The 2024 Annual Meeting of the PTVO Owners Association was held on Thursday, June 6, 2024 at 10:30 AM (ET) in the Activities Room of the Club Wyndham Cypress Palms Resort in Kissimmee, FL. The meeting was recorded and can be watched by clicking on the below button.
Voting for the 2024 Election of Directors is now closed. It was announced during the meeting that Mr. Jeff Pank was re-elected for a 3-year term.
The Board consists of three members, with two seats elected by all of the voting interests (including Wyndham) and one seat elected solely by the non-Wyndham voting interests.
All Members in good standing (current on all Maintenance Fees) are eligible to serve on the Board of Directors. Members may submit their nomination via the website listed below. To be placed on the ballot, your nomination must be received no later than April 1st of each election year.
What is the role of the PTVO Owners Association Board of Directors?
The PTVO Owners Association Board of Directors is composed of three elected Directors, one of which is elected solely by the non-Wyndham voting interests. The role of the PTVO Board is to set policy and make decisions related to the operation of the Association, to set the annual Association Budget, to monitor the Association’s financials, to manage and maintain the whole units owned by the Association (units in which all 52 weeks are placed into the Club Wyndham Access Vacation Ownership Plan Trust), to enforce the Association’s governing documents, to represent the interests of CWA members in the owners associations that govern the resorts that are part of the Club Wyndham Access Vacation Ownership Plan, and to contract with professionals such as the management company, contractors, vendors, accountants, and attorneys. Each Director is elected for a three-year term, with the terms staggered so that only one Director is elected each year.
What are the qualifications to serve on Board of Directors?
Pursuant to the Association's Bylaws, the qualifications to serve on the Board of Directors are as follows:
All nominations will be reviewed by the Nominating Committee. Those nominees who meet the qualifications will be placed on the ballot.
What happens if you're elected?
If elected, you will be expected to participate in three or more Board Meetings each year. Board Meetings are conducted via teleconference / Zoom. You will also be expected to attend the Annual Meeting of the Association in person. Directors are not compensated; provided, however, that in accordance with the Association's Reimbursement Policy, a Director may be reimbursed for the reasonable costs of any travel, meals, accommodations, or related expenses incurred by such Director in order to attend an Association meeting.
Important Notice:
Effective January 1, 2024, property owners associations are required to comply with the beneficial ownership information reporting requirements within a new US federal law called the Corporate Transparency Act (31 U.S.C. 5336). As such, upon election to the board of directors, you will be required to obtain, and provide to association management, an ID number provided by the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This ID number will be utilized by association management to ensure beneficial ownership information of the association is up to date with FinCEN in compliance with the Corporate Transparency Act.
To obtain a FinCEN ID number, you will be required to submit to FinCEN certain personal information including your name, date of birth, residential mailing address, and a copy of a driver’s license or passport. Please consider this board member obligation as you decide whether to submit your nomination. Failure to comply with this federal reporting requirement can result in financial and criminal penalties to the board members and the association. For more information, please visit https://www.fincen.gov/boi.
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