Timeshares got a very rough reception in the Nag Board of Commissioners May 2nd meeting which focused on proposed amendments to the code of the town regarding real estate transactions surrounding the terms of hotel, condo and timeshare.

Real estate developer Goldkey/PHR had made a request through lawyer Bobby Outten to have the code amended.  The specific chapter in question was Chapter 48 within the ordinance for real estate zoning of Nag.  The change would have allowed them to develop new hospitality real estate ventures, amongst them a number of timeshares, as well as an innovative new design that would act as a hybrid between a hotel and a condo; similar to a timeshare facility.

Analysts are in agreement that the hybrid property was what resulted in the 3-2 voting down of the proposed changes.  According to the current ordinance, a hotel is a facility for residence where there are no cooking facilities.  The idea is that it is not intended to be a permanent residence and in order to allow the construction of the timeshare resorts that Goldkey/PHR are planning, that definition would need to be re-worked considerably.  The 3-2 vote shows that a majority of the board members, speaking for the residents in the area, are not willing to take that step.

According to attorney Outten, the town ordinance does not provide adequate definition for the term "transient", the term used to signify the types of people that would live in hotels under the city ordinance.  The length in particular is of importance to this definition as it is the length of stay that defines whether timeshares would be acceptable under the city ordinance.

At the current moment, the board still needs to decide what the next step is from this point.  It has been suggested that the board should dedicate part of an upcoming meeting to discussing the matter and that suggestion is currently being deliberated.