Hello all,
I just got home from vacation. I did attend the meeting. Notably the Board President did not attend the meeting. The short version is that John Oakes is interested in heavily investing in Eagle Village in return for the usage rights to our delinquent owner weeks. His company owns the Pocono Park venue nearby and aims to revitalize the area. EV currently manages and attempts to rent out delinquent owner weeks. It is one of the ways we have stayed afloat. He stated his company would be interested in eventually acquiring those weeks but for now the right to manage those weeks (and the revenue) is being negotiated. Each unit and each week is a legal mess when heirs and/or unreachable owners are involved. It could take years to work through. We did not receive a spreadsheet showing current detailed financials so it's hard to say how in the red we are but it is clear without an injection of cash EV will not survive on the current trajectory. John discussed plans to renovate a percentage of units and spruce up all the others while those await further renovations. This plan would allow EV to get back in good graces with RCI in the very near future. Ideally by Spring we'd be reinstated while EV works through the corrective action plan. Many owners spoke up about the lack of communication and failing to return our calls. Stephanie Mills blamed it on staffing not being able to handle the call volume. I complained about the lack of updates to our website and Facebook account because in the modern world you must have an online presence to attract guests and new owners. Stephanie recommended owners email her instead of calling. I emailed her on 2/13 and have yet to receive a reply. Hope this helps.
Thankyou! This is exactly what I thought was happening. John Oakes is NCSC Highland, LLC. They own everything around EV except for the residential The Glen at Tamiment. They even own the lake. I can't stress that enough. They also own on the other side of Bushkill Falls Rd, which would allow them to widen the road with turn lanes. IMO, which is really just a guess, his company will eventually buy out EV and Eagle Point, next door. He is spending big, and we are in the way, and he will not want to wait for years to get his money's worth while our BOD just offers excuses. The real problem is our board, and he probably is way ahead of them. So, he will probably invest in the units close to the recreation center first, and whichever other units are not that bad so he can rent out this year. Watch for ads about EV on Poconos Park website. They already have 3 big venues scheduled this year and more to come. Many current owners are probably in the dark because they have not been on this website. And of course there is no communication from our board. So there will be more delinquent Maintenance fees. But, maybe with his interest in this property, there will be a buyout offered to delinquent owners that will not end in legal forfeitures and credit hits. So, I'm thinking we are seeing the death throes of EV. I'm also thinking John Oakes is hoping for delinquent owners. After all, his company is a Recovery Company that scoops up bad debt. And EV is a bad debt. He is a master at this game.