Mexicolo Ltd Annual Meeting Minutes
January 28, 2026
Meeting held remotely on Zoom
Members attending: Fred Schultz, Pres;
Kevin Koernig, Treasurer.
Susan Harvey, Secretary.
Luke Underwood, Reservation Secretary (absent).
Harvey Sender, Ronald Snow, Karlan Hoggan, Julie Greibel
Meeting called to order by Fred Shultz at 6:10 Mt time
Minutes of 2025 meeting approved
No change to Board members
Reports –
Reservation Secretary – not present. Kevin shared that reservations were about 60/40 E3
Vida. Usage has been up this year, E3 is booked until March and then late March, Vida booked until mid-March.
Trust Update- The E3 trust was final this year after the dogged years long process spearheaded by Kevin. The title is in Kevin Koernig’s name as well as his 2 children.
Cost was estimated at $15,000 dollars, for 50 years. There was no special assessment except the extra dues payment last year.
Treasurer Report – Kevin has revamped the annual treasurer’s report, (see attachment) it enables budgeting and is easy to follow.
A number of members have failed to pay annual dues, despite repeated communication.
Decroce shares, Roland Shaw shares will fall back into the partnership after a final request from Kevin. Dick Young shares have also returned to the membership prior. The two shares are available for sale, market value would probably be $3000.
29.5 shares are in the current pool. With cleaning, utilities and maintenance, plus property taxes, HOA fees and Beach Club dues Kevin estimates cost at $578.42 per share billed in two installments of $300. The daily use fee will remain at $20/night.
Cash reserves stand at approx. $4000.00
The 2026 Budget was approved unanimously.
Member discussion:
Julie Greibel suggested an email train to document needs for units as parties visit. Karlan reminded group that all household items are widely available in Manzanillo, unlike the “old days”. Items needed can be purchased as recognized, and reimbursement can be arranged by Kevin.
Shares for sale – 3 currently at $3000/share if anyone is interested or has a contact who may be.
Vida will no longer be disseminating keys to visiting owners, so Luke will need to do this with the reservation information.
Meeting adjourned
Respectfully submitted,
Susan Harvey