Summer Bay Desert Club Deeds?

[Art4th]

We received ours today! It feels good to finally have it in our hands.

The numbers discrepancy...are the rental units owned by the resort just for rental? Maybe that accounts for the extra units.

Art

 

[roadtriper]

We received ours today! It feels good to finally have it in our hands.

The numbers discrepancy...are the rental units owned by the resort just for rental? Maybe that accounts for the extra units.

Art

Art might be onto something here... but something still doesn't add up.
I went back and checked some of my notes the number 520 was mentioned at the June meeting as the number of Gold Crown units planned in the renovation leaving an excess of 138 units that I believe the were owned by the HOA and being sold to Summer Bay Mgmt for a certian agreed on price. and that Summer bay was going to renovate these units as they were needed for new inventory as they sold units.
the 520 works out to the 26,520 intervals figuring 51 weeks a year (i for maint) as Sandy pointed out. BUT... the other inventory (138) is as I understand it going to be part of the whole complex so the intervals should be 1/33,558th ??? if the 138 units have been somehow devided out from the whole pie. then their intervals will be 1/ 7038th of what??? Sandy is correct something doesn't make sense? RT

 

[roadtriper]

Art might be onto something here... but something still doesn't add up.
I went back and checked some of my notes the number 520 was mentioned at the June meeting as the number of Gold Crown units planned in the renovation leaving an excess of 138 units that I believe the were owned by the HOA and being sold to Summer Bay Mgmt for a certian agreed on price. and that Summer bay was going to renovate these units as they were needed for new inventory as they sold units.
the 520 works out to the 26,520 intervals figuring 51 weeks a year (i for maint) as Sandy pointed out. BUT... the other inventory (138) is as I understand it going to be part of the whole complex so the intervals should be 1/33,558th ??? if the 138 units have been somehow devided out from the whole pie. then their intervals will be 1/ 7038th of what??? Sandy is correct something doesn't make sense? RT

OK, I have confirmation from a boardmember that the deeds are based on the 520 units. the 138 units are "Developer" units and are not considered part of the timeshare. they will be phased in at a later date. they will be used as rental income till then as Art suspected. not sure how the 138 units will be handled as they are phased in? I guess time will tell. RT

 

[ms.hoffman]

New Summer Bay

Not sure if anyone has already posted this but the new Summer Bay is already very operational! We used RCI to get my fiances dad a place there when he came out from Guam at the begining of this month. The check in desk is still located in an actual unit and the club houses were finished yet but it looks really nice!

They had a 2 bedroom unit above (2 stories above) the check in unit and everything was granite and there were 3 45" or so flat panel tv's. They were only supposed to have that unit for the first week and then have to switch into a 1 bedroom (supposedly they were sold out of 2 bedrooms for the following weekend) but the window in the 2nd bedroom leaked really, really bad when it snowed so they upgraded the rest of their stay to a 2 bedroom across the hall.

 

[anne1125]

So, when we get our deed it should show our upgrade from a 1 bedroom to a 2 since we won the lottery, right?

Do we need to send RCI a copy of this so they can list our unit correctly or if we deposit our unit will we call for a reservation to be deposited with RCI and they will let RCI know of the upgrade?

When will we be listed as gold crown?

Anne

 

[Sandy VDH]

So did they create a Summer Bay Desert Club 1 was the 520 units from the previous location. Did they then create a NEW Summer Bay Desert Club II which is a seperate HOA? If so what common structures are we paying for versus what the other developer owned HOA paying for?

So our HOA does not control the whole new location. Interesting, was it suppose to work that way.

 

[roadtriper]

So did they create a Summer Bay Desert Club 1 was the 520 units from the previous location. Did they then create a NEW Summer Bay Desert Club II which is a seperate HOA? If so what common structures are we paying for versus what the other developer owned HOA paying for?

So our HOA does not control the whole new location. Interesting, was it suppose to work that way.

Sandy, I don't think it's going to work out that way. I've never heard anything that would indicate anything but one common resort. this numbers thing has confused the issue,not sure how they are going to do it? I'll keep digging and asking questions. Bob

 

[Sandy VDH]

Thanks for digging Bob. Maybe you can get some answers. Because at this point I think they might have a pickle.

Either they created a second HOA but didn't tell us, and we are paying for everything in our HOA even though we don't own everything OR they are going to have to redeed everyone. What other scenario is possible?

If the HOA owns the whole resort then each unit should own 1/34558th of the resort. But right now, according to my deed I own ever so slightly more than that.

Right now the split is the developer own 21% of the units and we own collectively 79% of the units. I guess we have a different understanding of what that gets calculated

 

[jmsmom]

I really miss James Reach about now.



Has anyone deposited their week since the switch to the new resort? I'm wondering if they trade any less poopy than before.

 

[M&JJ]

Still waiting

Are there many people still waiting to receive the new deeds? I feel like I must be the only one left. I would sure like to get this out of the way.

Going to stay at the new property next week. I can't wait to see what we have gotten into.

 

[roadtriper]

Are there many people still waiting to receive the new deeds? I feel like I must be the only one left. I would sure like to get this out of the way.

Going to stay at the new property next week. I can't wait to see what we have gotten into.

Yes, I am still waiting for my deeds as I'm sure many others are also. mine still haven't been recorded yet. one that I'm part owner of has been recorded but no sign of the deed yet. please report back on your opinions of the new property. I was there in early Nov. they still had/have a long way to go. But I was impressed with what was happening. did you own/stay at the old resort? RT

 

[eschjw]

New Year's week at Desert Cub

please report back on your opinions of the new property. I was there in early Nov. they still had/have a long way to go. But I was impressed with what was happening. did you own/stay at the old resort? RT

I just got back from spending the week. I own a 1 bedroom deluxe and have stayed a couple of times at the old location. I liked how close we were to the Flamingo in the old Villas section and used the private elevator to the Flamingo a lot. The new resort is a long block away from that location. We rented a car and I was glad that we did. It is still a good location and a good spot to have as a home base. We drove to the casinos and it worked out fine except New Year's Eve when we returned from Fergie's party at the Venetian. It would have been much faster to walk the two or three blocks.

