P R O P E R T Y O W N E R S A S S O C I AT I O N

Perfecting the Art of Hospitality

ResoRt NewsletteRS U M M E R 2 0 1 2

A Word from Your President

D ear Foxrun Owners,

It is always a pleasure to enjoy the hospitality of the Mountains.

Even though the past few years have been challenging, your Board of Directors and our management company, VRI, has been able to accomplish many of the needed improvements within the budget. As noted in the General Manager’s report, decks, walkways, carpet and furniture replacements have been completed, along with approximately 30% of the kitchens. While we still have major retaining walls that need attention, we are diligently working

to complete these as quickly as possible.

The above upgrades to our units over the last three years have greatly enhanced our property and your vacation experience. Come visit your home resort and see how your vacation home has improved at FoxRun.

We have been very pleased in the recent months with the performance of Lake Lure Resort Realty in regards to resales.

Thank you for your continued support!

Diane Scott, President and the FoxRun Board

2012 ANNUAL MEETING UPDATE

The 2012 Annual Meeting was held on Monday, May 7, 2012. Four Candidates were seeking election to fill two seats on

the Board.

Election Results were as follows:

Cheryl Stott . . . . . . . . . . . . . 1,286

Becky Varn . . . . . . . . . . . . . 1,132

Gary McCombs . . . . . . . . . . . 747

Dave Denny . . . . . . . . . . 349

Diane Scott

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CongratulationsCheryl Stott & Becky Varn Both were elected as Board Members at the 2012 Annual Meeting of the Membership to serve a three year term. Cheryl and Becky have many years of timeshare experience which will provide valuable guidance for the continued success of your Association.

Cheryl Stott Becky Varn

Foxrun Board of Directors

Becky Varn, Gilbert Johnson, Tim Southard, Allison Martin, Diane Scott, Cheryl Stott, Mike Harmer

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Foxrun Property Owners Association, Inc.

Treasurer’s Reportas of March 31, 2012

(unaudited)

CASH BALANCESTotal operating fund cash balance as of 3/31/12 . . 1,331,767.08Reserve balance fund as of 3/31/12 . . . . . . . . . . . 2,456,405.67

Total Cash Balance as of 3/31/12 . . . . . . . . . . $ 3,788,172 .75

2011 CAPITAL EXPENDITURESBuildings/Commons. . . . . . . . . . . . . . . . . . . . . . . . . 253,517.11Furnishings/Appliances/Interior . . . . . . . . . . . . . . . 1,214,938.92Paving/Retaining Walls . . . . . . . . . . . . . . . . . . . . . . 154,288.80Roof Repairs/Replacement . . . . . . . . . . . . . . . . . . . . . .3,809.69Equipment/HVAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . .68,256.42Landscaping/Signage . . . . . . . . . . . . . . . . . . . . . . . . .35,640.82Maintenance/Laundry/Office . . . . . . . . . . . . . . . . . . . .40,847.98

ToTAL EXPENDITURES . . . . . . . . . . . . . . . . . $ 1,771,299 .74

2012 PRoPoSED CAPITAL EXPENDITURESFurnishings/Appliances/Interior . . . . . . . . . . . . . . . . 460,000.00Paving/Retaining Walls/Decks/Walks . . . . . . . . . . . 438,533.00Roof Repairs/Replacement . . . . . . . . . . . . . . . . . . . . .30,000.00Building Commons/Exterior Maintenance. . . . . . . . . .52,800.00Equipment/HVAC. . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000.00Landscaping/Signage . . . . . . . . . . . . . . . . . . . . . . . . .50,000.00Maintenance/Laundry/Office . . . . . . . . . . . . . . . . . . . .95,000.00

ToTAL EXPENDITURES . . . . . . . . . . . . . . . . . $ 1,296,333 .00

Boat SlipsVRI is currently responsible for renting your Timeshare Boat Slips. If you would like to reserve a boat slip during your week of ownership, please contact our office at 828-625-0097; we have three (3) available through VRI Management. Slip rentals are $30.00 per day or $125.00 per week and require a valid permit from the Town of Lake Lure.

