule to have all buildings open prior to the start of the busy summer season.

As we mentioned in our previous communication we were able to obtain financing on the project that will allow us to spread the cost of the repairs over a three year period. This also allows us some flexibility in terms of paying off the loan early or perhaps even refinancing at some point depending on what makes the most sense for the association at the time. But first and foremost, we are looking forward to getting through the current construction schedule and getting everyone back on vacation.

Included herein is the first installment of the special assessment for the project. We have calculated the total assessments for each unit type being $565 for a two bedroom and $392 for a one bedroom. Again, we are projecting to split this assessment up over a 3 year period.

We have worked very hard as a board to determine the best course of action to navigate through a very difficult situation. Although, we understand an assessment is never welcome, we feel like the plan we have agreed on is the best for the ownership in terms of financial impact to our owners and the long-term financial health of the association.

Please note: Your 2016 Maintenance Fee must be paid in full prior to vacationing with us. We will be contacting owners to confirm upcoming reservations as quickly as we can.

Please visit www.festiva.com and log in into the member portal. This information will be updated accordingly.

Respectfully,
Your Board of Directors
Peppertree Atlantic Beach
715 West Fort Macon Road
P .0. Box 1068
Atlantic Beach, N.C. 28512
252-247-5841

Thanks for the followup. I like how they infer that the summer vacation folks are more important than the rest of us who pay the same maintenance fee for a less valuable experience. I have already contacted a couple of lawyers regarding my interest in a class action. So, shouldn't we get a breakdown of how much money will be spent and how much will come out of past fees and how about the reserve we are suppose to have? They are not touching that?

 

[allsmiles277]

To hell with the Board ....they are scared of their own shadows by now and are nothing more than vermin.

 

[pedro47]

Thanks for the followup. I like how they infer that the summer vacation folks are more important than the rest of us who pay the same maintenance fee for a less valuable experience. I have already contacted a couple of lawyers regarding my interest in a class action. So, shouldn't we get a breakdown of how much money will be spent and how much will come out of past fees and how about the reserve we are suppose to have? They are not touching that?

Summer weeks are prime time and they can rent them at double or three time the price on The Strand.

 

[Kozman]

Summer weeks are prime time and they can rent them at double or three time the price on The Strand.

Thus the truth! It's all about the money (to them). I'm sure our 'management' company will keep a large portion of it.

 

[NC Air]

Thanks for the followup. I like how they infer that the summer vacation folks are more important than the rest of us who pay the same maintenance fee for a less valuable experience.

just trying to be sure I understand:

you are frustrated that the maintenance fees are the same for each owner, no matter when your week is?

People who bought summer prime time weeks paid more than those who did not. People who bought shoulder season paid less, and people who bought off season paid WAYYY less. People who bought weeks on the resale market paid less than people who bought from Festiva. That's just how it works but there's nothing sinister about it, it's just supply and demand.

Isn't the amount of your maint fee something you knew before you purchased? Not trying to be mean, it just seems like this point has nothing to do with the problem of getting the decks and stairways finished.

 

[allsmiles277]

just trying to be sure I understand:

you are frustrated that the maintenance fees are the same for each owner, no matter when your week is?

People who bought summer prime time weeks paid more than those who did not. People who bought shoulder season paid less, and people who bought off season paid WAYYY less. People who bought weeks on the resale market paid less than people who bought from Festiva. That's just how it works but there's nothing sinister about it, it's just supply and demand.

Isn't the amount of your maint fee something you knew before you purchased? Not trying to be mean, it just seems like this point has nothing to do with the problem of getting the decks and stairways finished.

Well said......look in the mirror

 

[allsmiles277]

Always get in cheap on the front end

Get in cheap on the front end because you know maintenance fees will go up. They never come down. Special assessments are pretty new to me. They can ruin your life if you have several timeshares. Special assessments can be any amount of money. They literally have you by the balls !!! I wish the legal system could put more restrictions on management companies and Boards. The Boards are a bunch of candy asses. They do what the management companies tell them to do. I would not want to be a Board member for Section II at Peppertree Atlantic Beach NC right now. I think they are in hiding. I know the communication has been pathetic and the letters ridiculously vague. The Board and Festiva need to be fired.

 

[Kozman]

Testing 123

 

[Kozman]

Get in cheap on the front end because you know maintenance fees will go up. They never come down. Special assessments are pretty new to me. They can ruin your life if you have several timeshares. Special assessments can be any amount of money. They literally have you by the balls !!! I wish the legal system could put more restrictions on management companies and Boards. The Boards are a bunch of candy asses. They do what the management companies tell them to do. I would not want to be a Board member for Section II at Peppertree Atlantic Beach NC right now. I think they are in hiding. I know the communication has been pathetic and the letters ridiculously vague. The Board and Festiva need to be fired.

Agreed. When will the next election come up. With all the 'trust' points Festiva controls I doubt we'll ever be able to throw them out. But, we can hope can't we. Maybe if enough people are angry enough to gather around an alternate candidate.

 

[Shelleykc]

Ncdoj

If anyone here is interested in filing a formal complaint against Festiva Development and/or its many entities as well as the PAB II, you may do so by visiting the NC Dept of Justice website (ncdoj.gov). You may file online or print out the form to file. I chose the latter as I had so many supporting documents to submit and I wanted to send it directly to the specialist assigned to Peppertree (Ms. Deborah Ahlman). My complaint was mailed yesterday and specifically address their deceptive business practices, violations against the NC Fair Dept Collections Act and the breach of the fiduciary relationship by Festivia Development, Patton Hospitality, Peppertree Atlantic Beach, PAB I HOA, PABII HOA, Zealnadia Capitol and the Peppertree owners. Please take the time to do the same remember, there is strength in numbers.

 

[Iggyearl]

Hats off to Shelly

This is exactly how Festiva needs to be approached. She and people like her are the reason that Festiva has been pursued in 5 different states. The AG has the power to audit their books, and interview affected owners. Every owner should follow her lead.

 

[allsmiles277]

I bet Roy Cooper got a big donation to his campaign from Festiva !!!