gm letter: Auction and bod march 12th

April 7, 2022

Dear San Francisco Suites Owners,

April means baseball and tax time. First, here is a gentle reminder that the second installment of the property taxes is due on April 11. If you have not received your tax bill because you are a new owner or moved and did not contact the Tax Board with your new address, I can help you pay your property taxes online:

  • Sftreasurer.org

  • Property Tax payment

  • 0256T – 139P or 039P

  • Open the bill and pay it with a credit card

Secondly, the SF Treasurer and Tax Collector will be holding an auction for owners who have not paid the past taxes and are now in default. SF Suites have received back shares through the foreclosure process that also have defaulted taxes. The Suites are not able to sell these shares which is the reason we have the Adopt A Share program to collect the assessments.

The tax default auction will be held online at https://sanfrancisco.mytaxsale.com

April 22-24

You must register online and send in a deposit of $5,000 + $35.00 processing fee by April 14
If the shares are not sold, they will be reoffered at a second auction:

May 6-8

The minimum bid will be a lessor amount.
You must register online and pay the $5,000 deposit +$35.00 processing fee by April 25
Here are the SF Suites shares that are up for auction:

88P $2,542.98

5P $2,372.88

70P $2,071.92

219P $1,937.16

229P $2,145.12

242P $1,923.50

The new Buyer will also need to pay the 2022 assessment of $1,453.00

Please find the Terms of sale on the link below:

Thirdly, spring baseball season begins on Friday, April 8:

  • SF Giants play the Miami Marlins

  • Oakland A’s play the Philadelphia Phillies

Call the concierge staff to secure your tickets for the season.

Lastly, Saturday, March 12, the Board of Directors held the first in person and Zoom meeting in the Board Room in 2 years due to the pandemic restrictions. The ballots were counted on Zoom by the Inspector of Elections. Please find the minutes of the March 12 Open Session Board Meeting and the election results on the link below:

Happy Spring and Go Giants!
Cynthia Reid
General Manager
San Francisco Suites

 

BOD Meeting march 15, 2022

San Francisco Suites
Board of Directors Annual Meeting
March 12, 2022

1. Kurtis Peterson of Inspectors of Election called the meeting to order at 11:00 AM and announced that a quorum of ballots had been achieved, with 342 ballots returned to be opened and counted.

2. President Bellah then assumed the chair and asked for a roll call.

Board members present:
Geoffrey Bellah, President
Jeff Reichel, Treasurer
Chuck Meibeyer, Member-at-large

Board members on Zoom:
Jo Ann Trembath, Vice-President
Linda Banner Secretary

Others present:
Cynthia Reid, General Manager
Ken von Berg, IT Consultant

Owners Present:
Sue Joselyn
Fred Munroe
Dwight Walker

3. Owners’ Forum: No owners spoke at this time.

4. President’s Report: President Bellah stated that the city and county of San Francisco had lifted their mandate for indoor masking; however, staff at the Suites as well as guests still have the option to continue wearing masks. He also reminded all that the share time compensated to owners who were unable to use it during the Covid shutdowns must be completed by August 2022. Finally, he announced that owner Marvin Salles had donated a Ukrainian flag to the Suites to be flown at the Powell entrance during the present crisis.

5. Approval of Minutes: The minutes from the January 15, 2022, open meeting were unanimously approved following Reichel’s motion which was seconded by Trembath.

6. Treasurer’s Report: Treasurer Reichel reported that last year’s drop in revenues, due to the periodic shutdowns and reduced occupancies, contributed significantly to the $21,000 shortfall. Another factor was the small and thankfully decreasing inventory of non-revenue producing shares. However, with the Suites now fully open, with close to full occupancy, projected revenues, such as those derived from parking and Bonus Time, have returned. Another positive development has been Manager Reid’s successful sale of most of the Association-owned shares. Reichel reminded the Board of the continuing need to maintain the aging building and and he emphasized the importance of repairs over replacements, unless called-for and fully funded by the Reserve fund. Overall, the Suites are in a good position, better than hotels, because we receive our revenues from assessments rather than from bookings.

7. General Manager’s Report: Manager Reid stated that in the first six months of 2021 the Suites was only 50% occupied, which affected monthly revenues from Bonus Time and parking. Even so, in the same year 814 out of 816 shares’ assessments were received. Reid announced that 16 Association-owned parlors that cannot yet be sold will be or have been adopted: six are tax-defaulted and cannot be sold until after the April auction; three have pre-existing loans with no proof of pay-off; but seven will be sold later in 2022 once their adoption period ends. Reid revised the earlier figure on parlor shares sold in 2021: 23 sold but 3 with possibly unpaid loans.

