Meeting Highlights

June 12, 2015
Board of Directors’ Special Meeting
President Dr. Joseph Spirito called the meeting to order at 11am PDT. Board members in attendance were Dr. Joseph Spirito, Mary Dieckmann, Linda Simkins Ruane and Robert Shipley. Management was also present.

The Board adopted resolutions approving and authorizing the transfer of $150,000 from the Association’s general operating account to the Association’s general reserves account, effective immediately.

July 9, 2015 Board of Directors’ Meeting
President Dr. Joseph Spirito called the meeting to order at 9am PDT. Board members in attendance were Dr. Joseph Spirito, Linda Simkins Ruane, Robert Shipley and Mary Dieckmann. Owners and Management were also present.

• The Board approved the minutes of the April 4, 2015 Board of Directors’ Meeting and the June 12, 2015 Special Meeting.

• Marsi Gigler, Manager of Insurance and Risk Management, reviewed the insurance policies currently in effect.

• The Board received an overview 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 reserve expenditure of $78,000 for Towels and Linens.

October 8, 2015 Board of Directors’ Meeting

President Dr. Joseph Spirito called the meeting to order at 9am PDT. Board members in attendance were Dr. Joseph Spirito, Linda Simkins Ruane, Mary Dieckmann and David Brown. Owners and Management were also present.

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

• The Board received an overview 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 with a 7% increase.

• The Board ratified the reserve expenditure for towels and linens in the amount of $25,000 approved via email on September 15, 2015.

• The Board ratified the reserve expenditure of $2,240 for new parking lot asphalt approved via email on September 24, 2015.

• Kelly Brady-Snyder, Senior Director of Owner Loyalty, discussed the services provided by Grand Pacific Vacation Services (GPVS), which includes Owner Services, Grand Pacific Exchange (GPX) and ResorTime.

Future Meeting Dates:
Thursday, January 14, 2016 at 9am (PST), Grand Pacific Palisades 3rd Floor Hotel, Palisades Room
Saturday, April 2, 2016 at 12:30pm (PDT), Grand Pacific Palisades 3rd Floor Hotel, Palisades Room
Saturday, April 2, 2016 at 2pm (PDT), Grand Pacific Palisades, Ballroom, Annual Owners’ Meeting
Thursday, July 7, 2016 at 9am (PDT), Grand Pacific Palisades 3rd Floor Hotel, Palisades
Thursday, October 6, 2016 at 9am (PDT), Grand Pacific Palisades 3rd Floor Hotel, Palisades Room

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.