DVC Annual Meeting - Summary

[WilsonFlyer]

Anybody there today? Any news. Mike? Dean? Tim? Sammie? Anybody?

 

[drusba]

Someone for DVC News tweeted throughout the meeting https://twitter.com/DVCNews

 

[DVC Mike]

I spoke with Ken Potrock and the Treasurer after the meeting. I'm off to dinner. When I get back I will likely do a small post. Nothing earth shattering today.


http://i235.************************************************************* DVC Mike - *******.com

 

[ziravan]

 

[ziravan]

 

[ziravan]

Seemed pretty pro forma to me.

 

[SpaceMountain77]

Well, it is official. Animal Kingdom Villas will have stark white walls.

I wonder if the design team is aware of the Lodge's color palette and the representation of color at Animal Kingdom Park.

 

[DVC Mike]

New DVC Member cards


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

2016 will be the 25th anniversary


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

Surprises coming next year for the 25th anniversary.

Jan 4, 2016

http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

BLT soft refurb in 2016

http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

Treehouse Villas at SSR Refurb


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

VB Refurb

http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

AKV Refurb


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

BCV Refurb (delayed from 2015)





http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

Even the cookies celebrated the 25th anniversary next year.


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

I liked this shot from 1991


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

I thought the biggest news was that DVC is switching from a complete refurbishment (soft/hard) every 24 years to just 14 years (with soft refurbs scheduled every 7 years).

This will make the rooms a bit less dated, although it will have a small impact on dues.


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

I asked a question:

We pay $1 “per member” to Buena Vista Trading Company for the DVC Reservation Component. That's over $350,000. How is the number of members determined? For example, if I own 5 contracts, do I pay $1 or $5.

Answer:

It's $1 per contract, so $5.

So, the line item on the budget can't be used to determine the number of DVC users, but the number of contracts.

I didn't follow up.

Next question:

Housekeeping fell 1.3% at BWV, with modest increases at others, but rose 11.1% at BLT, and 17.3% at SSR. Why?

Answer:

It is based on the expected ratio of cash guests and DVC members staying at a resort. If more members than cash guests are expected, then housekeeping will cost more.


http://i235.************************************************************* DVC Mike - *******.com

 

[DVC Mike]

Property taxes are up 7.9% AKV, 9.4% BCV, 9.6% BLT, 9.5% BWV, 7.9% OWK, 8% SSR, 8.4% VGF, 7.9% VWL. Why?

Answer:

Properties are receiving higher valuations. DVC is contesting the valuations.


http://i235.************************************************************* DVC Mike - *******.com