BoAT PERMIT INFoRMATIoN (Town of Lake Lure)

Weekly Time-share boat permit . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$160.00(Only covers total of weeks owned and must be used during the weeks of ownership as indicated

on permit)

Boat permits are available at the Town Hall. (828) 625-9983

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ASSOCIATION WEEKS AVAILABLELake Lure Resort Realty

107 Raleigh Drive • Lake Lure, NC 28746info@lakelureresortrealty.com • Tel: 800-693-4926

General Manager’s Updateas reported at the 2012 Annual Meeting

NEW FuRNITuRE – 140 completeKITCHEN RENOVATIONS – 53 complete

CARPET REPLACEMENT – 133 complete (remaining 7 will be completed in 2012)DECKS/WALKWAyS RENOVATION – complete

RETAINING WALLS COMPLETED IN 2012 unit 43 unit 302 units 46-47 unit 303 units 54-55 unit 322 units 76-79

RETAINING WALLS (LARGE) REMAINING: units 94-95 units 31-34 units 27-30 unit 300 units 13-16 unit 205

GuTTER REPLACEMENT: units 42-43 unit 310 units 9-12 unit 311 units 27-30 unit 312 units 35-37 unit 313

Lake Lure Resort Realty – Timeshare Resales Office

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Timeshare RentalsVRI has a very successful rental program at The Mountains. you as an owner may use this program as an additional option to banking or traveling to your resort. If you are interested in utilizing our rental program, please call our office at 828-625-0097.

FOXRuN NIGHTLy RATES ARE AS FOLLOWS:

DaTes: NighTLy (2 bedroom unit)

November 1 thru February 28 . . . . . . . . . . $125*March 1 thru May 31 . . . . . . . . . . . . . . . . . $140*June 1 thru October 31 . . . . . . . . . . . . . . . $155*

* Rates subject to change

Holidays require a three-night minimum stay. Two-night minimum stay is required during all other times. Rates do not include State and Local taxes and are subject to change without notice.

Please call for details: 828-625-0097

Fishing Around the Area

In the Hickory Nut Gorge you will find Rainbow Trout, Brown Trout, Large Mouth Bass, Small Mouth Bass, Crappie, White Bass, Catfish, Bluegill and Sun-perch. State licenses are required to fish in the lake and river. Don’t forget to buy Trout stamps, which are also required for creek and river fishing. Also boat permits are required on Lake Lure.

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Public Green Fees for Golf at Rumbling Bald Resort on Lake Lure

Crisp mountain air and beautiful landscapes make golf in Lake Lure a players favorite. unbelievably low rates make golf in Lake Lure irresistible! Both of our championship golf courses have been selected as “Places to Play” by Golf Digest, a recognition we are proud of and one that you will notice during your round.

Bald Mountain Golf Course at Rumbling Bald Resort

Bald Mountain Golf Course was the first course built at Rumbling Bald Resort. Originally built in 1968, it’s name comes from the rock faced cliffs towering over the course and visible for most of your round. Despite it’s tremendous scenic views, it will be the less prominent features that command your attention to score well here. With well guarded greens and tight fairways, golfers must be precise with their drives and approach shots. Bald Mountain is a true challenge in a lovely setting. The course is popular for all

ages and abilities, and always receives high marks from Golf Digest readers. The course has 4 sets of tees and plays at 6,283 yards. The Course Rating is 70.9 and the Slope Rating is 128.

Apple Valley Golf Course at Rumbling Bald Resort

The Apple Valley course is a Dan Maples creation, and is called one of the most beautiful mountain courses around by Golf Digest’s “places to play.” Apple Valley’s length provides a number of opportunities for spectacular drives. It’s after the drive where golfers need to think clearly to score well. Well positioned bunkers and undulating terrain present a variety of tough shots to golfers of all abilities. The Course Rating is 73.2 and the Slope Rating is 140

2012 seasonal / Public golf Rates Monday–Thursday Friday–Sunday & HolidayWinter Rate (valid to 3-25-12) $28.00 $28.00

Early Rate (Before 8:00 am) $38.00 $42.00

Prime Rate (8:00 am – 12:00 pm) $56.00 $56.00

Afternoon Rate (12:00 pm – 2:30 pm) $38.00 $42.00

Late Rate (2:30 pm – 4:00 pm) $25.00 $25.00

Evening Rate (After 4:00 pm, 9 holes) $20.00 $20..00

Above rates are valid for 18 holes and include tax and cart fee. Please inquire at Golf Shop for special rates including Senior & Junior rates, rider fee, club rentals or to arrange private lessons. Holidays include Memorial Day, July 4th and Labor Day. Prices subject to change without notice, please ask when making your tee time.

