Welcome
This information site is dedicated to keeping all owners informed and engaged throughout the Reimagination process.
Welcome
This information site is dedicated to keeping all owners informed and engaged throughout the Reimagination process.
This information site is dedicated to keeping all owners informed and engaged throughout the Reimagination process.
This information site is dedicated to keeping all owners informed and engaged throughout the Reimagination process.
Update: 04/02/2025
Summary
Revoking Voting Rights for Delinquent Owners
A meeting was held to discuss revoking the voting rights of owners who are delinquent in assessments of $500 or more. A resolution was prepared to revoke both voting rights and access to Four Seasons facilities for these owners until their debts are resolved.
Suspension of Condo Privileges for Delinquents
Discussion was held regarding the suspension of condominium privileges for delinquent owners at the Four Seasons at Beach Condominium Association. This action is in accordance with the Declaration, Bylaws, and North Carolina General Statutes. The special meeting provided delinquent owners with notice and an opportunity to be heard. A resolution was passed confirming delinquencies and suspending privileges, including voting rights until all outstanding assessments are paid in full. The Secretary was directed to record the suspensions and issue written notices. The resolution also authorizes the association to pursue legal remedies if allowed by the governing documents and state law.
Timeshare Termination and Sales Process
A special meeting will be scheduled within 10 days. Following the meeting, termination will proceed, and the sales process can begin. A new broker has joined the effort, and the use of a global auction platform called Ten-X is being considered to market the property to larger investment groups. An appraisal or broker’s opinion of value will be required to establish pricing.
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