2017 Board of Directors

Board of Directors Meeting Minutes Scroll to Page 3

Walter Johnson, President Mike Shestok , Vice President Jay Cooper, Secretary/Treasurer Richard De Jong, Director Florence “Flo” McGee, Director

CAMARON COVE BOARD OF DIRECTORS MEETING TUESDAY, NOVEMBER 15TH 7:00PM AGENDA Approval Board Meeting Minutes of October 20th, 2016 Attorney, Brian Deeb on 2nd Elevator For The Resort Brighthouse Cable TV, Telephone, Internet Annual Homeowners Meeting Correspondence from Homeowners Discussion of Unfinished Business from Past Meetings Correspondence from Homeowners Date of Next Board Meeting ATTENDEES: Walter Johnson, President Mike Shestok, Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Rick DeJong, Director Jim Valente, President VPM Mark Bodine, Vice President VPM Gloria Weir, General Manager VPM Brian Deeb, Attorney Troy, Brighthouse Sharon Rischel, Homeowner Meeting called to order at 7:00PM. Approval Board Meeting Minutes of October 20th, 2016: Walter Johnson asked if all members received the minutes which they have. Mike Shestok made motion to approve, Jay Cooper, seconded, motion carried. Attorney, Brian Deeb on 2nd Elevator For The Resort: Mark Bodine that since there has been serious concern about adding a 2nd elevator that he felt the Board should discuss with the attorney to hopefully get some kind of direction. Brian Deeb has looked at the materials provided to him and likes the idea of a straw vote and possibly such material could be handed out at the annual meeting or separate meeting to engage the unit owners and see their reaction to this. Mark Bodine stated that a straw vote was done a few years ago and the vote came back 50/50. Ones on the lower floors said no and upper said yes. The next mailing is the annual billing and could we send out a letter with that. The first letter that went out just asked if they wanted a second elevator but did not provide any details. Flo Mc Gee confirmed with Mark Bodine that the elevator had been down twice. Mark Bodine stated it was down last week and about 5 years ago it was down for a week. The resort does have a backup circuit board and if need be that can be put in place and the elevator back up and running quickly. Gloria Weir stated that when the condo docs for Camaron Cove were established in 1987 it was stated there was one elevator and would it be possible to have them amended to stating if second elevator is deemed necessary that the Board of Directors could make that decision. There have been amendments in the past where the homeowners did approve them. Brian Deed stated it could be done we just have to eliminate their rights to vote on amending the common areas. Jim Valente stated that Gloria’s idea has some merit to modify the docs to give the board authority since when it was built it was full condominium with only 40 owners compared to the current 2040 and increase in liability. Brian Deeb applauds the thought that the provision has specific vote to let owners know why and the effect of it.

Mike Shestok also applaud the thought and his current feeling was against it but with the down time and age of the homeowners and medical issues now feels it is needed. A second elevator would be helpful but there are other aspects to think about, such as if permitting would allow, if building would hold it along and placement of elevator room. A straw vote and possibly provide at the annual meeting a copy of Brian Deeb letter of 2012 and see if owners are in favor of a 2nd elevator also the fact it would have to be a special assessment and if they feel the monies should be used for something else. Suggestion is to have a tear sheet at the meeting in which those present could state how they feel and provide any questions they may have. The tear sheets would then be given to Brian for his review. If they have any questions that would need research they could provide their name and number and we could get back to them after Brian researches it. Mike Shestok not sure how he feels about it being mailed with the billing since that it really does not need to be returned till April. Email blast might not work and did not feel it would be built before 2018. Brian Deeb asked if they felt his letter should be attached but Mike Shestok stated “why not as it is stating the truth”. Mike Shestok has attended coffee & donuts and people have asked about a 2nd elevator. Plan B to modify the documents could be very expensive so a straw vote favor stating the amount will give the resort an idea. Rick DeJong asked that since the 2012 letter has there been any decisions or legal changes. Need to be clear on why we need the elevator and the dollar amount is there to be there to pay for it. What legal ramification if the elevator goes down regarding staff assisting people and what legal actions could take place. Flo McGee asked about the people who are severely handicap and Mark Bodine explained that the fire department has come out. Rick DeJong asked if there was a way to not have the people who do not pay the special assessment from using a second elevator. Brian stated you could not prevent them from using it because it is common area and you could not remove anyone from using. Flo McGee asked about freight elevator but again it is changing a common area. Majority of the homeowner who vote yes would be subject to the special assessment and those who vote no do not have to pay. Gloria asked Mark to see if he had copy of the last letter that went out and provide to the Board for beginning steps. Mark Bodine to provide letter to the Board that could be inserted with the invoicing. Brian Deeb willing to prepare letter and get back to the Board prior the annual meeting for their review and have them approve it, in which it would get mailed out with the billing in late December and return with their payment. The letter may not be a quick solution but letter could expedite the matter. Mike Shestok felt mailing the letter out with the billing but to place a self-stamped envelope to possibly encourage them to mail it back by the 1st of February. If the straw vote shows a positive feedback and people have questions’ then the Board can ask Brian to modify the letter to the homeowners in time to be mailed with the annual billing which goes out end of December. The final letter would need Board approval before mailing. All Board Members are in favor. Mike Shestok made motion to approve letter being written and provided to the homeowners present at the annual meeting. If any changes would need to be made after meeting the letter would be modified and then Board would approve to be included in the annual billing mailing, seconded by Flo Mc Gee, motion carried. Mike Shestok to prepare a tear sheet which will be handed out at the Annual Meeting. Such tear sheet will be sent to Mark by end of this week for Board Review. Mark asked of Brian about medical marijuana and the people are entitled to use the smoking area if they have a written prescription. Brian expressed the conflicting issues and if it is meant to prevent seizures you cannot prevent anyone, but short answer is no one is sure of the ramifications. Medical marijuana is usually in pill form. Brighthouse Cable TV, Telephone, Internet: Troy from Brighthouse called in to provide explanation of the wifi internet equipment. The Board of Directors thanked him for making the call. Brighthouse is merging