*Course staff will clear course nightly by dusk.

Bald Mountain Golf Course was the first course built at Rumbling Bald Resort. Originally built in 1968, it’s name comes from the rock faced cliffs towering over the course and visible for most of your round. Despite it’s tremendous scenic views, it will be the less prominent features that command your attention to score well here. With well guarded greens and tight fairways, golfers must be precise with their drives and approach shots. Bald Mountain is a true challenge in a lovely setting. The course is popular for all

2013 RCI WEEKS CALENDAR

2012 seasonal / Public golf Rates Monday–Thursday Friday–Sunday & HolidayWinter Rate (valid to 3-25-12) $28.00 $28.00

Early Rate (Before 8:00 am) $38.00 $42.00

Prime Rate (8:00 am – 12:00 pm) $56.00 $56.00

Afternoon Rate (12:00 pm – 2:30 pm) $38.00 $42.00

Late Rate (2:30 pm – 4:00 pm) $25.00 $25.00

Evening Rate (After 4:00 pm, 9 holes) $20.00 $20..00

Unit Week Friday to Friday Saturday to Saturday1 Jan. 4 - Jan. 11 Jan. 5 - Jan. 122 Jan. 11 - Jan. 18 Jan. 12 - Jan. 193 Jan. 18 - Jan. 25 Jan. 19 - Jan. 264 Jan. 25 - Feb. 1 Jan. 26 - Feb. 25 Feb. 1 - Feb. 8 Feb. 2 - Feb. 96 Feb. 8 - Feb. 15 Feb. 19 - Feb. 167 Feb. 15 - Feb. 22 Feb. 16 - Feb. 238 Feb. 22 - Mar. 1 Feb. 23 - Mar. 29 Mar. 1 - Mar. 8 Mar. 2 - Mar. 910 Mar. 8 - Mar. 15 Mar. 9 - Mar. 1611 Mar. 15 - Mar. 22 Mar. 16 - Mar. 2312 Mar. 22 - Mar. 29 Mar. 23 - Mar. 3013 Mar. 29 - Apr. 5 Mar. 30 - Apr. 614 Apr. 5 - Apr. 12 Apr. 6 - Apr. 1315 Apr. 12 - Apr. 19 Apr. 13 - Apr. 2016 Apr. 19- Apr. 26 Apr. 20 - Apr. 2717 Apr. 26 - May 3 Apr. 27 - May 418 May 3 - May 10 May 4 - May 1119 May 10 - May 17 May 11 - May 1820 May 17 - May 24 May 18 - May 2521 May 24 - May 31 May 25 - June 122 May 31 - June 7 June 1 - June 823 June 7 - June 14 June 8 - June 1524 June 14 - June 21 June 15 - June 2225 June 21 - June 28 June 22 - June 2926 June 28 - July 5 June 29 - July 627 July 5 - July 12 July 6 - July 1328 July 12 - July 19 July 13 - July 2029 July 19 - July 26 July 20 - July 2730 July 26 - Aug. 2 July 27 - Aug. 331 Aug. 2 - Aug. 9 Aug. 3 - Aug. 1032 Aug. 9 - Aug. 16 Aug. 10 - Aug. 1733 Aug. 16 - Aug. 23 Aug. 17 - Aug. 2434 Aug. 23 - Aug. 30 Aug. 24 - Aug. 3135 Aug. 30 - Sep. 6 Aug. 31 - Sep. 736 Sep. 6 - Sep. 13 Sep. 7 - Sep. 1437 Sep. 13 - Sep. 20 Sep. 14 - Sep. 2138 Sep. 20- Sep. 27 Sep. 21 - Sep. 2839 Sep. 27 - Oct. 4 Sep. 28 - Oct. 540 Oct. 4 - Oct. 11 Oct. 5 - Oct. 1241 Oct. 11 - Oct. 18 Oct. 12 - Oct. 1942 Oct. 18 - Oct. 25 Oct. 19 - Oct. 2643 Oct. 25 - Nov. 1 Oct. 26 - Nov. 244 Nov. 1 - Nov. 8 Nov. 2 - Nov. 945 Nov. 8 - Nov. 15 Nov. 9 - Nov. 1646 Nov. 15 - Nov. 22 Nov. 16 - Nov. 2347 Nov. 22 - Nov. 29 Nov. 23 - Nov. 3048 Nov. 29 - Dec. 6 Nov. 30 - Dec. 749 Dec. 6 - Dec. 13 Dec. 7 - Dec. 1450 Dec. 13 - Dec. 20 Dec. 14 - Dec. 2151 Dec. 20 - Dec. 27 Dec. 21 - Dec. 2852 Dec. 27 - Jan. 3 Dec. 28 - Jan. 4

