antidoc said:
Please provide us a link backing up this statement. I was among the original purchasers at SSR. The original plans only included the 12 buildings that are currently open. The other 6 which makes the resort 50% larger were added on LATER as phase III.
I have long since sold this resort and yes I'm with bobbybipolar, I felt like I had been duped. A resort the size of OKW was one thing but the SSR, when completed, will prove to be way to much.
I realize you are a board mod but come on with this, um....... misinformation.
Bill
No misinformation at all. Since you were an "original" purchaser, hopefully you did read your presale documents.
Just look in your own POS under: III. (Public Offering Statement Text), Section 5 (Description of the Saratoga Springs Resort), subsection (b) -
Phasing and Completion of Construction. The full description of the site plan is not in my copy (I'm not a SSR owner and only received a mini-copy without the full plan documents), but my copy does
clearly state under subcontext (1) "
Phasing Plan- The Saratoga Springs Resort is being developed as a phase comdominium, and additional land or Units may be added to the Saratoga Springs Resort from time to time. The overall boundary of the property which DVD contemplates adding to the Saratoga Springs Resort is described in the Survey, Floor Plan and Plot Plan: however, DVD reserves the right to add additional property which may not be included within the overall boundary.DVD further reserves the right not to add additional property or all of the property included within the overall boundary. ... "
This same section goes on to state that DVD may even add phases not for sale to the public and may "
amend the Condominium Documents , without the approval of the Owners or Purchasers, as may be necessary in DVD's sole, absolute and unfettered discretion to conform to applicable government requirements, to expeditie the sale of Ownership interests, ... "
As a matter of fact, the only promise made at that time (and I can quote from the POS if you are unable to find it in your own copy) was that the two buildings declared at that time (7/2003) would be complete in Spring, 2004. They didn't even have to complete the other 10 buildings announced in the initial two phases.
The above is quoted from the 7/2003 Revision to the POS (pages 19/20) and, as noted in the above quote, may have been changed since that time.
If you still have your Survey, Floor Plan and Plot Plan, further information will be found in those documents. I cannot quote directly from those since I did not receive copies.
As an original owner, you would have received this same POS document (I didn't get this copy until they had already been selling for about 6 months), so the fact that DVD could add to the resort at it's discretion should have been no surprise at all. Certainly not a "Bait and Switch" tactic when it is clearly included in the documents provided for review before purchase.
In addition, even the original phases (which included the 12 buildings already open) were already going to make SSR the largest
DVC resort - so that fact shouldn't have been any surprise at all.
Hopefully, these quotes from the POS will serve to verify the information already provided. I'd encourage all DVC owners to read thru their documents - the SSR POS is not substantially different from any of the others and similar language will be found in other DVC resort documents.
Then I can pick up more points at SSR! 
But since the prices keep increasing, I'm not holding my breath.
