|
Please send payments or
any correspondence directly to
High Sierra Condominiums at
the following
address:
High
Sierra Condominiums
PO Box 7188
Ruidoso, NM 88355-7188
USA
Phone: (575) 257-6913
Fax: (575) 257-7319
High Sierra’s
E-Mail
Address:
info@highsierracondos.com
|
In this Issue... |
|
The President's Corner |
|
2012
Proposed Budget |
|
Manager's Report |
|
Points Conversion |
|
Check your Dates |
Policy changes are made periodically by the High Sierra Board.
Such important policy changes are
announced in this newsletter,
and they’re also posted on
High Sierra’s website. Go to:
www.highsierracondos.com
WINTER HOURS
During the winter months
office hours
are
9 AM to 9 PM daily.
|
Print Version
The President’s Corner
Hello again to all High Sierra owners of High Sierra Condominium
Owners’ Association (HSCOA). The busy summer season in Ruidoso is
largely over, although High Sierra is still well-booked into the coming
weeks. Your elected Board of Directors, in conjunction with High Sierra
Management, is looking forward to using what limited slow time we have
to do some exterior maintenance projects before the busy ski season and
holidays arrive.
Here’s a quick summary of what we’ve done with the 2011 Special
Assessment approved by the owners: $288,525.00 collected to-date (some
owners elected extended payments still outstanding) $277,194.78 spent
to-date on the following:
Rebuild of all front and back decks on Buildings 1-2, 5-6, 7-8, and
11-12 is complete, with additional extensive structural work done on
Buildings 8 and 12. New materials such as composite decking (“plastic
wood”) and poured concrete are being used to vastly reduce on-going
maintenance costs, versus the previous all-wood exteriors.
Buildings 3-4, 9-10, and 13-14 remain to be similarly renovated.
Additionally, the deck outside the clubhouse pool is a priority for
renovation.
Your Board of Directors and Managers are working together to control
costs while accomplishing quality renovations to keep High Sierra
competitive in the timeshare market. Please see the Manager’s comments
in this newsletter for more specifics. The proposed 2012 budget included
with this newsletter also contains details.
On another topic, there’s big news coming for all owners interested in
converting their High Sierra weeks to RCI’s “points” system. We’re
working to develop a low-cost “in-house” conversion process for our
owners in the coming months. You can read more about that in a separate
item in this newsletter.
There were no candidates nominated to replace the incumbent High Sierra
Board Members with terms expiring this year. The incumbents have agreed
to continue serving, and their willingness to continue is deeply
appreciated.
High Sierra’s staff looks forward to making your stay pleasant when you
visit your resort.
Raymond L. Peabody, HSCOA
President |
|
ANNUAL BUDGET MEETING
The Annual Budget Meeting will be held at
10 AM on October 22, 2011, at the High Sierra Clubhouse. This
meeting is open to all owners of High Sierra units, and attendance is
highly encouraged since next year’s budget will be discussed and voted
on at this meeting. The Board of Directors hopes to see you there! |

|
Income |
|
|
Expenses |
|
|
Maintenance Fees |
378,000.00
|
|
Accounting |
3,000.00 |
|
Maintenance
Penalties |
14,100.00
|
|
Advertising |
5,000.00 |
|
Other Hotel Income |
1,700.00 |
|
Bank Charges |
150.00 |
|
Rental Income |
41,000.00
|
|
Credit Card Fees |
10,000.00
|
|
|
|
|
Dues & Subscriptions |
250.00 |
|
Exchange Charges |
6,750.00 |
|
Insurance |
33,600.00
|
|
Sale Of HSCOA Units |
24,250.00
|
|
Legal Services |
2,000.00 |
|
|
465,800.00 |
|
Miscellaneous
Expense |
150.00 |
|
|
|
|
Postage, Printing |
1,350.00 |
|
(2011 budget was $471,900) |
|
Auto expense (&
travel) |
3,000.00 |
|
|
|
|
Cable TV & Internet |
13,000.00
|
|
|
|
|
Hospitality |
3,000.00 |
|
|
|
|
Housekeeping
Supplies |
10,000.00
|
|
|
|
|
Office Supplies |
1,500.00 |
|
Reserve |
|
|
Telephone |
3,600.00 |
|
Reserve Fees |
110,000.00
|
|
Pool expense |
4,200.00 |
|
Interest
Income-Reserve |
200.00 |
|
Carpet cleaning |
1,500.00 |
|
Special Assessment |
15,000.00
|
|
Maintenance Supplies |
9,000.00 |
|
|
125,200.00 |
|
Utilities |
93,500.00
|
|
|
|
|
Payroll Expenses |
184,000.00
|
|
Reserve labor |
75,000.00
|
|
Payroll taxes |
18,000.00
|
|
Reserve Supplies |
35,200.00
|
|
Contract labor |
38,000.00
|
|
Special Assessment |
15,000.00
|
|
Property taxes |
28,000.00
|
|
|
125,200.00 |
|
|
465,800.00 |

|
Income |
|
|
Expenses |
|
|
Maintenance Fees |
378,000.00
|
|
Accounting |
3,000.00 |
|
Maintenance
Penalties |
14,100.00
|
|
