SEAGULL NEWSLETTER FALL 2018

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SEAGULL NEWSLETTER FALL 2018 COCOA BEACH, FLORIDA October 1, 2018 VOLUME 41, NUMBER 3 A letter from your President HAPPY FALL! (DOES NOT APPLY TO FLORIDA) We are sure that some of you are feeling the coolness of the fall season, but not here in Florida. It has been a long hot summer and we are looking forward to a little break from the heat soon. Did you know that not only does Seagull have the lowest maintenance fees in Florida, but it is the only timeshare that has been able to keep your maintenance fees at the same for 10 years? You can thank the hardworking Seagull staff for helping to keep your maintenance fees down. We should all say an extra thank you to the staff for all the hard work they do. If becoming a member of the Board is something that you always wanted to do, please send a letter of intent to the Seagull. It can be a very rewarding job, plus you get to meet the Owners. We are all hoping that everyone will be able to enjoy their time this year at the Seagull and the weather is in your favor. Jack Robbins HOW TO CONTACT US: Phone: Direct to Unit: 321-783-4441 321-799-0373 800-386-6732 Email Addresses: General Info: resortinfo@seagullbeachclub.com Resort Manager: artfriedman@seagullbeachclub.com UPDATE ON THE 2018 ENDLESS SUMMER SALE We started our Endless Summer Sale back on June 1, 2018, by offering 1-Bedroom units in 5 weeks where Seagull owned more than two units at a special discounted price. Since the start of this sale, we have sold and closed on more than 10 Seagull units. For a limited time, you can own one of those 1- Bedroom units remaining in weeks 42, 43 and 44 for $1,000 plus the 2018 maintenance fee and a $50 processing fee; so for $1,435 you can own a timeshare here at Seagull Beach Club. If you buy a unit through this Endless Summer Sale you will not pay another annual assessment until January 2019. This Endless Summer Sale is being offered to owners and friends alike. Now is the perfect opportunity to share your home away from home with friends and family; but act quickly as this sale will be offered only until December 1, 2018 or until sold out, whichever comes first. There are only a few units left so be sure to check our website at www.seagullbeachclub.com for an up-todate listing of units available to purchase; then call our broker, Annette Shuntich at (321) 795-8488 or e-mail her at brokerannette@seagullbeachclub.com to take advantage of the 2018 Endless Summer Sale. INTENT FORM Please read your intent form. Misunderstandings often result from not reading this form thoroughly. Please make sure you put the correct week and unit number on all checks, money orders, and correspondence you send to us. If you do not know right now how you will use your week, please mark undecided on your intent form, and then update the intent, in writing, ASAP. All balances due on your unit (s) must be paid before you bank your week (s). This prevents a verification delay for Interval International.

Update from your Resort Manager. Everyone, Saturday, September 22 nd. This has been the longest, hottest summer that I can ever remember in my almost 25 years of service to Seagull. I will be really happy when fall finally arrives. Today starts Week 38 and Ray, Skyler, and I will be sweating heavily as we coat the walkways and pool deck. Shirley, Laurie, Lynn, and Vanessa will be deep cleaning all of the units. Debbie and Deanna will be organizing the office and streamlining our accounting systems so that we are ready to reopen on Week 39. All owners of week 39 see Seagull at its finest. We have started remodeling our bathrooms. They have been the same since the place was built in 1978. We are taking out the tub/shower sets and putting in walk-in showers. Unit 101 s master-bathroom has been finished and the other 2-bedroom units will be completed by the start of week 39. We have gotten a lot of positive feed-back on this project and we will be starting on the 1-bedroom unit baths as occupancy and our budget allows It is now Friday September 28 th and all of the walkways have been