Third DVC Declaration at Copper Creek Villas & Cabins

Copper Creek Villas & Cabins

Disney Vacation Development has filed the third DVC Declaration at Copper Creek Villas & Cabins, just 17 days after the Second DVC Declaration.  This Second Amendment to Declaration of Condominium declares “Phase 6,” containing 5 “Residential Units,” consisting of 10 Villas on the Fourth Floor: 1 Dedicated One-Bedroom, 6 Dedicated Two-Bedrooms, and 3 Two-Bedrooms Lock-Offs:

CCV Phase 6

The 5 Residential Units declared in this amendment represent approximately 204,295 points out of the total 3,321,966 points, or approximately 6% of the total points available.  This brings the total points declared for DVC Members up to 43% from 37% only 17 days earlier.  At this current rate, Copper Creek Cabins and Villas is expected to sell out by the end of 2019.

DVC deeds are based on a fractional percentage of a Residential Unit, corresponding to the number of points purchased.  Since each Residential Unit is assigned one Use Year, DVC must maintain at least 8 Residential Units with available inventory declared to the Condominium in order to sell points for all Use Years.  Therefore, the previous declaration only extended 5 Use Years.  This Declaration allows DVC to extend the other 3 Use Years, and still have 2 Residential Units available to assign Use Years that sell out faster.

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