Dear Members

Financial issues
We took the decision NOT to increase the maintenance fees for the fiscal period 2010.  We did this not because additional funds are not necessary for the operation of the Resort and also to continue with the capital improvements but mainly because the uncertain economic situation is still a major concern. Even though it will be a challenge with ever-increasing prices, we will see how best we can manage the balanced budget over the next fiscal period during which time we hope that the overall situation will improve.

At the Annual Shareholders’ Meeting held on July 7th 2009, the budget for the fiscal year 2010 was approved as were the financial statements for 2008.

15-year celebration
Some of our long-standing members may remember that we officially re-opened as Bougainville Development N.V. on July 4th 1994. Therefore this year we proudly celebrated our 15th anniversary. During the week of July 4th to July 11th, we held the annual shareholders’ meeting on Tuesday, July 7th 2009.  On Wednesday July 8th, we hosted a formal function on our lawns to mark the 15-year milestone.  Shareholders, members, Board members employees and members of the business community were invited to a gala evening with beverages, snacks and speeches. One of the highlights of that function was the dedication of the Members’ Lounge to Lee di Giovanni who played such an important role in the history of the Resort to date. Employees who had been with the Resort for the full 15 years, 10 years and 5 years were also recognised with awards and commemorative certificates.

We are awaiting the pictures of the affair which we will post on tis website for those of you who could not be present.

A sincere measure of gratitude goes out to ALL those loyal members who have made this journey possible with their unflagging support over the years and, to celebrate the event, we have special logo’d items - “T” shirts, polo shirts, caps and luggage tags for sale at very reasonable prices and we encourage you to take advantage of the opportunity to have these souvenirs on your next trip to the Resort.

Planned improvements
While we are carefully watching our finances, there are some much-needed improvements that we will undertake during the current fiscal period.

 •Replacement of the air-conditioning chiller system at Phase 2
 •Replacement of the elevator at Phase 2
 •Based on the availability of units, continuation of the changing of the air-handling units in the rooms including a change of the valves and thermostats
 •Continuation of the Phase 2 room renovation project
 •Construction of a new sign at the main entrance

Sale of fixed weeks
After the process of repossession of units from members who were financially delinquent for an extended period, additional inventory has become available which we are offering to the members at very attractive prices for a limited period.

Please contact Bianca at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , or call her at the Resort (297) 587 4000 ext 177 to get further details of this clearance inventory sale so you can spend more time in your Caribbean paradise, use it to exchange to various other exotic destinations around the world or just upgrade your existing accommodation.  This offer is on a “First come first served” basis so we encourage you to contact Bianca immediately and check availability. In Bianca’s absence, please contact Jessica Robles de Medina at the Resort.

Reminders
 •Please advise the Resort if you will not be using your week as you may be able to benefit from a rental opportunity or preventative maintenance could be scheduled for the unit.
 •Dehumidifiers and suction grab bars are available subject to availability by contacting the Housekeeping department at extension 165.
 •Please pay your maintenance fees on time to make sure the resort has the finances to properly operate.
 •We encourage you to patronise the concessionaires on property while you are at the Resort.

Communication
As a means of reducing our ever-increasing expenses, we are planning to place our Newsletter on the website which will save us in production and mailing costs. With the advance in technology, this is a viable development which other Resorts are using as well.

We also invite you to visit our website at www.paradisebeachvillas-aruba.com where there will be a Resort update at least very two (2) months.

Thanks once again in advance for your continued support and we look forward to seeing you at the Resort during your next visit.

Andy Osbourne