(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.
April 24, 2017
Dear Village Pointe Owners,
On April 8, 2017, your Board met for the first meeting of this calendar year. A lot has changed since the end of 2016. Wyndham Pagosa has a new General Manager, Cheryl Shipe joined the team last year and has made an immediate impact on all of the Associations. Along with the staff improvements, we have seen much improved ratings in guest satisfaction, guest services, unit maintenance, and Resort hospitality in general. In Housekeeping, Wyndham Corporate remains with MasterCorp, but with much improved status monitoring by the Property Management staff at all levels. Agreements between Wyndham and MasterCorp will be strictly adhered too. We expect to see improved ratings in unit housekeeping. For the first time in quite awhile, the Resort has full staffing in most areas. With sadness we have lost our Maintenance Manager, Dean Miller, due to health concerns. In the interim, Dean has been replaced by Todd Prichard and Will McKown until a new Maintenance Manager is recruited. The team is currently wrapping up some security projects and doing ongoing unit blitzes. Housekeeping is coordinating deep cleans and carpet cleans with the Maintenance preventive maintenance program. In addition, Management Team is supporting Housekeeping by doing inspections in units before and after guests arrive and depart.
An engineering firm has been retained to review the lakeshore erosion and ground water issues and will arrive on site in May 2017. Our Resort wide signage replacement is scheduled to be completed by fall. We hope you will like it when you visit and welcome your comments.
Financially, the year 2016 did not end as expected. Village Pointe operating fund balance at the beginning of year 2017 was reported with a deficit of $189,371. This was due primarily to bad debt and, in some cases, under budgeting brought about by unforeseen increases in services rendered. This has happened in the past and has been covered throughout the year by completed foreclosures that immediately bring maintenance fee revenue to operating capital, as well as ownership fees coming in throughout the year. We anticipate making up this deficit during the rest of the year. We meet again in August and will assess the operating funds at that time. In the meantime, I will periodically check with Property Management on the status of our operating account.
So far, this calendar year, we have a 91% Maintenance fee collection rate with $1,308,425.92 collected out of $1,439,260.80 billed which puts us in good shape for alleviating some of this year's deficit. We also anticipate more foreclosures to be completed throughout the year that will add additional revenue to the operating account. Our agreement with Wyndham Club Access continues to help us reduce our bad debt.
Our reserve account remains strong. As of February 2017, our account is $911,456 with the anticipation of receiving an additional $175,010 by years' end, giving us a total of $1,086,466. Your Board has approved $28,807 for projects in 2017 leaving us $1,057,659. We anticipate additional reserve funds to be allocated this year for other projects under discussion and pricing with Property Management.
Our foreclosure report, as of February 2017, shows a total of 337 accounts submitted for processing to date, of which 145 accounts successfully completed foreclosure with 2017 maintenance fees paid. In addition, 18 accounts have brought current with fees paid.
For any owners who desire to exit their timeshares in Village Pointe, Wyndham has instituted a program called Ovation which provides you a way of deeding back your weeks or points to Wyndham for resale through Worldmark. Please remember that this option affords you a means of accomplishing deed transfer outside of selling.
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. As your Board President, I can be reached via email at email@example.com and Property Management can be reached at 1 (970) 731-8042. Management will direct your comments or questions to the proper staff department.
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.