Update #12 – May 16th 2023
We have been having regular discussions with the insurance company. There are 12 different claims: one for each building. We have different adjusters for each claim. Last week, we received checks for 2 claims. According to the insurance company, the others are still being worked on.
As far as the sale is concerned, we are arranging a meeting sometime during the week of May 24th, with our Realtor, the Buyers, the Town of Fort Myers Beach, and we are hoping the Beach Mayor will join. The topics we wish to discuss are recent codes & restrictions, and what the town of Fort Myers Beach will allow to be built on the property. Dublin, the buyers, have requested this meeting because they are having zoning issues for the project they have planned.
Update #12 – April 6th 2023
Ron and our adjuster were able to get a new claim examiner assigned to our flood claim after voicing concerns about lack of movement on our file. We expect to get more regular updates with this new examiner in place.
We are getting communication from some of you about how your deeds are titled. This is very important because any distribution will be made out to the names listed on the deed. Please check that things are set up correctly with Lee County at: https://or.leeclerk.org/LandMarkWeb You enter your name last name first. It also defaults to 2010 for date.
This would also be a good time to confirm your contact information with us. Please send us an email at [email protected].
Thank you all for your patience as we are all in new territory as we navigate this.
Update #11 – March 14th 2023
Many of you have reached out for an update:
We have not heard back from the insurance company as of yet. We are not sure if they will pay out individually or send the funds to us to distribute. We asked our agent, but he did not know. They did ask for a list of owners, however. We have been calling them regularly for any updates.
As for as the sale of the property, we are in the process of finding a Title Company/ Attorney to help with dissolving the association and take care of the Titles and transfer all deeds. We are finding it is going to be a bigger job than anticipated.
According to the Bylaws, each unit /week is considered one share of ownership regardless of unit size or time of year purchased. Each owner will get and equal share. If you own multiple weeks, you will receive a share for each unit/week owned. We are anticipating that each share will be around $13,000- $16,000 with the insurance payout and proceeds.
Update #10 – Feb 1st 2023
The property is under contract as of 1/31/23. Please see the documents tab for details.
Update #9 – Jan 9th 2023Lahaina Family-
Sorry for the delay in updates. We have been busy between the holidays and meetings on the property.
The City of Ft Myers and Fire Department notified us that the partial structures remaining had to be demolished because they represented a safety hazard. That was done this week, Wednesday. That contractor is also working to clear debris.
We have the city coming out next week to evaluate if we qualify for assistance with fill to level out the scours left by the receding water.
We are still waiting on an update on our insurance settlement.
We unfortunately have to announce the passing of long time board member, Frances Stehman. Lahaina shares so many fond memories with Fran and her family. Ron says he will always have a seaweed sandwich for her granddaughter. Fran thank you for your service.
Please join us in welcoming new board member, Kyle Josefiak.
We are still working on getting the property listed.
Update #8 – Dec 5th 2022
The result of the vote last Sunday was to not rebuild. Ron is has meetings Monday to get more information on what to list the property for. We finished the contents list for the flood adjuster today. We are now completing the 2022 audit.
Update #7 – Nov 23rd 2022
We have added the Zoom Meeting information to the documents page.
There are 2 ways to vote in the special meeting on rebuilding this Sunday, November 27th @ 1pm EST. In person or with a submitted proxy. You cannot vote over the webinar. We can take your proxy at [email protected].
Update #5 – Nov 10th 2022The special meeting for the vote on whether or not to rebuild is scheduled for Sunday, November 27th at 1pm. We will be mailing the notice to the last address of record. The notice will contain the location. We will also post to the website the details to log into the webinar if you would like to attend virtually.
Update #4 – Nov 7th 2022
Lahaina Family,This week’s update:After much thinking we have decided the best thing to do regarding maintenance fees is to have everyone pay them at this time. We do not know how long this process will continue. It is not fair to have the few who have sent it in carry the rest who have not. Bills continue to come in. The hurricane wiped out everything. We have had to buy a new computer, printer , we still have to maintain our website, server, taxes, licensing fees, accountant, lawyer, 4 employees are still working here. We continue to have to meet with adjusters and builders. We will have to pay for a meeting site. The costs for the notification mailings that have to go out for meetings will add up. Property clean up fees will be coming.We are meeting with the association lawyer next week to discuss possibly delaying our vote on whether or not to rebuild until we can get more details of costs.We will be completing the itemized inventory of each units contents for our insurance claim within a week.The donation campaign and t shirt sales were incredibly generous. We greatly appreciate what you have done for our staff. Thank you all soo very much. Ron was able to deliver the goFundme dollars to everyone last week. It sounds like the t shirts will be going out to everyone by thanksgiving.Thank you all for your well wishes and support during this. We will continue to keep the updates coming.
Update #3 – Oct 28th 2022
Lahaina Family,This week’s update:
Our flood adjuster informed us that it would be at least 6 months until we hear anything about our claim. The number of claims in the area is causing a delay. We have started on our lists of contents for each unit for the insurance company. Our claim should be somewhere between $5 and $6 million.
We are also working with local builders to get an estimated cost of rebuilding the resort. The preliminary numbers are in the range of $31 and $35 million. So a special assessment in the range of $16,000 to $20,000 per week is what we are looking at potentially. We are also getting information on the value of the land. Initial numbers put it somewhere between $25 and $35 million.
The rental deposit refunds have been completed. Checks went out Monday and Wednesday this week.
We are nailing down a location for the special meeting to hold the vote for whether or not to rebuild. You will get the notice in the mail along with your proxy. We are trying to hold this meeting within the next 30 days. The mailing will go out 14 days ahead of the meeting.
Thank you all for your patience and understanding through this process.
