Welcome

Welcome

 Important Notice:

Maverick Condominium Association, Inc.

Hello Maverick Owners!
We are pleased to be able to provide you with a positive update as to progress toward getting the Maverick up and running.

THINGS YOU NEED TO KNOW:
1) WE ARE CLOSE TO OPENING! Our Building Contractor has been working hard and steady to get us in a “complete enough to open” condition by the end of June. This is a target date – certainly not carved in stone and is subject to many things out of our control, such as weather, City of Ormond inspections and permit close outs, for example. Given that any slip in the date would impact an owner’s stay, we are not able to firmly commit to a re-open date. We will closely monitor progress and advise you of the firm re-open date as soon as we can.

2) YOU CAN BOOK YOUR MAKE-UP WEEK NOW – If your dues are current, you may call Maverick reservations and book your make-up week for anytime after September 1st. Please understand that make-up weeks are first come, first reserved, and are subject to unit availability. As long as you are an owner, that remains in good standing, you can use this make-up week(s) anytime in the next five years.

3) WE HAVE NOT RECEIVED ANY INSURANCE MONEY – The insurance company paid the original Contractor directly. We had to terminate our agreement with them for Breach of Contract. The Maverick sat for over a year with no progress toward re-opening. Our legal team feels that we have a very strong case against the former Contractor and our attorneys are working diligently to recover our funds, but the wheels of justice are slow. The Board made the decision to use Reserve Funds to complete repairs while the legal navigation takes place. It was a bold, strong move that has proven positive results in less than 6 months!

4) IT IS CRITICAL THAT OWNERS PAY THEIR MAINTENANCE FEES!
Incredibly, 60% of the Maverick Owners have not paid their fees for 2018. Annual maintenance fees are not rent, they are the cost of operating the resort. Expenses have continued, even though the resort has not been open, our reserve funds are what is allowing us to move forward. To use an analogy– if you had damage at your personal home, you would still have to make your mortgage payment while the home was being repaired, even if you could not live in it. So it is with your timeshare, if you do not pay your maintenance fees, you loose the right to use it. It is imperative that if you have not paid your fees for 2018, that you do so now. Late fees are currently being waived.

5) THE BRIGHT SIDE OF THE STORM – Repairing damage caused by Hurricane Matthew forced us to take a hard look at our aging Maverick. Critical structural repairs to crumbling concrete and deteriorating steel reinforcing materials had to be made. Hazardous electrical problems have been corrected. While our focus was definitely on repairing, not renovation, we were able to choose updated paint colors and flooring materials to give our Maverick a more modern feel at no additional cost. We have overcome many obstacles as they have surfaced, while working wisely and cost consciously. Your Board members have taken many days away from their jobs and families to meet with Contractors and Subcontractors, overseeing job progress, making decisions on each and every individual unit.

6) OWNERS ARE OUR LIFELINE – As we near the final payout to the General Contractor and analyze operating costs through the end of this year, we realize that we will have to seek outside financial assistance unless our owners step up and pay their maintenance fees. That is going to be expensive, which will affect maintenance fees in the future. Having 60% non-paying owners does not make us an attractive risk to a lender. If you have been on the sideline, we hope that you will see the progress made and pay your maintenance fees. Payments can be made via website:

Click Here To Make Payment 

or by calling Sebrena in our finance division at 386-672-3550 ext. 152.

Here are some photos to show you our progress and the challenges we faced.

North Tower. 5 Columns were uncovered when the Maintenance workshop was demo’d that had serious integrity compromise. Structural Engineer put these 5 columns at 40% load. The signed/sealed architectural drawings and plans for remediation were submitted to the City yesterday. Excavation 5 feet down to reform these columns is the recommended remediation.


The former ‘Workshop Area’ on the North end was demo’d to increase parking spaces under the building. Water damage to columns is evident and must be addressed. Complaints of flooding were brought to management attention and could not be ignored. These columns need to be excavated down 5 feet to the ‘Crown’ and reformed. Project currently underway.


Scaffolding on the two North Towers. Currently, the Main South tower (the Lobby tower) is fully scaffolded and work is underway.


This is the far North tower (after the above picture), completed with stucco/paint and scaffolding removed.

