Special assessment

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Original Message:

Re: Special assessment (by Ned S.):

You should not permit this to be the deciding factor in your decision.

It is a BEAUTIFUL location. The great benefit we found (in addition to how nice the whole complex is) is the resort environment which you don't get at many timeshare sites because of the co-location of the hotel. The location is just going to get better with the development of Kauai Lagoons, with the improvement of the golf courses, the building of the Grand Residences and Ritz-Carlton location, the ocean front improvements, and many other area improvements.

These special assessments are at their end. They were truly "special", due to an emergency situation, and not the result of mismanagement or shorting the reserve fund so that a special assessment was needed to perform refurbishment. Next year the electrical generation and heated pool system will be installed (first quarter) and the 10-year refurbishment of villas will be completed (September to Christmas). It will be an even better place in 2009!