Friday  October 11,2024

      We are happy to share there was no real damage done to the resort as a result of Hurricane Milton.  The beach hut fell on the beach and the beach boxes were pushed into the dunes because of the water surge.  No real water intrusion into the suites was noticed, just a few puddles of water by the sliders on the higher floors.  Easy cleanup.  In summary, we were VERY fortunate!  All our team members and their families are confirmed to be safe, and we are back on our regular work schedules starting today!

      We have restored power at The Charter Club and are in the process of getting everything back to business as usual.  We are focusing on getting the grounds back in order (Fortunes Landscaping pulled up to our gate at 7AM!), as well as the pool and beach.  Both will be completed this afternoon.  We will welcome back guests today who left in the middle of their reservations.  We have our housekeeping team on site and will address the touch ups required for all suites, and we will be in full service on Saturday to welcome home all our new arrivals!

David Martella

 

Websites for tracking:
https://www.wfla.com/weather/tracking-the-tropics/live-wobble-tracker-changes-in-hurricane-miltons-path-could-have-huge-impacts/amp/

https://www.nhc.noaa.gov/

https://www.cityofmarcoisland.com/police/page/code-red-alert-system

WINK News: First. Fair. Everywhere.

https://www.colliercountyfl.gov/government/county-manager-operations/divisions/emergency-management


VOTE YES TO
KEEP THE NEW FLORIDA LAW FROM INCREASING OUR 2025 MAINTENANCE FEES FOR ASSOCIATION RESERVE FEES BY APROX $175.00   PLEASE READ BELOW ARTICLE AND VIEW ATTACHMENTS.   EVERY VOTE COUNTS!!

VIEW: Charter Club of Marco Letter

VIEW: Special Meeting – Waiver of Statutory Funding

VIEW: Special Meeting – Notice Letter

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August 30, 2024
Our Board remains committed to making the Charter Club a fun and welcoming home away from home. Thanks to our careful financial management, we’ve kept maintenance fees low and avoided large assessment fees that many other associations are currently facing. The Board’s fiscal responsibility, including holding the annual meeting when most Directors are on property, has been key to this success. We believe in saving every dollar, spending wisely, and having strong legal support for collecting maintenance fees. We’ve also maintained reserves at a level that allows us to handle unexpected expenses, making the Charter Club a leader by Hilton standards.

Even before the unfortunate condo collapse in Florida, our Board had already invested nearly $2 million in maintaining the structural integrity of the North and South Buildings and in elevator repairs— all without imposing a special assessment. This demonstrates the strong leadership of our Board.

With the new Florida law in place, the Board and Management are working proactively to secure the necessary votes to prevent a significant increase in maintenance fees. Please take a moment to read the article below and vote YES. You can fill out the attached ballot and return it, or make sure to vote when you receive the mail-out. We encourage you to reach out to your fellow owners and encourage them to vote YES as well.

At the Charter Club, we are family, and now is the time for your Board to rely on YOU to VOTE. Once you’ve received your voting instructions in the mail, please vote yes or our fees will increase. Then relax and  continue to enjoy your vacation, knowing you are in good hands. Enjoy the lunches and the team members’ pictures, and let’s all take pride in why we love the Charter Club!

FLORIDA Recent Legislative Changes May Impact Your Maintenance Fees

At Hilton Grand Vacations, our long-standing promise is to provide exceptional services and be good stewards of your vacation experience with us. This promise includes keeping you informed of any developments impacting your vacation ownership. To this end, we’re sending this email to notify you of a recent change in the Florida legislature that could affect how your maintenance fees are calculated each year and the amount assessed.

What Is Happening
The State of Florida recently changed the voting threshold required to waive the full funding of association reserves. Under this new requirement, your maintenance fees could increase dramatically. This is how: Each association uses a Reserve Study to determine the annual contribution from Owners needed to support expected expenditures based on a resort’s 30-year cashflow management requirements. The Reserve Study is updated annually and provides information on the funding necessary for resort repairs, replacement of items and renovations without collecting more funds from Owners than necessary.

