Rockaway Beach Resort Electronic Ballot
The Board of Directors of Rockaway Beach Resort is proposing a vote of the members to approve a Plan of Reorganization. The Plan will include:
Issuance of a $2,000 per timeshare special assessment;
Execution of an Asset Purchase Agreement;
Conveyance of forfeit shares via a Share Exchange Program;
Conveyance of all real and personal property of the Resort to Tillamara pursuant to the Asset Purchase Agreement;
Amendment of Article 4 (Dissolution) of the Articles of Incorporation to read: “Upon dissolution, the Corporation’s assets shall be conveyed to Tillamara, Inc.”;
Dissolution of the corporation at the appropriate time; and
Authorization for the Board of Directors to take all actions necessary to effectuate the intent of the Plan of Reorganization.
PDFs of each of the documents related to the Plan can be viewed and downloaded from the following links:
Tillamara Presentation - Plan Overview
Tillamara Information Sheet with Exhibits
You are advised to read each document carefully and to consult with your own financial and legal advisors prior to casting your vote.
951 “yes” votes out of the total 1,900 votes are required in order to approve the Plan.
Owners with multiple timeshares must complete this electronic ballot one time for each timeshare owned, each time entering the unique numerical identifier for the timeshare owned (“Share Number”), along with your Owner Number. Your Owner Number and Share Number were emailed to you with notice of the vote. If you do not have these numbers, please contact Harker Lepore to obtain your numbers prior to casting your vote.