FoXRUN oFFICE . . . . . . . . . . . . . . . . . . . . . . . . . . . (828) 625-0097 RESORT FAX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (828) 625-0049RESORT SECuRITy (Rumbling Bald) . . . . . . . . . . . (828) 694-3046

oFFICE HoURS MONDAy–THuRSDAy (closed 12–1 for lunch) . . . .8:00 a.m. – 5:00 p.m. FRIDAy–SuNDAy. . . . . . . . . . . . . . . . . . . . . . .8:00 a.m. – 7:00 p.m.

eXChaNge iNFORMaTiONVRI*ety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (888) 203-1044VRI*ety PLuS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (866) 469-8222 RCI (RESORT CONDOMINIuMS) . . . . . . . . . . . . . . (800) 338-7777 II (INTERVAL INTERNATIONAL) . . . . . . . . . . . . . . . (800) 843-8843

VACATIoN oWNER SERVICES ASSESSMENT BILLING & COLLECTIONS . . . . . . . (828) 625-0097RENTALS. . . . . . . . . . . . . . . . . . . (866) 469-8222 or (828) 625-0097CENTRAL RESERVATIONS . . . . . . . . . . . . . . . . . . . 1-866-469-8222

Foxrun Website . . . . . . . . . . . . . . . . . . . . .www.foxrunatlakelure.comVRI Website . . . . . . . . . . . . . . . . . . . . . . . www.8664myvacation.comRumbling Bald Website . . . . . . . . . . . . . . . . . www.rumblingbald.com

The Foxrun Property owners Association Resort

Newsletter publication is intended solely as a vehicle for the owners and Board of

Directors . The purpose of this newsletter is to relate membership information, correspondence, stories, facts, and news deemed

appropriate or relevant to the interest of the owners .

CONTRiBUTiNg eDiTORs

Diane Scott, PresidentCheryl Stott, Vice President

Mike Harmer, SecretaryTim Southard, DirectorAllison Martin, DirectorBecky Varn, Director

Gilbert Johnson, DirectorSteve White, Vice President of

Resort Operations/VRIJeanette Elliott,

General Manager, VRI

RESoRT CoNTACT

GENERAL MANAGER

Jeanette ElliottEmail: frafomgm@aol.com

RESoRT MaiLiNg aDDRess

180 Herman Wilson Road

Lake Lure, NC 28746

IMPoRTANT TELEPHoNE NUMBERS

Foxrun Resort

DIRECTORS

TIM SoUTHARD E-MAIL: rtntune@carolina.rr.com

ALLISoN MARTIN E-MAIL: abmartin64@yahoo.com

BeCKy VaRN E-MAIL: rebeccavarn@hotmail.com

giLBeRT JOhNsON

PRESIDENT

DIANE SCoTT E-MAIL: olscott@bellsouth.net

VICE PRESIDENT

CheRyL sTOTT E-MAIL: nstott@windstream.net

SECRETARY

MIKE HARMER E-MAIL: mharmer@carolina.rr.com

BOARD OF DIRECTORS