November 28, 2005
As most of you are aware, Lighthouse Cove and most of Broward County sustained major damage as a result of Hurricane Wilma on October 24, 2005. Clean up and restoration has begun, but it has become clear that our initial target of having at least some of the resort up and running by year end will not happen.
Insurance adjusters, contractors and the like are still in the process of compiling all the damage information for insurance claim purposes. Additionally, available contractors are hard to come by with all the work in the area. To add to the frustration, contractors and other technicians will not be working a full schedule so as to allow them and their employees time off with their families over the holidays.
Due to all of the above conditions, the Management of Lighthouse Cove has extended the "First possible opening date" to February 3, 2006 which is Week 5 for all units with the exception of the following:
103, 203, 303, 403, 503, 603, 703, 605, 705
We anticipate these units to be opened March 25, 2006 (Week 12). Many area resorts are expecting to be closed for over a year. For any week 52 owners who paid their fees to occupy week 53, refunds are being processed and will be sent out next week unless you banked your week 53 with RCI.
There is good news, The Berkley Group, a major timeshare developer, has offered our displaced owners units at one of four or their resorts based upon availability. These include Vacation Village at Weston or Mizner Place at Weston (South Florida), Vacation Village at Parkway (Disney Area) and Grandview in Las Vegas. All four resorts are Gold Crown and more detailed information may be obtained at www.dailymanagementresorts.com .Please visit this site for information and do not call Lighthouse Cove until you are ready to reserve your time.
A letter is being mailed to all affected owners next week detailing the program, if you banked your week with RCI prior to the hurricane then your week will be honored by RCI and you will not be eligible for this program.
Lighthouse Cove Reconstruction Progress Report
November 28, 2005
Insurance Adjusters have now completed the full assessment of all units, contents, structures and common elements. Trade estimators are now compiling numbers for the damage to come up with a total amount of the claim for the insurance carriers.
The roofs have all been reviewed and assessed and that work will begin within ten days.
The pool has been drained and cleaned. The brick and tile has been ordered and the installation will begin next week, resurfacing will start immediately thereafter.
Hurricane windows for the 03 stack as well as units 605 and 705 and the Building Four elevator windows are ordered. We expect ten to twelve weeks before delivery.
Elevator in Building Four is up and running while Building Three elevator should be up next week.
Carpet for 68 rooms has been ordered and installation will commence upon delivery, approximately three to four weeks.
Rip out of the affected units will start once we have the go ahead from the insurance adjusters.
Ongoing Projects:
All projects which were started prior to the storm are continuing, these include:
Concrete restoration is 75% complete.
Complete property paint job, currently working on Building One.
Furniture replacement.
Living Room TV's replaced in early January.
Pool deck furniture will be replaced in mid January.
Area Progress:
All power has been restored.
All traffic lights are operational but most intersections have only one working device.
Debris piles remain on city property and streets.
Most businesses are open, some under repair and some have been destroyed and will not reopen.
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