co-owners website archives
News from Camelback InnSep 1, 2015

In this issue:

 Board of Directors Budget Meeting called for September 3

The Board of Directors will meet on Thursday, September 3, 2015 at 4:30 p.m. MST to consider the proposed Budget for 2016 which, after being adopted, will be submitted to all Co-Owners for approval at the Annual Meeting in October. To listen to the meeting, call 712-775-7031 conference code 958-404-329#.

 Annual Meeting Package will be sent September 15

All Co-Owners will receive the complete Annual Meeting Package via regular U.S. Mail. Owners who have email access to the web site will also receive an electronic version. The package is set to be mailed on September 15 and will contain all official notices, meeting agendas, the complete schedule of activities and your response form. On the ballot you will be asked to consider approval of the 2016 Budget, minutes for the April Special Meeting of the Council of Co-Owners, election of two Directors and adoption of proposed amendments to the Declaration and By-Laws.

A highlight of this year's Annual Meeting Weekend will be the Saturday Night Marriott Reception held outdoors at the newly renovated Jackrabbit Pool. Co-Owners will be treated to cocktails and gourmet food presentations while admiring the new adult swimming pool, redesigned children's area and new surfaces, furniture and features throughout the complex. The pool is scheduled to open in mid-September.

Activities begin on Thursday, October 15 with a Board of Director's Meeting in the morning and the Manor House Reception in the evening. Friday morning the Golf Tournament returns to the Camelback Golf Club. Friday afternoon, Co-Owners will be able to participate in a Segway tour of the local area. The events conclude on Saturday with the 43rd Annual Meeting of the Council of Co-Owners and the evening reception sponsored by Marriott. Look for details in your mailing package.

 Make Room Reservations now for the October Annual Meeting

It's easy to request vacation time at Camelback Inn on your computer. Just click the Reservations Page link and follow the instructions. Your request will be sent directly to the Camelback Reservations Team. They will send you confirmation by the next business day. Please indicate in the comments section if you wish to take advantage of the Special Annual Meeting Rate of $125.00 per night in lieu of using your vacation days.

 Board to submit proposed amendments on October Ballot

The Board of Directors has accepted the recommendations of the Special Committee on By-Laws Revisions and is preparing to submit for your approval several proposed amendments to the Condominium Documents as part of the Annual Meeting Ballot that you will receive next month.

The Board wishes to thank Committee Chair Christopher Gable and Committee Members Brenda Kaplan, Jack Florio, David Bartholomew and especially Joel Stein who worked with our independent counsel to draft the language of the amendments.

The following is a brief summary of the proposed changes:

Changes to the Declaration:

Section 6, d, paragraph 2

Reduces the percentage from 95% of the total voting power to 75% of total voting power needed to elect to sell or otherwise dispose of the Property.

Section 7, Reconfiguration of Units, Unit Relocation, and Construction of Guest Facilities as a Part of the General Common Elements.

Paragraph 2, reduces the total affirmative vote requirement from 80% to 75% for reconfiguration, or relocation outward of exterior walls, of Units, or Unit Relocation.
Paragraph 3, reduces the total affirmative vote requirement from 80% to 75% encumber and deal with any portion of the General Common Elements for the purpose of constructing hospitality accommodations and guestrooms as part of the General Common Elements.

Section 9, Voting

Eliminates the requirement for all owners of a single unit to cast a unanimous vote when there is more than one record owner. Under the proposed change, voting is proportionate to ownership.

Section 10, Notices

The proposed change makes the Declaration consistent with the By Laws and permits electronic delivery.

Section 20, Right of First Refusal

This is a lengthy section. The proposed changes provide clearer language, specifically provide that the right applies to all unit owners and that owner to owner transactions are exempt from the Section entirely.

Changes to the By-Laws:

Article III, A, Annual Meeting

Changes the time of the meeting to 9 A.M.

Article IV, First Paragraph

Requires that officers of the Council be unit owners.

The complete text of the proposed changes can be found in the What's New section of the web site. Look for your ballot next month.

 Camelback room rates now posted through December 21

Rates for regular and sun deck rooms through December 21, 2015 are now posted on the Camelback Room Rates page. The number of days your unit is charged when you use vacation time at a reciprocal property is based upon the rate in effect the day of your stay at the participating hotel. Rates will change frequently in September. We suggest that you consult this page prior to making your plans if you need to forecast your vacation time usage.

 Updated listing of Units Available for Resale

First Financial Equity Corporation has furnished us with the listing of Units Available for Resale which was last revised on August 13, 2015. You can view the list by clicking the Units Available link at the left. Matt Munn and his team at FFEC have initiated new marketing efforts to promote the sale of Condominium Units on property. The listing can now be obtained at the Front Desk or from the Concierge and the property map has been revised to include information about resales.

 Sign up to receive notification of pending sales

Section 20 of the Declaration of Covenants, Conditions and Restrictions of the Camelback Inn Condominium provides current owners with the Right of First Refusal enabling an existing owner to match the terms of an offer to purchase a condominium unit by a non-owner. If you wish to be informed of pending sales you may request that your name be added to the notification list by sending an email request with your name and unit numbers to:

Mathew Munn
C/O First Financial Equity Corporation

 Check the web for the latest news about Camelback Inn

The Communications Committee continually updates the web site on topics that include posting changes in CBI rates, additions or deletions to the units available for resale, and other news of interest to Camelback investors. We invite you to check the site often to find out "What's New".

If you have questions or need technical help with your access to the web site, do not hesitate to send an email to the Communications Committee c/o
We look forward to seeing you in October.

The Board of Directors
Marriott Resort Hotel Condominium - Camelback Inn