Meeting Highlights
August 21, 2015
Board of Directors’ Meeting
President Marianne Caudill called the meeting to order at 5:30pm PDT. Board members in attendance were Marianne Caudill, Don Taylor, Eric Siegel, David Fehlman, and Andrea Dangerfield. Owners were also present and Management was represented.
• The Board approved the minutes of the May 2, 2015 Board of Directors’ Meeting.
• The Board was provided an overview of operations which included the Front Desk, Maintenance /Housekeeping, Activities, Landscaping, Update on “Going Green” and Safety. Guest Satisfaction Scores and Fiscal Performance were also presented and discussed.
• The Board approved the 2016 operating budget with a 3.10% increase to the operating assessment and an 11% increase to the reserve assessment, totaling a 5.05% increase to the overall maintenance fee.
• The Board approved additional 2015 reserve expenditures for the Third and Fourth Floor Decks and Sewer Repair, not to exceed $97,500.
• The Board approved the 2016 reserve expenditures, with the exception of the Spa Replacement and Bathroom Model, not to exceed $276,630.
• The following was discussed during the Open Forum: Liability issues regarding boogie boards, the spa removal, the impact to owners in reducing the deficit, the allocation of Association dues by unit and appreciation to the team for great service.
November 12, 2015 Board of Directors’ Meeting
President Marianne Caudill called the meeting to order at 12:01pm PST. Board members in attendance were Marianne Caudill, Don Taylor, Eric Siegel, and Andrea Dangerfield. Management was in attendance.
• The Board approved the minutes from the August 21, 2015 Board of Directors’ Meeting.
• The Board was provided an overview of operations which included the Front Desk, Maintenance /Housekeeping, Activities, Landscaping, Update on “Going Green” and Safety. Guest Satisfaction Scores and Fiscal Performance were also presented and discussed.
• Marsi Gigler, Manager of Insurance and Risk Management, reviewed the insurance policies currently in place for the resort.
• Matthew Swain, Association Reserves Specialist, presented the Reserve Study process and discussed the current plan to reach 50% funding and the long-term plan to reach 100% funding.
Future Meeting Dates
Friday, February 5, 2016 – 6:30pm (PST) at Southern California Beach Club
Saturday, May 7, 2016 – 9am (PDT) at Southern California Beach Club
Saturday, May 7, 2016 – 10am (PDT) Annual Owners’ Meeting at Southern California Beach Club
Friday, August 19, 2016 – 5:30pm (PDT) at Southern California Beach Club
Thursday, November 10, 2016 at 12pm (PST) at Southern California Beach Club
Note: If you wish to have a copy of the Minutes for your records, please send your request along with a ($.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.