There was a VOTA delinquent assessment auction on February 24, 2022, where 2 master shares were sold for $4,878.40, and 2 parlor shares were not sold. Subsequently these parlor shares will be returned to the Suites to be sold by the Association in 2022.

Regarding the 2022 annual assessment, 25 owners are now delinquent in their payment, and a 10% late fee has been added to their assessment. Reid mails invoices and emails to these owners monthly to remind them of their overdue assessments.

The Employee of the Quarter is Eric Ingersoll, Front Desk Supervisor. Eric was commended for his service to the Association by President Bellah and given a cash award.

8. Old Business: Manager Reid did a walkthrough with contractor Steve Barton to go over the Reserves Study’s suggestions for replacements and repairs. Reid also reported the completion of the refinishing and sealing of the kitchen floors. The repainting of a beam in the lobby will be completed during the replacement of the lobby wallpaper project. The floor in the boiler room is cracked and in need of repair. Also, up for replacement are the blinds in all the suites.

Manager Reid repeated that there will be in April an online auction of shares in tax-default. Those not sold then will come up for auction again in May at a lower minimum bid.

9. New Business: The Board unanimously approved a Hold Harmless form to be completed by vendors and contractors entering the Suites following a motion by Reichel and seconded by Meibeyer.

The Board also approved a request by Manager Reid to bid for shares for the Association at the May tax-default auction. Reichel so moved, Meibeyer seconded, and the motion passed unanimously.

President Bellah requested that the Board consider refinishing or replacing the wood counter surfaces in the pass-throughs between the kitchens and dining areas in all suites. The Board agreed to have Manager Reid seek estimates for the work and report to the Board at their next meeting.

9. Election results: The Inspector of Elections announced the results of the Board election and the question over revenue surplus. Fred Munroe and Linda Banner won seats on the new Board, and the membership agreed to return any surplus funds to the next year’s operating budget.

10. Forward Planning: The Board Room remodel and new wallpaper for the lobbies were deferred indefinitely. Blinds replacement should happen in 2022.

11. Adjournment: The annual meeting recessed at 12:04 PM.

Organizational Meeting: The annual meeting resumed at 12:15 PM, with Vice-President Trembath as chair. Secretary Linda Banner who had won one of the open seats on the Board announced that she would not serve. Member-at-large Meibeyer was elected by the new Board to be President for 2022-2023, Jo Ann Trembath will continue as Vice-President, Fred Munroe will serve as Secretary. After a discussion and vote of the Board, Dwight Walker, the third-place candidate for the Board, was elected to fill the vacant Board seat, and was also elected Treasurer. He enthusiastically agreed to join the Board. The Board then discussed and set a calendar for meetings in 2022-2023.

Respectfully submitted by
Linda Banner, Secretary

April adopt-a-share

2022 ADOPT-A-SHARE PROGRAM

Greetings, Everyone!

As you may know, certain shares owned by the Association are periodically offered for adoption by owners, by friends and family of owners, or by individuals interested in the Suites. This year we have three Parlor shares for adoption at $1483.00 per share. The cost includes the 2022 assessment of $1,453.00 plus the property tax of $30.00. The Adopt-A-Share year will begin April 21, 2022, and end April 21, 2023.

We will accept email requests for adoption during normal reservation times until 12 noon PST on Tuesday, April 19.  All names received will be pooled and a drawing will be held on Wednesday, April 20, at 11 a.m. PST. Please be advised that the Association has imposed a restriction on adopted shares that prohibits them from being rented to third parties, and they cannot be exchanged or sold through a Time Share company. They may be used only by the adopter, by his or her immediate family, and by those persons designated by owners as being entitled to Bonus Time. On Thursday, April 21, between 6 and 7 p.m. PST, we will notify the first three applicants whose names were drawn.

The San Francisco Suites City Share Association’s governing documents, including all Rules & Regulations, do apply to the adopted shares. 

PLEASE NOTE: Payments must be received by May 21, 2022.

Thank you in advance for your interest and participation in the Adopt-A-Share Program.