Time Warner & Charter and will soon be Spectrum. Currently Camaron Cove has contract with Brighthouse for internet, phone & cable. The current contract expires January 2017. Troy explained how they would rewire the hotel and Brighthouse will spend $33,000 for the wiring and installing the equipment and be placing modems in every other room. A test mockup has been completed showing that every inch has coverage and did a design and gave best estimate and so far no problems Each modem is mounted to a wall in each unit and placed in a secured box. Very intelligent access points and if you have them too close to each other they could power themselves down so they need to have space between then to work as efficient as possible. If in 103 and unit 101 or 105 goes down is it guaranteed that you 103 will be still guaranteed coverage. Because of the amount of bandwidth Unit 103 would still have complete coverage. If there is problem with Unit 101 it will not interrupt service at whole in Unit 103. If Brighthouse notices a problem they will come out and figure out and if another unit is needed they would replace at no cost to Camaron Cove. Flo Mc Gee asked that when they change to Spectrum would it change anything. It was confirmed that it does not change the contract. The new wifi would have a splash page to log in and authenticate and provide the information. It could be a picture of the facility or whatever you would like to see and it could be Bay News 9 or be redirect to website. If any problems with WiFi you would have an 800 number in case of outage. If it is regarding a technical issue you have with your equipment that would be a different 800 number. For outages staff would come out but for individual computer issues they would not. Mark’s biggest issue has been the various types of systems people are using and the staff is not technically capable of helping them. They will not drive out because someone could not get on an IPAD will provide the best service to the customers Troy gave Mark a list of vendors who he did contact and they all expressed they were very happy with it. Rick DeJong asked how long is equipment is good for and if updated what changes would be needed. If equipment needs to be upgraded Brighthouse would replace at no cost. The current equipment is up to todays’ technology and Brighthouse is not behind the times. With existing equipment you have to continue to spend money for upgrades. Question was asked about how often is it suggested to change password. No recommendation and some have not and some have every 3 months. Neighbors can see the system and since there is so much bandwidth they could share with everyone. Mark said he changes in the summer because of the number of users. The welcome package supplies the internet information. Flo asked about beach club users and if they can they use the wifi. Currently they are denied because it takes away bandwidth and it is explained it is just for the people staying at the resort. While staying at Camaron Cove you would have to jump onto the wifi system and you should be able to go from units to the pool without losing service. Mark stated that during summer peak time there are some of the 40 units with 6-8 devices being used. Currently today wifi has 12 access points and there will be 3 more with Brighthouse. The system is designed with 50x500 compared to today you have 200 mg. Jim wanted to make sure it is understood that there are many rooms within the unit and it confirmed that Troy has been in each unit several times. Forty units times 8 and streaming videos at 5mg only using 320 and you have 2050 but if that is done today with the 200 and you would have issues. It was stated that in peak time Mark has reboot the system. Mike asked if a modem goes out how do you know the unit having issues. They will look at the whole hotel and they will see the problem since it all talks back to the core. Brighthouse will know what unit is having problem most likely before the owner knows. Mike asked if there are any downside. The only downside is you lose file sharing and cannot use for printing or for the office. Office will not use any of the bandwidth that the resort is using. Office is hard wired. Really no downside since they are covering all equipment and wiring. Mark asked if the price be locked in for 5 years. Price locked in except for video side which is determined by the individual most increase is usually 5% solely based on what Brighthouse incurs on a programming side of it. It was stated that there would be probably be stations like sports channel. Currently paying $1,100 for all 40 units ($27.50 per unit) and new quote is $20 per unit so you will be going down. Flo McGee made motion to accept the package, Mike Shestok, seconded, motion carried. Contract to be prepared and it will be signed by Walter. Mark will get the contract over to Walter. Mark to provide needed information to Troy of Brighthouse. Once everything is in place with Brighthouse Mike suggested sending Nik a nice letter expressing how thankful Camaron Cove has been for his years of service.

was asked what will happen with all the existing equipment such as the boosters throughout the building. Rick asked if any value, not much value because system changes to much. Gloria stated that when time comes other VPM resorts may purchase them. Mike asked if a motion had been made to spend $24k on new televisions and the answer was no. That will to be approved by the Board when they go to digital. Right now the new contract is mainly for the purposed of wifi. Mark will check with Troy as to when he feels they will be going digital. Correspondence from Homeowners: Linda Piggott who owns two weeks in different units sent letter requesting that the Board consider moving a maintenance unit so that she could have ownership for her two weeks in the same units. In order to do this it would fall under same matter as elevator as the docs would have to be amended by a majority of homeowner vote. Mike Shestok made motion to have Jay Cooper prepare the homeowner a letter stating no as it is a maintenance week, seconded by Rick DeJong, motion carried. Jay will send draft of letter to the Board. Sharon Rischel asked about the elevator and is for it. She owns 301 and spent time in 306 and concern about noise from the elevator and the fact of kids waiting for the elevator. Mark explained that there is a staircase outside her unit to cushion any noise and elevator room would be on the bottom floor. Flo feels a second elevator would probably be a lot quieter. Rick confirmed a second elevator would be great. Sharon complimented everyone for their hard work. Annual Homeowner Meeting. Mark stated that for the annual meeting 673 proxies are needed and currently they 460. Email blast went out and another one will go out over Thanksgiving and there is still 3 weeks before the meeting. Rick asked to clarify legal meaning of the proxy. Mark stated if you cannot attend then it means Walter would vote your proxy the way you have it listed. If you vote yes for reserves than Walter has to vote yes. If proxy is blank then Walter would have to vote with the majority. The percentage use to 50% and in 1987 the docs where amended to the 33.3%. Mike stated there is 2080 unit weeks minus maintenance weeks and asked about the foreclosure weeks. The foreclosure weeks would be cast by Walter Johnson as to the majority. Old/New Business: Mike had two 2 things. First, he asked if we could start meeting with Pledge Allegiance at the annual meeting. No one had a problem with this. Mike Shestok made motion to start the meeting with the Pledge of Allegiance, seconded by Rick DeJong, motion carried. Rick felt this would set the meeting to a positive motion. Rick asked if an agenda will be sent out explaining what the annual meeting will consists of. Mikes second recommendation is that the current members continue hold their current positions and that secretary treasurer live within immediate area. Mark goes to Walters house for signatures. Jay visits regularly and Rick asked how far does he live which is only 7 miles. Mark stated that inspection of exterior building will start January 9th and pool will start on November 28th. A second letter has been sent to all owners Mark very satisfy with board. Mike Shestok made motion to adjourn the meeting, seconded by Jay Cooper, motion carried. Rick wished everyone a good holiday and looks forward to seeing everyone in December.

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CAMARON COVE BOARD OF DIRECTORS MEETING THURSDAY, OCTOBER 20TH, 2016 7:00PM AGENDA Approval Board Meeting Minutes of September 22, 2016 Brighthouse Cable, TV, Telephone, Internet Update on Renovations to the Resort: Keyless Locks, Pool Renovations, Building Inspection 2nd Elevator Room Sliding Glass Doors & Tracks 2016 Annual Meeting Running for Board of Directors 2017 Discussion of Unfinished Business from Past Meetings Old & New Business Date of Next Board Meeting ATTENDEES: Walter Johnson, President Mike Shestok, Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Rick DeJong, Director Mark Bodine, Vice President VPM Gloria Weir, General Manager VPM Marta Juharsz, Homeowner Meeting called to order at 7:01PM Approval Board Meeting Minutes of September 22, 2016: Mike had 2 comments. First comment was that the first try run was nine pages and applaud Gloria for getting it down to five pages and for working with him on the minutes. Second comment was on the Paragraph 12 third line says “Marked” needs to be Mark. With that change Mike Shestok made motion to approve the minutes of September 22nd, 2016, seconded by Flo McGee, motion carried. Brighthouse Cable, TV, Telephone, Internet: Last meeting Brighthouse approached Camaron Cove stating they could have better internet with basic wireless devices and would wire every other unit by placing a box in the unit. The bundle would include internet, telephone & cable but the televisions in the bedrooms would have to be replaced with high definition. Concerns about technical support in which Mark called a few places and they are currently happy and have eliminated most of the problems especially with guests/owners with the different types of equipment such as Androids, Iphones, and computers with Windows 8 or 10. Currently Camaron Cove has 3 year contract that expires in January and the price would stay the same for 5 year, only increase is what the stations would charge possible 2-3% and they would throw in sport channels. Mark believes this would eliminate most headaches since people are bringing in a lot of different equipment and office staff is not knowledgeable in all the types of equipment. Only cost is renewing contract. Mike agrees with no price for Brighthouse except to the resort to buy the televisions the cost would be $24,000. Question from Mike was that the Holiday Inn is of a public facility and have equipment in each unit. How does Camaron Cove get around the box issue being in every other unit and the such box information would have to be in the welcome books. Also asked what happens with Nik of Boss Solution. Mark stated Boss Solution equipment would go away.

