Forums39
Topics38,594
Posts311,771
Members26,557
|
Most Online2,218 Jan 21st, 2020
|
|
29 registered members (JlarsBVI, xrayman67, SeeDiver, Kevin_B, Todd_Melinda_K, Ackman, SXMBND, pl3, KirkB, Instigator, SXMScubaman, MikeBiondo, MACC60, betsyg, hokiesailor, 14 invisible),
1,303
guests, and 77
spiders. |
Key:
Admin,
Global Mod,
Mod
|
|
|
Flamingo owners meeting today
#195619
05/22/2019 06:32 PM
05/22/2019 06:32 PM
|
Joined: Mar 2009
Posts: 18,728 Auburn, WA
SXMScubaman
OP
Traveler
|
OP
Traveler
Joined: Mar 2009
Posts: 18,728
Auburn, WA
|
Here is a copy and paste by another attendee at the meeting which pretty much sums up the discussions. Tours the studio and 2 bed Villa units that have been done and they looked fantastic. They are also converting that building across from the lobby into an exercise gym. Here is that copy and past: "Here’s a synopsis of the meeting. If you dislike some of the points, please remember that I’m only the messenger❣️
- The board voted to add two new members to the 3 member board. - Jackie Smullen, the incumbent, was re-elected. - Payments are needed to cover insurance and need to build back the reserve. - Irma loss: $57,370,560. Insurance paid to date: $19,843,750. Reconstruction expenses to date: $17,440,157. Insurance is not paid in a lump sum. - Fixed week owners who won’t be able to use their unit(s) due to the late opening [July ‘20 for Flamingo Building 7 and RP/ August ‘20 for Flamingo Villas] will still pay the same MF as everyone else. The MF will be based on a partial year for everyone. When pushed on this, Jackie replied that it’s “the other side” of what happened to her and others who owned post-September when Irma struck. - Although I reminded them that many of us don’t wish to “exchange” for another location in order to use our lost weeks, our only option for not losing them is to join Destination Xchange. The membership fee is $299 for 5 years, she said she has been trying to waive the fees for many who are in this bind. - The exchange weeks can be used at Flamingo and RP, as well as other St. M resorts .... but demand will be high and the owners of those weeks will take precedence. - Mervin listed a number of other resorts on island, exploding why they, too, haven’t reopened (or, in some cases, not fully reopened). As far as those who have reopened and the “doing it right” statement that many of you have questioned, he mentioned that Sonessa Maho has used materials inferior to those being used by DR. He also said that others have “patched up”, which doesn’t bode well for the future. - Reconstruction obstacles: Blue prints had to be created. All supplies and materials must be imported. Skilled labor is not readily available on the island .... foreign workers are needed .... this must be processed through the local labor department .... the worker permits process is time-consuming .... not following the process could jeopardize the project. - Mervin acknowledged that they haven’t provided updates as frequently as they would have liked, but there will now be updates every 2 months. - The breakdown of funds sources: 27% from fixed week owners; 63% from points owners; 10% from the DR Club - When owners give back their weeks and DR takes over the units, DR will pay the MF for what they own."
|
|
|
Re: Flamingo owners meeting today
[Re: SXMScubaman]
#195632
05/22/2019 08:36 PM
05/22/2019 08:36 PM
|
Joined: Aug 2000
Posts: 82,724 Central Florida!
Carol_Hill
Traveler
|
Traveler
Joined: Aug 2000
Posts: 82,724
Central Florida!
|
Looks like standard Diamond BS..
How many workers can you see working at Flamingo and Royal Palm??
Carol Hill
|
|
|
|