Meeting Highlights

July 9, 2015
Board of Directors’ Meeting

Vice President Linda Simkins Ruane called the meeting to order at 10:33am PDT. Board members in attendance were Linda Simkins Ruane, Tim Stripe, Robert Shipley and Nigel Lobo. Management, Resort Associates and Owners were also present.

• The Board approved the minutes of the April 26, 2015 Board of Directors’ Meeting.

• Marsi Gigler, Manager of Insurance and Risk Management, explained the insurance policies currently in place for the Grand Pacific MarBrisa Owners’ Association.

• 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.

• The Board ratified the reserve expenditures approved via email dated July 7, 2015 in the amount of $82,356 for Golf Carts, A/C Repair/Replacement, Arc Flash and Coordination Study, Accessories, Luggage Carts, BBQ Grills, Ice Maker and Shelving for the new Villa storage rooms.

October 15, 2015 Board of Directors’ Meeting

President David Brown called the meeting to order at 9:06am PDT. Board members in attendance were David Brown, Linda Simkins Ruane, Tim Stripe and Robert Shipley. Management was also represented.

• The Board approved the minutes of the July 9, 2015 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.

• The Board approved the 2016 Operating Budget as presented, with a 0% increase to the operating contribution, and a 42.6% increase to the reserve contribution, totaling an increase of 5.7%.

• The Board approved reserve expenditures not to exceed $222,429 for replacement of carpet and paint in Villas 56, 54 and 50, as well as funds for the reclaimed water project.

Meeting Dates
Thursday, January 14, 2016 at 10:30am (PST), HGVC at MarBrisa
Sunday, April 24, 2016 at 12:30pm (PDT), HGVC at MarBrisa
Sunday, April 24, 2016 at 2pm (PDT), Sheraton Carlsbad Resort, Annual Owners’ Meeting
Thursday, July 7, 2016 at 10:30am (PDT), HGVC at MarBrisa
Thursday, October 13, 2016 at 9am (PDT), HGVC at MarBrisa

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.