MEXICOLO, INC. And MEXICOLO ASSOCIATES, LTD.
Mexicolo Associates Annual Meeting Minutes
February 20, 2025
Meeting held remotely – 6 pm MDT
Members present
Fred Schultz
Kevin Koernig
Susan Harvey
Luke Underwood
Mike/Amy Browne
Karlan Hoggan
Harvey Sender
Call to order – Fred Schultz at 6:10pm
Minutes from March 2024 approved
Election of officers 2025
Fred Schultz – president
Kevin Koernig – treasurer
Luke Underwood -Reservation Secretary
Susan Harvey- Recording Secretary
Report of E3 Trust transfer
After 12 years of multiple hurdles including Notario deaths and lost files due to fires, the E3 Trust is a signature away from becoming final, awaiting Lorena’s signature at Bancomer for trust transfer. Kevin Koernig and his sons are set up as beneficiaries. The trust is for 50 years, Vida trust has about 30 years remaining, also at Bancomer. Lorena has been paid $300 for her extra work on this project. The new Trust is in Kevin’s as well as his children’s names Rozette Kaylee Rivera and Jozpeh Rivera.
The Beach Club E3 membership will be in Jozpeh Rivera’s name. Kevin will continue to have the Vida Membership in his name.
He will evaluate the expenses of both units next year and see if there is any way to reduce the annual cost of a 10-day share.
There are still a few outstanding dues to be collected, as the dues amount increased last year to $450 per 7-day share/year and $500 per 10-day share. A special assessment of $260/10-day share to fund the trust transfer both dues and assessment will be billed at mid-year. Kevin discussed splitting dues payments going forward to lessen the financial impact on owners.
Reservation Report
Kevin reported a modest up-tic this year in visitation, especially January and February.
Luke indicated E3 was used for 89 days and Vida 45 days for a total of 134 days
Other Business:
WiFi Internet is now installed in both units to the delight of most members. Modest plumbing replacements are in progress at Vida. Both units are in adequate shape. There was a slide disruption of the cliff area at the Recif pool, with rumors of a special assessment but no one is aware of anything official.
Beach Club Memberships were paid for 2025, so are available for all E3 and Vida visiting owners for this coming season, despite the discussion last year about paying the daily rate and not getting memberships. Next year the E3 membership will transfer to Jozpeh Rivera (Kevin’s son) with payment of a new initiation fee.
Dick Young and Roland Shaw wish to sell their shares if anyone is interested, contact either of them for details.
Members need to be aware that anything they leave in the units (shoes and golf clubs were discussed) may not be there upon return. There are at least 12 sets of golf clubs at E3 for example. If anyone would be seriously impacted by their removal, please contact Susan Harvey (harvsm1@comcast.net)
Meeting was adjourned at 6:45 pm
Respectfully submitted,
Susan Harvey