Englewood Beach & Yacht Club

This page is for Timeshare Owners of Englewood Beach and Yacht Club

UPDATES

To all owners of EBYC—the next package will include some VERY IMPORTANT AMENDMENTS to our Declaration of Condominium [DOC]. The last amendment [#3] to the DOC was circulated and voted upon by the membership and was approved and adopted on 5/15/18. SO…………….be on the lookout for the next package.

Your Board has had 4 meetings since the Annual Meeting on 1/22/23. We currently have one vacancy on the Board as of 4/12/23; after many years of service Director Jerry Laskowski resigned due to health reasons. The Board is seeking qualified individuals to serve on the Board for Jerry’s unexpired term. Please submit by 5/26/23 your resume and a brief explanation on how you can best serve the membership during these challenging times. Send to marina.ebyc941@gmail.com

HIGHLIGHTS for 2023

• The Board [thru our management company] will conduct a silent auction for the 162 unit weeks owned by the Assn. Brief details; $500 minimum bid PLUS title search fee PLUS closing costs PLUS the 2023 maintenance fee of $645 if that particular unit week in Building 2 or 3 is still available. The winning bidder/Owner must be current on all dues in order to close.
• A security fence will be erected around Building 1 and the pool area ASAP.
• The Board has approved a NO CHARGE TO THE OWNER process for ANY owner that wants to deed back their unit week(s). Contact the Cunningham Property Management team at 941-893-1467 or e-mail kmattoni@msn.com
•  Very soon our management company will have a secure and password protected Owner’s-only access to important information for EBYC owners at this website https://www.englewoodbeachresorts.com/ In the alternative, or if we’re missing contact info for you; e-mail marina.ebyc941@gmail.com or call the office # at 941-221-1274.
• 909 Owners were billed on 1/26/23 and 732 have paid as of April 20, 2023. The By-Laws of the Assn state that a one-time late charge of $25 will be added to the annual assessment and interest will start accruing at a 6% per annum rate effective with the 3/15/23 due date for the 2023 assessment.
• The management company and the Board of Directors have estimated that the cash flow for the current year operations will only be sufficient to make it thru to the end of September 2023. It is very likely that if the operations continue thru the end-of-the year, there could be an estimated OPERATING special assessment of $200/unit week for ALL OWNERS [including additional unit weeks obtained in the silent auction]. This analysis will change subject to the silent auction sales of Assn-owned unit weeks and reimbursements to the Operating account from the $350,000 insurance claim advance from Lloyd’s of London for storm-related expenditures paid by the Operating account.
• Due to our DOC documents being 41 years old there has been a great deal of effort expended in trying to comply with the insurance trustee provisions for the use and application of the recovered insurance claims. The Board has entered into an agreement with Truist Bank Trust Services from Atlanta. The Board is diligently working on the further recovery of hurricane damages in addition to the $350,000 already recovered. The Board is reviewing all alternatives—rebuild or sell all of the resort property. There will be a very large gap between the remaining insurance recovery and the estimated costs to rebuild Building 1 to current Charlotte County and State of Florida building codes. This “preliminary gap” could be as much as $3,000,000—spread over an estimated 750 owners translates to an estimated CAPITAL special assessment of approximately $4,000 per unit week.
• Now that the insurance trustee is in place we can move forward with the necessary repairs/replacements for Buildings 2 and 3 by using the proceeds of the $350,000 insurance claim advance. Spencer is working with the Board on obtaining quotes and bids from reputable and reliable (sub)contractors.
• The challenge for the Board over the next 2-3 months for Building 1 is to review and evaluate an elevation survey that would set the parameters for the location of the first floor, review of that elevation survey by the architect that designed and oversaw the original construction and an inspection and report from a structural engineering firm. As these tasks progress, your Board will be gathering the necessary information to make a recommendation to all of the Owners on whether or not it is practical to rebuild Building 1 or to make a decision to sell the entire resort property. This ultimate decision will be made by a vote of the entire membership per the DOC. It is not feasible to try and operate the resort with only Buildings 2 and 3.

To All EBYC Owners – 4/22/23

Your Board of Directors has adopted a policy that allows ALL owners to deed their units back to the association. This policy includes ALL owners, including those who are delinquent on their maintenance fees.

This policy is a result of the storm damage. The board is working to determine what feasible options are available to either repair or replace building 1 while also realizing the entire property may need to be sold. Because there are so many unanswered questions regarding the future, owners have voiced their concerns about ongoing maintenance fees and assessments, especially if a unit cannot be utilized. Owners are responsible for the common expenses at the property even if their unit cannot be occupied.

The board’s goal is to be in a position to make these decisions for the future of the property this summer, however owners must understand, the property has a long road to travel. Just for starters, the insurance claims need to be settled. Architectural and structural plans may need to be developed. All the things that need to be done are also the same things that neighboring properties need to have done as a result of the storm.

Delays are going to happen.

Owners should consider what is in their best interest over these next few years. Many will be able to occupy their units, many won’t. Owners should assume they will receive assessments to continue to remain open and possibly to repair or rebuild building 1. Owners can also assume they will receive their fair share if the property is inevitably sold.

