Tuesday, June 2, 2020

  WELCOME TO THE ASSOCIATION WEB SITE. 

PLEASE REGISTER TO VIEW RESTRICTED PAGES.

NEWS YOU CAN USE 

DATE HC WILL REOPEN IS NOT CERTAIN. BE CAREFUL OF RUMORS.

SEE MOST RECENT INFORMATION AS OF 5/28/2020 HERE.

WHEN HC REOPENS IS WILL BE SUBJECT TO STRICT PROTOCOLS. SWIMMING POOL PROTOCOLS HERE.

 

THE EFFECTS OF COVID-19 

URGENT NOTICE

DUE TO THE COVID-19 VIRUS AND THE VARIOUS GOVERNMENTAL ORDERS
THE FOLLOWING COMMON AREAS ARE CLOSED:

GYM, POOL, CLUBHOUSE, SPA, CONFERENCE ROOM

THE FOLLOWING COMMON AREAS ARE OPEN:

BEACH FOR SWIMMING AND EXERCISING, TENNIS COURT, PUTTING COURSE, CROQUET COURT, DOG RUN

PROVIDED THAT ANYONE USING THESE AREAS COMPLIES WITH SOCIAL DISTANCING RECOMMENDATIONS

 

OWNERS, AUTHORIZED USERS AND INDIVIDUALS ACCOMPANYING AN OWNER OR AUTHORIZED USER MAY ENTER HAMILTON COVE.

SHORT TERM RENTERS AND GUESTS NOT ACCOMPANYING AN OWNER OR AUTHORIZED USER MAY NOT ENTER HAMILTON COVE.

Avalon City Council passed an emergency ordinance on March 25, 2020 with the following measures:

  • Non-hotel transient occupancies are prohibited, and the right to conduct a transient occupancy either through a conditional use permit or grandfathered conditional use permit are suspended, during the period of local emergency, unless the transient occupancy is for a person performing any work necessary or providing any services to Essential Businesses or Essential Infrastructure or Healthcare Operations, as those terms are defined in the Los Angeles County Safer at Home Order, as may be amended.
  • New transient occupancies of city-owned moorings are prohibited for non-residents during the period of local emergency and only owners of moorings may use their moorings, they cannot be used by non-owners. 
  • A copy of the ordinance is available on the City of Avalon web site: cityofavalon.com.

HAMILTON COVE EMPLOYEES DEEMED ESSENTIAL

Los angeles County Safer At Home Order deems the following as Essential Workers:

Plumbers, electricians, exterminators, custodial/janitorial workers, handyman services, funeral home workers and morticians, moving services, HVAC installers, carpenters, vegetation services, tree maintenance, landscapers, gardeners, property managers, private security personnel and other service providers who provide services to maintain the safety, sanitation, and essential operation to properties and other Essential Businesses.

Hamilton Cove employees will continue to secure and maintain the buildings and grounds. Their health will be monitored and they will maintain social distancing. 

2020 BUDGET LETTER HERE

2020 BUDGET HERE

 

2019 AUDITED FINANCIAL STATEMENT AVAILABLE HERE

 

 

CATALINA ISLAND WATER TUTORIAL HERE

FAQS RE WATER HERE

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The Annual Meeting was held on 12/7/2019

98 Owners attended the vast majority by Proxy or mailed in ballots

The following were elected to the Board

MARTIN CURTIN 112 VOTES
BART GLASS 95 VOTES
RICH KIRSCHNER 93 VOTES

THE BUDGET FOR 2020 HAS BEEN DELAYED

 

 

12/07/2019 ANNUAL MEETING MINUTES HERE

2019 PRO FORMA BUDGET HERE

 

AT THE SEPTEMBER 21, 2019 BOARD MEETING, THE BOARD APPROVED REVISIONS TO THE RULES AND REGULATIONS.  

RESTATED AND REVISED RULES AND REGULATIONS EFFECTIVE 9/21/2019 HERE

SCEHEDULE OF FINES HERE

 

UNFORTUNATELY, THE MOST FREQUENT VIOLATORS ARE SHORT TERM RENTERS. THE SECOND MOST FREQUENT VIOLATORS ARE THE CHILDREN AND GUESTS OF OWNERS WHEN UNACCOMPANIED BY THE OWNERS. VIOLATIONS BY OWNERS THEMSELVES HAVE BEEN INFREQUENT. HOWEVER, OWNERS ARE RESPONSIBLE FOR ANYONE THEY CAUSE TO BE PRESENT AT HAMILTON COVE. IT IS PARTICULARLY UNFORTUNATE WHEN OWNERS ARE PRESENT AT HAMILTON COVE AND THEIR ENJOYMENT IS DIMINISHED BY OTHERS VIOLATING THE RULES.

