2011 HGVC Maintenance Fees

HGVC SeaWorld Two bedroom Gold Season - 5000 HGVC points
(HOA: Orlando Vacation Suites II Condominium Association, Inc)

Maintenance Fee and Tax Breakdown
Description Due Date Balance
2011 Operating Fee 01/01/11 $602.46
2011 Reserve Fee 01/01/11 $138.62
Real Estate Taxes 01/01/11 $117.16
Total Current Balance: $858.24
Voluntary Arda Roc $3.00
Total Current Balance: $861.24


NOTE: 2011 Club Dues $114.00 (My club dues are associated with my Flamingo unit which hasn't post 2011 MF yet).

As a reference, MFs for the last two years
2010 Operating Fee 01/01/10 $596.79
2010 Reserve Fee 01/01/10 $126.59
Real Estate Taxes 01/01/10 $117.16
Total Current Balance: $840.54

2009 Operating Fee 01/01/09 $568.31
2009 Reserve Fee 01/01/09 $119.43
Real Estate Taxes 01/01/09 $92.78
Total Current Balance: $780.52

HGVC Sea World 4,800 Pts Platinum
(HOA: Orlando Vacation Suites II Condominium Association)

Not sure what it was last year (I believe $764 for MFs and Club fee?)

2011 Operating Fee 01/01/11 $431.31
2011 Reserve Fee 01/01/11 $99.24
Real Estate Taxes 01/01/11 $143.39
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $787.94


Thanks!

SeaWorld Owners please include HOA info and season.

Our HGVC Maintenance Fee includes the following components:
- Operating Fee
- Reserve Fee
- Real Estate Taxes
- Club Dues
- Voluntary Arda & ROC/PAC (optional)

For Seaworld, there is an additional difference...There are two budgets at SeaWorld. One for Orlando Vacation Suites I (for phases 1 and 2) and the other for Orlando Vacation Suite II (for phases 3 & 4). "OSV I" MF is the same regardless of unit size and "OSV II" MF is based on unit size. For both, the Real Estate taxes seem to differ by season and unit size.

NOTE: I'm not sure if other HGVC locations have a similar difference regarding Real Estate taxes.

For Example:
Here's what poleary2000 posted in the Club Dues thread (see below). Based on polerary2000's older threads, he recently bought a two bedroom platinum. It appears poleary2000 owns in OSVII since his 2011 operating fee and reserve fee are the same as mine except for the Real Estate Taxes ($185.40 for two bdrm platinum vs $117.16 for two bdrm gold)

poleary2000 said:

Mine shows:

Seaworld II 2 BR
Maintenance Fee and Tax Breakdown
Description Due Date Balance
2011 Operating Fee 01/01/11 $602.46
2011 Reserve Fee 01/01/11 $138.62
Real Estate Taxes 01/01/11 $185.40
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $1,040.48


I just bought this and haven't used it yet. The MF last year were $855.21.

That's about a 8.5% increase in MF (not including the Club Dues).

Click to expand...

Where do I find these fees?
I haven't seen a bill yet from HGVC.

When I log onto the website under Pay fees and taxes all I see is the $114 club fee.

I own Seaworld OVS II 2 BR platinum, so I can see from the posts above what I guess I will be paying, but it seems strange to me I haven't received any notice of this yet.

poorguy said:

Where do I find these fees?
I haven't seen a bill yet from HGVC.

When I log onto the website under Pay fees and taxes all I see is the $114 club fee.

I own Seaworld OVS II 2 BR platinum, so I can see from the posts above what I guess I will be paying, but it seems strange to me I haven't received any notice of this yet.

Click to expand...

Hmm... it's strange that your Seaworld MF info isn't available online (unless you own a EOY-even) but there's still plenty of time.
I won't worry unless you still don't see anything by the end of Nov.

