November 1, 2011

Our Eagle's Loft Board of Directors has to reluctantly announce an increase of $87.00 per year in our maintenance fees. The fees will increase from $675.00 to $762.00 for the calendar year 2012. The elected board of directors tries hard to balance the control of expense with the need to maintain a quality resort experience for the owners to enjoy. We review each line item in the budget, and alternatives are sought in order to keep expenses as low as possible.

Wyndham has made the decision to market a vacation product called Club Wyndham Access. Basically, as I understand, Wyndham will sell units, and as they are sold, each association will receive the proper allocation of maintenance fees. That should help us to keep our increases in maintenance fees at a lower level. I am confident that this will help the overall resort.

In the early part of 2011, Eagle's Loft completed our planned refurbishment of all 56 units. The upgraded units look really nice with a new shower including a modern glass door, and hard tile floors in baths, entry and kitchen. We were able to purchase Granite tops for the kitchen cabinets at a cost only slightly more than Formica, which is a nice upgrade. The entire unit was painted, and new front doors were added. The appearance of the units was improved, and the improvement in our resort satisfaction scores was noted.

Our next planned refurbishment will include new beds and bedding, window treatments, furniture and a flat screen TV for the living room.

The board hopes the ownership is aware of the improvements that have been made and that your vacation plans include spending your week in our great resort.

Leo Padgett

President
Eagle's Loft POA
Leo-padgett@att.net