Concern is if the person without a box but needs information how do they get it. Rick asked about the issue and making sure the owners can access Brighthouse. Mark suggested that Brighthouse representative come to the annual meeting. Flo asked if Brighthouse was sold and it merge next year to Spectrum. Boxes would not be needed in each unit and Brighthouse has stated that the signal will be strong enough to handle the internet. They did do a test already. There is time for the Board to review this matter. Mike made motion to table it and have Mark send representative to speak with the Board, Rick DeJong seconded, motion carried. Update on Renovations to the Resort: Keyless Locks, Pool Renovations, Building Inspection: Waiting for date as to when the company will put the keyless locks in along with equipment in office and set up training. Pool work scheduled start date is November 28, 2016 right after Thanksgiving. Building inspection for water leaks will be done as soon as the contractor can free a crew up. These are the 3 pending large projects. Mike asked about water leaks and is temperature a factor regarding applying the product. Mark stated that when the building was painted 4 years ago it was in October and the temperature this time of year is nice for working outside. 2nd Elevator: Mike had asked to send out elevator letter from Brian Deeb from a few years ago to Flo & Rick since they were not on the Board at that time. The letter shows the percentage needed to make such an alteration is 66.6% and people who did not would not have to pay. Flo stated the price to replace sliders/ windows is $300,000 does that not need to be approved by the homeowners. Mark explained that because the resort is replacing like with like no vote is needed that is more of maintenance issue. When it is an alteration to the building then a vote is needed. Flo stated that the letter was a few years ago and maybe it needs to be discussed again. Mark asked when the information is sent to the homeowners that the resort possibly send out a notice about the elevator with the annual meeting notice. Walter Johnson asked how many Board Members feel it should be pursued. Rick DeJong feel it needs to be shared and is in favor along with Jay Cooper, Flo McGee & Walter Johnson. It was stated that maybe have the attorney draw a letter that would be included stating about the 66.6% vote needed of which 51% would have to vote yes. If there is 51% then the 2nd elevator could be completed. Gloria asked if they would be looking at doing a special assessment. If you go with special assessment it would then require a 66% vote. Mark stated that the money could come from reserves. Currently there is $73,645 from BP, of which approximately $13,000 of taxes would have to be paid out. With the current reserve balance plus the new billing Mark felt there would be enough. It was stated to possibly add it to the proxy stating no cost to the homeowners but need the 66.6% vote. Mark will have Brian draw up letter and support 2nd elevator and then do not put special assessment. Mike agrees second elevator is needed but need to look at the amount between the elevator, construction and permitting. Mark stated there is currently $500k in reserves. Gloria stated if you put special assessment on the proxy people will not vote and chances of getting even 33% proxies back for holding the meeting might not happen. Rick stated since the last estimated cost was 2011 and getting new updated quote so we are going into this with eyes open is a good idea. The elevator would be same size as the current one. Brian Deeb, the attorney, could write up the letter while Mark is getting new quote and Board is looking for feedback but not a promise. If the votes are not in they cannot do it. Rick stated that it needs to be verified to owners that the funds are there.

Mike asked Walter what his thoughts were. Walter stated that both Jay & him feel that the elevator was needed. Motion made by Mike Shestok for Mark to contact Brian Deeb to put letter together and to acquire costs, motion seconded by Flo Mc Gee, motion seconded. Room Sliding Glass Doors & Tracks: Mark stated this will be put on back burner until decision on elevator. This will probably be discussed in the February 2017 meeting. Stated that the sliders can still be worked on. 2016 Annual Meeting: Scheduled for Saturday, December 10th at 10AM at Isles of Palm Church. Running for Board of Directors 2017: Intent to Run forms are to be in by November 1st as of today none have been received. Board Members need to send their resumes in just in case someone sends the intent to run. Mark Bodine will send out the resumes from last year for their review and updates. Walter reminded that at last meeting he asked of the current members if they wished to remain and they all agreed. Resumes will not have to be sent if no one outside the existing Board sends in the intent to run. No election would be needed. Mike asked if there were any returned emails or mail. Gloria stated 2 emails popped back and no return mail. Discussion of Unfinished Business from Past Meetings: No matters brought up. Old & New Business: Rick had two questions one was the condition of the beach. Beach eroded quite a bit during Tropical Hermaine but not during the last storm as that one was on the east coast. Mark had contacted the city regarding as to when the beach would be done and there are no plans currently as the funds are not there. Gloria asked about red tide as Anna Maria suffered bad and owners/guests very upset because they can’t go to the beach nor the pool because of the smell. Mark stated it did get up to Madiera Beach. Rick asked about LED lighting. What is the use at Camaron Cove. Mark stated that LED is being used in the living room, bedroom & dining room areas. Fluorescent still used in bath & kitchen. Asked if there a move in the future to change those out and Mark replied yes. Outside lights flood lights are high pressure sodium. Date of Next Board Meeting: Mike asked about November meeting. Mike stated that normally there is not one and when we did not have one in August it was piled on in September. Mike does not want to see that happen especially at the Annual Meeting. Mark asked if the existing board is running is it necessary to send the proxies to Keith Newman, the accountant, for him to tally the proxies. Mike felt it was alright to count in the office. Keith charges $700$800. The Board members all agreed to count in the office. Gloria will prepare the report so Mark can just put the votes in which automatically tallies the number. Walter felt the November meeting will be short. Mark stated maybe the Brighthouse representative could attend the meeting instead of the Annual Meeting. Meeting normally would be set for third Thursday of November but do some scheduling issues with Rick and Flo that would day would not work. Next meeting being schedule for Tuesday, November 15th at 7PM. Mike Shestok made motion to adjourn the meeting, seconded by Jay Cooper, motion carried.

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CAMARON COVE BOARD OF DIRECTORS MEETING THURSDAY, SEPTEMBER 22ND, 2016 7:00PM AGENDA Approval Board Meeting Minutes of July 20th, 2016 Swimming & Whirlpool Pavers Renovations New Mattress, Box Springs & Bed Encasements Maintenance and Housekeeping Rooms Electric Keyless Locks Rooms Brighthouse Cable, TV, Telephone, Internet Inspection Exterior Building for Water Leaks by Daily Group 2017 Budget, Reserves, Real Estate Taxes Newsletter 2016 Annual Meeting Notice to Run for Board of Directors BP Oil Spill Settlement Funds Sliding Glass Doors and Tracks & Room Windows Discussion of Unfinished Business from Past Meetings Old & New Business Date of Next Board Meeting ATTENDEES: Walter Johnson, President Mike Shestok, Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Rick DeJong, Director Mark Bodine, Vice President VPM Gloria Weir, General Manager VPM Richard Hazelton, Homeowner Before starting meeting Mark Bodine announced that Allan Parsons was out to visit at resort and he is back to getting around. Meeting called to order at 7:03PM Approval Board Meeting Minutes of June 23rd, 2016: Walter Johnson confirmed that everyone was in receipts of the minutes from July 20th, 2016. Mike Shestok had one spelling correction and then made a motion to approve the minutes, seconded by Jay Cooper, motion carried. Swimming & Whirlpool Pavers Renovations: Mark stated that he sent the Board the website flagstonepavers.com to look at the colors as he needs a decision tonight so they can be ordered for the renovations last week of November. The ladies in the office like cream/orange/pewter, Flo was more towards the white/tan/charcoal or cream/beige/charcoal. Mike agrees with Jay that there are too many colors to choose from but hopes they are one size & something easy to replace. Something neutral that won’t fade with the sun would be best. Mark stated you do not want to go too dark nor to light. It was asked what colors look better with the color of the building. Flo picked the ones with charcoal colors because of the turquoise building. The style will be rectangular. The ladies in the office like the cream/orange/pewter tones. Rick confirmed it would be used for both areas. Mark likes the same as the ladies in the office

