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YOUR BOARD MEMBERS ARE: PRESIDENT: CHRIS COUSINEAU VICE PRESIDENT: BOB TONEY SECRETARY: DAVID WEETER DIRECTOR: RAY WOLFE DIRECTOR: DON MITCHELL |
THE 2010 BOARD MEETINGS WILL BE: MAY 20TH 6:00 PM (TELEPHONE CONFERENCE), AUGUST 19TH 9:00AM, OCTOBER 14TH 10:AM |
| President’s Message 2-10 It’s been a cold winter on Ft. Myers Beach. Temperatures have dipped as low as the 30’s. Of course, the beach “cold” and the northern cold are totally different. At Windward, the pool is warm, the spa is hot, and the vacationers still wear shorts on the coldest of days. And, of course, there’s no snow, the sun is out and the cold doesn’t last. We may have lost some of the vegetation due to a couple of nights of frost; we should know for sure in about a month. The Board of Directors met on February 4, 2010. It was wonderful sharing many good ideas with a room full of owners! Thank you to all who took time out of their vacation to join us. Highlights of the meeting follow: • Our preliminary (the annual audit will be finalized by May) financial position at year-end 2009 was good. • We projected a net loss of $9,408 but had a net loss of $13,759. The loss resulted from the carry over of income from 2008 of $9,408 and excess expense related to delinquencies and foreclosure. Operating expenses were less than budgeted. • We had a positive cash flow at year end of about $29,000. We planned on this being available for use in 2010 and is one reason why the 2010 maintenance fee did not increase. • We budgeted a year end reserve balance at $592,395 but ended with a balance of $646,120. • We budgeted a collection rate of 99.5% but had a collection rate of 98.13% • Total occupancy for the year was 77%, 2% higher than in 2008. • Some of the projects we discussed included: • Klaus is obtaining bids to replace the barbeque grills or build a permanent structure with grill inserts. The Board will review the proposals at our May meeting. • We held lengthy discussion regarding updating the living rooms of the one-bedroom, beach front units. Klaus will continue to solicit owner opinions. Some of the areas we talked about included: • removing the mirrors on one wall and adding drywall and a large picture, • adding a piece of furniture with drawers, like a cabinet or dresser, and a mirror and removing the telephone shelf, • installing flat screen televisions on the wall. • Although we already approved replacing televisions in the one-bedroom, beach front units with flat screen TVs mounted on a wall on an as needed basis, we discussed replacing televisions with flat screen TVs sooner. Klaus will obtain bids. • We discussed replacing the sleeper sofas sooner than planned. Klaus will research obtaining the same or similar material and get bids for a new type of sleeper that will allow for more comfortable usage. • Living room and bedroom lamps are being replaced as needed. • Dining room tables will be replaced in the two bedroom units as needed. • Bedspreads will be replaced as needed. • Klaus is researching beach front roof replacement options for further discussion by the Board. • The Board approved installation of a Wi-Fi system including 24-7 support. This should be installed in February and will allow high speed internet access throughout the resort. Thank you to Klaus for his work in this area up to now. • The Board discussed issues related to the differences between the one and two bedroom maintenance fees and how property taxes are allocated among owners. • Existing policies regarding parking of trailers, boats, etc. will not change with the Resort Manager continuing to make determinations as to dedicated parking areas based on seasonal availability. As always, we welcome your suggestions and comments! Sincerely, Chris Cousineau, President, on behalf of your Board of Directors ********************PLEASE NOTE********************* ***This page is updated after each Board meeting. ***Other pictures and project information are added or changed at least quarterly. ***CHECK OUT THIS SITE AS OFTEN AS YOU LIKE*** The next meetings are scheduled as follows: • May 20, 2010, teleconference meeting at 6:00 p.m. The meeting originates at the resort. • August 19, 2010, at the resort at 9:00 a.m. Budget Workshop • October 14, 2010, at the resort at 10:00 a.m. Annual Meeting with Board meeting afterwards. We hope to see you at a meeting. |
| !!!!!!!!!!!!!!Important Message!!!!!!!!!!!!!!! As of today , 2-17-2010, Windward Passage Resort has a new WIFI system, that allows you to receive FREE wireless internet throughout the whole resort at fast speed. With that change we also are changing our email addresses. windwardpassage@embarqmail.com is replaced by office@windwardpassage.us windwardmanager@embarqmail.com is replaced by manager@windwardpassage.us The old addresses will work for a couple of weeks, until the Embarq account is cancelled. |