Best Regards,

Cynthia Reid
General Manager
San Francisco Suites

president’s letter march 2022

PRESIDENT’S LETTER

As the President of the Board of Directors of the San Francisco Suites I am writing regarding the March 12, 2022 Board Meeting and Elections. The Report of the Inspector of Elections is attached, but I need to add additional information regarding the new Board positions.

After the results of the election were revealed, Linda Banner, a current board member who was reelected to the Board, disclosed that, due to personal circumstances, she had decided that she could not continue serving on the Board, and resigned from her position. Those of us who know Linda, and have worked with her, are very appreciative of all of the contributions she made to the Suites as a board member over a number of years, particularly in areas of interior design, employee relations, and as a calming influence on the Board. We respect her decision and will miss her dearly.

The Board of Directors then immediately elected Dwight Walker, who finished a close third in the election, to replace Linda on the Board as provided for under the Association’s Bylaws. Also joining the Board is Fred Munroe, who received the most votes in the election.

The Board elected the following officers for the 2022-2023 Board of Directors:

President Chuck Meibeyer
Vice-President JoAnn Trembath
Treasurer Dwight Walker
Secretary Fred Munroe
Member at Large Jeff Reichel

We all expressed our sincere appreciation to Geoffrey Bellah, who had served on the Board for many years, including a number of years as President, and who is now required to step down from the Board due to term limits. Board members and owners noted the many contributions Geoffrey made to the Suites during his service, including particularly all of his efforts in addressing the impact of COVID and the restructuring of the Association’s Bylaws, at the Suites, as well as his calm, friendly, and helpful demeanor. We know Geoffrey loves the Suites and will continue to help in any way he can.

While two long-standing Board Members have left the Board, I am very excited about the talents and experience that both Fred and Dwight bring to the Board and look forward to working with the entire Board to do all that we can to continue to maintain the excellence, and the warm spirit of the San Francisco Suites. We are also fortunate to have our General Manager Cynthia Reid available to continue to work with the Board and owners toward making the Suites a wonderful “home away from home” for all of us. Please let Cynthia and the Board know if you have any suggestions or questions regarding the Suites – we are here to serve you as best we are able.

Very warm regards,
Chuck Meibeyer

General Manager News Feb. 2022

February 22,2022

Dear San Francisco Suites Owners,

The air in San Francisco is crisp and fragrant as cherry blossoms drift and swirl in the breeze reminding us that Spring is on the way.

Mark your calendars and make your reservations at the Suites so you can attend the following festive spring events:

The Year of the Tiger was celebrated at the Chinese New Year Parade on February 19th in Chinatown.

  • Salesforce Tower lit up the sky with an image of a roaming red tiger

March 12 St Patrick’s Day Parade begins at 2nd and Market and ends at the Civic Center

  • Start the day at the Irish Bank for corn beef and cabbage and a brew but do not forget to bring a green mask. This parade draws 100,000 people from all over the world to celebrate,

San Francisco style.

April 9 Cherry Blossom Festival in Japantown

  • Sushi at Akiko’s Sushi Bar and Restaurant

You might like to plan to take a ferry or drive over the Golden Gate Bridge to Tiburon for lunch at the new Michael Mina’s Bungalow Kitchen on the waterfront.

  • Indulge and order the Lobster and Truffle Pot Pie for $130.00

The City and County of San Francisco has followed the State order to withdraw the mask mandate for indoor businesses. This means that if you are vaccinated, you do not have to wear a mask while at the Suites and may enjoy the wine and cheese and crackers down in the lobby. Some restaurants, businesses and public transportation may still require the mask mandate so keep one handy when you are out and about in the City.

Please be reminded that all staff at the Suites have been vaccinated, however they may still choose to continue to wear masks.

February 24 at 1:30pm the VOTA Auction will be held across the street from City Hall where 2 Parlors and 2 Masters will be auctioned for the cost of the delinquent assessment plus foreclosure costs.

Please ask the Front Desk for details or send me an email at creidgm@sfsuitescsa.com

April 11, the 2nd installment for the property tax is due. If you did not receive a tax bill, please contact me and I can help you go online to pay your tax.

Also, in April the SF City Tax Collector will hold an online auction for shares that have delinquent tax bills. The Suites will have 6 shares that will be auctioned. You will receive a notice as soon as I am notified.

We all look forward to seeing your smiling faces and welcoming you back to your

home away from home.” Please find the BOD January 15th minutes on the link below.

Happy Spring!

Cynthia Reid
General Manager
San Francisco Suites