Special assessment

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Original Message:

Re: Special assessment (by Ned S.):

The largest assessment was for 48% of the $12 million job for the emergency replacement of groundwater/stream diversion pipes installed to allow the Kahili and Ha'upu wings to be built, which were punctured by debris and failed during the "40 days of rain" in 2006, causing a very large sink hole (as I remember, there were 6 cars which fell into it) and flooding. Then, when the main job was done, the engineers determined that another section of diversion pipe which they thought they'd be able to seal had to be replaced, so that was another single assessment, charged this current year. The other assessment which hit this year was for the electrical generator system which will produce 50% of the resort's electricity PLUS, as an extra added benefit, all of the resort's hot water needs AND heat the pool (which - heating the pool -, Chris said, would cost $750,000 a year, alone, had the resort been doing it). So yes, this year was large, but the only special assessment which might be on this year's bill is the last about $200 of the "big job" assessment.

For an every year one week owner, these assessments were (1) about $600 for the "big job", billed at $200 a year; (2) $430 single year assessment for the discovered replace rather than repair pipe; and (3) $130 for the electrical generation project.

There is more to think about than these past costs. The entire resort is going through a renovation next fall, including the pool deck, all three restaurant areas, and the grounds - most (the pool is shared between the villas and the hotel) of which are hotel owned (not villa owned) portions of the resort. So the villas will be spiffed up with new furniture and fixtures, and the outsides will all be spiffed up, too.

You asked about conversion of hotel rooms. The VOA does not own the hotel side of things. Marriott does not own the hotel side of things. The decision to convert hotel rooms would be the hotel owner's, not the VOA's, and the VOA would not be paying for any such conversion.