Mike stated he was willing to give up his decision to Jay, Flo & Walter since they are there. Walter also stated there were to many colors to choose and left decision up to Mark. Mike Shestok made motion to do rectangular pavers in the cream/orange/pewter color, Walter Johnson seconded, motion carried. New Mattress, Box Springs & Bed Encasements: Delivery was a very big job. Two semi-trailers arrived, unloaded and put the mattresses & box springs in the hallways on each floor. The installation was completed in three days. Mark had hired a couple of extra people for those days. Rick thanked the staff for the job well done and did ask if any was damaged, response was no. It was also stated that Salvation Army took the old ones away. Walter wanted Mark to congratulate the staff for a job well done. The Board as a whole wants to reach out and thank everyone involved for a job well done. Mike asked if extra ones were delivered but Mark confirmed that there would not be a place to store them. Rick asked if the Board has ever considered taking twin beds and replacing with queen/king ones. Mark felt there would be some people who would complain since they bought with the twin beds. Flo reminded that there are some families with children coming. Maintenance and Housekeeping Rooms Electric: Has been completed by running the wiring from the second floor generator room and since completed no breakers being tripped. Keyless Locks Rooms: Mark researched RFID (radio frequency identification lock) which is card swipe system. You would have a card that would be programmed to each door you would flag it in front of the reader to access. If someone loses the card you can reprogram right away, this eliminates having keys. The cost is $16,000 for all 40 rooms plus 6 common areas. Name of the company Kaba Group. Mike feels like it is not a necessity and would vote against it. Rick disagrees and would vote for it. Walter asked if there were funds in reserves and Mark confirmed money is there and needs to spent. Walter felt the resort should go for it. Rick felt maybe some of the common areas could be locked even possible doors to the stairways. Stairwell door frames would need to replaced and not sure how something like this would work on the elevator. Mark confirmed security is important but if someone comes to visit they would not be able to access the building. Jay agrees since it would start to help with the security. The common areas are the 6 storage areas on each floor, such as housekeeping supplies, elevator room, electrical room. Rick asked about the access to the Beach but the beach club members would have no way of accessing without making sure they had a card programmed. Flo McGee made motion to purchase the keyless lock system, Rick Dejong, seconded, Mike opposed, motion carried. Time line is few months for complete installation. Special contractor from Orlando to install system and train the staff. The cards cost $350 for 1000, $.35 per card. The cards come with all kinds of designs. Rick told the others they could go to youtube.com and see the video from the company. Brighthouse Cable, TV, Telephone, Internet: Currently Camaron Cove is bundled with Brighthouse for cable, internet & phones which is now Spectrum and changing over next year. When they go to digital televisions the TV’s in bedrooms will not work. In talking with them you have internet which goes out to the office and they would wire the whole building. The benefit about bundling everything with Brighthouse would be that if an individual has a problem with any equipment they would have the 800 number to report to them directly any technical problems they are having. The staff is not educated on all types of systems, Windows 8 nor Windows 10. Brighthouse would handle all the problems directly with the owner/guest. The contract would go from a residential one to a hospitality one but they would throw in the sport package. End result would be if the resort switches to this program Brighthouse would handle everything for the same cost under a 5 year agreement.

Only increase would be the programming from the major stations such as CBS or ABC, maybe 23% based on the station programming. Mike asked if new televisions would have to be bought and Mark confirmed that as least 80 televisions would have to be bought. Existing contract increases 5-6% per year and expires in January and would be going up. Currently the internet service is being handled by Nik from Boss Solutions and not sure what that cost of equipment and his service would be each year. With Brighthouse they would wire the building, would put a box in every other unit, 25 boxes throughout the property. Gloria shared a story in which a guest was visiting on Siesta Key and had to call Brighthouse and was on the telephone for over an hour. The guest had to provide the serial number of the router so that Brighthouse could reboot the system. When you call Brighthouse the person will need info from the box so if the box is in your neighbors’ room that information will also have to be given to the shared unit. If Brighthouse need to reboot there is a good chance both units will go down. The concern that Gloria stated was equipment if in every other unit that person might not have the necessary information to be able to provide to Brighthouse. Mark stated with the amount of bandwidth being used he has to constantly reboot the system. Rick asked if Brighthouse would test it first and Mark stated they already did. Rick asked what the cost would be to replace all the bedroom televisions, total cost would be around $24,000. Also asked if you get new phones, no the phones would stay the same. Most people do not use phones in the room because of cell phones. Mike suggested to table this to the next meeting. Current contract expires in January and need to lock in with Brighthouse to save money. Mike asked that Mark bring some options to the Board at the next meeting. Rick suggested to speak with maybe some other resort for references. Inspection Exterior Building for Water Leaks by Daily Group: Mark stated that it was five years ago when the building was sealed & painted and how time flies. During the past storm, Hermaine, there were some issues with water leak into the building. You can see some settling cracks and some were patched. The settling cracks are not under warranty. The Daily Group came out, who has done the service previously, to do a visual inspection. To patch and seal the building they would charge for man hours at a rate of $47.50 per hour not to exceed 120 without prior approval plus equipment rental. Since they have done the work in the past Mark is requesting the Board to approve it. The cost could be between $5,000-$7,000. Mike Shestok made motion to approve the project on a time, materials & equipment rental contract for $8,000, Walter Johnson seconded, motion carried. Rick asked about Daily Group and Mark stated they were the company that did the work five years ago. They are largest waterproofing and commercial painting in the Tampa Bay area and honor their warranties. They also have been in business since the 70’s. Rick also asked about time line and it will be complete before the end of the year. They will also blend color into the building. 2017 Budget, Reserves, Real Estate Taxes: Mark stated that there will be an $8.00 increase in the maintenance fees. The maintenance fee would go from $502 per unit week to $510 per unit week. Reserves would stay the same at $150 per unit week. Real estate tax collector shows values going up and there was a surplus for 5-6 years that has been used up which will now raise the taxes. The middle units and street units will go from $25 to $35 per unit week and Gulf front units from $35 per unit week to $45 per unit week. Walter stated that compared to other resorts we are still lower. Mark pays $900 for his week at Orange Lake county club and Mike pays $800 for his week in Las Vegas. Total increase would be $18.00 and Mark is not aware of any resort that only raises maintenance fees by $8.00. Walter asked if it needed to be more, but

Mike stated that Camaron Cove is a nice resort and nice beach and most important to give the staff their 2% increase in pay and $7,000 in bonuses is well deserved. Housekeeping only raised their by $3.00 which is deserved and Marta is being fair and felt the best thing was giving her 5 year contract. Mike asked if Marta gave anything in writing and Mark stated it was sent last week. Mark to resend the letter to the Board again as they had not received it. Marta is keeping the weekly fee the same, cleaning fee the same but had increased the Saturday staff a little. Very good job. Mike asked about the roofing and paving and the funds allocated to those items in the reserves. Mark explained that when those items are ready to be fixed the Board can move funds around the reserves line items to cover the cost. Flo McGee approved the budget & reserve package to be sent to the Homeowners, Mike Shestok seconded, motion carried. Newsletter: Mark stated Kyle did a great job on the newsletter and has sent the latest version to the Board and would like to get it approve. Mike thought the bed picture in the middle should be removed. Mike wanted a sunset picture. Walter stated very well done. Mark takes pictures over the year, picks through them and then Kyle and him put the newsletter together. This way the Homeowners know what is going on since there are many that do exchange. Flo asked if date for annual meeting could be added. Jay stated that the newsletter goes out with the Annual Meeting notice. Mike made motion to approve the newsletter, Rick seconded, motion carried. 2016 Annual Meeting: Mark expressed having hard time this year finding a facility for the Annual Meeting. City Hall and Art Center were not available & City of Bellaire had a daily rental rate of $2,500. Church of the Isles, 2 blocks east of the resort, was available for $125 fee along with a $250 refundable deposit, so it was reserved for the annual meeting. Mark is thinking this will be location going forward. The Annual Meeting is being set for December 10th, 2016 at 10AM. Mark asked Mike & Rick if they were coming to the meeting. Mark has foreclosure weeks and he could accommodate them. It was also stated that at the meeting would be good time to take group picture for the newsletter and website Notice to Run for Board of Directors: Mark in the past notice has sent 60 days notice to run and maybe has received one or two forms back. Feels this is an expense that is not needed since it is no longer required for timeshare. The notice could be sent via email blast, for those owners who have not provided email addresses they could be sent regular mail. Gloria will handle from the main office. Such notice goes out 60 days before date of annual meeting that if any owners want to run they would have to send it back by end of October. The concern is if an owner does not have an email how would they be able to communicate as the present board does. Mike made a motion that the Intent to run for the Board not be totally mailed but sent via email blast, those with no email sent regular mail, Flo McGee seconded, motion carried. Gloria reminded the Board that if no one sends the form in then as long as the current five board members want to remain then an election would not be needed. Walter asked of the existing members if anyone has no interest to continue. No response so all 5 are willing to continue. Mike was concerned whether it was legal. Gloria stated that she has had to do this for the past three years. Rick asked if such language stating if no Intent to Run form is received then no election is needed and it will be added to the form and same language to be added to the owners’ page. BP Oil Spill Settlement Funds: Mark stated that Walter asked of him what the $73,645.72 received from BP that is in the maintenance account will be used for. Mark reminded that taxes have to be paid on the BP funds and at this time not sure of that amount. Walter asked Mark what he thought would be needed for sliding doors and windows.

