- Joined
- Aug 25, 2007
- Messages
- 5,164
Here are my brief notes from the DVC Annual Meeting.
2009 Budgets were adopted
Audit Presentation by the external auditors
American Resort Development Associaton (ARDA) presentation. Voluntary $1 donation to the ARDA PAC. DVC has joined ARDA.
Vero Beach Easement - MGD Development wants to built on an adjacent property and wants to purchase a strip of VB land to build a driveway to State Road A1A. Will pay DVC $776,690. DVC will use some of this to construct new basketball/tennis courts; balance will be applied to reduce future dues.
Statement was made that DVC is strong financially. Average DVC member who takes out a loan to purchase has a FICO score of 710. The average default rate on loans is just 2%
The Hawaii resort will begin selling in the summer of 2011 and will open in the summer of 2012.
Jim Lewis apologized for the way the OKW extension was handled. He said the opt-out method was the wrong approach and he promised they will do things differently if other resorts are extended.
Jim Lewis mentioned how members complain that they cant book on points but can book via cash. He mentioned they are looking at ways to reduce the number of rooms turned over to CRO during peak DVC times. He also asked members to book as early as possible.
Regarding the switch from II to RCI, he said this was due to several reasons. RCI is the largest exchange company with the most number of resorts, they have more all-inclusive resorts, they have more higher-end (such as fractional) resorts, and they have better technology. He also said RCI just negotiated a much better deal than II. He mentioned that DVC is not concerned with the class-action lawsuit against RCI, as they believe it has no merit.
Regarding housekeeping, Lewis stated that he recognizes its not perfect and there is an opportunity for improvement. He asked members to be patient. He also asked members that instead of writing a letter to DVC after they get back home, to complain on the spot to give DVC the ability to rectify the problems.
Mickey and Minnie Mouse made a brief appearance.
Announcement of the new DisneyNature film company which will focus on nature documentaries. The first film will be called Earth and will be released on Earth Day 2009.
They replayed the Dee Vee Cee video that was released when BLT was announced. They mentioned the Travel Channel show on DVC. They played a video of the DVC SS Member Cruise. They mentioned how AFV is offering a DVC membership as a grand prize this year.
They mentioned how DVC placed #1 in hospitality in the Media Matrix ratings, and how 91% of DVC members are extremely or very satisfied with their membership.
They mentioned how DVC members would be able to take advantage of the new Online Check-in.
The various DVC GMs discussed what upgrades theyve completed in 2008, and whats coming in 2009. VB mentioned a soft goods refurb that is underway, as well as flat panel TVs. HHI also mentioned flat panel TVs. BWV talked of room refurbs and flat panel TVs. VWL talked of flat panel TVs and new patio furniture, and also highlighted the completed soft goods refurb. BCV talked of a soft goods refurb. An OKW refurb is scheduled for 2010. The feature pool at SSR will be refurbed next year.
WDI Resort Projects discussed the ongoing construction at Kidani Village, Treehouse Villas (Jim Lewis made a side comment that when his boss first approached him and asked him to turn the old treehouses into a DVC project, he was less then thrilled), BLT, VGC, and Hawaii.
Thats all I have, as I had to run out to catch MVMCP.
2009 Budgets were adopted
Audit Presentation by the external auditors
American Resort Development Associaton (ARDA) presentation. Voluntary $1 donation to the ARDA PAC. DVC has joined ARDA.
Vero Beach Easement - MGD Development wants to built on an adjacent property and wants to purchase a strip of VB land to build a driveway to State Road A1A. Will pay DVC $776,690. DVC will use some of this to construct new basketball/tennis courts; balance will be applied to reduce future dues.
Statement was made that DVC is strong financially. Average DVC member who takes out a loan to purchase has a FICO score of 710. The average default rate on loans is just 2%
The Hawaii resort will begin selling in the summer of 2011 and will open in the summer of 2012.
Jim Lewis apologized for the way the OKW extension was handled. He said the opt-out method was the wrong approach and he promised they will do things differently if other resorts are extended.
Jim Lewis mentioned how members complain that they cant book on points but can book via cash. He mentioned they are looking at ways to reduce the number of rooms turned over to CRO during peak DVC times. He also asked members to book as early as possible.
Regarding the switch from II to RCI, he said this was due to several reasons. RCI is the largest exchange company with the most number of resorts, they have more all-inclusive resorts, they have more higher-end (such as fractional) resorts, and they have better technology. He also said RCI just negotiated a much better deal than II. He mentioned that DVC is not concerned with the class-action lawsuit against RCI, as they believe it has no merit.
Regarding housekeeping, Lewis stated that he recognizes its not perfect and there is an opportunity for improvement. He asked members to be patient. He also asked members that instead of writing a letter to DVC after they get back home, to complain on the spot to give DVC the ability to rectify the problems.
Mickey and Minnie Mouse made a brief appearance.
Announcement of the new DisneyNature film company which will focus on nature documentaries. The first film will be called Earth and will be released on Earth Day 2009.
They replayed the Dee Vee Cee video that was released when BLT was announced. They mentioned the Travel Channel show on DVC. They played a video of the DVC SS Member Cruise. They mentioned how AFV is offering a DVC membership as a grand prize this year.
They mentioned how DVC placed #1 in hospitality in the Media Matrix ratings, and how 91% of DVC members are extremely or very satisfied with their membership.
They mentioned how DVC members would be able to take advantage of the new Online Check-in.
The various DVC GMs discussed what upgrades theyve completed in 2008, and whats coming in 2009. VB mentioned a soft goods refurb that is underway, as well as flat panel TVs. HHI also mentioned flat panel TVs. BWV talked of room refurbs and flat panel TVs. VWL talked of flat panel TVs and new patio furniture, and also highlighted the completed soft goods refurb. BCV talked of a soft goods refurb. An OKW refurb is scheduled for 2010. The feature pool at SSR will be refurbed next year.
WDI Resort Projects discussed the ongoing construction at Kidani Village, Treehouse Villas (Jim Lewis made a side comment that when his boss first approached him and asked him to turn the old treehouses into a DVC project, he was less then thrilled), BLT, VGC, and Hawaii.
Thats all I have, as I had to run out to catch MVMCP.
!!!
or be scared 
I'd love to see a Doorway to Dreams (we're under an hour from NYC) but would be afraid that the addonitis bug would hit too hard!
Of course there are loads of malls in Westchester, Rockland and New Jersey as well that are likely candidates... 
