This is not new news if your an owner with a valid mailing address but just more of a remainder for the May 2nd association meeting.
Dear Fellow MGL Owners,
Your Board of Directors just had our first quarterly meeting since our memorable annual meeting in November. Randy Frykberg has stepped down as President so that I, Gary Bloodworth, can be your new President. Thank you, Randy, for your fine efforts over the last 4 years.
I would also like to thank Cindy Johnson, our newest member, for the great job she is doing. I can’t forget our friends Dan Aitken and Steve Rice also.
I will try to keep you updated quarterly as notable issues are developing. I’d like to do this by email to keep our costs down, so if you haven’t updated Customer Services with your current email address, please do so.
We have worked hard on the budget for 2009 and with Boyne’s help have kept this year’s increase to only 1.7%. Boyne has agreed to drop their management fee of 13% (which was $178,000 in 2007) to a flat $120,000 this year. It will be adjusted by the CPI in the future. See the enclosed copy of the budget for your unit amounts.
More good news, our negotiations on your behalf with Dan Bolle, the Tax Assessor, have paid off. He has been extremely cooperative and understanding. Everyone’s taxes should be going down. The slope-side unit assessments will go down by a smaller amount than the parking lot side units. In the past, all similar units were assessed the same even though slope-side units sold for more and generate higher rental income and more nights rented. Your actual assessment notices should mailed by the end of February. I’m still working on an even larger reduction for quarter-share owners, who I think are assessed too high.
Mark your calendars for a May 2nd Special Meeting at 9:00a.m. Many important issues including an update from the Exit Committee will be discussed.
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