Sliding Glass Doors and Tracks & Room Windows: Mark’s thoughts were to phase it over the next 5 years because of how expensive it is going to be. Because of the storms over the years it will be required to have high impact and resistant doors. The sliders will cost between $4,000-$5,000 each. Walter stated that the resort would be looking at over $300,000 just for the doors. Walter suggested to start getting some proposals. Jay’s concerns if you buy today for some units will the same be available in a few years. Rick commented about changing all sliding doors at one time and then onto the windows. Mark is just hoping the same product would be available down the road. Cannot get the existing doors and tracks anymore. Currently when a track is bad Mark goes to local company to have them get metal and bend and mold to the existing sliding. Five years down the road we might not be able to get what is available. The number of sliding doors needed would be 80 doors in total. Rick thought maybe over next two years to complete. Walter asked to try and get guarantee that materials would be available. Mark to discuss at next meeting. Mike’s thoughts were possible to do the 04 & 05 front units first since they take most of the wind and then complete the 01, 02 & 03 units on the south side moving onto the north side units ending 06, 07 & 08. Then do windows after that. Mark felt that the sliders need to be done first as they are most used. Discussion of Unfinished Business from Past Meetings: Mike was pleased to hear that Mark was able to negotiate with the Holiday Inn at no charge for the guests at the resort to use their facilities while the pool/spa construction is going on. The homeowners using the facility will have to show wrist bands. Mike felt great decision on Church of the Isle. Mike asked if something should be given to the Holiday Inn but Mark stated he refers everyone to them since they have now become a little water park. Mike asked about the office floors. Both Jay & Flo commented that is looks great. The north side of the office to be complete in near future. Rick asked about washrooms downstairs being done and they will be completed after pavers are done. Mike asked how the new foreclosure process is going and it was stated that only six people being foreclosed. Process just starting and this type of foreclosure not as much money is needed to be spent. Mike wanted to know how Flo, Jay & Walter felt about the new radios. Everyone happy with them. Also asked about Joann & Bob. Joann has returned part time to work but still having pain in her legs. Bob was out to see everyone at which time Mark did present him with the certificate the Board gave him. Jay recommended that the staff did such a great job on the installation of the mattresses, box springs and encasements to give them a gift card to those. Mike suggested a number and Jay stated $50. There are 7 staff members. $350 total. Jay made motion to purchase seven $50 gift cards for staff members on the mattress installation, Flo McGee seconded. Mike wanted to make sure it includes Marta and her crew which it does. Jay asked if the generator is working. There were some issues that it was not kicking on but it has been fixed. Old & New Business: Included in # 14. Date of Next Board Meeting: The next meeting is tentatively being set for Thursday, October 20th at 7PM. Mike will be in New Mexico but will dial in. Rick asked about November meeting and because of the late October usually the November meeting is skipped because the Annual Meeting is within the first two weeks of December. Mike Shestok made motion to adjourn the meeting, seconded by Walter Johnson, motion carried.

CAMARON COVE BOARD OF DIRECTORS MEETING WEDNESDAY, JULY 20TH, 2016 7:00PM AGENDA Approval Board Meeting Minutes of June 23rd, 2016 What Is In the Board of Directors Meeting Minutes Swimming & Whirlpool Filter Renovations in December New Mattress, Box Springs & Bed Encasements in September Rooms A/C Units and Letter From Homeowners About Temperature. Room Alarm Clocks & Radios Maintenance and Housekeeping Rooms Electric Room Information Book Changes & Review Audit & Mid Year Financial Review Discussion of Unfinished Business from Past Meetings Old & New Business Date of Next Board Meeting ATTENDEES: Walter Johnson, President Mike Shestok, Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Jim Valente, VPM President Mark Bodine, Vice President VPM Gloria Weir, General Manager VPM Richard Hazelton, Homeowner Meeting called to order at 7:05PM Approval Board Meeting Minutes of June 23rd, 2016: Walter Johnson confirmed that everyone was in receipts of the minutes from June 23rd, 2016. Mike Shestok made a motion to approve the minutes, seconded by Flo McGee, motion carried. What Is In the Board of Directors Meeting Minutes: Mike Shestok reminded everyone that in an article from 2012 that Allan Parsons shared in spoke on what should be minutes. The article did pertain to coops & condominiums but not timeshare. Mike was hoping to get some set guidelines as to what the Board Members felt about this. The minutes currently are 5-6 pages where a few years ago it was short & sweet. Mike wants to make sure about accuracy in the minutes. It is the only platform for the owners to see what is happening with the resort. Flo had mentioned about only agenda items and about motions made being in the minutes. She stated that normally the meeting is taped but the minutes only contain motions that have been voted on. Currently there is no policy. Walter asked of Gloria how she felt. Gloria shared that not too many owners actually read them and a few years ago Mike felt that not all the information is being shared that is transpiring. It was asked of Richard Hazelton if he reads them and he stated no. Stated that he did not know they were available. Gloria feels a decision has to be made to set policy. Mike Shestok made motion to continue to do the minutes with every agenda item with the focus on the ones that motions are made, sent to Mike for review and then sent to the other Board Members and have the other Board Members respond within 4 days, Walter Johnson seconded the motion, motion carried.

