Casella Postale 50
07020 Porto Cervo – Italy
Tel. +39-0789-92512, 92550, 94320 Fax. +39-0789-92613
Porto Cervo, November 2008
wish to inform the 406 members of the Association of the work done since its
formation approximately two years ago. Firstly we wish to point out that our
intention has not been to simply go against the Consorzio Costa Smeralda, but to
encourage it to resolve the many problems that are the cause of much discontent
amongst Consorzio members.
have in fact attempted to cooperate with the general Manager of the Consorzio
and have actually obtained some positive results. However, we have encountered
total obstinacy with the Consorzio Board of Administration, which has continued
with its anti-democratic policy and lack of transparency in running our
Consorzio, to mainly favour one major Consorzio member.
will remember that last year, this major Consorzio member, Colony Capital,
formed the new Board of Administration exclusively with its own representatives,
illegally adopting the title of Founding Member. APICS immediately took it to
Court on this point and the Board of Administration, as a defensive measure,
called an Extraordinary Assembly in July to change the Statute and eliminate the
figure of Founding Member. It also made changes whereby it could modify at
pleasure the mechanism of calculation of the Consortium fees to be charged to
has decided to oppose this new arrogant measure of the Board of Administration
with further Court action, so as to avoid the imposition of one Consorzio member,
Colony Capital, with its mere 20% of quota, over the 80% made of 3500
“small” Consorzio members.
the financial resourses of our Association are quite limited and we have for
example avoided posting activity reports to save money and have published all
information on our web site, www.apics.it.
Court case expenses have so far been personally paid by APICS’ Administrators,
whereas a contribution from each APICS member of € 100 would enable us
to continue our actions and undertake any new measures that should prove
necessary to defend the “small” Consorzio members’ interests. We certainly
hope to limit the Consorzio expenditure, which is continually increasing while
the quality of the services is continually deteriorating.
therefore ask for your financial contribution which can be made via bank draft
to the APICS account: – Banca Intesa Porto Cervo – Account: 6152419865/47
– IBAN: IT 09J030 6984 9006 1524 1986 547 with the following justification: “Expenses
contribution APICS”. We also ask you to give us an email address which
will facilitate further communications with you. Thank you.