June 14, 2016 Board of Directors’ Meeting
President Dr. Joseph Spirito called the meeting to order at 11:09am PDT. Board members in attendance were Dr. Joseph Spirito, Mary Dieckmann, David Brown, Chuck Munzert and Linda Ruane. Management and Owners were also in attendance.

• The Board approved the minutes of the April 18, 2016 Board of Directors’ Meeting.
• Marsi Gigler, Manager of Insurance and Risk Management, reviewed the insurance policies currently in place at the resort.
• The Board received updates relating to resort operations including Front Desk, Housekeeping, Maintenance, Activities, Landscaping, Safety, Guest Satisfaction Scores, Inventory and Default Analysis, Reserves, Fiscal performance and Delinquency.
• Management will continue to research the best process to provide the agenda to the Owner base. The agenda will be added to the website in the Owners’ Corner.
• The Board approved renewal of the Resort Affiliation and Owners Association Agreement with RCI for a three-year term through June 30, 2019 and authorized the Board President to take all such action as deemed necessary or advisable to carry out the purposes hereof.
• The Board authorized the transfer of $250,000 from the Association’s General Operating Account to the Reserve Account.
• The following was discussed during Open Forum: Towels, umbrellas and cabanas at the pool, decorative items in the units, new check-in packets, affiliation with HGVC, in-unit materials, Activities program, security, and in-unit music players.

September 13, 2016 Board of Directors’ Meeting
President Dr. Joseph Spirito called the meeting to order at 1:01pm PDT. Board members in attendance were Dr. Joseph Spirito, Mary Dieckmann, Chuck Munzert and Linda Ruane. Management and Owners were also present.

• The Board approved the minutes of the June 14, 2016 Board of Directors’ Meeting.
• The Board received updates relating to resort operations including Front Desk, Housekeeping, Maintenance, Activities, Landscaping, Safety, Guest Satisfaction Scores, Inventory and Default Analysis, Reserves, Fiscal performance and Delinquency.
• Jeff Brock addressed the following concerns expressed by Owners at the June Board Meeting: Pool towels, in-unit materials, Activities program, security, in-unit music player, umbrellas and cabanas at the pools.
• The Board approved the 2017 Operating Budget.
• The Board ratified the 2016 reserve expenditures for Unit Phones and Bluetooth Music Players, sent via email, not to exceed $10,178.
• The Board approved the 2017 reserve expenditures, as presented by Management, not to exceed $418,244.
• The following was discussed during the Owner Forum: welcome back Jeff Brock as Resort Manager, concern for global warning and land erosion, appreciation for the new towels and umbrellas at the pool, icemakers, a channel guide added to the compendiums, password protecting the Owner’s website, bathroom motion sensors and the addition of a hook on bedroom doors, place settings in the units, and signage indicating additional chairs available upon request.

Meeting Dates

• Thursday, December 1, 2016 – 2:30pm PST, Carlsbad Seapointe Resort
• Thursday, March 2, 2017 – 1pm PST, Carlsbad Seapointe Resort
• Saturday, June 10, 2017 (UPDATED) – 9:30am PST, Carlsbad Seapointe Resort
• Saturday, June 10, 2017 (UPDATED) – Annual Owners’ Meeting, 11am PST, Carlsbad Seapointe Resort
• Tuesday, September 12, 2017 – 1pm PDT, Carlsbad Seapointe Resort, Budget Meeing

Note: If you wish to have a copy of the Minutes for your records, you may request a copy via email to gpvspecialist@gpresorts.com or 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.