Swim & Whirlpool Filter Renovations in December: Mark stated that the pool/spa contracts have been signed and letters have been sent out to the homeowners. Still trying to work out arrangements with an outside source for the owners to use a different facility during those 3 weeks. During those 3 weeks at least one of them will be open. Rick had suggested a compensation to the owners. The suggestion of offering people another week for compensation would be feasible. Mike felt no because there are 40 units times 3 weeks and there would not be enough inventory and also stated that he felt that the resort was correct by sending out a 6 month notification. Flo agreed not to offer another week. Mike Shestok made motion not to offer another week, Walter Johnson seconded, motion carried. Flo asked if Mark had received any irate letters from the homeowners and it was confirmed that he had received one letter. Mark also stated he had not received as many calls as he thought he would. Flo McGee made motion to let Mark Bodine handle the situation on a case by case basis. It was confirmed that the resort does have some foreclosure weeks to cover those owners who are really irate about it and switch for this week. Mike Shestok seconded the motion, motion carried that Mark will handle the situation case by case basis. Mark restated that he does hope to find another facility for them to use a pool/spa. New Mattress, Box Springs & Bed Encasements in September: Mark just provided an update that these items have been ordered and will be installed mid September. Rooms A/C Units and Letter From Homeowners About Temperature: Mark has had a rash of AC problems this summer but fortunate the compressors could be replaced, which is cheaper than putting new units. Actually used 2 portable units this past week until contractor came out and they worked very well to cool down the bedrooms. A letter was received by a homeowner about the thermostat. Thermostats are set not to go lower than 70 degrees and no higher than 80 degrees. Mike Shestok made motion that the normal would be 70-80 degrees but on case by case no lower than 67, Flo seconded, motion carried. Room Alarm Clocks & Radios: Mark has placed 5 of the stereos in units. They are very nice but the radio reception part is still difficult through the concrete walls. Mike’s take was to not replace the clock radios because they can’t get the stations and if they need to be woken up they can have a wake up call through the phone system. It was asked of Mark the cost. From Best Buy $45 plus tax for a total of $5,000 that would be needed. Jay Cooper made motion to purchase the radios, seconded by Walter Johnson, motion carried by majority as Mike Shestok voted no. Maintenance and Housekeeping Rooms Electric: When building was originally built it was for full condo and not timeshare. Over the years we have to add spare refrigerators, water heaters, air conditioning for housekeeping supplies and fans in the downstairs areas. Because of that the electrical system breaker keeps tripping. The electrician came out and for $1,250 will run 2 wires from the second floor to the housekeeping room to prevent the breaker from tripping. Walter Johnson made motion for the $1,250 Mike Shestok seconded, motion carried. Room Information Book Changes & Review: Mark has received positive feedback so he will update all books. Jay recommended to add instructions about the new stereo equipment. Flo asked if Mark had received the pictures of the Board Members yet. Flo is the only one whose picture is received, others to provide.

Audit and Mid Year Financial Review: Keith Newman sent letter to the Board stating he was discontinuing doing the audits. Mark called Chelsea from the insurance company but she had no recommendation. Contacted Gloria and she provided Ken Kandefer’s telephone number and Mark contacted them. The fee for the audit would be $8,000 which is about $400 less than what Keith was charging. The audit is required by the state each year. The monthly financials will continue through Keith Newman at $310 per month. The total cost for monthly financials and the proxy count by Keith Newman and audit and tax return by Ken Kandefer will be approximately $12,520. Mark asked how Jim & Gloria felt about Ken Kandefer. Ken Kandefer has been handling Smugglers Cove financials before VPM even took over in the 1980’s. Ken Kandefer’s office has done very satisfactory work. Mike Shestok made a motion to have Keith Newman continue to do the monthly financials and proxy count for 2016 and Ken Kandefer prepare the audit and tax return for 2016, Flo McGee seconded, motion carried. The June financials were sent out to everyone. Mike Shestok had some questions as some items look higher for the first six months. Bank charges seemed a little higher but that is due to credit card charges on the collection of the maintenance fees. This line item will fall in line as the majority of those fees are in the first part of the year. Property Insurance spent $73,000 but budgeted for the 6 months at $45,000 but a lot of that is accrued since all insurance is paid in May. Gloria stated that if you look at the audit for 2015 there is a line item showing prepaid insurance. Appliances were budgeted for $6,000 but have spent $12,000 but it is understood that the resort has aging equipment, such as refrigerators, stoves & microwaves. Mike just wanted to make sure the Board is watching the budget. Mark stated once you get back to the fall months the line items should fall back into place. Mike wanted to commend Mark and his staff for keeping costs down. Also it was asked what the $70,000 was in the miscellaneous category which is the funds received from the BP Claim. Mark stated that once the August monthly statements come out he will begin the proposed budget for next year. Mark is hoping to have the proposed budget discussion during Flo’s stay in September when we have the next group meeting at the resort. Discussion of Unfinished Business from Past Meetings: Gloria stated the regarding the website there is link that states owner information. She is checking into having a separate tab or newsletters/pictures and then minutes separate containing only 4 sets of minutes plus annual meeting ones. It is recommended to be password protected in which a blast could be sent out to all homeowners if password protected. Carolyn Albino sent a letter regarding cigar smoking and Mark was going to show her where smoking area is. Mike made motion that a letter is not needed to be sent to Ms. Albino, Walter Johnson seconded motion carried. Mike asked Mark to discuss the visit made by Velocity Camera & Boss Solutions regarding wi-fi, number of users causing overload. Mark shared that Velocity did pay the resort a visit and had a conference call with Boss Solutions and they changed the IP address and currently all cameras and wi-fi equipment are working well. Board Approved the next on-site meeting to be during Flo’s stay. Jay spoke up and stated their stay is in August. Mike stated it could be tabled for next on-site meeting. Mark suggested postpone August meeting and just have September meeting. Flo stated she would be gone in August. Jay confirmed that he and Walter would attend the one in September

Mike Shestok made motion not to have August meeting and September to be determined, Walter Johnson seconded, motion carried. Mike wanted to make sure that the driveway, roof & sliders continue to be discussed. The work may not be done in 2017 but will need to be in next couple of years. Mark stated that they patch the roof every year which is original so there are still a couple of years. The sliders the wheels can still be obtained. Mark had spoken to a contractor and when time comes to replace the sliders they would have to be replaced with high wind density which will be 4 times the cost. Mike asked Mark if he needed to prioritize the items or just wait to see if they fail. Mark stated he would wait to see what happens. Still confirmed Flo’s is the only picture. Bathrooms downstairs will be completed in fall when the resort slows down. Mike asked Walter if he wanted to do a second newsletter as had been previously discussed. It is already July and usually it goes out in October. Walter rescinded the 2nd newsletter. It was reminded that new pictures of updates on the resorts are sent out via email blasts when they are provided. Mike asked Jay about his concern on the stairwell doors being locked. It was stated that the doors & frames would have to be replaced and could be looking at a cost of $8,000. Rick and Flo had mentioned previously about keyless locks and that type of equipment could be placed on the stairwell doors as well. Mark is looking into it. Parking spot for security was discussed at last meeting but no decision was made. Mark stated he does not want designated spot but if need be would remove the cone. It is really during the 6 weeks during the summer that he requests staff to park outside. Housekeeping contract was because of new people such as Flo & Rick since we should be getting something from Marta regarding any increase in fees for the proposed budget coming up. As we get closer Marta will provide Mark with any increase she feels is needed. Flo went over the contract and Marta does need to increase some of her costs. Marks stated that Jay did an excellent job on the housekeeping contract. New Business: Flo wanted to know if some sort of agenda would be sent out before the workshop with a plan of action as to what will be done during such meeting. Mark stated he will present to the Board prior the meeting the proposed budget. Marta will attend the meeting and the pool contractor will attend for the board to pick out pavers. It will be a workshop and board meeting. It will be like last one where we listen to the employees then homeowners and then go into the board meeting for the budget discussion Date of Next Board Meeting: September meeting to be determined during Flo’s stay. Looking at Thursday, September 22nd tentative date around noon and meeting at 1PM. It was asked of Richard Hazelton if he had any comments and he did not. Mike Shestok made motion to adjourn, Flo Mc Gee seconded, motion carried

