My guide told me payments aren't due...

[Chuck S]

Dues are based on calendar year, not use year...so a use year for Decemeber 2007 would have had taxes/dues payable in January 2007. The dues were pro-rated to your date of purchase

 

[Dean]

I'm now confused about the dues. I have a December use year and didn't take the developer's points. Shouldn't my dues "begin" in December 2007 for a 2007 use year? I was told they would be pro-rated and begin with the month of my use year. Is this not the case from what MS has said?

SimbaCub
OKW April 2007
VWL Thanksgiving 2007
VWL Week before Christmas 2007 with friends

In this case for AKV Dec use year you will owe 1/12 of this years points. I think the only question is when do you have to pay it.

 

[SimbaCub]

Thanks for the answer Dean. I don't mind paying it "now" as it may be due because 2007 calenar year has started. I was just worried I would have to pay for the entire year.

SimbaCub
OKW April 2007
VWL Thanksgiving 2007
VWL Week before Christmas 2007 with friends

 

[pilferk]

I doubt if the State has anything to do with it. Walt was a very smart man. The government agency who has jurisdiction over the Disney property is the Reedy Creek Improvement District. Quoted from the District:

"PURPOSE -The Reedy Creek Improvement District, in accord with its enabling legislation, is responsible to the owners of land within the District and the public to provide for surface water control and drainage, utilities and mosquito control; roads and bridges; land use regulation and planning; fire protection; emergency medical services; environmental services; data collection and evaluation; building and other construction codes enforcement and inspections; and interface with local, regional, state and federal regulatory agencies".

Who set up and controls the Reedy Creek Improvement District?

Disney... Walt was one smart man.

Reedy Creek Improvement District does not govern real estate laws in the state of Flordia. It's a municpal government, covering things it specifically outlines in it's charter (your quote is a good summation of those duties). It can't redefine specific codes of state law, like those governing the sales of time share developments....just like it couldn't countermand laws making murder and theft illegal.

 

[pilferk]

Dues are based on calendar year, not use year...so a use year for Decemeber 2007 would have had taxes/dues payable in January 2007. The dues were pro-rated to your date of purchase

It's odd, though. Our guide told us the same thing..sortof. We're going to auto-deduct dues every month. He said our loan payment will likely start in May, but the dues would not begin to be deducted until September (our UY).

Guess we'll have to wait and see what the paperwork says.....not that it would be a big deal if we had to pay the additional $308, in may, for our '07 points, but...I'd sorta like to know.

 

[LisaS]

It's odd, though. Our guide told us the same thing..sortof. We're going to auto-deduct dues every month. He said our loan payment will likely start in May, but the dues would not begin to be deducted until September (our UY).

My guide told me the same thing re: paying the dues. We've already seen that the members' website doesn't handle AKV properly (the problem with the "Points Summary" display which is due to AKV's first UY being 2007). This could be another situation the website wasn't designed to handle. The normal situation with an add-on would be to show the dues as being due once you closed on your add-on. So the website could just be doing what it was programmed to do, but that we won't actually get billed until the start of our respective UYs. It will be interesting to see how this develops.

 

[tjkraz]

Dues are based on calendar year, not use year...so a use year for Decemeber 2007 would have had taxes/dues payable in January 2007. The dues were pro-rated to your date of purchase

True, but if one were to buy December UY points in Jan '07, they would normally receive the 2006 points as well. This situation seems a little unique in that people are being asked to pay dues before they even receive their first set of points, and that comes without the benefit of a Magical Beginnings or similar buy-back program.

That said, I think DVC could still justify charging dues for all owners based upon the occupancy date of their unit. Technically someone scheduled to receive their first points in December '07 could BORROW those points and use them as soon as the building opens.

Interesting to see that DVC still can't get all of its proverbial ducks in a row here.

 

[Dean]

True, but if one were to buy December UY points in Jan '07, they would normally receive the 2006 points as well. This situation seems a little unique in that people are being asked to pay dues before they even receive their first set of points, and that comes without the benefit of a Magical Beginnings or similar buy-back program.

That said, I think DVC could still justify charging dues for all owners based upon the occupancy date of their unit. Technically someone scheduled to receive their first points in December '07 could BORROW those points and use them as soon as the building opens.

Interesting to see that DVC still can't get all of its proverbial ducks in a row here.

First, I'm not sure they are actually having to pay the dues now but if we are, the only question is when not how much. It's true that if you buy an existing resort you can often get the current use year points and only pay part of the dues. Part of this is due to DVC charging dues on a calendar year basis and partly due to their business model. If you bought a Dec use year on 1 Aug 2007 and got 2006 points, you'd only have for 5 months of points. In this case you have to pay for every month but not more than the use you get for those points.

One could wait until 2008 and buy and get 2007 points and avoid paying a significant portion of the dues. But if you saved $3 per points, about the most you could count on, one single price increase would wipe out all benefits of that approach. And anyone who thinks we won't see another price increase by mid 2008 is smoking something.

As for being unique, it's happened with early sales for every single DVC resort starting with what is now OKW. It was very prevalent with SSR varying with each individual "unit" which is a collection of rooms. This happens with other timeshares too where they may give you the choice of this years week or next with the difference being the amount of the maint fees. Marriott will often give you a reward points option. For Utah for the Winter Olympics they didn't give people a choice opting rather to sell with usage starting the next year and they simply rented out those weeks for the olympics.