Advertising |
5,000.00 |
|
Other Hotel Income |
1,700.00 |
|
Bank Charges |
150.00 |
|
Rental Income |
41,000.00
|
|
Credit Card Fees |
10,000.00
|
|
|
|
|
Dues & Subscriptions |
250.00 |
|
Exchange Charges |
6,750.00 |
|
Insurance |
33,600.00
|
|
Sale Of HSCOA Units |
24,250.00
|
|
Legal Services |
2,000.00 |
|
|
465,800.00 |
|
Miscellaneous
Expense |
150.00 |
|
|
|
|
Postage, Printing |
1,350.00 |
|
(2011 budget was $471,900) |
|
Auto expense (&
travel) |
3,000.00 |
|
|
|
|
Cable TV & Internet |
13,000.00
|
|
|
|
|
Hospitality |
3,000.00 |
|
|
|
|
Housekeeping
Supplies |
10,000.00
|
|
|
|
|
Office Supplies |
1,500.00 |
|
Reserve |
|
|
Telephone |
3,600.00 |
|
Reserve Fees |
110,000.00
|
|
Pool expense |
4,200.00 |
|
Interest
Income-Reserve |
200.00 |
|
Carpet cleaning |
1,500.00 |
|
Special Assessment |
15,000.00
|
|
Maintenance Supplies |
9,000.00 |
|
|
125,200.00 |
|
Utilities |
93,500.00
|
|
|
|
|
Payroll Expenses |
184,000.00
|
|
Reserve labor |
75,000.00
|
|
Payroll taxes |
18,000.00
|
|
Reserve Supplies |
35,200.00
|
|
Contract labor |
38,000.00
|
|
Special Assessment |
15,000.00
|
|
Property taxes |
28,000.00
|
|
|
125,200.00 |
|
|
465,800.00 |
2012 PROPOSED BUDGET
 |
|
2012 Maintenance Fee Statements
Statements for 2012 Maintenance and Reserve fees will be
mailed in early November. Be aware that providing statements is a
courtesy to owners. Per High Sierra’s Bylaws, fees are due January 1st
annually, whether or not an owner receives a statement. The commitment
for annual fees contained in the sales contract is just as legally
binding as any mortgage payment.
Our thanks to the majority of High Sierra owners who pay
all fees timely year-after-year.
|
2011 has been quite a year here in
Ruidoso. We’ve experienced –27° weather, frozen pipes, drought and
fires. Our terrific maintenance team kept the downtime to a minimum for
our guests during the freeze. They also have been working diligently on
unit projects. We’ve added second TVs to almost all the units, replaced
the carpet in several living rooms and a few bedrooms, replaced some
toilets with taller ones, also replaced a few bathroom countertops and
hope to get three or four kitchen countertops replaced this fall. Unit
601 received a terrific makeover. It was the only unit here at High
Sierra without a bathtub; it only had a small shower enclosure. The
bathroom has been completely remodeled and it looks great now. The
kitchen received new countertop and backsplash and the entry, kitchen,
hall, and dining room have new tile. If you’ve never been in this unit,
please ask to see it the next time you’re here. Last but not least,
we’ve added a small workout room in the Clubhouse. The sauna stopped
working this past winter, and since we have many more requests for a
workout room than a sauna, we decided to convert the area into an
exercise room. The cost for the exercise room and equipment was much
less than replacing the sauna.
We continue to strive to make your resort the best it can be.
Margana
Huff, General Manager |
|
WEEKS-TO-POINTS CONVERSION IS COMING FOR
HIGH SIERRA OWNERS
Most RCI-affiliated resorts are quickly
converting from “weeks” exchanges to RCI’s “points” exchange system.
Many of our High Sierra owners who are RCI members have been asking
about the possibility of converting their High Sierra weeks to points.
We are happy to report that after much research into this, we are about
to offer our owners an opportunity to convert their High Sierra weeks
into points for exchange.
There are several advantages to the “points” system of timesharing.
Rather than using a full week at a single location, points can be used
for several shorter visits to multiple locations. Also, last-minute
reservations can extend the value of any owner’s points.
The first thing all owners should know is that no one has to convert
their weeks to points; if you are not an RCI member, or you are an RCI
member who simply wants to retain your week(s) at High Sierra, you don’t
need to do anything. However, if you are interested in converting your
High Sierra weeks to points for exchange purposes, you’ll be able to do
that in the coming months….and we’ve developed a much more
cost-effective weeks-to-point conversion process than you may have heard
at other resorts.
If you don’t know all you’d like to know about “points,” we’re going to
make that easy for you. High Sierra owners will soon receive a
highly-detailed letter about our “points” conversion process, including
pros & cons, and each owner will be able to elect to keep their week(s)
as they are or convert to points. Watch your mail for more about this
soon. |