There is a lot of work going on around the resort but it was not that noisy while I was there. On New Year's Eve morning the entire resort lost water because of a problem with a water main. On Saturday 1/3/09 they called and said that the water was going to be shut off for an emergency repair at noon and it was back on when I returned at 3:00. Another morning one of the landscaping sprinkler heads came off and water was shooting up almost to the top of one of the buildings. I was told that most of the water lines are being replaced.

The Sales Center building has not yet been started. The check in, concierge and sales are located in apartment buildings until the club house renovations and Sales Center are completed. On my update/sales tour I was also told the club house will contain a restaurant. I checked out a 2 bedroom on the tour and it really looked great. I was told that one 2 bedroom could be had for $40,000 or two for $60,000. Wow at these prices the remaining units will probably not last long. :hysterical:

The insides of condos look just like the pictures and are furnished nicely. They all have new GE appliances and my unit had a 50" plasma in the living room and a 42" plasma in the bedroom. There were no DVD's players in the units that I saw but they have been ordered and are due in soon. If you have a laptop be sure to bring it, because at least for now the wireless connection is free. When all the work is completed this will look like a real resort.

There is a problem with noise that I don't think they can fix. I was amazed at the creaking sounds from the people walking around above us and the loud jet like sounds when they turned on the water for their tub before they changed it to shower. If you can stand the steps, you might want to try a third floor room.

 

[anne1125]

We still don't have our deed. I emailed someone named Tanya and she said they are backed up but should be done by the end of January.

Hope so, I'm anxious to be a 2 bedroom gold crown.

Anne

 

[roadtriper]

answers to some questions

OK, I think I have some answers to some of the questions that we have been raising. after some doing I finaly was able to obtain a copy of the CC&R's for the new resort. "Phase 1" the initial phase of the project consists of 510 units, and everything in the resort except for buildings #4 #6 #9 and #20 which are the (138) units held by the developer for future development. the 4 buildings are scattered around the complex and it states in the documents that they will be used for timeshares only. as a future phase(s) are released those deeds will show a fractional representation equal to the number of units in that phase i.e. if there are 100 units X 52 weeks an annual owner in that phase would show a 1/5200 on their deed, any Bienial ownerships would show 1/10,400. as new timeshares are sold in future phases those owners become members of the association as are all owners. and the number of units/intervals at the Desert Club increases.All the "Common Areas" are owned by the Association, One HOA, One Resort.

Phase 1 consists of (510)units that break down as folows (117) one bedroom units, (152) 1 bedroom deluxe units, (160) 2 bedroom units, (72) 2 bedroom deluxe units, and (9) 2 bedroom Lock-off units.

Fellow owners, please PM me if you would like a copy of the CC&R's RT

 

[anne1125]

Thanks, RT. That makes sense.

We are showing as recorded in Clark County but have not yet received our deed.

We will be trading 2010 and go in 2011.

I wonder when rci will give the new gold crown rating? Look forward to seeing if it trades like my Sedona Springs (wow).

Anne

 

[Sandy VDH]

OK, I think I have some answers to some of the questions that we have been raising. after some doing I finaly was able to obtain a copy of the CC&R's for the new resort. "Phase 1" the initial phase of the project consists of 510 units, and everything in the resort except for buildings #4 #6 #9 and #20 which are the (138) units held by the developer for future development. the 4 buildings are scattered around the complex and it states in the documents that they will be used for timeshares only. as a future phase(s) are released those deeds will show a fractional representation equal to the number of units in that phase.

I knew it had to be phased somehow otherwise they would have to rewrite everyone's deed again. What I am not sure about is why they even had to bother with the phasing in the first place. What legal purpose does it serve. It just makes me a little suspicious that is was done to manipulate MFs and who contributes to the expenses of the common areas. So basically until the developers sells all the units in a new phase they don't pay any of the common area fee. Why else would they do it that way, especially if everything is truely one HOA.

 

[stevedmatt]

Does everyone have there deeds? My purchase dated May of last year still has not been completed. I'm pretty sure this is due to my closing company as I was under the impression that all the original owners deeds have been transferred.

 

[roadtriper]

Does everyone have there deeds? My purchase dated May of last year still has not been completed. I'm pretty sure this is due to my closing company as I was under the impression that all the original owners deeds have been transferred.

I'm still waiting for my deeds to show up. one was sent to me but they had made an error on it and it is being corrected. the other 3 show that they have been transfered by the recorders office. but I still do not have the physical copies in my possesion yet. RT

 

[stevedmatt]

I'm still waiting for my deeds to show up. one was sent to me but they had made an error on it and it is being corrected. the other 3 show that they have been transfered by the recorders office. but I still do not have the physical copies in my possesion yet. RT

Thanks. I thought this was supposed to be done by now. After the seller receives the deed, it still needs to be transferred to me.

A almost wish I could get out of this sale as I could now pick up a 2BR that has been transferred to points already for about the same price.

 

[abdibile]

I bought in April last year and the Desert Club deed of my seller has not yet recorded, so it could not be transfered into my name yet.

I have no clue how many they have recorded yet, no communication anymore from my Summer Bay contact that told me they should be done in March last time I heard from her.

 

[M&JJ]

Still waiting

I see on the Clark County website that my deed was registered on March 5th 2009. I still haven't seen anything. Not only does it take awhile for the registration process to be completed. Add to that the significant time frame to have the final deed sent out.