It has been a pleasure to serve you on your Board of Directors for the past (8) years. Since I support term limits, I believe it is time for new ideas and expertise to replace my own, therefore I will not seek election to your Board for another term. In order for this to be possible, there must be other homeowners who are willing to devote time, energy and expertise to this organization.

I have served with an excellent Board of Directors and Manager, who work tirelessly to represent your interest for a relaxed, enjoyable and fun vacation at Peppertree Maggie Valley. I will continue to support the Board with my suggestions through the survey form that is given to each of us at check-in. This is an excellent tool for improvements or praise that you have for your resort stay. Our manager reads each of these, along with his other duties, and tries to weigh all our many differences and preferences and suggest the best solution to the Board.

The Peppertree Maggie Vallley Board of Directors and Manager are dedicated to our mission “To maintain and improve the operation of the resort and its facilities in a manner that provides owners and guests with the best possible vacation experience at a reasonable cost’. Please come and join us on November 15, 2008 at (1PM) for your Homeowners Meeting at the Maggie Valley Inn or send in your proxy to elect a new member to your Board of Directors.

Clois Witt,
Secretary

Treasurer's Report

It is the time of year to update you on our financial status This has been another exciting year as the Maggie Valley Club has opened several new facilities. Two more of our buildings have been renovated, and a new roof on buildings 22 and 23 Your Board has made many major decisions with regard to decorating, flooring and other concerns and is now prepared to move forward with the complete plan for the renovations. We will be doing buildings 7- 12 in 2009 so we ask patience of the owners that will be affected by these renovations and hope the upgrades are enjoyed.

From a financial perspective this has been another challenging year as we cope with aging water heaters, appliances, plumbing and other repairs. We are making progress and improvements are being made. These improvements and repairs prove to be expensive Along with increasing rates for electricity, cable, telephone and other services we must increase our rates to provide a facility we can enjoy during our time in Peppertree Maggie Valley. We are running over budget for the second year and must move to counteract the deficit. Therefore we are recommending a $24 per week increase in the rate to $477 per week, which is a 5.3% increase. We continue to show a strong financial position but we do need to keep up with the maintenance of our units to provide you with the best vacation at a reasonable cost.

We ask for your help in reducing some of these costs by making sure lights, TV’s, appliances and fans are turned off. Minimizing water usage is another way you can help reduce costs and conserve water. Think GREEN!

The Board looks forward to your support and we certainly appreciate your patience as we continue this major renovation project and repairs that must be made. The Board, Joe and the staff hope you enjoy your vacation in Peppertree Maggie Valley.

If I can be of assistance you are welcome to contact me at gstivland@nc.rr.com.

Gary Stivland,
Treasurer

President's Message

”Thank You” for your prompt response and support in returning your Reserve Contribution this past year.. We should complete phase one buildings in January-February. Your support of the reserve contribution demonstrates the loyalty and character of the Peppertree Maggie Valley Family. In reading Gary Stivland’s (Treasurer) article you can see the need for conservation and a commitment to continuing our strong financial position at the resort. Our resort is one of few in the country that a family and friends can enjoy for a very reasonable cost. Throw in a little golf if you’re a golfer and it cannot be matched. I wish all of you a great vacation year. Please comment on the changes to Joe and the staff and you can contact me at pjsjr329@yahoo.com.

Pete J. Santora, Jr.
President

From the Management Office

I hope all those owners that have units in buildings one through six are enjoying the improvements we have made in those units. This major renovation has been kind of a “work in progress” to be sure we are making the best decisions for the good of the owners and to decrease maintenance and housekeeping costs. If you have suggestions about things we might improve, please don’t hesitate to let us know about them. We welcome your comments and concerns.

Beginning in January we will begin another series of refurbishments in buildings seven through twelve. This will be the largest project do date because we will be doing twelve units at one time instead of the eight we usually do. Only two buildings (four units) at one time will be under construction so we can keep any inconvenience to our owners at a minimum. Many of you who own weeks during January and February will likely be getting a call from Nancy or Marcia asking if we can reschedule your week to another time during the year. Please bear with us during this period. I think you will appreciate the results. The special assessment you paid this year is allowing us to do a better and faster job with the refurbishments than we would have otherwise been able to do.

November 15th is the date and time for the Annual Homeowners Meeting. Please plan to attend if you can. Watch for your invitation to the annual meeting to arrive in your mail in October. The Board of Directors and I like to have all the owners present that can come to hear their feedback. If you have any questions about the meeting please cont act the Property Management office.