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CAMARON COVE BOARD OF DIRECTORS MEETING THURSDAY, JUNE 23RD, 2016 7:00PM AGENDA Approval Board Meeting Minutes of May 18th & May 26th, 2016 Update On Items from last Board Meeting: Laundry Room Washers & Bill Changer, BP Oil Spill Settlement & Office Flooring New Mattress, Box Springs & Bed Encasements Room A/C Units Room Stereo System & Alarm Clocks Swim & Whirlpool Filter System & Decking Keyless Locks For Rooms Room Information Book Changes & Review Smoking Area at Resort Pool Bathroom Flooring CCR/VPM Web Page Review Discussion of Unfinished Business from Past Meetings Old & New Business ATTENDEES: Walter Johnson, President Mike Shestok,Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Rich Dejong, Director Jim Valente,VPM President Mark Bodine,Vice President VPM Gloria Weir, General Manager VPM Richard Hazelton, Homeowner Norbeth York, Homeowner Marta Juhasz, Homeowner & Owner of Juhasz Cleaning Company Meeting called to order at 7:03PM Approval Board Meeting Minutes of May 18th & May 26th, 2016: Walter Johnson asked if everyone had received the minutes of May 18th, 2016 and it was confirmed. At this time Mike Shestok made motion to approve the minutes of May 18th, seconded by Rick DeJong, motion carried. It was then asked if everyone was in receipt of the minutes of May 26 th, 2016 and it was confirmed. Mike Shestok made motion approve the minutes of May 18th, seconded by Rick DeJong motion carried. Mike Shestok did request that when the other Board Members receive the draft from Gloria Weir that they respond in a timely matter with any changes they feel may be needed or even to confirm that they have received them. He also wants to make sure everyone hits “reply all” on the emails to keep everyone in the loop. Mike stated that Gloria has been kind enough to get the minutes out and it is taking a long time to get Board

responses. It would be helpful if the other Board Members would provide their suggestions in a timely matter. Flo wanted to confirm that you want the Board Members to hit reply all. Update On Items from last Board Meeting: Laundry Room Washers & Bill Changer, BP Oil Spill Settlement & Office Flooring: New washers are installed. There were 4-18lb ones and now two of them have been replaced with a 30 lb & 40 lb that can handle the heavier laundry. There are 4 washers, 2-18lbs, 1-30lb & 1-40lb. Rick at last meeting asked about a coin changer and Mark stated that they are not cheap. The one he got a quote on was $3,300. If you buy cheaper one will have problems with bill changer. Quarters are kept in the office. Gloria stated that they purchased one years ago and the machine kept breaking down. At this time no coin changer will be purchased. BP Oil Spill settlement. Last meeting the attorney came back with the offer and documents have been signed by Walter and waiting for the check. The attorney is monitoring the Shell Oil spill that has happened and the Deep Horizon Water also has lawsuits against them and monies set aside and possible some additional fees could come in. At last meeting a motion was made for the funds to be placed into the operating account. Mark is asking that the motion made be revised for the funds to go into the maintenance account. Once a month about $70,000 is transferred to the operating account to pay the bills. Mark does not want excess funds in the operating account due to a $250,000 ceiling. Flo asked if it is higher interest. Banks are not paying high interest. Rick asked if the funds would be designated to special projects and Mark confirmed. Jim wanted to confirm that all bank accounts are not higher than $250,000 to be protected by FDIC. Mike Shestok made motion to amend BP Settlement be deposited into the Bank of America maintenance account not the Bank of America operating account and also have Keith Newman, CPA prepare the 1120H long form to help save on the tax liability, Flo McGee seconded, motion carried. New Mattress, Box Springs & Bed Encasements: Mark stated that at the last meeting the Board approved the expenditure of mattresses and thought there would be a 10 year warranty but the manufacturer will not warrant the new ones unless you purchase the box springs at the same time. To help protect the new mattresses & box springs encasements will be purchased and cost is approximately $7,000. There will be free delivery and the cost for extra staff hours to remove old ones and install new ones will be around $1,000. Once removed Salvation Army will pick them at no extra cost. Total cost will be $67,200. Walter wanted to confirm that funds are available. Mike stated it is an expensive cost but the right thing to do. Rick did ask about time line. Takes about 2-3 day to install and the delivery would be about 60 days. The mattresses are deeper so that the sheets delivered by Alscott (laundry service) for the deep pocket will be about $.50 per sheet. End result will be the linen expense will be higher, not much this year but it will have to be built into the budget next year. Rick asked if Mark had to buy the sheets but it was explained that the laundry service will purchase and service them. The cost would be approximately $6,000 extra a year. Flo made motion to approve the $67,200 to cover the expense of mattresses, box springs, encasements and extra cost for the linen service, Mike Shestok seconded, motion carried

Room A/C Units: Currently the resort has 3 spare R-22 units. If the resort has to go the R410 unit an expansion valve can be used to take care of the pressure. This is an option when having to replace the inside unit plus outside. Room Stereo System & Alarm Clocks: Jay brought an example of one that was purchased at Sams. Found out it is discontinued. They had a sample one that is a little larger. Concern is still the reception but tunes can be played off Bluetooth. Cost $44.00 plus tax. Mark got price based on 80 plus spares. Mike stated that they might not work do to reception and asked if this something that we want or really need. If you need a wake-up call you can place a wake-up call. He does not feel this is needed. Jay felt that 5 should be purchased and tested, Flo felt it is a good thing to get, Rick agreed he felt it would be a good investment. There was a question as to how many to order. The Board of Directors was in agreement to purchase six of them will be ordered to see how the reception is on them. Rick asked that Mark report back to the Board at next meeting. Swim & Whirlpool Filter System & Decking: Mark was hoping to get the 3rd bid and kept calling them and no bid submitted and does not wish to work with that company since they have not been responsible enough to get quote back. Notifications have to be sent to the homeowners and RCI with dates of the renovations. The filtration systems are in need of updating along with pavers around the pool and whirlpool area. The whirlpool is leaking and has broken pipes. The whirlpool needs a complete renovation, been in place for 30 years. Mark would like to use Pool Works since they were very responsive when he requested information. At last meeting it was suggested to put a new whirlpool but according to Pool Works the shell of the whirlpool is in good shape but the plumbing is in bad shape. The lines are cracked. Whirlpool plumbing currently has one row of filters, recommendation is to add a 2nd row of filters. The total cost for renovations of the whirlpool, pool and pavers would cost approximately $83,100. Everything is original and currently just putting temporary patch on it for repair has extended the life of the system but the time has come for replacement of the plumbing. Rick asked how long pool would be closed for and it was stated about a week and the whirlpool about 2 weeks. Mark has contacted the Holiday Inn to use the facilities. A letter will be sent out explaining that one or the other will be done during your stay and other options may be arranged. The work to begin week after Thanksgiving, weeks 48, 49 & 50. If approved tonight letter will go out this week. Rick asked about renting a whirlpool to see if a portable one could be installed during this time of renovations. Mike asked where it would be placed and it was suggested under the picnic area. Rick asked if there was enough in reserves to cover the expense. It was explained that Keith Newman, the resort accountant, has suggested that the Board start spending some of the funds. Jay asked about the guarantee that Pool Works will show up on time and get the work done. Pool Works is available for December. Jim asked Mark if he has used company before and it was stated that when Mark met them and asked them to show up they were there the next day. Mark has called the references and they confirmed that they are very reliable. Walter Johnson made motion to approve the $83,100 expenditure, seconded by Flo McGee, motion carried. Keyless Locks For Rooms: The current door locks use keys and do not require batteries and can just be rekeyed. Mark reviewed a couple of different types of keyless locks. The ones he researched are R4D in which it operates with a card that you wave in front of the door. The system is based on battery backup. For 40 units plus common areas and installation is about

