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what are your 2010 MFs?

Bill4728

Bill4728

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Location
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In order to update the TUG MFs database We need the mfs for your marriott TSs.

Please list the following:
Resort / Year
Unit Size
Operating Fee
Reserve
Tax
Miscellaneous
Total

Thanks


PS to DaveM If you get this info some other way, feel free to close this thread.
 
Last edited:
Resort / Year-- NCV -- 2010
Unit Size-- 2 bd
Operating Fee-- 704.80
Reserve-- 156.92
Tax- 158
Miscellaneous-- None ( optional $10 ARDA)
Total- 1,019.72

This is without the $10 ARDA contribution which I certainly will not be paying.
 
Last edited:
Bill - I think season is also required as the fees can be different for different seasons (especially in Florida)

Resort / Year: Grande Vista MGR-2010
Unit Size: 2BR Gold
Operating Fee: $581.15
Reserve: $193.22
Tax: $110.36
Miscellaneous: $32 (Owner Services Fee + Club Fee)
Total: $916.73

---------------------------
Resort / Year: Harbour Lake MHZ-2010
Unit Size: 2BR Gold
Operating Fee: $629.84
Reserve: $193
Tax: $89.90
Miscellaneous:
Total: $912.74

These are still estimated and haven't been voted on (no bill yet). Though I find these never change when billed.
 
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This is for St Kitts, don't have St Thomas or Aruba yet. Didn't know I had this one till I saw this thread and looked on MVC online.

Resort / Year St. Kitts Beach Club 2010
Unit Size 3 bedroom Platinum
Operating Fee 1515.39
Reserve 284.82
Tax 26.43
Miscellaneous (optional $10 ARDA)
Total 1853.07


Don't know why it has taxes twice on my bill?

Fiscal Year Description Due Date Amount Due
2010 Property Tax Fee 2010-01-22 26.43
2010 Property Tax Fee 2010-01-22 26.43
2010 Reserve Fee 2010-01-22 284.82
2010 Operating Fee 2010-01-22 1515.39
Total Charges $1853.07
 
Last edited:
Resort- Timberlodge EOY Plat summer
Unit size- 2bd lo
2010 Reserve Fee $128.35
2010 Operating Fee $369.71

Total amount $498.06

Taxes are separate and are about $150/yr give or take.
 
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Streamside at Vail - Evergreen Building

This is from the September mailing and includes the 2009 values for comparison. Minor increase from last year, much of which is into reserves.


Resort / Year
Streamside - Evergreen / 2010 (2009)

Unit Size
2BR 2BA

Operating Fee
842.55 (863.33)

Reserve
274.96 (245.50)

Tax
50.56 (37.49)

Miscellaneous
0 (0)

Total
1,168.07 (1,146.32)
 
MSW Summit Watch

2 bedroom 2010 $1078.02 total - includes property tax of 58.47 - (estimated) all seasons pay the same.

Increase of 3%
 
Bill,

Not to be critical but rather just to be informed, why will you NOT be paying the ARDA fees? I always thought of ARDA as being representative of the t/s owners interests. Am I wrong here?

maggie mae
 
Manor Club (MMC) 2 bedroom, Platinum

$928.00

Fiscal Year Description.....Amount Due
2010 Property Tax Fee..........62.94
2010 Reserve Fee...............137.00
2010 Operating Fee............728.06
Total Charges...................$928.00

4.3% increase!

Ray
 
Last edited:
maggie mae said:
Bill,

Not to be critical but rather just to be informed, why will you NOT be paying the ARDA fees? I always thought of ARDA as being representative of the t/s owners interests. Am I wrong here?

maggie mae
Click to expand...

Doesn't the "D" in ARDA stand for Devoloper? I also don't give them any money.
 
Aruba Surf Club 3 bedroom 2010 MF

Here's my data for the Surf Club for 2010 and 2009 (3 bedroom):

2010 Operating Fee 1,344.47
2010 Replacement Reserve 307.23
This Year's total 1,651.70

2009 Operating Fee 1,471.86
2009 Replacement Reserve 198.63
Last Year's total 1,670.49

A 1.14% decrease....:clap:
 
Last edited:
Frenchman's Cove, St. Thomas, 2010, 2br Gold: $1,199.73 up from last year's $1,134.48...

$1,008.94 operating and $190.79 reserve
 
Last edited:
Surf Club for 2010 and 2009 (2 bedroom):

2010 TOTAL 1,237.64

2009 TOTAL 1244.64

.5% DECREASE!!

In my 8yrs + of Marriott TSing this is a first for me, a reduction in MFs.
 
Resort / Year
Shadow Ridge / 2010

Unit Size
2BR / 2BA

Operating Fee $773.39
Reserve $154
Tax $149.08
Miscellaneous $0
Total $1,076.47
 
mightywyrm said:
Resort / Year
Shadow Ridge / 2010

Unit Size
2BR / 2BA

Operating Fee $773.39
Reserve $154
Tax $149.08
Miscellaneous $0
Total $1,076.47
Click to expand...

