We Need Your Help - Please Send In Your 2009 Proxy!

As noted in recent newsletters and mailings to owners there was a recent change made to Board Member term limits by the Florida Legislature. These changes made our existing documents and the term limits they granted, written in 1992, no longer valid.

The new regulations offer only a default term of 1 year or an option for a two year term if approved by a majority vote of the ownership. It is the view of the Board and Management that having all Board Members be required to run for election each year is not in the best interest of the Association. It means more costs and the potential for a disruptive change should all members be changed in a single year. It would discourage long term planning and continuity of approach to resort management, maintenance and upgrades.

The option is to have staggered 2 year terms for Board Members. Using that approach no more than 50% of the Board could be changed each year offering some level of continuity and accountability.

Based on the two available options the Board authorized a modification of the Association Documents to allow for 2 year, staggered terms. As with any change to the Association Documents, which are the very basis of your ownership obligations and rights, such a change must be voted on by all owners. In order to approve a change there must be a majority of votes voting "yes" and at least 50% of all owners must take part in the vote. These are hard numbers to obtain (our usual annual Proxy return is between 20-25% of all owners) so this is a critical request for 2009.

(Username & Password required - email if you need them)

You can read the proposed changes here

You can print out a copy of the proxy here

Please fill in, sign and return the proxy to:

Cypress Pointe Resort

8651 Treasure Cay Lane
Orlando, Florida 32836

OR FAX to 407-597-3095

If you have already returned your bylaws amendment proxy, thank you for your support. It is not necessary for you to send your proxy a second time.

Also remember to vote for your choice of Board candidates (2 seats are available for 2009)

Thank you for your attention to this very important action and we look forward to a good turn out at the Annual Meeting March 21, 2009 at the Clubhouse.

Annual Meeting

On March 21, 2009 at 9AM the Annual Owners meeting will be held at the Clubhouse, 2nd Floor Sales Room. This important annual meeting will include presentations from our Independent Auditor, the BOD, VRI, Resort Management and much more. Topics are sure to include the 2010 Unit Renovation, financial status of the Association and more. This year we also have a proposed change to the Association documents t o bring them into compliance with recently enacted revisions to Florida law governing timeshares and condominiums. We need your vote to make the change. PLEASE remember to return your proxy/ballot and let your voice be heard. We also welcome all owners who can attend to come to the this always informational annual get together.

Miss the Fall 2008 Newsletter hard copy? See it online: