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1.0 Purpose and Description Statement:
Pine Island RV resort is the owner of certain real estate, and will continue to develop the property as a private Recreational Vehicle Park/Campground Resort. These properties are owned by the members for the purposes of recreation, to share fun times with friends and family, and enjoy the Grand Lake area.
2.0 Objectives Statement:
The Resort intends to sell over 2500 Memberships (ownerships) in the park. A Membership shall give the member and members guests the right to use the common property. The Resort shall maintain mutual and beneficial restrictions, covenants, conditions, and restrictions; and charges to protect the membership and guests, as provided for in the By-Laws and Regulations of Pine Island RV Resort. The Resort will maintain its not for profit corporate status.The resort intends to maintain, update technologically, and further develop the park facilities in accordance with the long range business plans; majority of the membership; and local, state, and federal regulations.
3. 2006 2011 Primary Planning Strategies
The following strategies and action plans are the focus of the business going forward for Pine Island. We believe that concentration toward these five objectives will cause the return of growth, provide good management and cost control, and allow Pine Island to recapitalize the infrastructure in need or repair and replacement over the next five years. These strategies and action plans are fully detailed and as an action item is completed, new action items are constantly being added. Our membership, employees, and the Board of Directors are constantly looking for different approaches and action items that will help and assist us in accomplishment of each primary strategy.
Strategy 1: New Sales Programming to increase membership of Pine Island RV Resort by significant factors of 25% or more. A low cost membership that is affordable to all, the working involvement in RV Shows, membership in the Chamber of Commerce, increased advertising, and working with RV dealers are the core to achieving our objectives in new membership sales.
Strategy 2: Cost Control and Budgeting that will balance the income to expenses, to create a Cash Account for balancing the expense cash flow in lean and surplus income months, increasing dues and assessments where needed, decreasing costs where opportunities exist, establishment of a cash reserve fund for operations, separation of capital improvement funds, and monthly budget line item accounting are central to our objectives for a balanced budget.
Strategy 3: Creation of an ongoing Capital Fund for major additions and improvements to the primary assets and infrastructure of Pine Island. The Water Fund has been redesignated as the Capital Fund. Any new moneys collected will be used exclusively for major capital improvements. We desire to take a portion of the annual dues, when we get our membership back up, to be set aside for capital improvements. A preliminary capital expense wish plan is noted below.
Strategy 4: Convert unused property assets to establish capital for infrastructure improvements. The concept is to sell off excess property that we don't use and we have had no plans to use, to create a capital budget for infrastructure and building improvements. The property to the north of the indoor fishing dock along the lake and inlet is targeted for sale. A preliminary estimate of the land value was placed at $500,000 pending a survey.
Strategy 5: Create a full occupancy objective for Pine Island RV Resort. The concept is to create year round occupancy at the park through a series activities and Snow Bird occupancy during non-peak seasons.
Estimated Capital Planning 2006-2011
1. Curb Appeal $20,000
2. Eagle's Nest Building $30,000
3. Replace / Update Docks $30,000
4. Children's Playground $12,000
5. Teen Center 3,000
6. Outdoor Pool $14,000
7. Indoor Pool $45,000
8. Overlay Roadways $150,000
9. RV Sites Upgrade $100,000
10. Welcome Center $120,000
11. Rental Units $320,000
Total Requirements $844,000
A more detailed copy of the plan and its associated financial assumptions are available to our members upon request.