PARCS UPDATE #185 - June 19, 2022

You will find a copy of this newslettter in the NEWSLETTER section at the top of our website

https://www.skparcs.com

LOOKING AT OUR RESORT VILLAGES THROUGH A NEW LENS 

At a recent meeting of the PARCS Board of Directors, it was suggested that the Members' Fair portion of our upcoming convention include a session about the financial challenges facing our smaller resort villages. 

For example, it is one thing to undertake a marina upgrade when your village's total assessment is $120 million than when your total assessment is only $20 million! 

The chart that follows illustrates the variation in assessment among our resort villages, as follows:

X-LARGE : A total assessment larger than $100 million.

LARGE: A total assesment of $80 to $100 million.

MEDIUM: A total assesment of $50 to $80 million.

SMALL:  A total assesment of $20 to $50 million.

X-SMALL: A total assesment of fewer than $20 million.

It would be unlikely that there would be a financial advantage for two resort villages with SMALL assessments to collaborate in upgrading their respective marinas.  However, if those two same resort villages were to collaborate in sharing the services of a community safety officer (or the services of a qualified administrator) - there would be an advantage.  (Our Members Fair session at convention will include a session about Community Safety Officers). 

WATCH FOR THE ANNOUNCEMENT ABOUT OUR PARCS CONVENTION IN OCTOBER - COMING VERY SOON!