coated, as well as the pool deck. We have new sleeper sofas ordered for the 4, 2- bedroom units and they will be delivered within the next few weeks. The 1 st floor master bathrooms are finished and look impressive. Shirley and her staff have deep-cleaned all of the condos. All of the tile and grout have been cleaned and sealed in every room. The staff has worked very diligently to ensure that your resort will be a great place for our owners and guests to visit. Starting tomorrow, we will be full again as we have been for the longest time and finally, let me tell you that the budget for 2019 has been approved. We will have the same maintenance fees of $385 and $390 for the 10 th year in a row. No other time-share, maybe in the universe, can top that. Thanks for your time today, Art YES, YOU CAN!!!!... find lots of lots of useful resources on our website at: www.seagullbeachclub.com or our Facebook page at: www.facebook.com/seagullbeachclub In addition, you can find: --Most Recent Newsletter --Timeshare Calendar --Units for Sale --Endless Summer Sale Units Available --Units Available for Right to Use BE SURE TO CHECK IT OUT!!!! News from Seagull s Broker My name is Annette Shuntich and I am the Broker for Seagull Beach Resort. I can take care of any deed changes or units transactions that you may need. We are currently running an Endless Summer Sale which has been hugely successful. We still have 5 units for sale, so just give me a call or contact me at brokerannette@seagullbeachresort.com for any questions if you are interested!! It has been great working with many of the owners and getting to know the new owners joining the Seagull Family. I look forward to seeing you at the owners luncheons or when you are in the area, do drop in. Along with sales I also take care of all your deed work, buying, selling and transferring names and ownership of units to new owners and family members. We continue to market owners units as well and look forward to selling more. For a complete listing of units for sale, be sure to check our website or Facebook page under Units for Sale. Any questions please do not hesitate to contact me at 321-783-4441 or directly on my cell 321-795-8488. Kind Regards, Annette Shuntich BSc. Broker, Seagull Beach Club brokerannette@seagullbeachclub.com

SEAGULL BEACH CLUB Approved Annual Budget 2019 Operating Fund Income/Expense TELEPHONE AND UTILITIES Operating Fund Income 8810 Cable Television 4,100 ASSESSMENTS INCOME 8815 WiFi 36,000 6113 Annual Assessments 559,240 8520 Electricity 6,000 6003 Annual Assessments SGA Units 9,920 8530 Gas W. Heater/Laundry/Pool 20,000 6116 Property Tax Assessment 21,216 8535 Water & Sewer 2,340 Total ASSESSMENTS INCOME 590,376 8490 Telephone Equipment Fees 3,960 RENTAL INCOME 8540 Telephone Local & Long Distance 600 6200 Gross Rentals Received 8550 Trash / Dumpster 3,920 6202 Gross Rents From Seagull Units 15,000 Total TELEPHONE AND UTILITIES 76,920 6201 Gross Rents From Owners' Units 41,000 INSURANCE Total 6200 Gross Rentals Received 56,000 8310 Flood Insurance 31,550 6205 Less Amount Collected for Owner (30,000) 8330 Liability and Umbrella 33,950 Total RENTAL INCOME 26,000 Total INSURANCE 65,500 SALES INCOME OPERATING EXPENSES 6024 Brokerage Income 2,000 8603 Annual Assessments on SGA Units 12,320 6030 Deed Recording Income 5,000 8805 Broker Fees - In-House 4,700 6250 Gain on SGA Units Resale 0 8817 Depreciation Expense 500 Total SALES INCOME 7,000 8842 Activities/Picnic/Bingo/Socials 1,500 OTHER INCOME 8010 Advertising (Net Unreimb) 5,500 6015 Assess on SGR - Rt to Use 6,160 8841 Annual Meeting & Christmas Luncheon 150 6013 Assess on SGR - Resale 0 8410 Auditors/Contract Fees 18,000 6110 Investment Income (Loss) 1,800 8420 Bank Charges 500 6112 Late Charge on Assessments 7,000 8431 City Permitting Expenses 1,000 6224 Laundry Income 4,000 8415 Computer Maint./Updates 4,200 6052 Income Tax Refund 0 8441 Copier Maint & Printing 250 6114 Merchandise Income 1,000 8445 Credit Card Fees (Net Unreimb) 2,000 6115 Miscellaneous Income 1,000 8012 Deed Recording 0 Total OTHER INCOME 20,960 8820 Dues & Education 500 Total Operating Fund Income 