Meeting Highlights

June 10, 2015 Board of Directors’ Meeting

President Eric Siegel called the meeting to order at 4:32pm PDT. Board members in attendance were Eric Siegel, Chuck Munzert, Andrea Dangerfield and Ron Hansen. Management was also represented.

• The Board approved the minutes of the April 9, 2015 Board of Directors’ Meeting.

• An overview of Front Desk Operations, Maintenance, Activities, Landscaping, Going Green Efforts, Guest Satisfaction Scores and Fiscal Performance was presented.

• Virginia Mula, Owner Loyalty Supervisor, explained Coronado Beach Resort’s delinquency rate from 2009 to 2015, which is currently trending at 2.12%. Tammy Paul, Board Specialist and Service Solutions Manager, discussed Owner usage.

• The Board appointed Chuck Munzert to the positions of Secretary and Treasurer for the Association to serve for a term of one year, or until his successor is elected and qualified.

• The Board ratified the reserve fund expenditures of $4,000 approved by email dated May 1, 2015 for Phase 2 Construction Renovation and Heat Pump.

• The Board ratified the reserve fund expenditures of $7,075 approved by email dated June 1, 2015 for the Spa Renovation.

• The Board approved the reserve expenditure of $4,362 for the Time Warner Cable upgrade.

Annual Owners’ Meeting, June 10, 2015

President Eric Siegel called the meeting to order at 6:02pm PDT at the Coronado Community Center.

• The June 18, 2014 Annual Meeting Minutes were approved.

• Erick Cajigal provided a presentation regarding resort operations that included Front Desk Operations and Activities. Carlos Carranza reported on Housekeeping and Maintenance.

• Amanda Dolan discussed social media, Going Green initiatives, Guest Satisfaction Scores, service culture, 2014 fiscal performance, property improvements, including the unit remodel, and the Christel House Charity. Further, she explained Owner benefits available through Grand Pacific Vacations Services, which includes Owner Services, Grand Pacific Exchange (GPX) and ResorTime. She introduced the Associate of the Year for 2014; Willy Mesina, and announced that Ramon Alvarez received a Silver ARDY for Maintenance Technician of 2015.

• Ed Wright, Legacy Sales Group, explained sales and introduced Meghan Farley and Seana Miller.

• Chuck Munzert and Eric Siegel were re-elected to the Board of Directors for a two-year term.

• Topics discussed during Open Forum included the loan obtained for the renovation, state water restrictions, salary increases for staff and early access to available inventory through GPX.

• The winner of the proxy email contest was Elizabeth Samela.

September 16, 2015 Board of Directors’ Meeting

President Eric Siegel called the meeting to order at 1pm PDT. All Board members were in attendance. Owners and Management were also present.

• The Board approved the minutes of the June 10, 2015 Board of Directors’ Meeting.

• An overview of Front Desk Operations, Maintenance, Activities, Landscaping, Going Green Efforts, Guest Satisfaction Scores and Fiscal Performance was presented.

• Ashley Swallow, Staff Accountant, explained the Retained Earnings Analysis report and how this relates to the financial health of the Association.

• The Board approved the following reserve fund expenditures: $16,000 for Computer Upgrades and Unit Lighting and $71,932 for Construction Renovation & Time Warner Cable Upgrades.

Upcoming Meeting Date

March 4, 2016 – 1pm (PST), Coronado Beach Resort
June 15, 2016 – 4:30pm (PDT), Coronado Community Center
June 15, 2016 – 6pm (PDT), Annual Owners’ Meeting, Coronado Community Center
September 14, 2016 – 1pm (PDT), Coronado Beach Resort

Note: If you wish to have a copy of the Minutes for your records, please send your request along with a ($.63) stamped self-addressed envelope to Grand Pacific Resort Services, L.P., 5900 Pasteur Court, Suite 200, Carlsbad, CA 92008, Attn: Rosalie McDonnough. Owners are welcome to attend any regular Board meeting. Board meeting agendas are posted at the resort four days prior to the meeting. If you would like a copy of the final agenda for any Board meeting mailed to you, please contact your Resort Manager prior to the meeting. Since meeting times and location are subject to change, please contact your Resort Manager in advance to reconfirm the exact time and location.