Elk Run

Elk Run

Master's Place:
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(7101-7118)
Friday Arrival (1295 sq.ft.)
Two bedroom, sleeps 6 with King bed in Master bedroom, 2 twins in guest bedroom and standard sofa bed in living room.
Split level unit with stairs. Full kitchen, washer/dryer, gas fireplace and Jacuzzi tub in master bathroom.

Handicapped Access Elk Run offers one (1) Handicapped Unit. For specific information on each Handicapped Unit, please call 970-731-8006.

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Elk Run

November 1, 2017

Dear Elk Run Owners,

It is time again to provide you with an update on recent Elk Run Board activity. On September 25, 2017, your Board met for a budget meeting in Pagosa Springs. All three Board members were present for this meeting.

Currently we are tracking the following financials as of August 31, 2017.

Collections:

  • • Billed $670,870.00 maintenance fees for 2017, with $636,666.79 (95%) collected and a balance of $29,823.21 (04%) past due. $4,380.00 (1%) adjustment.
  • • Outstanding - $114,227.21 for current and past years.
  • • Reserves – $387,545.00

Delinquencies

We continue to turn over all non-maintenance fee paying owners to Wyndham collections. For those owners which are one year behind, foreclosure proceedings will start. This Board signed an agreement with Wyndham, Inc. to handle foreclosure processing and transfer of deeds or ownerships.

Rentals

We signed an agreement with Wyndham Extra Holidays to rent non-paying owner weeks and during foreclosure. As of August 31, 2017 we have received $7,946.00 in rental income. Rental income will continue to decrease as fewer foreclosures come into the pipe line.

2018 Maintenance Fee

Based on the budget presented, this Board approved a (4.11%) increase to $760.00 per interval week. The increase from 2016 to 2017 was 5.95%, we are pleased with this smaller increase.

Projects

We are requesting bids to address foundation and crawl space issues regarding removal of ground water as we need to update our current system. We are also requesting bids to address some minor roof issues and include an annual roof inspection.

As always, it is our pleasure to serve you our valued owners. If you have concerns you wish addressed at future board meetings, e-mail me at sblea8636@msn.com or I may be reached at (505) 249-6933 or property management at 1-800-731-4123. We will meet next at our regular meeting scheduled for Friday, May 4, 2018 at 9:00 AM followed by our annual meeting at 11:00 AM in Pagosa Springs.

[ Review the current financials here. ]

Respectfully,

Steven Blea – President
Kenneth Oliver – Vice President
LuAnn Blea – Secretary/Treasurer

ELK RUN PROPERTY OWNERS ASSOCIATION, INC.
BOARD OF DIRECTORS

P.O. Box 4040
Pagosa Springs, CO 81147

  • Steven Blea - President
    Term Expires: 08/2019
  • Kenneth Oliver - Vice President
    Term Expires: 08/2018
  • LuAnn Blea – Secretary/Treasurer
    Term Expires: 08/2020





  • Regular/Annual
    Friday, May 4, 2018 at 9:00 AM
  • Budget Workshop
    Tuesday, September 11, 2018 at 10:00 AM
  • Regular/Budget
    Tuesday, September 18, 2018 at 9:00 AM

Owners are welcome to attend any of the Board of Directors meetings.
Owners are encouraged to attend the Annual Meeting. If you cannot attend please cast your vote by mail for the Director election and return your proxy.

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