Meeting Highlights

October 6, 2015
Board of Directors’ Meeting

President Eric Siegel called the meeting to order at 9am PDT. Board members in attendance were Eric Siegel, Jay Anderson, Paul Seaman and Peter Grant. Management was also in attendance.

The following actions took place:

• The Board approved the minutes from the June 6, 2015 Board of Directors’ Meeting.

• An overview of resort Operations, including Front Desk, Housekeeping, Maintenance, Activities, Landscaping, and Fiscal Performance was presented.

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

• The Board approved the 2016 Operating Budget as presented, with a total increase of 4.5%.

• The Board approved the 2016 reserve projects not to exceed $209,885 and the 2017 reserve projects not the exceed $116,763.

• The Board approved additional reserve funding of $16,000 for the Wolf Den furniture and window treatments.

• The Board moved into Executive Session to discuss a potential contract. No action was taken.

Upcoming Meeting Dates

March 15, 2016 – 9am (PDT) at the Red Wolf Lakeside Lodge
Board of Directors’ Meeting

June 11, 2016 – 1pm (PDS) at the Red Wolf Lakeside Lodge
Board of Directors’ Meeting

June 11, 2016 – 2:30pm (PDS) at the North Tahoe Event Center
Annual Owner’s Meeting

October 4, 2016 – 9am (PDS) at the Red Wolf Lakeside Lodge
Board of Directors’ Meeting

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.