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Subject: Special Assessment fees being charged at Bahamas resorts

Posted by: Andy Banerjee
Host:
IP #: 59.93.210.8
E-mail: <abanerjee2@juno.com>
Date Posted: October 01, 2008 at 01:37:50
Subject: Special Assessment fees being charged at Bahamas resorts

Message:

Can anyone give me some information on the Special Assessment fees being
charged to resort owners in the Bahamas ? Recently I got a general notice from
Taino Beach Resorts at Freeport, Bahamas (of which I am a resort timeshare
owner) regarding this special assessment fee. Apparently this notice was sent
to all owners of Taino / Ritz in the end of 2006. They are saying that they
have got approval from Govt. of Bahamas to demand this fee (of about USD 1100)
from the members, and that non-payment of this fee will lead to cancellation
of resort membership. However they are yet to show me the government letter.

Apparently this is for construction and innovation purposes in the aftermath
of 3 hurricanes in the 2004-05 season and to make the resort more hurricane-
proof. They are also saying this will enhance the valuation of the resort, and
seek a higher rating from RCI.

Anyone has any information on this ? Any Ritz / Taino owners who have received
similar notices ? Let us share our experiences on this in this forum.

Thanks,
Andy-

Re: Special Assessment fees being charged at Bahamas resorts - Danny 10-07-08