OWNER NEWSLETTER 

May 5, 2020

Dear Fellow Owners,

We hope that all of you are continuing to do well and remaining safe.

The Board of Directors has a brief update on the status of resort happenings and local news regarding the reopening stages of South Florida.

While Florida Governor Ron DeSantis has moved some segments of the state to partial reopenings under Phase 1 guidelines, he has determined that Miami-Dade, Broward, and Palm Beach counties, which have been the most affected by the coronavirus pandemic, will remain under tighter restrictions.

As for our own oceanfront community, Lauderdale-By-The-Sea restaurants are still limited solely to carry-out service, and while local parks and boat ramps have reopened with restrictions in place, all beaches remain closed to the public.

Your CDS Board of Directors and management team have been participating in conference calls with the LBTS Chamber of Commerce, governmental officials of the Town of Lauderdale-By-The-Sea, along with several other local businesses, all in an effort to compare notes, share ideas, and discuss best practices for how we should reopen.

We have also counseled with legal experts to gain insights into what legal ramifications will be at stake with regard to reopening, and how best to prepare for everyone's safety and protection here at our resort.

This is a very complicated situation, and everyone we have spoken to agrees it is best to remain patient and get it right before reopening. There is no blueprint for any of this. While no dates have been decided upon for when to reopen, we feel that we are now moving much closer to having a projected opening date in the near future.

Costa del Sol has initiated the following procedures:

  • Brought staff back for proper training on cleaning processes based on CDC guidelines, and preparing the resort to open

  • Training staff on needed behavioral changes - how they will need to do things differently

  • Developing new written procedures and protocols for owner/guests for when we do reopen

  • Stocking new equipment and supplies needed for the new processes of cleaning and sanitizing (It is difficult to obtain some key supplies, and we need them prior to any opening.)


Based on all expert input and review, the Board of Directors is taking a cautious and thorough approach to getting many things in place before we reopen. Please know that we expect to be able to open soon, barring any set-backs. You can expect to receive new guidelines about how we will operate, what is expected of all owners/guests when at the resort and other pertinent details. Changes will be required for all of us based on the COVID-19 situation and governmental guidelines. We are doing our best to reopen the resort, just as soon as we can do so safely.

As for other updates:

The Board of Directors has recently been able to successfully renew our key annual liability insurance policy. We are fortunate to have an insurance industry expert on the board who has gone to great lengths to make sure we maintain our A-rated coverage going forward. In the South Florida market, it is getting more and more difficult to find insurers. This is an issue and will continue to be an issue going forward.

It should be noted that insurance carriers are now excluding communicable diseases and COVID-19 from coverage claims that arise from these illnesses. Unfortunately, our costs will more than double with the new policy. The reality is that the Board of Directors cannot operate without fully protecting both the resort and themselves as volunteers. More information will be forthcoming about this matter at a later date.

On a positive note, it appears that we have successfully been able to obtain some federal government financial support via the PPP loan program. This will enable us to keep paying our employees through some of this difficult time.

In summary:

  • We will be opening soon, date TBD.

  • We are working diligently to be prepared to meet the challenges of COVID-19 when we do reopen.

  • Financially, we are in relatively good shape despite the current economic situation. We face the challenge of offsetting the increase in insurance premiums and of not being in a position to gain rental income during the shutdown.

  • We continue to earnestly follow up on all unpaid maintenance fees, and have collected approximately 90% of budgeted fees to date. The association really needs all delinquent owners to pay immediately.

  • We have a marketing and sales plan in place and ready to go, once it is safe to implement.

  • The new AC chiller is in place and working well.

  • The maintenance staff is conducting some typical maintenance week work activities while down.

  • All staff are presently safe and doing well.

  • The new concrete tables are in, and the pool deck is refinished and looks great!



CDS BOARD OF DIRECTORS

John "JB" Ali, President
Barbara Turley-McIntyre, Vice President
Charles DeJean, Secretary
Doug Rousell, Treasurer

Dave Cornelison, Director

4220 El Mar Drive, Lauderdale-By-The-Sea, Florida 33308  |  954-776-6900  |  info@costadel.com

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Our ADA Accessibility Policy: Costa Del Sol is committed to facilitating the accessibility and usability of its website for all its visitors with disabilities. Costa Del Sol will be implementing, over time, the relevant portions or other standards to the extent required by the Americans with Disabilities Act (ADA) if applicable. Contact General Manager Sal Azemi with your accessibility questions. Please be aware that our efforts are ongoing. If at any time, you have specific questions or concerns about accessibility, please email us at manager@costadel.com.