WHAT IS THE CLUB AT COCONUT CAY?
The Club At Coconut Cay is a private, member-owned, recreational club with
two-bedroom, two and on half bath villas style units. It also features a variety of amenities and services designed to provide
convenient, hassle-free visits. The Club has an ideallocation in Marathon, Florida, the heart of the Florida Keys.
HOW MANY MEMBERSHIPS WILL BE SOLD?
The Club at Coconut Cay will have only 192 full memberships available.
CAN A COMPANY OR CORPORATION
PURCHASE A MEMBERSHIP?
Yes. A Membership can be held in a corporate name. The Membership designates an individual
who is responsible for requesting lodging reservations in accordance with TheClub's LRPP.
CAN MORE THAN ONE FAMILY OR INDIVIDUAL OWN A SINGLE MEMBERSHIP?
Yes. Families or individuals may form a partnership,
trust or other legal entity which can own a single membership. It will be up to the joint owners to allocate Club lodging
for that Membership in compliance with the LRPP.
IS THE
CLUB A TYPICAL TIMESHARE DEVELOPMENT?
No. Timeshare is typically the ownership
of a specific week, and lodging availability is limited. The Club at Coconut Cay’s Members have access to all Club residences
and all Club facilities with the right to use anytime, subject to availability and the LRPP.The ownership structure and the reservation policies have been designed
to provide flexible use and ample lodging for both business and leisure visits.
WHY WAS
THIS CLUB CONCEPT DEVELOPED?
The Club at Coconut
Cay was designed to provide “second home” convenience and amenities with the higher levels
of service traditionally associated with expensive and less spacious luxury hotel stays. The club concept allows these desirable
features at a fraction of the cost associated with home ownership or expensive resort stays. Shared ownership reduces costs
and allows for a hassle free time off experience in one of the most beautiful places on earth.
HAVE
OTHER CLUBS BEEN DEVELOPED IN THIS MANNER?
Yes. This ownership concept has been well-received by buyers at some of the country's
premier resorts, such as Vail, Colorado; Telluride, Colorado; and Deer Valley, Utah. Each is owned and operated much like
The Club at Coconut Cay.
HOW OFTEN CAN MEMBERS USE THE
CLUB?
If
all Members use their Club equally throughout the year, each Member would have a minimum of 6 weeks use. However, there is
no limit to the amount of use. If some Members use The Club less than their available time, other Members will be able to
use it more.
HOW DOES
A MEMBER RESERVE CLUB LODGING?
Club reservation policies allow Members to reserve visits well in advance while
also accommodating Short-Notice Visits. In the fall, Members reserve their Annual Visits for the coming year. Reserved Visits
and Short-Notice Visits are reserved throughout the year.
WHAT IF THE NUMBER OF MEMBERS
WISHING TO STAY AT THE CLUB DURING THEIR DESIRED VISIT TIMES EXCEEDS THE NUMBER OF RESIDENCES AVAILABLE?
The Club has been
designed to equitably allocate visits when demand for lodging may exceed supply. A rotating priority reservation system insures
all Members will have equal access to peak-period Priority Annual Visits over the years. Reserved Visit and Short-Notice Visit
reservations are on a first-come, first-reserved basis.
WILL MEMBERS ALWAYS STAY IN THE SAME CLUB
RESIDENCE?
Not necessarily. To provide greater flexibility and availability, Members
have equal access to all Club residences. Members may request a specific residence and this request will be granted, when
possible.
CAN I
RESERVE MORE THAN ONE CLUB RESIDENCE DURING THE SAME TIME PERIOD?
Yes.
Because Members are not restricted to a particular residence, they can reserve more than one residence
of their membership type at any given time. It is possible that a Member could have as many as four residences reserved for
the same time period (using Annual, Reserved and Short-Notice Visit privileges) if they are available.
DO MEMBERS HAVE GUEST PRIVILEGES?
Yes. Guests staying in the same Club residence with the Member are not charged.
Members may also invite Unaccompanied Guests to use their confirmed Priority Annual Visits and confirmed Reserved Visits subject
to the LRPP. This allows corporate owners to provide employees, associates or clients with Club lodging. It also allows Members
to send friends and relatives.
DO MEMBERS PAY ANNUAL FEES?
Yes. The annual owner fees pay for
the professional management and operation of all Club facilities and amenities. Included in these annual dues are funds for
staff salaries, supplies, maintenance, window washing, trash removal, legal/accounting, fuel, utilities, property taxes, and a reserve fund.
It should be noted that the club is intended to function as a benefit for its members, not a profit driven entity
DO MEMBERS PAY ANY LODGING CHARGES WHEN THEY STAY AT THE CLUB?
No.
Members do not pay for use of Club residences. However, Members do pay for any additional services requested. (See
following questions.)
DO MEMBERS PAY HOUSEKEEPING CHARGES WHEN THEY STAY AT THE CLUB?
No. Members receive Light Housekeeping
Service daily, which includes fresh towels,
surface cleaning of the kitchen and bathroom, trash removal and bed making. Members and guests may request Full Housekeeping
Service at an extra charge. Please see the Financial Information sheet for Daily Housekeeping Service charges.
WHO ESTABLISHES THE DUES AND CONTROLS THE AFFAIRS OF THE CLUB?
When The Club Members take control of The Club as prescribed by The Club Documents,
which comprise The Club Declaration, The Club By-Laws, The Club Rules and Regulations and The Club Reservation Procedures,
and the Offering Plan, a Member-elected Board of Directors will establish budgets and fees on an annual basis. Prior to that
time the Sponsor/Developer controls the affairs of The Club.
WHAT IS THE QUALITY OF CLUB CONSTRUCTION, FURNITURE
AND ACCESSORIES?
Club construction
is of the highest quality with elegant furnishings in each residence. The accessory package includes bedding, linens, kitchen
utensils, cookware, flatware and silverware.
CAN A CLUB MEMBERSHIP BE RESOLD?
Yes. Like the Member’s ownership
interest can be sold or transferred by the Member, subject to The Club approval.