Steve mentioned in his article that some of our owners have been approached while visiting other resorts or at home by members of the sales staff of Outfield Marketing who have made some false statements about Peppertree Maggie Valley during the sales presentation. Two of the statements being made are that “Peppertree Maggie Valley is not in good financial condition” and that “Peppertree Maggie Valley is going to go out of business” if the owners do not convert their week to the Festiva Adventure Club. These statements simply are not true. Peppertree Maggie Valley is in excellent financial health and is not in any danger of going out of business. I am not advising our owners for or against joining the Adventure Club if that is what they want to do and it suits their vacation needs. I just want them to be aware of the facts before making a decision. If you, our owner, decide that you do want to join the Adventure Club, be aware that you will be signing over the deed to your week here at Peppertree Maggie Valley to the Adventure Club. In addition you will pay an up-front membership fee and your annual maintenance fee to the Adventure Club will be higher than your annual maintenance fee here at Peppertree Maggie Valley.

If you have any questions about this or any other part of your ownership here at Peppertree Maggie Valley, please don’t hesitate to contact us here at the Property Management Office.

You can contact the Property Management Office by phone at: 828/926-3761 Monday through Friday 8:00 AM to 5:00 PM, email us at: contact@peppertreemv.com, or write to us at: Peppertree Maggie Valley, P.O. Box 760, Maggie Valley, NC 28751 Attn: Board of Directors.

Joe Moody
Resort Manager

Important items to remember:

Broker's Corner

It’s hard to believe that we have gone through another summer at Maggie this quickly and another presidential election is fast approaching. Time sure does fly when we’re having fun. Gas prices this summer have had some impact on our rentals but we are close to last year’s numbers. Remember; if you can’t utilize your week, list it early as we rent in the order the listings are received.

Several owners this year have added adjacent weeks to the ones they already own; staying two weeks instead of one, it sure saves gas. Contact me if you would be interested in ajoining weeks and you will be put on the “Wish List” if one is not available at this time. One week is just not enough.

The golf scramble owners of weeks 34 and 35 feel a challenge is in order for the week 23 and 24 owners . Seems that we have the best turnout for the scramble during those four week The Talberts and the Hagers are in charge of this mythical scramble with Joe providing over one thousand dollars in prize money… I told you it was mythical.

On a serious note. Our owners have been reporting that they have been approached at several resorts and have been told that Peppertree Maggie has been sold and that they should upgrade. As I wrote several issues ago, we are owned by us , the owners. There is no need to spend additional money and sign your deed away to join a club. The vacation you already own here is a great value and there is no need to change.

Don’t forget to reserve your copy of the Peppertree Cook Book. Included is the world famous Thursday afternoon Wine & Cheese rollup rescipe among many others. Be safe and I look forward to seeing you all the next time you’re here.

Steve Fogg,
Broker

Notes from Nancy

Our executive housekeeper, Pat Holub aka “Broomhilda”, recently suffered a severe heart attack.

We are happy to proclaim her on the mend and hopefully she can return to work in the not too distant future. If any of you would like to send a card or note to Pat just address it to our management office and we will see that she gets it.

In Pat’s absence the rest of the housekeeping and maintenance crew are working hard to keep things running smoothly.

Our cookbook is almost ready for publication. If anyone has not sent their favorite recipes to us you still have a few weeks to do so. Marcia and I have so enjoyed working on this. It has been fun going over all the recipes and testing some of them.

Our maintenance fee bills for 2009 will be going out in December. Remember, if paid in advance of the outgoing billing, your name is put in a drawing for usage of a free week subject to availability. If you have more than one week and they are paid ahead, your name is put in the drawing as many times as weeks pre-paid.

It is also possible to send in monthly payments on your 2009 fees. Just put “2009” on your check and the payments will be credited to your account. We have quite a few owners who make monthly payments on their fees for the upcoming year.

Over the past few months we have gotten calls from owners who have visited at some of the beach resorts and have been told by sales personnel that Peppertree Maggie Valley is owned and operated by Festiva Resorts. We would just like to report that this is not true. You, our owners, own Peppertree Maggie Valley. Your resort is independent of all other resorts and is managed by your Board of Directors and Property Manager. Your resort is in very good “financial shape” and is in the process of being totally renovated. If you ever have any questions regarding this matter give us a call. Your Property Manager, Joe Moody, or Broker on site, Steve Fogg, will be happy to speak with you and answer any questions or concerns you might have.

Further, being an independent resort we honor all types of reservations: owners coming in, exchanges (RCI and II), owner rentals, Vacation Club and Festiva Adventure Club reservations. The types of reservations vary each week: depending on how many owners come in, bank their units, place their units in the rental program, etc. To date this resort has less than 200 Vacation Club weeks and less than 100 Festiva Adventure Club unit weeks available out of the possible 2080 unit weeks here at the resort on a yearly basis.

In January, February and early March of 2009 buildings 7-12 will be renovated. Marcia and I will be contacting owners during that time frame as some of the reservations will need to be moved due to the renovating. The end results will be well worth it!!

We receive many calls from owners with upstairs villas who have difficulty with steps. If any of you “downstairs owners” don’t mind being moved to an upstairs villa give us a call and we will note it by your reservation. This might help out someone who has difficulty with steps.

Nancy Blanton,
Office Manager