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Restore accountable leadership.

• In 2024, the Treasurer resigned after repeatedly being denied access to QuickBooks and bank accounts.
• The Board wrote off nearly $2.5M of $4M in accounts receivable with no explanation, despite an owner with 30+ years of collections experience offering free analysis. Owners voted nearly unanimously to accept his offer, but the Board still has not done so.
• The Board long resisted audits. Although an audit of 2024 was promised, apparently none was completed as of June 2026. The chosen auditor is in California and costs more than double a Minnesota firm's bid.
• When questioned about inconsistent financial statements, the manager admitted the owners had not been given the "real" statements, but the replacements still raised serious questions that were never addressed.

• The President signed Capital Vacations contracts without proper Board approval.
• Global Exchange Vacations (178.5 weeks) was excused from special assessments in 2022 and again in 2023, violating the Declaration.
• Special assessments were imposed without owner approval required for capital improvements.
• The Board required proxies to be submitted early, violating Minnesota law and the By-Laws.
• Candidates were denied access to the owner list in 2023–24, forcing litigation.
• The Board refused owners access to election documents from the 2023 and 2025 meetings, again forcing litigation.
• A Capital Vacations representative was appointed to the Board despite not being an owner, violating eligibility rules contained in the By-Laws.
• The Board initially tried to extend this appointee's term beyond what the By-Laws allow.
• The Board allowed a Board member to remain on the Board even though he transferred his Causeway ownership to Capital Vacations in July of 2025. When the Board finally removed him in April of 2026, they then refused to fill the resulting vacancy, in violation of the By-Laws.
• The Board refused to call a Special Meeting requested by 50 owners, violating Minnesota law.
• Contracts with Capital Vacations effectively lock Causeway in for 10 years, violating the By-Laws' 3-year limit.
• For years, Gull Five owners were denied voting rights, likely invalidating past elections.

2023

• The manager, Neal Narveson, urged the Board to vote against challengers so he could be sure to finalize his deal with Capital Vacations.
• Candidates were denied the owner list; proxies were rejected under illegal deadlines.
• Global and CGVI were allowed to vote despite unpaid assessments.
• Gull Five votes were improperly excluded.
• The Board refused to allow owners to inspect the ballots, in violation of By-Laws and MN law.

2024

• The President accepted Global's 178.5 votes after voting had closed and despite unpaid assessments.
• Global was allowed to vote for more candidates than permitted.
• A Board vacancy was filled with a candidate who received far fewer votes than another.
• Gull Five votes were suddenly counted (572 votes), reversing election outcomes and defeating an audit proposal.
• Candidates again were denied the owner list.

2025

• The Board attempted to hide that four Board seats were up for election.
• Proxy materials omitted candidate information and did not disclose how proxies would be voted.
• The Board again tried to impose an illegal proxy deadline.
• The Board refused to announce election results at the meeting and resisted transparency measures.
• The Secretary, who had expressed strong preferences for the election outcome and whose father was running for the Board, was allowed to take possession of all proxies for nearly a week, without any safeguards.
• Contact information for Board and management was removed from the website.
• The Board abolished the Ad Hoc Committee and term limits for Board members.
• Attempts to appoint independent ballot overseers were manipulated or reversed.
• The Secretary used owners' proxies to elect a representative of Capital Vacations to the Board, even though he was not an owner of Causeway and therefore was ineligible for a Board position.
• Owners were again denied access to election materials, prompting litigation.

• The Board's apparent violations of Causeway's Governing Documents and MN law, described above, would also constitute breaches of the Board's fiduciary duties.
• Most Board members approved three major Capital Vacations contracts within hours of receiving them, without discussion, summaries, or adequate due diligence.
• The manager, Neal Narveson, who had a financial conflict of interest, led negotiations.
• Two Board members resigned after being denied information.
• The Board relied heavily on the manager without independent review.
• Evidence suggests a Board member may have purchased an Association-owned week at a bargain price.
• The Board refused to provide the Treasurer with the tools he believed he needed to do his job, leading to his resignation.
• The Board failed to elect a Treasurer for extended periods.
• The manager, Neal Narveson, falsely listed himself as an officer on tax returns; the Board attempted an improper retroactive fix.
• The Board has not accepted the offer from an owner with 30+ years of collection experience to analyze and assess the collectability of $4 million of Causeway's accounts receivable, for free.
• Causeway's physical and financial condition deteriorated significantly, including loss of RCI Gold Crown status and near elimination of equity.

Owners reported:

• High-pressure tactics to surrender deeds and pay $10k–$25k+ to join the points club.
• Threats of massive maintenance fee increases and special assessments.
• False claims about Capital Vacations owning all "dead weeks" and foreclosures.
• Misrepresentations about "money given" to Causeway (actually a loan secured by Causeway assets).
• Statements that Capital Vacations aimed to take control of Causeway.
• Threats of taking Causeway out of RCI.
• Misrepresentations of financial data.

• Capital Vacations has unusual power as manager, sales agent, rental agent, and owner.
• Contracts require Causeway to transfer at least 167 weeks (most, if not all, already transferred).
• From 2027 onward, 75% of transferred weeks must be prime season.
• Capital Vacations has exclusive rights to sell and market Association-owned weeks.
• Termination of the contract before its full 10-year term is nearly impossible and would trigger immediate repayment of $348K "key money" plus interest, as well as immediate payment of all remaining fees payable under the management contract for the full 10-year term.
• A "change in control" (e.g., Capital acquiring more than 50% of weeks) would trigger immediate repayment of the $348k of "key money" and potential foreclosure.
• Capital Vacations agents have told Causeway owners that Capital Vacations is aggressively trying to take control of Causeway and that "if we get 51%, we can do whatever we want."
• With majority voting power, Capital could, among other things, raise maintenance fees, impose significant special assessments, squeeze out remaining owners and gain full control of this valuable property.
• Other Capital-managed properties have struggled financially, including Powder Ridge Village and Hawaiian Sun Holdings.