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Harborside_II_HOANewsletter_2016
1. Dear Valued Owner,
Your Home Resort is the perfect place to relax, recharge and play in a destination that you love. That’s why
we’re always looking at how we can enhance your resort experience each time you come back.
We’re very proud of our 2016 TripAdvisor®
Certificate of Excellence award, based on the great traveler
reviews we consistently receive. Your opinion matters and we hope you’ll share your own experiences online.
As we prepare for 2017, our ongoing efforts to provide an unparalleled vacation remain our priority as we
strive to exceed your expectations during every stay.
We look forward to seeing you next time you’re here.
Sincerely,
Judith Thompson
General Manager
ASSOCIATION
NEWSLETTER
HARBORSIDE II
FALL
2016
RESORT UPDATE
Renovations
It is with great excitement that we announce our multi-year
refurbishment project, which kicked off June 2016 and is
projected to run through 2018:
• The extensive renovations will provide Owners and Guests with
up-to-date, refined amenities and facilities for the best vacation
experience possible. The project includes refurbished interiors
of all elevator cabs, fresh interior paint, new tables, furniture,
decorative features and more.
• Other resort improvements include Wi-Fi availability at all
Atlantis restaurants.
Rules & Regulations
The Resort Vacation Ownership Unit Rules and Regulations were
amended to change the name “Starwood Vacation Network”
to “Vistana Signature Network.” You can view the amendment,
which is effective immediately, by accessing your Association’s
governing documents at vistana.com.
Local Events at Atlantis
With 21 restaurants and 19 bars at Atlantis Paradise Island, your
dining options are limitless. Some upcoming local events include:
• Bahamas International Film Festival, Dec. 5–11
• The Great American Variety Show, Dec. 18–22 and 25–29
• Junkanoo Boxing Day Parade, Dec. 26
• John Legend, Dec. 30
• Marathon Bahamas, Jan. 14–15
• Pure Silk Bahamas LPGA Classic, Jan. 23–29
2017 ANNUAL FORECAST FOR OPERATING PLAN AND BUDGET
Category
Average
$/Unit Week
Increase/(Decrease)
Details
Overall $0.00 No increase in total assessments. Key areas of change are noted below.
Insurance Expense ($38.30) Reflects a reduction in premium for Property/Terrorism coverage.
Replacement Reserve
Funding
$25.00 Increase necessary to accomplish funding objective.
Licenses & Permits $15.16
Represents a newly required Bahamian business license that became effective
in 2016 and was not previously included in the budget.
Utilities ($12.02) Represents a decrease in utility rates coupled with reduced consumption.
Bad Debt Expense $7.88 Reflects increase in delinquent assessments.
For additional information, please refer to the 2017 budget included with your annual assessment statement.