| |
|
Newsletter |
| |
| |
| Volume 4, Issue 2 -- Spring 2004 |
|
|
|
FROM THE MANAGER’S DESK
Rain…rain…and plenty of rain pretty much sums up our weather report starting off the New Year. The rain gauge at our pool measured 18˝ inches for a three-day storm that started New Years day. The sun returned on day four, and by the end of that day it was as if the rain had never happened.
Today it’s just another beautiful day.
Aloha from sunny Maui, Jim.
On with the news…
ANNUAL HOMEOWNERS MEETING
The annual homeowners’ meeting was held on 1/17/04 at the Westin. This was the most well attended homeowner meeting that I have seen yet. Every chair was filled and more chairs were brought in to seat the standing crowd.
Three seats on the board were up for election. Dick Greene ran for reelection and Bob Pure (C302) and Terry O’Brien (Q301) ran unopposed to fill the vacancies. We all wish to thank Bob and "OB" for their interest and are looking forward to those fresh ideas that new board members bring to the table.
The meeting was followed that evening by the annual homeowners’ party held around the pool. As in the past, John Applegate and Company catered the event. The fare was excellent, it was a beautiful Maui evening, and a good time was had by all.
We want to recognize Fran Waddell for her excellent work while on our Board of Directors. Fran chose not to run for another term. Also, we want to recognize Higgens Maddigan for his contributions to the Kaanapali Royal during his years of board service.
AC DUCT CLEANING
Hawaii AC Duct Cleaning Company provided us with group pricing for cleaning and decontamination of our individual unit air conditioning systems. The proposal requires a minimum of twenty-five units signed up to take advantage of the group price. A mailing with the details went out to every owner of record. I am happy to report that we have exceeded the minimum count and work will begin w/o 2/23.
PROJECT UPDATES |
|
| |
• |
Tennis Courts – Both tennis courts are scheduled to be resurfaced in March. The courts will be closed for about ten days during repair. This project is planned every five years and funded through reserves. | |
| |
• |
Maintenance Building Re-roofed – The maintenance building was re-roofed this past December just ahead of the heavy rains. The project was scheduled and funded through reserves. | |
| |
• |
Herb Garden – The herb garden has been relocated to a larger area at the southwest corner behind the tennis courts. The old location was destroyed with construction of the pool wall. | |
| |
• |
Pool Project – Almost 3,300 sq. ft. of Saint Augustine grass planted in December now has about 80% coverage and should be ready for use in about four weeks. Three plumeria trees have been planted for shade. A black aluminum picket fence is ordered and should be installed by mid February. Railings for the new steps are on property and will be installed with the fencing. | |
| |
• |
The BOD approved funds to purchase six Sunbimini shades that attach to the chaise lounge chairs. These shade covers are a big hit, and six more are now on order. | |
|
SLEEPING STONE
On Kekaa Drive at the very south end of the El Dorado just across from the southern driveway to the Fairway Shops are two large brown pohaku (stones). The larger stone is called MoeMoe.
Legend says that MoeMoe (a young man) was lazy and unambitious and spent most of his time basking in the sun. He taunted Maui (the demigod) for his efforts to improve the lives of others. Returning to Pu’u Keka’a after harnessing the sun on Haleakala, Maui found MoeMoe asleep again and turned him into the stone you see today.
The Hawaiian word for sleep is moe.
WHAT ARE RESERVE FUNDS?
Reserve funds consist of money set aside for replacement or repair of the major components in our common areas. Typically these funds are used to repair parking areas, replace landscaping, re-roof, re-surface tennis courts, replace equipment, and many other items.
In Hawaii reserve funding is required by law. Accounting methods, what is (or is not) included on a funding schedule, and minimum-funding requirements must all follow strict guidelines.
Generally speaking everything that will wear out over time must be funded over that time period. For example, a phone system that lasts ten years and costs $30,000 must be funded at a rate of $3,000 per year. In our case every owner pays $2.37 per month to meet that requirement. That $2.37 monthly never ends because as soon as it is replaced we begin reserving for the next ten-year replacement. That way every owner pays no more or less than his fair share.
This definition of the reserve law is over-simplified for explanation purposes. In reality a reserve schedule is always changing. Components will sometimes outlive their expected life or maybe breakdown early. Technology will often change the component to something better or more energy efficient. The schedule is constantly updated and reviewed as these costs and components change.
KR NUMBERS IN THE PHONE BOOK
Please notify the office if you would like to have your Kaanapali Royal house phone number listed in the local Verizon white page directory. Notify Wendy at the front desk exactly how you want the name to appear. This is for the directory that comes out later this year. We need to have all requests by March 15th to meet the Verizon deadline.
UPDATING FILES
We are updating files and need your help.
Included with this mailing are a "Contact Information" form and a "Unit Access Authorization" form. If you have not filled one out recently please take the time now so that we have your most current information.
We will discard forms currently on file upon the receipt of this new information. Thank you for your help.
CHANGES IN THE WIND
It’s always good to see new faces on property, please welcome these new owners.
A301 – Don Emigh
C101 – Robert & Rita Riggs
F101 – Greg & Keri Stack
F301 – M/M Ted Taylor
K101– Helen Beckner
And a fond aloha to old friends…
A301 – Daido Kosan Co.
C101 – Gordon & Susan Corley
F101– M/M Bagley
F301 – Daido Kosan Co.
K101 – Dr. Conti
ANOTHER CHANGE
After seven years both part time and full time at the front desk, Lindsay has decided to pursue other interests.
Our new office manager is Wendy Isoda. Wendy jumped right into the job and already seems completely at home in her new surroundings. If you haven’t already met Wendy, please stop in to say aloha.
|
|
|
| Back to top |
|
|
|
| |
|