Interior walkway damage is still evident on every floor.


Hazardous deck concrete spalding is being repaired. All balcony decks have been repaired and retextured.

Rotting baseboards have been removed and patched on every floor.

Problems being addressed:

Another one. This on every floor..


Exterior cleanup is being done.


Now for the good news. Rooms are being completed with a fresh new look!


Vented slats in the divider will provide air flow, as well as, a pocket door and blinds, we are ordering, for privacy. We also flipped the bed so their is now a direct path to the balcony door. Additionally, a second TV is added to the bedroom. This was done on floors 2, 3, 4 & 7 in the Bermuda, Bahama & Jamaican units.

Stay tuned. We will be getting more pictures of completed work posted in the next two weeks also with another BIG announcement for our owners!

Thank you for your continued support of The Maverick!

Board of Directors


Quarterly Board Meeting

 Wednesday – April 18, 2018, 9:00 AM


Update April 2, 2018

We have some Great News! The Maverick now has a permit to complete concrete repairs. In addition, the Head of the City’s Building Department personally visited the property last week and was pleased and supportive of our efforts to reopen. The contractor is evaluating the progress of the work and should have a good time-frame, within the next couple of weeks, for when the resort can be reopened.

Renovation of the first unit type, the Bermuda units, is nearing completion after which the renovation of the second unit type, the Bahamas will begin and so on. Meanwhile, concrete repairs are being completed while preparation for stucco is in full-swing (see pictures). Interior renovations continue with replacement of tile, drywall and painting, plumbing, electrical, etc. – all where needed. Meanwhile, we are working with our vendors on window treatments and other furnishings.

We thank you for your continued patience. Please know that we are doing everything we can to get the resort open as quickly and efficiently as possible while doing our part to ensure that your vacation experience will be everything it was meant to be. The Maverick will look great when the work is completed.

Thank you as always for your support and for your ownership at the Maverick.



Update March 7, 2018

The third mock unit will be completed this week after which three of the board members will do a walkthrough to see what changes are needed. Installation of tile in the Lobby has begun and the balcony decks are about 60% completed. Texturing and painting of the units continues and concrete repairs are now in progress. The fire protection system is being tested and updated to meet current code requirements. The new metal roof over the portico and the annex building have been installed and the rest will be completed once the stucco is done in those areas.

The contractor continues to work with the city on permitting. Once it is done, we should have a good time-frame for when the resort can be reopened. Please be patient and know that we are doing everything we can to get the resort open as quickly and efficiently as possible while doing our part to ensure that your vacation experience will be everything it was meant to be.

Thank you as always for your support and for your ownership at the Maverick.

__________________________________________________________________________________________

Update 2/2/18

More exciting news for the Maverick! The mock unit was completed (see photo below) and the Board walked through and made some revisions to ensure we have proper outlets, lighting, etc. The new units will have a more modern look to them and a “beachy” feel with some lighter colors instead of the dark colors we previously had. The contractor is now working on the second unit type, after which we will walk all of those units and repeat the process and it will carry on through the other unit types. Units that were near completion from the former contractor will be left that way for now (except for touch-up, floor replacement where needed, etc.) with the plan to renovate those units to make them all have the same look in the future. This enables us to stay within budget and re-open sooner.

Meanwhile, work on the Lobby has started. The floors have been prepared for tile and we are going through the design process for the check-in desk and Lobby area. The lobby will look more modern yet will also maintain some historical perspective. Work will also continue on cabling for television and the fiber optics for the Wi-Fi system. Once completed, we will have Wi-Fi throughout the property.

We also have an architectural rendering of the front exterior with which we are impressed overall, yet have requested a few minor modifications. Once completed we will share that in a future update.

Thank you as always for your support and for your ownership at the Maverick.

 



Update January 15, 2018

We have some exciting news for the Maverick and our Maverick Owners! We have chosen a contractor, had the contract reviewed by our attorney, revisions made as needed and the contract is signed. The contractor has already started on a mock unit so we can make some choices such as finishes, colors, etc. We are also in the permitting process with the city, which takes generally 2-3 weeks. While we are waiting on that, work not requiring a permit is being started, such as renovation of the Lobby, tile flooring, painting, etc. Once the permitting process is complete, we will be able to give an appropriate and accurate opening date. As we have work completed, we will update the website with that information, including pictures so everyone can see the progress, as it happens. This is a very exciting time and we look forward to getting this done and getting back to what we do best – serving our Maverick owners and providing great vacation experiences. Thank you all for your patience, your understanding – and most of all for your support.

