(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.
August 15, 2017
Dear Village Pointe Owners,
On August 12, 2017, your board met for our second quarterly meeting and Annual membership meeting. We have had one change in the property management staff since our last meeting. We are pleased to let you know that we now have what I hope will be a long-term Chief Maintenance Engineer. Alicia Artese has been promoted to this most critical position from Pagosa Wyndham supervisor of the maintenance Inventory. We are also pleased to announce that Jackie Hubbs has been promoted to take the place of Alicia. Jackie has been with the Maintenance Inventory process serving under Alicia and is thoroughly knowledgeable of this position. We cannot emphasize enough the criticality of unit maintenance to our resort ratings and trading power. We welcome you both and look forward to working with you for a long time to come. Wyndham Corporate has rolled out a new web site called Club Wyndham. You can visit and register at URL www.myclubwyndham.com. Check it out and give us your feedback. Property management has ordered a fountain to be placed between Mountain Meadows and Eagle's Loft to keep the lake clean and reduce insect population. An additional fountain will be ordered and placed in the middle of Eagle's Loft for the same purpose. These fountains will be attractive additions to the resort. Property management is also making headway on the Lake Erosion and Stormwater Management Project. A report should be ready for review at the President's meeting in September. The sales and activities reception tent has been removed from the front entrance of the resort to behind the activities building to let both sales and activities have advantage of it. Our resort wide signage project has been slowed due to the need for a signage master plan to be submitted to Archuleta County and the PLPOA.
Financially, we are still working to clear the operating budget deficit reported to you in my last letter. We have made progress to date, reducing the deficit by $4090. Clearing this deficit may be long term, but hopefully by this years end the operating budget will balance out. As in the past, these deficits have been offset through our foreclosures, and better budgeting year to year. Therefore, your board and property management will work hard during next year's budget planning at our late September budget meeting. Completed foreclosures that bring immediate maintenance fee revenue to operating capital, plus maintenance fee collections throughout the rest of this year will continue will continue toward our deficit.
So far, this year our percentage of maintenance fee collections is at 94%, slightly better than when we met in April, with $1,359,983.95 collected from 1,439,260.80 billed. This collection rate so far is significant to reducing our operating deficit, but better next year budgeting and hopefully increased foreclosures are needed. In addition, owners need to be made aware of the Wyndham Ovation Program that allows delinquent owners to possibly deed back their ownership to Wyndham thereby increasing our operating capital. I have asked property management to explore ways of getting this program out to our delinquent account owners to give them a better option of reliving their debt.
As of June 30, 2017, our reserve account remains strong at $983,709 with additional monies anticipated before years end, projecting a reserve account balance of approximately $1,091,586. This leaves us with adequate reserve funds to do further interior upgrades to our A-side bathrooms and front entryways. Other projects are also under discussion for next year with decisions expected at our September budget meeting.
Our latest foreclosure report as June 30, 2017, shows a total of 341 accounts submitted for processing, with 32 accounts on hold awaiting various determinations, 19 accounts brought current, 98 accounts completed through deeds in lieu, 165 accounts completed through foreclosure, and 25 accounts in 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 firstname.lastname@example.org and Property Management can be reached at 1 (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, August 12, 2017 at 9:00 a.m.
Saturday, August 12, 2017 at 11:00 a.m.
- Budget Workshop
Friday, September 15, 2017 at 9:00 a.m.
Saturday, September 30, 2017 at 9:00 a.m.
Saturday, April 7, 2018 at 9:00 a.m.
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.