I received my property tax bill from Riverside County for 2010 recently and it equals $178.38 for the year (can pay in 2 installments). We bought resale in 2008 and paid about $11,000 for platinum week including closing costs. I'm surprised your taxes are lower, but I'm sure they are all over the place.

I'm happy that the MF only increased $20 over last year. Hope my 2 Barony weeks come in that low.
 
Marriott Harbour Point, Hilton Head SC

2 BR, 2 BA, fixed week 32, 2010

Fiscal Year Description Due Date Amount Due
2010 Property Tax Fee 2010-01-11 56.22
2010 Reserve Fee 2010-01-11 93.94
2010 Reserve Fee 2010-01-11 214.09
2010 Operating Fee 2010-01-11 632.59
Total Charges $996.84


This info was copied from vacationclub.com web site. I think the reserve fee of $93.94 is a loan repayment, but I am not sure.

Ray
 
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Crystal Shores 2 bedroom, Gold Season, Gulf Side

Total Charges - $1,209

2010 Operating Fee - $1,175
2010 Developer Subsidy - $(307)
2010 Property Tax Fee - $183
2010 Reserve Fee - $158
 
Fairway Villas at Seaview

Fairway Villas - NJ

2010 Property Tax Fee 2010-01-22 86.04
2010 Reserve Fee 2010-01-22 201.29
2010 Operating Fee 2010-01-22 685.67
Total Charges $973.00
 
Marriott's Kauai Beach Club

MKW/2010
2 Bedroom
Operating Fee: 1212.05
Reserve: $297.80
Property Taxes: $126.22
Special Assessment: $95.41
Total: $1,731.48

The total fee is one penny less than last year.:hysterical:
 
Are there any major rises in MF's this year? It appears to me that the fees being reported are either slightly less or slightly more, but I haven read any reports of any major increases.

OTOH, if you read on the Starwood Board, it has been a bloodbath, with huge increases in fees even in this economy, despite cuts in services, reportedly due at least in part to delinquencies/foreclosures.

It is nice to see that Marriott has managed to curtail costs and is reflective of the economic situation surrounding everyone. I hope that portends well for the future.
 
Frenchman's Cove

Frenchman's Cove, 3 BR Gold:

2009 = $1,295.57

2010 Operating 1,623.79
2010 Reserve 246.59
2010 Subsidy (319.81)

2010 TOTAL: $1,550.57

I'm a little stunned, frankly - this is almost a 20% increase from 2009. Maybe they're hitting the 3BR's with larger increases but I plan to call just to understand this better.

Ellen
 
ecm500 said:
Frenchman's Cove, 3 BR Gold:

2009 = $1,295.57

2010 Operating 1,623.79
2010 Reserve 246.59
2010 Subsidy (319.81)

2010 TOTAL: $1,550.57

I'm a little stunned, frankly - this is almost a 20% increase from 2009. Maybe they're hitting the 3BR's with larger increases but I plan to call just to understand this better.

Ellen
Click to expand...

I don't understand the increase difference between a 2bdrm and a 3bdrm at the same resort either. This has never happened to me at MPB where I own both a 2bdrm and a 3bdrm. The increases have always been the same percentage wise.

Not to rain on your parade any further but they haven't settled the tax bill at MFC yet. I'm guessing around $150-200 per unit per year when they get around to it but so far that leaves me with a back tax bill of about $1600 and counting. When I asked the sales rep about MF's at MFC he said they'd be comparable to Aruba. So far that's pretty accurate if you add a little extra for taxes at MFC.
 
Frenchman's Cove

Starting to understand this a little more - it seems the operating fee is basically unchanged while the reserve went up and the subsidy went down. Here's the line-by-line, but for the life of me I can't get it to space well:

2009 2010 Variance
Operating Fee 1622.06 1623.79 0.11%
Replacement Resrv 169.65 246.59 45.35%
Developer Subsidy (496.14) (319.81) (35.54%)

TOTAL: 1295.57 1550.57 19.68%


Looking through my paperwork now about any guidance regarding developer subsidies - it looks like it went up from 2008 to 2009, then this 35% drop for 2010.

Ellen
 
Fairway Villas went up 8% from 2009 to 2010

:bawl: :annoyed: :annoyed: Here's the breakdown from 2008 to 2010:
Fairway Villas - NJ

2010 Property Tax Fee 2010-01-22 86.04
2010 Reserve Fee 2010-01-22 201.29
2010 Operating Fee 2010-01-22 685.67
Total Charges $973.00
:annoyed: :bawl: :annoyed:

2009 Property Tax Fee 65.49
2009 Reserve Fee 186.00
2008 Operating Fee 649.65
Total Charges $900.69

2008 Property Tax Fee 69.28
2008 Reserve Fee 155.00
2008 Operating Fee 649.65
Total Charges $873.
 
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