644,336 8017 Employee Mileage Reimbursement 1,000 Operating Fund Expense 8830 Goodwill (Flowers, etc) 300 SALARIES 8843 Office Internet 700 8110 Housekeeping Salaries 64,000 8446 ITEX Fees 500 8115 Maintenance Salaries 36,720 8921 Laundry Room Supplies 4,000 8120 Management Salaries 117,260 8461 Legal Fees - Other 500 8125 Office Salaries 46,650 8730 Legal Fees - Foreclosures 1,200 8140 Security Salaries 33,470 8013 Licenses/Permits 1,000 8150 Bonus 7,500 8014 Merchandise Purchase 500 Total SALARIES 305,600 8015 Miscellaneous Expense 1,250 EMPLOYEE BENEFITS 8850 Office Supplies 2,700 8175 IRA Matching 3,120 8860 Radios/Emergency Phone 2,500 8196 Payroll Service 6,730 8880 Postage 300 8170 Payroll Taxes - SGA 25,700 8895 Video Supplies 150 8180 Staff Insurance Medical 25,100 Total OPERATING EXPENSES 67,720 8195 Workmans Compensation 6,730 TAXES 8190 Uniforms 500 8021 Property Tax - Real & Personal 21,216 Total EMPLOYEE BENEFITS 67,880 8024 Fees Payable to the Division 3,672 HOUSEKEEPING 8025 Income Taxes 0 8911 Furnishings 3,100 Total TAXES 24,888 8930 Linens 5,000 OTHER OPER (INCOME)/EXPENSE 8914 Supplies-Housekeeping 8,000 6985 UnallocPrYr OpFd (Surplus)/Deficit (23,650) 8660 Contract Services - Hskpg 9,500 9000 Contingency 3,958 Total HOUSEKEEPING 25,600 8892 Rent for Common Facilities 0 MAINTENANCE & EQUIPMENT Total OTHER OPER (INCOME)/EXPENSE (19,692) 8609 Annual Inspections (All) 800 Total Operating Fund Expense 644,336 8607 Contract Labor - Maintenance 3,500 Net Surplus (Deficit) from Operating Fund 0 8615 Elevator w/phone Service 5,000 Other Funds' Income/Expense 8611 General Maint. & Supplies 11,000 Other Income 8630 Lawn Maintenance & Pest Control 3,400 6119 Reserve for Replacements 108,324 8640 Pest Control (Rooms) 1,620 6118 Reserve for Wind Ins Deduct 9,180 8620 Pool Furniture, Etc. 1,500 6215 Interest on Reserve Funds 500 8650 Pool Supplies 2,100 Total Other Income 118,004 8625 Recreation Equipment 500 Other Expense 8608 Tools and Equipment 500 8016 Reserve Expenditures 108,824 Total MAINTENANCE & EQUIPMENT 29,920 8020 Insurance Deductible Reserve 9,180 Total Other Expense 118,004 Net Surplus (Deficit) from Other Funds 0 Total Surplus (Deficit) for All Funds 0

SEAGULL BEACH CLUB 4440 OCEAN BEACH BLVD COCOA BEACH, FL 32931 2019 INVOICE & INTENT ENCLOSED! FIRST NOTICE OF ELECTION OF DIRECTORS FOR THE SEAGULL CONDOMINIUM ASSOCIATION Notice is hereby provided that the annual election of the directors of Seagull Condominium Association, Inc. will be held on January 12, 2019 at noon in Cocoa Beach, Florida. VOTING: The election will be conducted by written ballot said ballot to be provided in the second notice of election in December. Members will be entitled to one vote per unit owned. CANDIDATES FOR THE BOARD: Any unit owner or one eligible person desiring to become a candidate for election to the board shall provide written notice to the association at the address provided herein by: a. Personal delivery b. Certified mail, return receipt requested c. Regular U.S. mail d. Facsimile e. Telegram Address: 4440 Ocean Beach Blvd, Cocoa Beach, FL 32931 The written notice of your desire to be a candidate must be signed and received by the association on or before December 2, 2018, which is 40 days in advance of the election. The written notice should include a Condominium Association Candidate Certification Form (contact the Seagull office for this form) and a letter notifying the association of your intention to become a candidate. The candidate may also include an information sheet no larger than 8 ½ x 11 inches in size describing the candidate s background, education, qualification and any other factors deemed relevant by the candidate. A copy of the information sheet will be provided to all eligible voters as part of the second notice of election. ADDITIONAL INFORMATION: Anyone desiring clarification, responsibilities, liabilities or other aspects of being a board member may contact the President, Jack Robbins, at 321-783-4441. These procedures are set forth in accordance with Florida Statutes and the Seagull Condominium Association By-Laws. 2019 INVOICE & INTENT ENCLOSED!

