What are the details of the Old Key West fifteen year contract extension offer?
All Old Key West owners are going to be offered the opportunity to extend the contract end date from 1/31/2042 to 1/31/2057, an additional 15 years. The price for the extension is $25 per point. If you accept this offer prior to 2/29/2008, the cost is $15 per point with Disney Vacation Club Development covering the extra $10 per point. If you choose to add this extension, you’ll receive a “Lighthouse Memory Capsule” and a special lithograph. If you choose not to accept this offer, you will still get the lithograph but not the capsule. In order to compensate for the cost (notary) and time required to process the paperwork, all members are getting a $30 credit of their December 2007 dues whether they take the offer or not. Payment options are through DVC with a 10 year loan with 10.75% interest. You can also opt to finance it privately, pay it in full or pay it using a major credit card. There will be no closing costs. This offer is per contract. If you have multiple OKW contracts you do
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