At the recent AOBO meeting two weeks ago, many important topics were discussed. I want to give you a brief summary until you receive the formal newsletter from Marianne. Thanks to all the owners who came to the lunch and meeting in San Francisco. We appreciate your interest and the time you spend towards the AOBO and Kiahuna Plantation.
Dean Berlon (Buildings and Grounds chair) and Chris Gampon presented a thorough update on their ongoing and upcoming projects.
Hybrid Water heaters are projected for installation within the next 12-18 months. It has been determined that fewer heaters will be needed than originally planned. The upside to that news is that the project cost should go down and there should be more closets available for owner use. Dennis Bonilla is going to start to schedule the water heater installations in a way that will impact owners and guests as little as possible. We are hoping to start installations in May 2017. You can expect to hear from him regarding projected dates for building closures which may last between 3-7 days.
Room inspections:
Did you know that the AOBO has been inspecting units for the presence of moisture? Thus far, 200 units have been inspected. These inspections and repairs have been very helpful in being proactive in dealing with leaks and in standardizing the plumbing infrastructure of units at Kiahuna.
The remaining 100 units will be scheduled for inspections as soon as possible. You should have received a copy of the report from the results of your unit's inspection, if it has been done.
Beach shower/Pathway:
Plans are underway to relocate the beach shower and pathway to make them safer and more attractive. Beach erosion has been threatening the area around the shower. The shower will be moved to an area between the beach hut and the beach, on the west side of the pathway. The pathway will also be modified and new plants installed.
Renovations at Kiahuna:
Guidelines regarding renovations and repairs are in the process of being revised and updated by Dennis and Chris. We will publish those once they have been finalized. We are trying to establish uniformity and better organization surrounding renovations.
Baseyard:
Buildings and Grounds is waiting to receive a new schematic plan from the architect before going forward with the specific plans for the baseyard renovation.
The Legal Committee discussed that there is now only one unit that has been delinquent in payment of their fees. Two other units have recently been foreclosed upon by the lenders and new owners are now in place.
The Landlease Committee is starting to gear up for the landlease renegotiation for Phases IIIa and IV which will be up for renewal in 2018. We are looking at hiring appraisers to prepare a report based on an updated valuation of the property.
The Finance Committee reported that there were many positive budget variances, which means that we had to spend less money than anticipated. The Reserve Fund balance has also been greatly increased by the $400,000 contribution from HVAC by virtue of the terms of the new management contract. A strong reserve fund is essential as we will be incurring substantial costs in upgrading the infrastructure
A more detailed report on the meeting will be coming shortly from Marianne Thesken. The survey results will come with the newsletter but we want to thank everyone who took the time to respond and offer valuable comments! The Board is committed to trying to help rental performance to the extent permissible.
Submitted by
Randy Danto Nordstrom
Vice-President AOBO
randy@kiahuna39.com
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