If you have questions or to request a deed to give your unit back to the association, please contact kmattoni@msn.com. This will be completed at no cost to the owner(s).

Thank You

Kevin Mattoni
Cunningham Property Management Corp.

Notice of Meeting of Directors, Thursday, April 20, 2023 via Zoom. Click to download agenda and Zoom details. 

March 29, 2023 |  From Joe Mikesell, EBYC board president

Englewood Beach and Yacht Club Board Meeting, Time: Apr 3, 2023 10:00 AM Eastern,  Join Zoom Meeting
https://us02web.zoom.us/j/81720733058?pwd=cGR3aTNlVlN2RmVOekM4RVlsYTVNdz09

March 15, 2023: From Joe Mikesell, EBYC board president
Well today is the due date for our 2023 maintenance fees of $645 for each week owned. I know many of you are reluctant to commit to ownership of your weeks, especially owners of building 1. As a building 1 owner myself (I own 15 weeks in building 1 and 1 week in building 2) believe me, I do understand. It was difficult for me to write the check without a place to stay this winter. But being the ever optimist, I see 2 positive outcomes probable. I believe we will either raise enough money through fees and special assessments to rebuild building 1 OR the owners will vote to sell the resort in which case we will all realize a profit from the rising land values and scarce beach front property. Kevin Mattoni and your board are working hard to gather enough information so that we can ask all owners in good standing for their decision. Please show your loyalty to EBYC and continue to have a say in the future of the resort. Please pay your maintenance fees.
Thank you
Joe Mikesell, Board president
P.S. contact me directly if you need additional information
6116 Old State Road 25 N
Lafayette, IN 47905
(765) 589-3745
skipandsherry@comcast.net

• March 1, 2023 Owner Update from Board and Management
• EBYC Owners Facebook Group 
• Meeting Notice: Meeting Of Directors, February 22, 2023, 1pm  Click For Agenda | Zoom Meeting Link | Meeting ID: 872 3878 2039 | Passcode: 697481 | Call In #1-646-931-3860
• January 25 Annual Meeting Update
• January 4, 2023 EBYC Newsletter and Update
• December 9, EBYC Newsletter and Update
• EBYC 2023 maintenance fee $645 per unit/week – Click to pay

Update: January 4, 2023

• EBYC has 11 units OPEN at this time in Phase 2 and Phase 3.
• The New Number to reach EBYC is 941 221-1274.
• We can take some rental inquiries for some Phase 2 + Phase 3 Units.
• Phase 1 reopening will be posted when more information is available.

CURRENTLY The situation in Charlotte County Florida is as follows:

• Electrical Service is restored to Englewood Beach and Yacht Club.
• Water Service is restored to Englewood Beach and Yacht Club.
• Garbage Removal is restored at this time.
• Internet Service Signal is restored. Television/Cable Service is restored at EBYC resort.
• Charlotte County has closed EBYC pool and spa.

Phase One
EBYC has catastrophic damage to Phase 1 building.
We have had an engineering consultant and construction firm look at the building this
past week. We will post the results once we have received the information.
The length of time Phase One will be out of service has not been determined at this time.

Phase Two
EBYC has roof damage and soffits were damaged by the wind in Phase 2 Beach House building. The exterior and interior damage is repairable.
Phase 2 Beach House is open and has guests using units 211 thru 222.

Phase Three
EBYC has outside damage to screening and some windows to Phase 3 building.
There has been water intrusion into several of the units. Damage that is repairable.
Phase 3 is open and has guests using units 311 thru 323.

Interval International and RCI have suspended trades into and out of EBYC resort at this time.

The EBYC 2023 Annual Meeting has been scheduled for January 22, 2023 and will be held at the resort. A mailing has gone out with all of the details.
The 2023 maintenance fee has been suggested to be $645.00.
The EBYC Board of Directors are waiting on engineering and construction reports that will inform the board how to continue. We will post the result of the reports ASAP on this website.

HURRICANE UPDATE: Date: October 31, 2022

PARADISE HAS A PRICE 

Hurricane Ian was a storm that brought over 150 mile per hour wind and has devastated much of SW Florida and our area of Englewood and Manasota Key. Below is what happened at Englewood Beach and Yacht Club.

Phase One

• EBYC has catastrophic damage to Phase 1 building.
• We have had a insurance representatives, engineering consultants and a construction firm look at the building these past few weeks. The length of time Phase One will be out of service has not been determined at this time. The best guestimate is summer/fall 2023.

Phase Two

• EBYC has roof damage and soffits were damaged by the wind in Phase 2 Beach House building.
• The exterior and interior damage is repairable.
• Depending on supply side issues, we want to reopen before end of 2022.

Phase Three

• EBYC has outside damage to screening and some windows to Phase 3 building.
• There has been water intrusion into several of the units. Damage that is repairable.
• Depending on supply side issues, we want to reopen before end of 2022.

Staff at EBYC along with Eddie Webb have met with insurance representatives, adjusters and engineers.

Here are some facts regarding the issues facing EBYC after Hurricane Ian.

• Insurance costs went from 73 Thousand dollars in 2021 to 150 Thousand dollars 2022.

