Poobah
TUG Member
The VOA/AOAO Annual Meeting was held yesterday at the Hyatt. Three new board members were elected, only one of which was a DRI employee.
For the most part the meetings went smoothly, but went a little long. There was only one presentation that was totally irrelevant and that was a thinly disguised sales and marketing pitch for THE Club at the VOA Meeting. Most of the attendees were deeded owners, there were just a handfull of Club Members. IMHO, a waste of owner's time.
Some interesting stats were that 63% of the owners are deeded, the remaining 37% are in some way shape or form controlled by DRI. The problem is of course that DRI votes as a block, so controls most everything.
The bulk of the AOAO Meeting was spent on the water intrusion briefing. There was nothing new; same brief that is on the website. There were some good questions about the type of contract, most of which were deflected by Ms. Riddle. The best dance performance was the answer to a question regarding any additional liabilites beyond the $65M. The correct answer was "Yes" there could be additional costs that would be picked up by the owners, including DRI. Instead we heard about the built in contingencies (10%) and how DRI was controlling inflation, pre-buying when possible, etc.
As I said her answer should have been, "Yes, there is always is that possiblity and here are the steps we have taken to lessen the risk......"
The meeting was run by Ms. Riddle and then taken over by Mr. Goeckel. Your Boards were allowed to call the meeting to order and to adjourn the meetings. Other than that, the Boards did not participate in either meeting.
One thing that struck me was that the organizational lines of who does what to whom are very blurry and I think that is left that way for a good reason; you don't know where to direct your question, nor make "suggestions for improvement."
One thing that came out of the meeting was that if you are an owner you need to get on the HOA Website on a regular basis to see what has been posted. It was clear that DRI has no intent to send out "blasts" telling you, for instance, that the minutes of the last VOA meeting have been posted; it is up to you to find out.
It is still clear in my mind, that DRI still doesn't get it. They keep dwelling on how well they manage the resort, how thorough their contracting approach was, etc. That is not the issue; the issue is their "attitude" toward the deed owners. That question was brought up, but they moved on quickly. The conflicts will continue (COPP, lawsuits, etc.) until they reach out to the deeded owners.
Cheers,
Paul
For the most part the meetings went smoothly, but went a little long. There was only one presentation that was totally irrelevant and that was a thinly disguised sales and marketing pitch for THE Club at the VOA Meeting. Most of the attendees were deeded owners, there were just a handfull of Club Members. IMHO, a waste of owner's time.
Some interesting stats were that 63% of the owners are deeded, the remaining 37% are in some way shape or form controlled by DRI. The problem is of course that DRI votes as a block, so controls most everything.
The bulk of the AOAO Meeting was spent on the water intrusion briefing. There was nothing new; same brief that is on the website. There were some good questions about the type of contract, most of which were deflected by Ms. Riddle. The best dance performance was the answer to a question regarding any additional liabilites beyond the $65M. The correct answer was "Yes" there could be additional costs that would be picked up by the owners, including DRI. Instead we heard about the built in contingencies (10%) and how DRI was controlling inflation, pre-buying when possible, etc.
As I said her answer should have been, "Yes, there is always is that possiblity and here are the steps we have taken to lessen the risk......"
The meeting was run by Ms. Riddle and then taken over by Mr. Goeckel. Your Boards were allowed to call the meeting to order and to adjourn the meetings. Other than that, the Boards did not participate in either meeting.
One thing that struck me was that the organizational lines of who does what to whom are very blurry and I think that is left that way for a good reason; you don't know where to direct your question, nor make "suggestions for improvement."
One thing that came out of the meeting was that if you are an owner you need to get on the HOA Website on a regular basis to see what has been posted. It was clear that DRI has no intent to send out "blasts" telling you, for instance, that the minutes of the last VOA meeting have been posted; it is up to you to find out.
It is still clear in my mind, that DRI still doesn't get it. They keep dwelling on how well they manage the resort, how thorough their contracting approach was, etc. That is not the issue; the issue is their "attitude" toward the deed owners. That question was brought up, but they moved on quickly. The conflicts will continue (COPP, lawsuits, etc.) until they reach out to the deeded owners.
Cheers,
Paul
