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30TH NOV 2019
- Fideicomiso Puerto Aventuras as Developer is the only legal representative before government authorities.
- Two party collaboration agreement was signed between Municipality and Developer.
- Basic principles of Puerto Aventuras will be guaranteed by Developer under assignment with Association.
- Puerto Aventuras was born and bought as a Private Residential Resort and will remain so.
- Developer assigned operation and administration of resort to PA Covenant Association.
- Covenant will operate Resort and be cancelled to fuse into Colonos when new Board of Directors accept and guarantee our principles.
- The Developer creates and builds / The Association administrates and operates.
- Municipalization can only be done by request of the Developer. Municipalization will not take place.
- Main Access Control and Security will remain under Developer to be passed on to Association under new Board of Directors.
- PA Passport will be the only official identification and access control for Owners, Residents and Authorized Visitors.
- Fees paid to Covenant or Colonos will be recognized as continuous by standing Association in the future.
- All basic services today are being operated by Developer through Covenant.