For many years, Florida law has required using a set formula to determine reserve funding unless more than 50% of Owners (or their proxies)who attended an Owners’ meeting voted “yes” to waive the statutory funding requirement. The law has now changed to require a “majority vote of the total voting interests of the association,” meaning a “yes” vote from more than half of all Owner interests in favor of waiving the statutory funding requirement regardless of attendance at an Owners’ meeting.

Our recommendation has not changed — the board of directors and the management company have historically recommended that Owners vote to waive the requirement to fund the reserves fully, and this issue usually passes by an overwhelming majority of votes cast. The difference this year is that a greater number of Owner votes is now required for passage.

Who Is Impacted
The legislative change impacts all deeded Owners of condominiums in Florida.

Why Your Vote Matters
Unless a majority of Owners vote “yes” to waive the statutory funding requirement, you will experience a material increase in your maintenance fees starting in 2025. For example: In 2024, the amount collected to fund reserves from maintenance fees for a 2-Bedroom Suite at The Charter Club of Marco Beach® was $287.57. Using the state’s formula to determine reserve funding, this amount would have been $461.72. Therefore, overall maintenance fees would have increased by an additional 11% — from $1,587.24 to $1,761.39.

Next Steps
You will receive information from HGV’s Association Management Services team with instructions on how to vote in an upcoming virtual Annual Owners’ Meeting or via a Special Owners’ Meeting. Voting instructions will be provided in each communication and/or meeting. If you have any questions, please email us at ams@hgvc.com.

Now more than ever, I encourage you to vote at your next Owner meeting and make your opinion count. I appreciate your prompt attention to this matter.

Sincerely,
Neil Hutchinson
Senior Vice President
Trust & Association Operations

2024 Maintenance Fee Increase

Why the increase in 2024  Maintenance fees? Let’s go behind the scenes!

With the warming waters and earth warming we are experiencing hurricanes that are more powerful, fires, earthquakes and many other weather related disasters that are resulting in the high increase in insurance (in many areas on the water you can’t even get insurance)  that not only our property but every other property on the water is facing.

Did you know that CC in the past had only a $25,000 deductible when a hurricane hit?

CLICK HERE TO KEEP READING

We have shared with 4 Hilton properties a $100,000 deductible so each property had a $25,000 deductible. This year the Board was notified that not only the insurance premium was being increased but also the deductible. Let me start off with the premium. Our premium increased by $780,000 and the insurance company required that the total premium must be paid in its entirety up front.

This reduced our reserves by $1,714,616. Now to add insult to injury our deductible was increased from $25,000 to now $3.300.000 (before buy down policy that will come into play and hopefully reduce the $3,300,000 – see below for more detailed information) The new deductible is not split – each property has their own for each occurrence. Yes, now over a 3 million increase in the deductible before insurance starts to pay. Now the Board looked into buying a policy on the deductible (buy down policy). It’s a very confusing policy but depending on the category, (must be cat 3 or greater) where it hits, the damage it causes to the other Hilton properties along with other variables determines the payout. No one will know until after a hurricane how much the insurance will help reduce the $3,300,000 deductible. With all the new developments the Board addressed the renovations scheduled for the living room, dining room, master and guest bedrooms. The model unit (101) has been completed and there were discussions on whether to move ahead with the renovations or hold off. There were different opinions with some members feeling the owners expected the units to be done and the money was in the reserves to others feeling it was their fiscal responsibility to the owners to hold back and have additional reserves. Thanks to the Board who could give our government some lessons 😁 they compromised leaving no one completely happy but knowing they were doing what they believe to be in the best interest of the Charter Club..

Owners: Ask Your Questions to our Webmistress.

Please email Lwood@charterclubofmarcoisland.com

Submit pictures or old ,brochures etc to your website admin
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History of Paul

For so many of us owners that have known our “Beach Paul” for many years I thought you might enjoy this article that our beloved Asst Mgr Scott Shook wrote in July of 2020.

View the Article

Beach Cam view of The Charter Club of Marco Beach® | Condominium Association

BEACH CAM

Watch a live feed of the beachfront view from The Charter Club no matter where you are.
MARCO ISLAND WEATHER

A Picture is worth a Thousand Words

Project Pictures

Back to the Past

Model Unit

August Birthdays and Farewell to Fred

Fun weekly lunches

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