Reef Village Update
The Ambergris Daily has been informed by members of the HOA and has been informed that there are 27 members, all of who have received their titles. Jeff Pierce has not actually titled his apartment and is therefore not a member at the present moment in time.
There are 54 more titles that have been issued and the HOE are hoping to distribute them this week but at present they do not have physical possession of them. This will lead to 54 more owners being able to join the HOA.
According to some the bank loans are very low and it is highly possible that the HOA will arrange to pay these off, and it is hoped that this will lead to further titles being issued.
The continuation of the building plan is unclear at the moment but there should be a press release in the middle of this month which will hopefully make things clearer. However the timeshare side is not being addressed by anyone at the present moment in time.