 

Update: December 15, 2017

As of 12/15/17, we have received multiple bids on completing the renovations. The Board along with the management team is reviewing these bids and will be making a decision as soon as possible. Once the contract is reviewed by our attorney and awarded to the winning bidder, we will have an update for you with the 2018 opening date.

While we have been closed, the main booster pump system was replaced. This new system will give us better water pressure and will also be more energy efficient. Whereas operation of the old pump was essentially like having your foot on the gas and the brake at the same time, the new system will be like being on cruise control where the system gears up or down as demand increases or decreases. Over a period of a few years, the energy savings will actually pay for the cost of the new system. In addition, where the north-end units previously were on a holding tank system, the tank has now been by-passed which means that water in those units won’t have to run for a period of time to get clear, resulting in another savings in water costs.

One of the biggest complaints over the past few years has been the sleeper sofas. We will have brand-new sleeper sofas in all of the units and they are a good quality sleeper from Braxton with a Leggett & Platt contract mechanism and an upgraded memory foam mattress and upgraded fabric.

We look forward to being able to update you within the next couple of weeks at which time we should be able to give you our new opening date.

Thank you,

Maverick Board of Directors and Maverick Staff

 


Update: 11/10/17

The Annual Meeting of the Maverick Condominium Association was held on October 28. Two new board members were elected to the Board of Directors: Donnie Casey and Freddie Stephens, Jr. Welcome to the Maverick Board of Directors, Donnie and Freddie. We would also like to take this time to announce and welcome as our new Board President, Lance Douglas. In addition to the two board seats, membership approved Proposed Budget #2, Less Than Fully Funded Reserves which will mean an average of $625 for 2018 Maintenance Fees, Taxes and Reserves. Membership also voted to authorize the Board of Directors to pursue litigation against any party in the name of the Association involving amounts in controversy in excess of $100,000. In addition, membership voted to authorize the Board of Directors to draft and adopt a resolution to allow electronic notification. As we have more information on each of these items, we will update you.

The Maverick remains closed at this time due to the damage from Hurricane Matthew. The insurance claim is in the appraisal process and we are getting bids from other construction companies while working with our attorney to ensure we are within our legal boundaries. Within the next 30-40 days, by early to mid-December, we should have a new reopening date. Our main goal is to get the Maverick reopened as soon as we can, with the long-term goal of providing our owners and guests with a quality resort vacation experience.

For all of our owners who have lost a week or weeks due to the storm, the Maverick is giving you back your lost week, or weeks, to use at a later date and will honor the usage of the lost week up to 5 years from your deeded week. This time may be extended as the Board sees fit. Accommodations are based on availability.  Please contact the reservation department to book your lost week(s).

If any owner is interested in banking their deeded week with RCI and currently does not have a membership, RCI has a promotion right now, $59.00 for 1 year membership fee or 2 year membership fee for $100.00

To enroll: http://Discover.RCI.com and enter promotion code NewMbrOffer.

Thank you for your understanding and patience as we repair and remodel the resort and bring it back to being your home away from home.


If you have any questions, please call the resort.

Maverick Staff and Board of Directors

 



Maverick Logo Color

The Maverick Resort sits just north of  Daytona, the world’s most famous Beach.

This classic resort, recently awarded RCI Hospitality, stands on the longest beach front that still allows driving on the beach, a favorite past time of the locals. Before NASCAR and the Daytona Speedway there was racing in the sand from Ormond Beach to Ponce Inlet and back. The Maverick Resort is situated in a perfect location and just a one hour car ride to many attractions. From Disney World to NASA, there is something for everyone. This part of Florida boasts a range of interesting sports from kite surfing to motorsports. It is home to nesting sea turtles, migrating Right whales, incredible bird watching and year round dolphin activity.

485 South Atlantic Avenue
Ormond Beach, Florida 32176
(386) 672-3550

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