Grand Pacific Palisades Newsletter - Vol 1 2024

P romenade PALISADES

A Season Of Change

“Life is a series of seasons and spring is a season of new beginnings and fresh starts.” - Anonymous

I love this quote, especially as Palisades heads into the wonderful and ever-changing seasons of spring and summer. So many new beginnings to share as we welcome new faces to our Management team, continue revitalizing the Resort with construction improvements and get ready for perhaps the most spectacular show of color The Flower Fields at Carlsbad have ever produced!

We’ll fire up the BBQ’s, pump up the basketballs and get ready for another fun-filled spring and summer, as we welcome new and returning Owners and their families. Our Associates are gearing up and stocking up knowing sunshine and high-energy days are just ahead!

We wished Assistant General Manager, Patrick Fernane, a fond farewell and best of luck on his recent retirement, as he moves into a new adventure. Patrick enjoyed 25+ years as a dedicated GPR Associate and for that, we thank him! With big shoes to fill, welcome Len Regan as Palisades new AGM. Len comes to us with an impressive background in Hospitality and possesses an abundance of heartfelt service and

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Your Reserve Dollars at Work

Resort repairs continue to improve the infrastructure of the buildings. Resort improvement projects currently in progress are Balcony Inspections/Repairs and Elevator Repairs and Maintenance.

We understand that improvements do cause construction interruptions and noise, however, maintaining the condition of Palisades is our number one objective. We appreciate and thank our Owners and Guests for their understanding while these necessary improvements are completed.

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Maureen Carew General Manager

Len Regan

A Season Of Change

experience to guide the team. Although our Guest Services Manager John Speciale is new to Palisades, many of you may recognize John from the Southern California Beach Club where he welcomed Owners for the past two years. We are very fortunate to have John’s dedication to service and knowledge join the Palisades team.

A huge round of applause to our BE EPIC Champion of 2023, Divina Willey, Housekeeping Supervisor! Her 12-year journey with Grand Pacific Palisades has been marked by continuous growth and adaptability. Her dedicated service to Palisades' Owners, Guests, and Colleagues is exemplary, as she consistently upholds high standards in her professional role. Bravo Divina!

High energy and fun are on Ryan Gaut’s “To Do” list as he and his team plan for another spring and summer filled with good times! Ryan, Jannet C. and Kayleen S. continue to welcome Owners and their families to the Activity Center, striving to pack your days with indoor and outdoor activities.

One of the most popular spring attractions is The Flower Fields at Carlsbad Ranch that is literally in our backyard! The 2024 season opens March 15th. Click on the link below to purchase advance tickets and see all the fun activities you and your family can enjoy, surrounded by the beautiful and colorful ranunculus!

Sincerely,

Maureen “Mo” Carew, General Manager

Your Reserve Dollars at Work

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https://www.theflowerfields.com/

We anticipate the arrival of the new Queen Sofa Sleepers. We listened when you reported that the current sofa sleepers were worn and uncomfortable. Our wish is for you to enjoy sweet dreams and a restful night’s sleep on these beautiful new sofa sleepers.

Divina Willey

John Speciale

Exit Smart, Exit Safe

We love having you as an Owner at Grand Pacific Resorts and know that your Ownership has provided you with a beautiful home-away-from-home and cherished memories to last a lifetime.

Our hope is that you will continue to enjoy the value of your Ownership investment. In an interview with the President of the American Resort Developers Association (ARDA), Jason Gamel said, “The timeshare industry tends to bounce back extremely quickly following challenges like natural disasters or economic hardships.” As your management company we are here to ensure that your HOA is financially healthy and you are realizing the benefits of being an Owner.

Many Owners find comfort in beautiful surroundings with units featuring amenities conducive to spending quality time with loved ones like large living rooms, full kitchens, and featured resort experiences. They also appreciate the opportunity to be involved in the timeshare decision-making process along with directly benefitting the local community. Also, since 2016, most Owners are comprised of Millennials rather than Boomers, contrary to popular belief. This is due to younger generations growing up with timeshares and understanding their value firsthand.

However, if you feel like you are at a point in which you are ready to move on from Ownership we are here to discuss your various options, from handing it down to safely selling, as well as answer any questions you may have throughout the process.

