Who decides what the MF's are each year for each Wyndham resort?

[scottmindib]

Hey everyone,

I was just wondering something about my MF's for 2009 at my Wyndham resort that I just bought. I just bought 154K at New Burn Harbour in NC at the Sandcastle Village II and was wondering what my 2009 MF's were going to be for next year. Who decides your yearly MF's at your resort and how do they come to that? Also, I am under the assumption that your MF's include your TCI membership, is that correct? Thanks for the help,

Scott

 

[garmich]

The MF's are set annually by the Board of Directors at your home resort. They develop a budget for the year based on projected operational expenses, property maintenance and replacement reserves. The total amonut that you pay is based on the amount of points that you own. The MF is based on a "cost per 1000 points". For example, if you own 154k points and your resort's MF is $4.00 per 1000 points, your monthly MF would be (154 x 4)/12 = $51.33. If you have biennial points, then your monthly MF would be half of that amount.

 

[ausman]

The MF's are set annually by the Board of Directors at your home resort. They develop a budget for the year based on projected operational expenses, property maintenance and replacement reserves.

In the case of Harbour Sandcastle units, it looks like they are converted weeks and all owners would pay the same MF's, which in 2008 was $540. As a FSP owner added to that is the FSP fee which if you bought resale would approximate $87 in 2008 for a total of fees of $627.

I haven't seen a report of 2009 MF's for there yet. The use of a weeks RCI account is included in the above figures.