Tuscany (I-drive) 1-br gold:
Operating: 487.69
Reserve: 89.31
RE Tax: 101.12
Total: 678.13

Affiliates:
Casa Ybel 2-br silver:
Operating: 581.01
Reserve: 173.15
RE Tax: 76.42
Total: 830.58


Sanibel Cottages 2-br silver:
Operating: 782.60
Reserve: 298.40
RE Tax: 83.66
Total: 1164.66

Flamingo 2br gold

Flamingo, 2bedroom gold (5,000 pts)

Maintenance Fee and Tax Breakdown
Description Due Date Balance
2011 Operating Fee 01/01/11 $607.85
2011 Reserve Fee 01/01/11 $144.18
Real Estate Taxes 01/01/11 $52.45
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $918.48
Voluntary Arda Roc $3.00
Total Current Balance: $921.48

Las Vegas Hilton, 2BR

Las Vegas Hilton, 2 BR Platinum (7,000 pts)

Maintenance Fee and Tax Breakdown

Description Due Date Balance
2011 Operating Fee 01/01/11 $579.05
2011 Reserve Fee 01/01/11 $227.99
Real Estate Taxes 01/01/11 $42.29

Total Current Balance: $849.33

Tuscany 2 Bedroom - 7000 Points

Maintenance Fee and Tax Breakdown
Description Due Date Balance
2011 Operating Fee 01/01/11 $694.53
2011 Reserve Fee 01/01/11 $127.34
Real Estate Taxes 01/01/11 $211.01
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $1,146.88

HGVC Las Vegas Strip 7,000 points 2 bedroom Platinum

2011 Operating Fee 01/01/11 $557.05
2011 Reserve Fee 01/01/11 $138.79
Real Estate Taxes 01/01/11 $33.58
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $843.42

LV Hilton - 5000 pts (2 bdrm gold?)

Description Due Date Balance
2011 Operating Fee 01/01/11 $579.05
2011 Reserve Fee 01/01/11 $227.99
Real Estate Taxes 01/01/11 $42.29
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $963.33
Voluntary Arda Roc $3.00
Total Current Balance: $966.33

I wonder why the LV Hilton HOA wants another $80 to $100 more for their cash reserve funding than the Flamingo or LV Strip location? What do they know that the other two don't?

dougp26364 said:

I wonder why the LV Hilton HOA wants another $80 to $100 more for their cash reserve funding than the Flamingo or LV Strip location? What do they know that the other two don't?

Click to expand...

Flamingo just had an additional cost for upgrading for a couple of years, and the Strip location is new. I guess the LV Hilton want to make sure there is no additional fees when they start their upgrade.
To be honest, I'd rather pay a small extra fee each year, and then have the HOA stick to the budget in the reserve account when it is time to refunish, than to not have enough money for the refurb and the budget is going to topped up by one or two year additional fees anyhow so the budget gets a lot looser.

Flamingo one bedroom platinum - 4800 points

Maintenance Fee and Tax Breakdown
Description Due Date Balance
2011 Operating Fee 01/01/11 $557.44
2011 Reserve Fee 01/01/11 $129.93
Real Estate Taxes 01/01/11 $44.04
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $845.41
Voluntary Arda Roc $3.00
Total Current Balance: $848.41

Interesting.... Orlando MF (Seaworld) is cheaper than Las Vegas (Flamingo)

pathways25 said:

Las Vegas Hilton, 2 BR Platinum (7,000 pts)

Maintenance Fee and Tax Breakdown

Description Due Date Balance
2011 Operating Fee 01/01/11 $579.05
2011 Reserve Fee 01/01/11 $227.99
Real Estate Taxes 01/01/11 $42.29

Total Current Balance: $849.33

Click to expand...

For comparison 2010:
Op Fee = $574.97
Res Fee = $178.13
RE Tax = $58.29
Club Dues = $114 (vs $99)

This represents a 5.8% increase overall (including Club Dues)

jestme said:

Flamingo just had an additional cost for upgrading for a couple of years, and the Strip location is new. I guess the LV Hilton want to make sure there is no additional fees when they start their upgrade.
To be honest, I'd rather pay a small extra fee each year, and then have the HOA stick to the budget in the reserve account when it is time to refunish, than to not have enough money for the refurb and the budget is going to topped up by one or two year additional fees anyhow so the budget gets a lot looser.

Click to expand...

I agree. It makes me a little nervous that one HOA puts more aside for future needs than mine does. The LV strip location has more amenities and, with that more risk for a significant special assessment if the HOA hasn't set enough money aside.