We don’t have any idea as to what 2023 costs will be.

• Insurance costs in 2022 were over 24% per cent of the total budget. In previous years it was 12 percent of the total budget.
• The costs to repair the resort may be as high as one million dollars. As with all insurance policies there is a 10% deductible that EBYC will have to cover.
• Manager Eddie Webb spent almost 2 months in spring of 2022 to renew all of EBYC Insurance policies when these insurers were trying to cancel our policies based on their desire to reduce their exposure.
• EBYC was lucky to get insurance to protect the resort and the owners investment.

The Good News –  The resort will continue in business.

• Phase 1 will be rebuilt better with new flooring, new walls and new kitchen cabinets and appliances among other improvements.
• EBYC will also resurface the pool which has some damage.

The Bad News – Usage Issues

• Owners who did not get usage of their units from September to December of 2022 will not get make ups of unused weeks because of Hurricane Ian.
• Phase 1 has extensive damage and will not be habitable for owner usage well into 2023.

There will NOT be owner rental income or trading with Interval International or RCI until it is certified to be safely occupied.

• Owners are still required by Florida statutes to pay association fees or risk foreclosure of their unit.
• Phase 2 and Phase 3 should have occupancy in early 2023 at the latest.

2023 Maintenance Fee

• The Board of Directors will present the 2023 Maintenance fee of $645.00 to the ownership.

Re:        UPDATE REGARDING HURRICANE IAN and EBYC.

Date:        October 22, 2022

Location:    Manasota Key in Englewood Florida

EBYC is CLOSED at this time and reopening information will be reported on this website when more information is available.

CURRENTLY The situation in Charlotte County Florida is as follows:

• No Electrical Service to Englewood Beach and Yacht Club.
• No Water Service to Englewood Beach and Yacht Club.
• No Garbage Removal at this time.
• Limited Cell Phone Service. Limited Land Line Phone Service.
• No Internet Service Signal. No Television/Cable Service at either resort.
• Charlotte County has closed EBYC pool and spa.
• Charlotte County has closed Englewood Public Beach at this time.

Streets still have Debris, Trees, etc., making car travel challenging.

The staff at EBYC have been on property since September 30, 2022.

Phase One

EBYC has catastrophic damage to Phase 1 building.

We have had an engineering consultant and construction firm look at the building this

past week. We will post the results once we have received the information.

The length of time Phase One will be out of service has not been determined at this time.

Phase Two

EBYC has roof damage and soffits were damaged by the wind in Phase 2 Beach House building. The exterior and interior damage is repairable.

Depending on supply side issues, we want to reopen before 2023.

Phase Three

EBYC has outside damage to screening and some windows to Phase 3 building.

There has been water intrusion into several of the units. Damage that is repairable.

Depending on supply side issues, we want to reopen before 2023.

The EBYC Board of Directors are waiting on engineering and construction reports that will inform the board how to continue.  We will post the result of the reports ASAP on this website.

9/30/2022 : The situation in Charlotte County Florida is as follows:
No Electrical Service.
No Water Service.
No Garbage Removal.
Limited Cell Phone Service. Limited Land Line Phone Service.
Streets have loads of Debris, Trees, Etc. making car travel challenging

The staff at Englewood Beach and Yacht Club and Sea Oats Beach Club have been on property as of September 30, 2022.

EBYC and SOBC are CLOSED at this time. Reopening information will be reported on this website when more information is available.

SEA OATS BEACH CLUB has come thru Hurricane Ian with damage (that at first look) seems repairable. Reopening date to be determined in the coming month.

ENGLEWOOD BEACH AND YACHT CLUB has catastrophic damage to Phase 1 building.
It is not repairable.

ENGLEWOOD BEACH AND YACHT CLUB has some roof damage to Phase 2 Beach House building. Damage (that at first look) seems repairable.

ENGLEWOOD BEACH AND YACHT CLUB has outside damage to screening and some windows to Phase 3 building. Damage (that at first look) seems repairable.

Reopening date to be determined in the coming months.

Hurricane Ian has left much of Southwest Florida including Manasota Key in a perilous condition. The staff and management at both resorts will be meeting with Insurance Representatives including adjusters to facilitate the repairs and reopening.

2022 MAINTENANCE FEES –   The Englewood Beach and Yacht Club Board of Directors will present the 2021 budget with 4% increase for the coming year. The maintenance fee will be $575 for Englewood Beach and Yacht Club.

2022 RENTAL PRICES – 5% increase

Owner Rentals – We are organizing the 2022 schedule book. We get 80% of our rental inquiries regarding weeks 1-20 starting in October and ending in December.  The earlier we get your response the better chance we have of renting  out your unit successfully. Week 1 will start on January 1, 2022. If you want to place your unit into the rental pool please email your request to John and I will send to you a rental agreement.

WANT TO BUY LIST – I keep a list of owners who want to buy a unit. Please email to me at Aubrey@VacationFLA.com and let me know:

1. What resort
2. Unit week/s
3. One-bedroom or Two-bedroom unit
4. Floor level

The inventory changes often so I will refer to the Want to Buy List for owner purchases.