Invoice for 2019 Seagull Beach Club 4440 Ocean Beach Blvd Date: September 30, 2018 Cocoa Beach, FL 32931 (321) 783-4441 One Bedroom Units Maintenance/Operations $310.00 Reserves for Replacement 59.00 Reserves for Wind Ins. Deductible 5.00 Taxes 11.00 Total Annual Assessment $385.00 TOTAL DUE FOR EACH ONE BEDROOM UNIT PER WEEK: $385.00 Two Bedroom Units Maintenance/Operations $310.00 Reserves for Replacement 59.00 Reserves for Wind Ins. Deductible 5.00 Taxes 16.00 Total Annual Assessment $390.00 TOTAL DUE FOR EACH TWO BEDROOM UNIT PER WEEK: $390.00 **Assessments are Due January 01, 2019** *A $25 late fee plus interest will be added after January 31, 2019.* NOTICE: THIS WILL BE THE ONLY INVOICE YOU RECEIVE PLEASE COMPLETE THE FOLLOWING and Return With Payment: Amount of payment enclosed: Check # Unit-week number(s): Name of Owner(s): Address: City: State: Zip: Home Phone ( ) Work/Cell/other Phone ( ) Fax Number ( ) E-Mail Check Here to Receive Future Newsletters by E-mail **SEE OPPOSITE SIDE INTENT FORM**

INTENTION OF USE FORM FOR 2019 In our efforts to operate in a productive manner, we need your cooperation and help so we will know how to plan for the use of your unit in 2019. PLEASE READ, COMPLETE AND RETURN ALL FEES AND OTHER OBLIGATIONS MUST BE PAID IN FULL BEFORE ANY RENTAL, EXCHANGE, OR USE OF UNIT IS CONSUMMATED IN 2019. PLEASE PUT YOUR INITIAL ON THE LINE/S OF YOUR USE INTENT FOR 2019. 1. I WILL OCCUPY MY UNIT week(s). I will be held responsible for any damages, extra cleanings, etc., incurred during this time. 2. I WILL RENT THE UNIT week(s) and I will notify Seagull by mail, email or fax, who will be checking in. I will be responsible for any damages, extra cleaning, etc., incurred during this use. 3. I AM SENDING A GUEST TO USE MY UNIT-week(s) and I will notify Seagull by mail, email or fax, who will be checking in. I will be held responsible for any damages, extra cleanings, etc., incurred during this use. 4. I WILL DEPOSIT OR BANK MY UNIT- week(s) with an EXCHANGE NETWORK. IT IS MY RESPONSIBILITY TO CONTACT THE EXCHANGE COMPANY. Seagull does not contact the exchange company for me. I will be responsible for any damages, extra cleaning, etc. incurred during this time. 5. SEAGULL RENTAL PROGRAM. My Social Security Number for income reporting purposes is. As always, the maintenance fees have to be paid prior to placing the unit/s in the rental program and partial weeks are NOT eligible to participate in the rental program. The board of directors has decided on the rental program stated as follows: The rental program will be a pool system only. Units may be deposited up to a year in advance, but must be deposited a minimum of 8 weeks in advance of the start of the week being deposited. The unit can be withdrawn at any time, at no charge, as long as Seagull has not taken a deposit on a rental for that unit. All rental income less commissions, expenses and fees will be distributed directly to the owners. All units deposited in the rental pool and the Seagull owned units will share equally in funds paid out each week regardless of whether or not the unit was occupied. Units deposited less than 8 weeks in advance may be deposited as a Late Rental. Late Rentals will be added to the pool as needed based on the date each unit was deposited. Please note that once you notify Seagull that you will not be occupying your unit, your unit may be used for other occupancy for example swapping with another owner so that owner can remain in the same unit for multiple weeks. Participation in the rental pool income is determined by your Notice of Intent as filed and not on occupancy. 6. I AM UNDECIDED. I do not know at this time what I will be doing with my unit-week(s). I will notify Seagull by mail, email or fax what I plan to do with my unit-week(s) at a later date. Unit-Week(s): Signature of Owner/s: Verbal communication is not sufficient to file or change your intent. Intent must be in writing whether it is by e-mail to resortinfo@seagullbeachclub.com or sending a new intent form.