Has anyone heard Bay Club maintenance fees yet?

dougp26364 said:

I wonder why the LV Hilton HOA wants another $80 to $100 more for their cash reserve funding than the Flamingo or LV Strip location? What do they know that the other two don't?

Click to expand...

Also, strip is still in active sales, so they try to low the MF to look better to potential buyers.

Sunshine Wanted said:

Has anyone heard Bay Club maintenance fees yet?

Click to expand...

We won't know the Bay Club maintenance till after the Board and Annual Meeting November 17th.

HGVC Sea World 3-bdrm 8,400 Pts Platinum
(HOA: Orlando Vacation Suites II Condominium Association)

Not sure what it was last year (I believe $764 for MFs and Club fee?)

2011 Operating Fee 01/01/11 $797.21
2011 Reserve Fee 01/01/11 $183.43
Real Estate Taxes 01/01/11 $222.67
2011 Club Dues 01/01/11 $114.00
Total Current Balance: $1317.31

robertr55 said:

HGVC Sea World 3-bdrm 8,400 Pts Platinum
(HOA: Orlando Vacation Suites II Condominium Association)

Not sure what it was last year (I believe $764 for MFs and Club fee?)
<snip>
Total Current Balance: $1317.31

Click to expand...

I own the same thing, and the total bill was $1278.90 last year.

So it looks like about a 3% increase over last year. Much better than last year's increase!

Kurt

Looking back at what I was told about MF when I bought a few months ago, I compiled this --> http://db.tt/OET8AGm (download the file, don't wait for the site to say rendering). Again, I didn't know the breakdown thus put the entire total into the Operating Fee field. Even without Club Dues, this is an 8% increase. Is this typical? I definitely didn't factor in an annual increase of 8% into the financials when I bought. I assumed something more like 4%. What have you all seen?

The last couple of years has been high increases for me (Seaworld). I think last year it was about 12%! But this year it is only 3%.

Kurt

HGVC LV Strip 4800 pts. Plat.

HOA Las Vegas Blvd Vacation Suites Owners Association, Inc

2011 club dues 114.00
operating fee 413.04
reserve fee 92.65
real estate taxes 22.42
voluntaryARDA 3.00
---------------------------------
$645.11

Haven't received our Seaworld 4800 pt plat. yet. Will post as soon as we get.

Summary

Info collected so far.... (excluding 2011 Club Dues and Voluntary ARDA ROC)


Club Resorts, Size, Season, Operating Fee, Reserve Fee, Real Estate Taxes , TOTAL
SeaWorld (OSV II), 3 bdrm, Platinum, $797.21, $183.43, $222.67, $1,203.31
SeaWorld (OSV II), 2 bdrm, Platinum, $602.46, $138.62, $185.40, $926.48
SeaWorld (OSV II), 2 bdrm, Gold, $602.46, $138.62, $117.16, $858.24
SeaWorld (OSV II), 1 bdrm, Platinum, $431.31, $99.24, $143.39, $673.94
Intl Drive (Tuscany), 2 bdrm, Platinum, $694.53, $127.34, $211.01, $1,032.88
Intl Drive (Tuscany), 1 bdrm, Gold, $487.69, $89.31, $101.12, $678.12
Flamingo, 2 bdrm, Gold, $607.85, $144.18, $52.45, $804.48
Flamingo, 1 bdrm, Platinum, $557.44, $129.93, $44.04, $731.41
Las Vegas Hilton, 2 bdrm, Platinum, $579.05, $227.99, $42.29, $849.33
Las Vegas Hilton, 2 bdrm, Gold, $579.05, $227.99, $42.29, $849.33
Las Vegas Strip, 2 bdrm, Platinum, $557.05, $138.79, $33.58, $729.42
Las Vegas Strip, 1 bdrm, Platinum, $413.04, $92.65, $22.42, $528.11
Casa Ybel, 2 bdrm, Silver, $581.01, $173.15, $76.42, $830.58
Sanibel Cottages, 2 bdrm, Silver, $782.60, $298.40, $83.66, $1,164.66