NORRIS BISHTON, PRESIDENT

 

SUMMARY OF INSURANCE 2019-2020 HERE

LEARN ABOUT HAMILTON COVE HERE

2019 DISCLOSURE STATEMENT PART 1 HERE

2019 DISCLOSURE STATEMENT PART 2 HERE

 

LARGE ITEM PICK UP HERE

DO NOT PLACE LARGE ITEMS NEAR OR IN THE TRASH BINS UNLESS YOU HAVE DONE THE FOLLOWING:

 

Each Unit or residence at Hamilton Cove is allowed three large item pick up calls per year. A maximum of two items may be included for each call.  Items included in this program are furniture, appliances, BBQ grills, bikes without the tires and e-waste products such as TV's, computers and printers.  To schedule a pick up an Owner should call Avalon Environmental Services at 310-510-0240.  Avalon Environmental Services will let the Owner know which day it will be picking up the item.  Pick up days are Tuesday, Wednesday and Thursday.  The item needs to be taken up to our maintenance building area and placed near the large trash bins.  On a piece of paper attached to the item the owner should write the date the item will be picked up and their unit or residence number.

 

HISTORY OF WATER AT HC THRU 12/31/15 HERE                     ___________________________________________________

FINANCING AND REFINANCING A UNIT

    A number of Owners and prospective Owners are having difficulty refinancing their Units.  The problem is that Fannie Mae and Freddie Mac classify Hamilton Cove as a condotel.  The second problem is that 27 Units remain as subleases.  This number is down from 66 when the Association purchased the fee.  This is because lenders are requiring an Owner/Sublessee seeking to refinance or a buyer of a subleased unit to purchase the fee. 

    Hamilton Cove is not a condotel and it does not meet the definition of a "condotel". The Association does not have a rental pool or a rental desk.  It does not participate in rentals in anyway. 

    With regard to subleases, the Association informs lenders as follows:

The Association owns the land where the project is located.  The Association has transferred a condominium interest in fee to 145 Owners. The remaining 40 Owners are purchasing the fee interest in their condominiums over time by paying the Association $419.67 a month.  At any time they can pay the remaining balance of the purchase price and obtain the fee interest in their condominiums. The 40 Owners currently have an undivided fee interest in the land where their unit is located and the Common Area. When an Owner purchasing his or her fee interest by monthly payments to the Association sells or refinances his or her condominium, the balance of the purchase price is paid, and the Association then transfers the fee interest in the condominium to the Owner.

    The Association continuously receives forms from prospective lenders which it has to fill out.  While many of the questions are similar, no two forms are the same. The Association will try to assist Owners or prospective Owners with their efforts to obtain a loan.  The best way to obtain assistance is through an e-mail to the Association describing the problem.

    AS UNITS ARE FINANCED OR REFINANCED THE ASSOCIATIONS ATTEMPTS TO LEARN THE IDENTITY OF THE LENDER AND LOAN BROKER, IF ANY.  CONTACT THE OFFICE IF YOU WANT THIS INFORMATION.

   __________________________________________________________ 


A NUMBER OF OWNERS PARTICIPATING IN THE MASTER LAND LOAN ARE EXERCISING THEIR OPTION TO PURCHASE THE FEE, TAKING ADVANTAGE OF LOW INTEREST RATES. INTEREST ON THE MLL IS 6.25%.


 

 

 FINANCIAL STATEMENTS

2016 AUDITED FINANCIAL STATEMENT IS AVAILABLE. SEE FINANCIAL STATEMENT TAB.


MONTHLY COMPILED FINANCIAL STATEMENTS AVAILABLE.

GO TO FINANCIAL STATEMENTS TAB.


 

TRANSFER FEES APPROVED 7/1/17

 

            i)  Sale or transfer of a Unit by a Fee Owner–$250;

    ii) Sale by Assignment of a Unit by a Sublease Owner – $500;

    iii) Refinancing by an Owner--$500;

    iv) Financing a Unit by a Purchaser to be paid by Purchaser–$500;

    v) Refinancing a Unit by a Sublease Owner–$500;

    vi) Payment of his or her pro rata share of the Master Land Loan by a Sublease Owner together

    with the acquisition of a fee interest in his or her unit–$750;

    vii) Sale by a Sublease Owner involving purchase of the fee--$750

 

 

 

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