Budget Meeting Letter, Notice, Agenda and 2009 Budget

2008-budget-notice
Owners, below you will find a copy of the 2008 Budget Meeting Letter along with Meeting Notice, Agenda and 2009 Budget included in the PDF file – 2008-budget-letter.pdf

Dear Blue Tree Resort Owner:

Enclosed is your copy of the proposed Blue Tree Resort at Lake Buena Vista Operating Budget and Reserve Allocation for 2009. SPM Resorts, your management company, continues to work closely with your Board of Directors to monitor all expenses and the operation of your resort. The Board’s primary concern is to maintain and improve the quality of your Blue Tree Resort property while keeping owners’ fees under control.

While it is anticipated that most Operating Expenses will increase in 2009, these increases will be offset by an increase in Revenues, as well as, the completion of the loan payment for the construction of the check-in facility. Your check-in facility is now paid for and all loans have been repaid. This was accomplished without any increases in maintenance fees. The Proposed Budget provides for $1,226,486 to be transferred to the Reserve Fund, which is based upon the amount recommended by our consulting engineers.

We are happy to report to you that we are able to maintain maintenance fees for 2009 with no increases to you.

We believe that the 2009 Proposed Budget sets forth a financial plan that will continue to maintain and improve the physical facilities of your resort and also provide the type of experience you have come to expect and enjoy when you come to Blue Tree. We encourage you to continue your support of the Board of Directors and, more importantly, support of your resort. We look forward to seeing you at the Budget Meeting on Monday, October 6, 2008 at 9:00 A.M.

Sincerely,

Bill Young

President/COO
SPM Resorts, Inc.
Managing Agent for
Blue Tree Resort at Lake Buena Vista
Condominium Association, Inc.

View the PDF file – Budget Meeting Letter, Notice, Agenda and 2009 Budget

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