PelicanNews
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PelicanNews
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| PELICAN TAPRC The following Board members attended: Jeff Pray, Jerry Luke, Tom Hoshall, Fran Williams, and Judy Young. Representing Royal Resorts Management were: Richard Corso, Rodrigo Gamboa, and Luis Cabrera. U.S. counsel, Len Matsunaga, also attended and Antillean counsel, Frank Roozen, participated in part by telephone. Marina Project: Construction of the Model Villa was started on March 6, 2006 and excavation for the Marina Project was started on March 14, 2006. It was also noted that the renovation of the Sales Office was started on April 7, 2006. The draft of the Construction Agreement is being prepared for review. The Construction Agreement emphasizes the quality of the job and materials used, the delivery time for the project and warranties for the project of no less than one year. Royal Resorts informed the Board that enough parking to cover the new units was planned. Employee parking has been temporarily created near the new laundry. Parking in the Marina building is now only available on the top floor and all other levels are closed. Some of the possible amenities planned for the new building are: in-room gambling, a good quality gym with 30 pieces of cardio equipment, and a restaurant on the bottom floor. Another possibility would be a roof top lounge with a portable bar, for sunset use. It was noted that the top floor is the lobby and connects with Billy Folly Road. Legal Update: Our Antillean legal counsel, Frank Roozen, informed the Board that the court case with FBMD was still pending and that negotiations with the Richs were currently taking place. Food and Beverage: Pelican will continue working together with Liesa Euton from Los Gauchos Restaurant on finding ways to improve the operation and the dining experience of the guests and customers. Los Gauchos currently has a three-year agreement for operation of the restaurant. Los Gauchos and the Pelican Bistro are both operated by Liesa Euton. The Pool Bars are being managed by Jaap van den Heuvel from the Red Piano, who has a two-year contract, signed on January 1, 2006. It was noted that there were no cash registers at the pool bar locations or the restaurants and there is a need to install these. 2006 AMF Unpaid Balance: The unpaid balance on the 2006 Maintenance Fee as of March 31, 2006 is US$1,382,133.55 and represents 11.88% of the total amount billed. The total unpaid AMF balance as of March 31, 2006, including previous years, is US$2,344,922.55. Foreclosures: The final foreclosure letter, sent after 90 days, will make a lot of people pay the fee. However, we will not recover a lot of the old AMF fees. At the end of March 2006 there was a total of 600 unsold units, which represents US$180,000 of the outstanding AMFs. Financial Information as of March 31, 2006: It was noted that the monthly financial information can be found at the owner’s section on the Pelican web site www.pelicanresort.com. Remodeling of Units Status: The 2006 budget contemplates remodeling 20 villas. There were 10 villas remodeled by March 31, 2006. Below is the report of the villas that have been remodeled to date. The order for remodeling might change depending on the operational needs and the availability of funds. We need US$10.7 million for overall remodeling at the Resort. There is a need for a coordinator to record ideas to save money and improve the overall appearance of the Resort. In 2006, the Resort will need US$250,000 to upgrade the units and US$100,000 for general equipment for the Resort.
Communication Materials: The Pelican Resort News magazine was launched in February 2006. From that date, a new edition has been released on a monthly basis at no cost for Pelican Resort. These editions have shown basic information on the Resort and topics of general interest for our visitors. In the near future, the editions will have many more articles about the Resort, St. Maarten and neighboring islands. One idea discussed was the possibility of putting an employee of the month feature in the magazine. Signage at the Resort has been improved. There are new signs indicating the location of the Red Piano, Los Gauchos, the sales office, etc. Royal Channel (Ch. #3) is been operating since March 23 and the website www.pelicanresort.com has new features which are: * Easier navigation * Contact and comment form (average 14 per day, over 900 e-mails) * Registration for updates and news section * Videos * Photo galleries * Reservation forms for members and non-members * Section for Pelican Marina Residences * Very graphic (lots of pictures) * Maps * Live Chat * Floor Plans * Current and updated member´s room * Visible occupancy calendar Other Issues: The Ving Card is being programmed for August/September implementation at the Resort. Close circuit cameras are planned for monitoring the Resort for security. The cost will be between US$30,000 and US$100,000. Two web cams have been ordered, one for the beach and one for the construction project. Pelican mission statement: We need to look into improvements in the mission statement for the Resort and the employees. It was also noted that the Pelican Resort has a training program that reaches out to everyone on staff at least once a year. AMF: If the maintenance fee is not paid by April 1, Pelican can take these units for rent. If the member shows up at the Resort, the front desk will try and provide them with another unit, if one is available. These owners have had 90 days notice that their unit will revert back to the Resort, if their fees are not paid. There is no obligation to provide a unit to these owners. Resort Occupancy Rates: The number of owners not showing up can be as high as 10% to 15 % a month. There is a loss of income for the Resort with every unit that is not occupied. Pelican Income: One way to generate money for the Resort is to start a program called “Pelican Club Vacations Travel Club” for Pelican owners. Owners can rent extra nights, book trips, and use the points they earn to pay their Resort bill, etc. It will cost US$40,000 to build the program. Pelican would have the use of a fully licensed travel agency located at ISCO in Florida. Nominations for Election: The AGM nominations for the Board will be posted in the newsletter and on the web site to notify owners of the deadline for collecting signatures for the upcoming 2006 election. Meeting adjourned at 6:15 p.m. Judy Young, Secretary
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