For Tips and Resources visit: https://grandpacificresorts.com/owners-community/ stay-informed/exit_smart/

Your Leadership Team is dedicated to maintaining expenses while making sure Grand Pacific Palisades is well cared for. We thank you for your continued dedication to Palisades and Grand Pacific Resorts and look forward to welcoming our Owners over the spring and summer seasons.

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GRAND PACIFIC PALISADES

Highlights

October 5, 2023 Board Of Directors Meeting

President David Brown called the meeting to order at 9:03 a.m. PDT. Board Members in attendance were David Brown, Nigel Lobo, Robert Shipley, Linda Ruane and Debbie Drastrup. Management was also present.

• The Board approved the minutes of the August 3, 2023 Board of Directors’ Meeting.

• The Board ratified their monthly review of the Association’s financial records for the operating and reserve accounts for June, July and August 2023.

• The Board received an overview relating to 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 2024 Operating Budget with a 4.05% increase to Operating and a 10.50% increase to the Reserves for a total increase to assessments of 5.65%.

• The Board approved an EPT fee structure to offer Owners alternative methods of remittance to include electronic payment transactions and to collect an EPT fee from Owners who elect to pay by credit and debit card.

• The Board approved the additional Reserve fund expenditures of $538,000, relating to Balcony Inspections/Repairs, Appliance Replacement and 2023 Emergency Fund.

• The Board approved the Reserve fund expenditures, relating to Garage HydroJetting, not to exceed $8,000.

GRAND PACIFIC PALISADES

Meeting Highlights

• The Board approved a resolution authorizing Grand Pacific Resorts as Managing Agent to accept the electronic authorization of at least one (1) Director of the Board as written confirmation for authorization of requested withdrawals of moneys from the Association reserve account(s) for payment of expenditures preapproved by the Board of Directors.

January 25, 2024 Board Of Directors Meeting

Vice President, Linda Ruane called the meeting to order at 9:00 a.m. PST. Board Members in attendance were Nigel Lobo, and Debbie Drastrup. Management was also present.

• The Board approved the minutes of the October 5, 2023 Board of Directors’ Meeting.

• The Board ratified their review of the Association’s financial records for the operating and reserve accounts for September, October and November 2023.

• The Board ratified the Reserve fund expenditures, previously approved via email December 7, 2023, relating to Penthouse Updates and Queen Sofa Sleeper Replacement (80 Units), not to exceed $316,000.

• The Board adopted a Pet Policy in the Rules & Regulations and authorized Officers and Management to carry out this policy as deemed necessary.

• An Owner inquired about future plans for the Penthouse unit.

For the most up-to-date meeting information, please reference your online Owners’ Community at https://palisades. grandpacificresorts.com/.

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 Shrock. 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.

Future Meeting Dates

You are welcome to attend the meetings virtually on zoom. Simply visit zoom.com and enter the 11-digit meeting number associated with the scheduled meeting.

Friday, April 5, 2024

9:30 a.m. PDT, Videoconference Board of Directors Meeting

ZOOM LINK: https://us06web.zoom. us/j/85406251495

MEETING ID: 854 0625 1495

Friday, April 5, 2024

11:00 a.m. PDT, Videoconference Annual Owner's Meeting

ZOOM LINK: https://us06web.zoom. us/j/87251969684

MEETING ID: 872 5196 9684

Thursday, July 11, 2024

9:00 a.m. PDT, Videoconference Board of Directors Meeting

ZOOM LINK: https://us06web.zoom. us/j/81467708809

MEETING ID: 814 6770 8809

Thursday, October 3, 2024

9:00 a.m. PDT, Videoconference Board of Directors' Meeting

Meeting Login:

ZOOM LINK: https://us06web.zoom. us/j/85467262236

MEETING ID: 854 6726 2236

Thursday, January 23, 2025

9:00 a.m. PST, Videoconference Board of Directors Meeting

ZOOM LINK: https://us06web.zoom. us/j/82250959659

MEETING ID: 822 5095 9659

Grand Pacific Resorts is dedicated to finding innovative ways to be more environmentally friendly to keep the places you love to vacation beautiful.

Making a difference...

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GRAND

Carlsbad, CA 92008

GrandPacificPalisades.com 760-827-3200 | #MyPalisades

GRAND PACIFIC

5900 Pasteur Ct., Ste. 100

CA 92008 (888) 477-6967

CA 92008 (760) 431-8500

grandpacificresorts.com