(Both A & B side-1171 sq. ft.)
One bedroom, sleeps 4 with King bed in bedroom and sofa bed in living room. Full kitchen, washer/dryer, and Jacuzzi.
One bedroom, sleeps 4 with queen in bedroom and sofa bed in living room. Full kitchen and small dining room table, washer/dryer. This unit is very small for 4 adults. This unit DOES NOT offer a Jacuzzi tub.
Village Pointe offers two (2) Handicapped Units. For specific information on each Handicapped Unit, please call 970-731-8006.
November 28, 2017
Dear Village Pointe Owners,
On September 30, 2017, your Board met to establish and approve the 2018 budget for Village Pointe. As reported to you in my last letter, Wyndham has competed its rollout of their new Owner Website. There have been some glitches with the rollout that are being fixed when found. Your support in this endeavor would be greatly appreciated. Please visit the website at www.myclubwydham.com.
I am pleased to announce Alicia Artese has been promoted to the position of Chief Engineer with the Resort Maintenance Department. Alicia has an extensive facilities management background and will contribute immensely to the maintenance leadership. In addition, Chris Hamilton has joined the Wyndham Resort Management team as the Evening Night Manager. Chris comes to Wyndham Pagosa with many years of experience in resort hospitality that will help enhance Guest Services.
Other projects being done resort wide include the purchase of lake fountains to improve the health of the lake and reduce the insect population. As reported to you in my last letter, these fountains will be placed at the lake inlet between Mountain Meadows and Eagle's Loft. Another will be placed at the Eagle's Loft inlet. Several other resort wide projects are in the mill or will be completed by the time you receive my letter to improve guest satisfaction. These include mini-golf turf replacement, basketball hoop installation and the placement of a life -size chess and checkers area in the front of the resort entrance for guest enjoyment.
We have discussed our lake front erosion problem which, if not fixed, could result in the loss of our land at the edge of the lake and our Village Pointe buildings. A study of this issue has been done for all resort associations facing the lake. The project will also include the purchase and installation of sump pumps under our buildings crawl spaces. Your Board has ear marked funds for this project. Final approval of this expenditure will be decided once the engineers complete a survey and provide cost analysis of our actual cost.
The resort wide project to standardize the associations resort signage is on hold until the Wyndham Corporate business split is complete and a Signage Master Plan has been submitted to Archuleta County and the Pagosa Lakes Property Owners Association.
We continue to work toward reducing our operating budget deficit. Through our foreclosure agreement, rentals and cost savings efforts we hope to make some progress in reducing our bad debt by years end. The foreclosures have been the key to significant deficit reduction.
As of the end of September 2017, the percentage of maintenance fee collections is 95%, up a point from this time last year. Last year, in my Presidents letter, I introduced those struggling to pay their maintenance fees to the Wyndham Ovation Program that allows delinquent owners a pathway to deeding their ownership to Wyndham. In addition, you may call (800) 210-1477 to make payment arrangements for your annual maintenance fee.
Your maintenance fees for next year will increase by 6.58% over 2017's fee. Our goal remains to continue working hard toward reducing our deficit so that future increase will hold steady at around 3 to 3.5 %. The 2018 Budget is included in this packet.
We are continuing to build our reserve account and anticipate ending 2017 with a $1,500,000 reserve fund balance. This account will allow us to pay for the Lake Shore Erosion project, as well as other planned projects to improve the unit's condition.
Our foreclosure report as of August 31, 2017 shows a total of 376 accounts submitted for processing, with 35 accounts on hold awaiting determinations, 19 accounts brought current by owner, same as my last report, 100 accounts received through deed in lieu, 165 accounts brought current through foreclosure, and 55 accounts in the foreclosure process.
As always, your Board remains committed to sustaining the value of your timeshare property. We are available to you for any comments you might have for Board and Property Management consideration. Your Board President can be reached via E-Mail at email@example.com and Property Management can be reached at (970) 731-8042. Management will direct your comments or questions to the proper staff agency.
Village Pointe, President
TEAL LANDING PROPERTY OWNERS ASSOCIATION, INC.
BOARD OF DIRECTORS
P.O. Box 4040
Pagosa Springs, CO 81147
- Larry Fuller - President
Term Expires: 08/2019
- Charles Neumann – Vice President
Term Expires: 08/2018
- George Lewis – Secretary/Treasurer
Term Expires: 08/2017
Saturday, April 7, 2018 at 9:00 AM
Saturday, August 11, 2018 at 9:00 AM
- Budget Workshop
Thursdat, September 13, 2018 at 9:00 AM - Teleconference
Saturday, September 29, 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.