| Fall, 1997 |
A new company, Playa La Jolla S.A. de C.V.,
starts marketing land in a new development on the Encanto beach. This
company is a partnership between Al Young and Danny Brown, and they envision
an upscale community where there are architectural controls to insure
consistency in buildings, civility guidelines, and upscale services on a
beach that has no city services. A master trust is in place.
Sales quickly become brisk as buyers show their interest in this vision.
|
| Early, 1998 |
Playa La Jolla S.A. de C.V. begins building
high-quality homes.
|
| Early 1999 |
Cameron Truesdell joins Playa La Jolla S.A. de
C.V. as a third partner. Sales continue to be strong
|
| Nov 1, 2000 |
The partnership of Playa La Jolla S.A. de C.V.
breaks up, with Cameron forming a new company, Fiesta Properties S.A. de
C.V. , that takes over providing the services in the association.
Cameron receives approximately 120 lots in the development as part of the
settlement.
|
| 2001 |
Individual trusts to individual owners continue
to be issued from Playa La Jolla S.A. de C.V, although the process is a
long, slow one. Land sales slow dramatically as buyers wonder what the
future of the development is.
|
| Nov, 2001 |
An advisory board of owners is elected to work
with Fiesta Properties in the coordination of services and problem solving.
|
| May, 2002 |
Fiesta Properties S.A. de C.V. announces they
are no longer interested in providing association services. They have
been doing so at a considerable loss each month. An owner meeting is
called on short notice over Memorial Day weekend - and the owners
overwhelmingly voiced a desire to form a new, completely independent
association that will manage the services and help deliver on the original
vision of Playa La Jolla. Fiesta Properties will continue to perform
the association services during this transition. Minutes of this
meeting are available on our Correspondence
Page.
|
| July 1, 2002 |
Monthly dues are raised to $50/month for
unimproved lots, $150/month for improved lots in an effort to cover the
costs of providing the association services.
|
| Aug, 2002 |
The board of owners announces they have been
working hard all summer to create the documents required to form a
non-profit Mexican corporation, work on owner participation and plan for the
financial success of the future association. A special assessment is
called for - $200/unimproved lot and $1,200/improved lot. These
funds will be used to cover the costs of formation and transition costs.
Newsletter issued.
|
| Sept, 2002 |
The owner Board of Directors announces the
following:
- Response to the special assessment and dues increase has been
extremely positive
- Tentative agreements reached with each of the 4 major land holders to
all participate in the new association going forward.
- Fiesta Properties has agreed to continue providing services until Jan
1, 2003. At that time, they will donate the equipment to the new
association.
- The new association bank account has been set up. Payments
should be payable to "Playa La Jolla Beach Club"
- Volunteer workdays announced to work on the clubhouse/pool area.
- Association Formation meeting announced for Nov 30th at 10:00 at
poolside.
|
| Oct, 2002 |
The owner Board of Directors announces the new
name of the association is officially: "Playa La Jolla Beach Club A.C.".
The association transfers the website to
http://www.playalajolla.com
instead of using Fiesta Properties.
|
| Nov 8, 2002 |
Association publishes drafts of formation
documents to all members for feedback. Announces
2003 Committees & provides more information on
upcoming workdays.
|
| Nov 20, 2002 |
Association publishes the last
newsletter prior to the Nov 30 formation
meeting.
|
| Nov 30, 2002 |
The Playa La Jolla Beach Club A.C. holds its
Constitutive General Assembly meeting in La Jolla. The Association now
has legal status as a non-profit Mexican entity.
|
| Jan 6, 2003 |
The Beach Club successfully transfers
responsibility for providing the monthly services to the members of the
community. Pepe Gamboa is managing the the services company.
|
| June, 2003 |
The Beach Club announces the successful
completion of the Beach Community Center power solution.
|
| Oct 21, 2003 |
The Beach Club implements increased pricing on
water deliveries to improved lots as announced on May 21. |
| Nov 1, 2003 |
The Beach Club hires a new vendor, managed by
Sam Jennings, to provide monthly services.
|
| Nov 29, 2003 |
The Beach Club holds it's 2nd annual "Ordinary
General Assembly" since it's legal formation. Bert Gillespie and Fred
Carpenter elected to the Board. Bill Bosmeny, Dave Crum, and Bill
Robert have all completed their Board obligations and are no longer on the
Board.
|
| Dec 4, 2003 |
Updated Internal
Regulations published, incorporating the changes approved by the Board
during 2003.
|
