Received the bill yesterday. There is a 14% increase in MF at the Ridge on Sedona Golf Resort. It was an average of 4% in the past. Reasons are:
1. Refurbishment of all 117 unts -3.5 millions. 1.2 millions will come from a new lease for the concierge desk (with Diamond?)
2. Replacement of a new pool - 0.8 to 1 million. The current one has a structural problem and is beyond normal repair and maintenance.
3. Increase in wage and anticipated inflationary increases.
The fee for 2008 for my two bedroom, equivalent to 10,000 points, will be $730.92, plus club due $155.
Question: are the fees reasonable, compared to trust fees, other Diamond properties and other TS properties of similar quality?
1. Refurbishment of all 117 unts -3.5 millions. 1.2 millions will come from a new lease for the concierge desk (with Diamond?)
2. Replacement of a new pool - 0.8 to 1 million. The current one has a structural problem and is beyond normal repair and maintenance.
3. Increase in wage and anticipated inflationary increases.
The fee for 2008 for my two bedroom, equivalent to 10,000 points, will be $730.92, plus club due $155.
Question: are the fees reasonable, compared to trust fees, other Diamond properties and other TS properties of similar quality?
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