Yacht Club News

The news page contains news informing guests about activities, services or other general information about the Ocean Reef Yacht Club

The Year 2014Ö

Slowly tuckering along! Well, actually we are almost complete with our 1-bedroom renovations having only 1.5 Suites remaining to do for the beginning of 2015! Next stop the 3 bedroom Townhouses! RECAP OF 2014 As mentioned above we are almost all complete with the 1- bedroom Suite renovations and happy with the outcome. We have some 1 bedrooms set up with a King in the bedroom whereas others have a Queen bed with drawers underneath. We have also completed the restaurant Oceans Blue in the new renovation and it looks fabulous both inside and out! The pool at Estherís pool bar has just been resurfaced and retiled and is nice and smooth. Our gym has been upgraded with new carpet, treadmills, elliptical, bike, weights and exercise balls and bands. It has become a great and productive place to work out. We are also happy to announce Justinís return to activities as well as his informative weekly morning walk to the beach and either water aerobics or step class he leads!
Date added : 2006-08-30


As all the 3-bedroom townhouse owners may be aware we are looking to begin renovations of the 3-bedroom townhouses. Please, our lovely owners, I can not stress enough the necessity of paying the assessments on time. Only in furniture and kitchen costs alone it is over $22,000 per apartment not including tiles, fixtures, linens and labor. We really would like all of our 3 bedroom townhouse to look like 406 so please assist us with paying those assessments as up until October only 20% have been able to pay as yet and we do not want unpaid accounts to go in collections in December. For those owners who have not been able to have a look into 406 to see how lovely it looks with a fresh new 3 bedroom townhouse, please do so! It is well worth your while and heavenly to stay in. Our flat roofs on the main building are causing us quite a few problems and we will start immediately in the new year to build two new roofs over the 3rd floor A/C roof to avoid leaks. Our penthouse flat roofs have plans underway to put a sunroof over the terraces to divert the torrential downpour of rain in the rainy season and make the patios more user friendly and shady.
Date added : 2006-11-28


As many may have heard, VAT is the new tax that is implemented in the islands of the Bahamas. We are all not very happy about this as all other things stay the same with an added 7.5% included in all service industries affecting mainly tourists and individual local consumers. These new V A T service fees will come into effect January 1st, 2015 and will be applicable for all services and goods used and purchased in the Bahamas. Unfortunately, we were informed that Government wants these fees included to the annual maintenance fees, which you will see added to the annual Maintenance fee billing as an additional 7.5%. Yes, it seems the Bahamas is now turning into a tax country.

We are all still a bit in the dark as to what all will be included as the island has pre-exising agreements prohibiting certain taxes for businesses but all service rendered businesses must charge V A T and even on top of Gratuities! So please be prepared.

"GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS MINISTRY OF FINANCE VALUE ADDED TAX DEPARTMENT CERTIFICATE OF REGISTRATION Tax Identification Number (TIN): 100235634 This certifies that GELTEX, TRADING LTD, TRADING AS OCEAN REEF AND YACHT CLUB located at BAHAMA REEF BOULEVARD 48-59 FREEPORT GRAND BAHAMA in The Commonwealth of The Bahamas is duly registered under the provisions of the Value Added Tax Act 2014, effective 1 January 2015. Signed By The Comptroller Dated this 4th day of December , 2014 This certificate remains the property of the Value Added Tax Department, Ministry of Finance and must be surrendered upon request. Note that the said certificate must be displayed at all times in a conspicuous place where taxable activity is conducted in accordance with section 25 of the Value Added Tax Act. It is an offence punishable by law to alter or tamper with this certificate in any way. Please notify the Comptroller immediately by completing VAT Form 19 if there is any change in the circumstances of the business or if the legal obligation to be registered ceases."
Date added : 2006-11-28


We have a new employee that joined the Ocean Reef team in June 2014. Ms. Ada Bethel is in charge of the Accounting department and Marina. We couldnít ask for a more diligent and exact person to join us. Ms. Rowonda Jones has now left us and move to Nassau but has been replaced by a new vibrant young lady, Manny Charles. Please feel free to ask any assistance from either of them as they will be happy to help. West Jet stopped their flight services from Toronto direct to us but please feel free to look at the SunWing Flights offered directly to the island via their website at www.sunwing.ca. As to date we are fighting to get the necessary funding to complete these rooms and it is just not coming in to complete all renovations of the 3 bedroom townhouses. At the moment we look at buying furniture complete for 5 apartments this year and full renovation of 3-4 townhouses this year if time permits and we don't run out of money before then. This is the only way we can see to stretch the minimal assessment funds at the moment. All unpaid assessment accounts will go to collections and late fees and collection fees will be added in there by Jan 1st. PLEASE KEEP THAT IN MIND FOR ALL UNPAID ACCOUNTS.
Date added : 2006-11-28


Please pay your bills to Conrad Acceptance directly. We realize that for many owners it might be an adjustment on how you pay your bills, but if you have any questions about your billing or payments you can contact Conrad directly at 1 (866) 926-6723 or you can e-mail info@conradco.com. If you have questions on how you pay your bill, if your payment has been received please call Conrad direct as we do not have the information at the resort on your account and as well need to contact Conrad to get some information such as payments made on your account, etc. Please do not send any further payments to ES Financial and all installment & maintenance payments go exclusively to Conrad. PLEASE BE REMINDED THAT YOU HAVE BETWEEN NOVEMBER AND JANUARY 1ST TO PAY YOUR OCEAN REEF MAINTENANCE FEES.

Date added : 2006-11-28