November 2001 Update



Dear property owners and friends of Valle Escondido,


It has been a busy month with a lot of construction progress and a lot of visitors. The hurricane in the Caribbean sent a lot of rain our way for about 10 days, but the work continued with only a little delay.

First, let's take a look at the "unseen" progress. We have added to our management staff and our construction crew in Valle Escondido. Dave Emiliani is our new acquisitions manager for materials and home cost-outs. Jessie Lezcano takes over the accounting department and handles wire transfers from home and lot buyers. We currently have 15 people in management positions, and 85 construction workers not including the 20 full-time Indians who work in the coffee plantation. We are growing fast and expect to triple these numbers in the coming year.

I am sorry for all of the delays on the website but our webmaster John Nelson has been very busy working on our new site at http://valleescondido.net/. Our website has had a new face-lift, and I believe it is more complete and easier and faster to modify in the future. New Valle Escondido and Los Establos brochures are being developed and printed by our marketing consultant Patricia Lassiter, patriciaal@mindspring.com , who also bought a Valle Escondido lot herself.

We are in the beginning of cosecha (coffee picking season), and the amount of coffee coming from the plantation is astounding. This year we expect to produce over 75,000 pounds of roasted and bagged coffee. We do not want to sell it in bulk into the market because the prices are so low we get less than the cost of production. Unfortunately, you do not see the lower costs when you buy coffee in the store. Soon we will have Valle Escondido Coffee available in its gold foil labeled package in ½ lb and 1 lb bags. Please let Patricia Lassiter know if you would like to begin to receive fresh coffee from your own plantation to give as Christmas gifts or to consume yourself. It is the best in the world! We are always in need of buyers' stories as well, so let her know if you would like to submit one for the website.

We have negotiated a special rate for cellular phones with Bell South that will be available to homeowners very soon. We have made arrangements with the Marsh insurance group for home, auto and life insurance policies for Valle Escondido homeowners. Also, on the website, there will be a new heading called "construction schedule". This will have the expected completion dates of the various parts of the project such as the pueblito, medical clinic, country club, individual homes, etc. Another new section will be "community relations and support" which will have the latest in our continuing effort to help the local Boquete community. And one other important page will be the "partnership opportunity" page. This is where you can get involved in working with us as a business partner by starting your own services business catering to people coming to Valle Escondido. We especially need homebuilders to work as subcontractors. Learn more about these here at the website soon.


Now on to the construction update!

We have made a decision to use concrete interlocking paving stone for the road surfaces in the valley. They are extremely durable and beautiful and give us a lot of flexibility to make changes with out tearing up the roads. We have purchased the needed equipment to make these, as well as all other concrete block we use here on the project. We will begin paving some of the road surfaces in the next month or so.

The main gate area is finished, and the small house has been modified to be our office for the construction accounting department.

The work at the stone bridge continues with a new stone powerhouse nearly completed. We intend to have a small hydroelectric plant there to power the lighting of the roads and bridge. The spillway is beautiful, and the pool above it is deep and will make a nice home for the trout that will be stocked in it.

The pueblito area is coming along splendidly. We now have 10 foundations finished including the main activity center. The steel perlins for 4 buildings are up, and we are putting the roofs on them. Each building is being very carefully planned for esthetics. They have to look different with a variety of facades. Each elevation and roof is different with some having arched windows and others bay type. We are trying to keep the concept of an old village, with the amenities of the 21st century. The workers call it disneylandia.

We are building 5 pools cascading one to the next in the park of the pueblito. The first pool starts just below the church steps and the last one at the activity center on the other end of the park. They are under construction now and should be completed by my next report. The next building completed will house our showroom for doors, cabinets, plumbing fixtures, lighting and tile that we have available for the homes we are building. We make the doors, cabinets and decks in our own wood shop. We make the ironwork such as railings, chandeliers and curtain rods in our iron shop. We will be making our own aluminum windows in our window shop within the month. The tiles all come from Spain, and we will have a web page devoted to them in a few more weeks. The furniture showroom will also have a web page devoted to it so you can see the variety of furniture we make and have available to homebuyers should they not want to ship theirs down.

The first two duplexes are nearly ready. The windows went in this last week. The old tile roofs are absolutely spectacular. They add so much character to the buildings. The first coat of base white paint went on last week as well. The final wash finish will start this week. The tile is expected in from Spain in the next week, so all looks ready for our move in the middle of December.

We will break ground next week on the first two-level duplex. We have sold several, and the owners are eager to move in. We expect to have them completed in April next year.

The underground utilities are under way. This requires a lot of digging and then concrete with tubes for the various electric, phones, security, etc. We expect to report next month to have power in the pueblito and duplexes. I sure hope so because my wife refuses to move in without the use of a hair dryer.

We are working with Casa Esperanza (House of Hope) for a charity event in Valle Escondido to be held in the pueblito on the 16th of December. They work with the Indians here in Chiriqui province to better their conditions through support and education. This will be an afternoon family event with three or four bands, food and beverages -- and the finale of the lighting of the two 80-foot Norfolk Island pines on the ridge above the pueblito! Valle Escondido is donating $5,000 to the location as well as personnel of Casa Esperanza. All of the money for entry will also go to the charity. If you would like to personally contribute, please let me know. We would like to continue this as a yearly charitable event in the valley.

Well, those are the highlights for the month. Feel free to contact us if you have any questions or suggestions.


       

       
       
   
Gallery

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