$15,000. The Board of Directors does not wish to do anything at this point until it is furthered investigated. Jay asked about having lock on the first floor doors and be forced to use elevators and if that price could be obtained. Mark stated that the door, casing and lock would have to be replaced and he will get pricing. Concern was if people had to get out and elevator was down it was explained it would be a bar from the inside that they would push on to exit. Flo suggested we look further into it and have a sample at the September workshop meeting. Room Information Book Changes & Review: Mark had sent out updated room information book last month for Board review and requesting if anyone had changes they wanted made. Mike asked if Mark had heard from anyone and the only one was himself. Walter did not remember seeing it and requested that Mark send out another email attaching the information book. Rick mentioned he looked at and felt it was fine and that is why he did not respond to it. Mark stated that Mike went through it thoroughly and made changes already. Smoking Area at Resort: Installed smoking area and bicycle racks and the designated smoking area is working great. Mark has spotted a few people not using the designated smoking area but when they were directed to the area they are very respectful to use it. Pool Bathroom Flooring: Men’s and ladies bathroom floors on first floor are in need of attention. They will need to be stripped down to the concrete and replaced with same coating that is on the other floors and cost would be $1,475. Walter Johnson made motion to approve the $1,475, seconded by Mike Shestok, motion carried. CCR/VPM Web Page Review: Mark stated that Jay mentioned to Gloria about his suggestions. The front page needs something to jump out and the minutes are too far down on the owners’ page with all the newsletters & pictures on top and should be separated. Gloria stated that she has requested from the web host that there be 2 separate areas. When you go to the owners page you would have newsletters/pictures on one side and minutes on the other one and that is exactly what Jay was thinking. Also that the minutes be limited to the last 4 meeting minutes. Jay also stated he has a nice picture of the new beach chairs that he would like to see on the page. Mark stated that currently there is hardly any beach left. A picture was sent via email to the owners showing them. Currently there is no permitting in place for beach renovations and they are hopefully looking at 2018. Discussion of Unfinished Business from Past Meetings: Walter asked if anyone had anything. Mike asked if Mark had put instructions on the safes in which it was confirmed that there is a magnet on the safe with the information. Balcony railings were of question at the last meeting. Mark was going to look at the railings. He found the area that was loose and put angle irons put in place to secure. At the May 18th it was suggested that Bob show up so that a picture along with life time certificate to use facilities be rewarded but he could not make it. Mike asked that next time Bob comes out to take a photo with giving him the certificate.

Mike also mentioned that it was approved for Mark to purchase a shed for beach items such as toys for the kids and it was done and it is on wheels. Old & New Business: Mike wanted to make sure that on the budget planning that the three big things such as sliding doors, driveway and roof be prioritized. An asphalt company that Jay knew did stop by and looked at the driveway. These items may not be completed in 2017 but the next few years. Flo stated the laundry room by the fence was very hot. Fan was already installed. Mark indicated that fans have been installed behind the fence area to help in keeping the housekeeping and maintenance area on the ground floor cool. Mike also stated that an RCI exchanger and others had been complaining about the room renovations (loveseat & couch) and how their dissatisfaction with the interior decorations. When the renovations were done it was through an interior decorator and proper steps were taken but Mike wants to make sure the board has Mark’s back covered and support him in that matter. Walter stated that Mark does an excellent job. Mark stated that you get some homeowners that like it and then some who do not. Mike stated you can’t please everyone. There has been questions about the green loungers that have been in the rooms for many years and many love them but some have asked about cloth recliners. Purchase of recliners require a lot of maintenance. Mike stated that security/maintenance parks where the TV is and it might be sending out wrong message and asked Mark to have ideas for use of the parking spot at the next meeting. During the summer time parking lot is full and staff parks on the outside. The guests are told 1 car and no exception. Mark did state that if maintenance spot is needed it will be used for the guest inhouse parking Mike had no other comments. Jay suggested putting a pole in that parking space but currently a cone is in place. Rick how do the people know who is on the Board and recommended to put a header on the website and put it in the information book. Possibly obtain pictures and post in the office. Mike asked when Annual Meeting is set for and the date is Saturday, December 10 th. Jim wanted to commend the Board for wanting to appeal the BP claim and what a great job they did in winning the appeal. Walter asked if anyone not on the Board had any questions. No comments were made, Flo Mcgee made motion to adjourn Mike Shestok seconded, motion carried. Next Board meeting set for July 21st.

CAMARON COVE BOARD OF DIRECTORS MEETING THURSDAY, MAY 26TH, 2016 10:00AM ATTENDEES: Walter Johnson, President Mike Shestok, Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Rich Dejong, Director Jim Valente, VPM President Mark Bodine, Vice President VPM Gloria Weir, General Manager VPM Charles & Nancy Kubecka, Homeowner Mitch Chub of ERG Law Firm Meeting called to order at 10:02AM The floor was opened to Mitch Chubb of ERG Law Firm. Way back in April we challenged the original offer of $70,710.15 before the fees and made a few technical arguments. We have received a ruling and response on the challenge and made ruling on challenge. There were some challenges they won and some they lost. Ultimately, the new offer is $98,327.22 before 25% fee and $500 cost provision, net to Camaron Cove of $73,245.42. They have reviewed the offer with their team and their calculations and feel this is good offer and encourage Camaron Coveto take it. Mike Shestok, Flo McGee, Jay Cooper & Walter Johnson had no questions. Rick Dejong asked when would the money come in. Mitch stated there are 2 things. This is number is from independent third party and the dynamics from the third that the court appointed to handle the claims is not directly from BP. BP has opportunity to appeal and have till Monday, May 30th at midnight to dispute it. Mitch does not expect them to appeal and chance could be probably 20% chance. If they do not appeal the funds would be received 4-6 weeks from now and if BP did appeal it could be an additional 3-6 months. Most likely the funds would be sent to Camaron Cove within 4 -6 weeks. Mike Shestok, made motion that the BP oil settlement that Camaron Cove Board has received to accept offer of $98,327.22 minus 25% fee plus $500 cost provision to ERG law firm. Camaron Cove to receive $73,242.42 as a result of our current BP settlement appeal. This motion to also allow Keith Newman, CPA for Camaron Cove to file 1120 long form to reduce the tax liability. Keith’s cost is expected to be between $400—$500. Camaron Cove Board appreciates Mitch assisting us and working with the Board on the BP settlement offer. The funds will be placed into the general operating account per the Keith Newman, CPA. This motion was seconded by Flo McGee, motion carried.

CAMARON COVE BOARD OF DIRECTORS MEETING WEDNESDAY, MAY 18TH, 2016 1:30PM AGENDA Approval Board Meeting Minutes of April 21, 2016 Update On Items from last Board Meeting: Mattresses, Laundry Room Washers, Fire Pump Inspection, BP Oil Spill Settlement, Beach Chairs, Storage Shed, Homeowners Delinquencies & Property Insurance Replacement Office Flooring Room Stereo System & Alarm Clocks Swim & Whirlpool Filter System & Decking Beach Club Use Room Information Book Review Smoking at Resort CCR/VPM Web Page Review Discussion of Unfinished Business from Past Meetings Old & New Business ATTENDEES: Walter Johnson, President Mike Shestok, Vice President Jay Cooper, Secretary/Treasurer Flo McGee, Director Rich Dejong, Director Jim Valente, VPM President Mark Bodine, Vice President VPM Gloria Weir, General Manager VPM Marta Juhasz, Homeowner & Owner of Juhasz Cleaning Company Paul Brownell Sandy Farrell Verna Dickie Carmen & Murray Shank Before having the Board of Directors meeting called to order there was a brief meeting with the VPM staff for them to share any matters they wish to discuss. Everyone seems happy. Congratulations did go out to Kyle Bennett for the great work he has done on the Camaron Cove video. Jay Cooper commented on how professional it was. Joann Evans expressed her gratitude to everyone for all the help that everyone has given her. Holly Hardin spoke a little about the parking situation at the resort. Kyle did state that he felt that over past year the beach pass situation has gotten better. Mike Shestok expressed to the staff on behalf of the Board their satisfaction with everything.

Walter Johnson called meeting to order at 1:33PM on Wednesday, May 18th, 2016. Mike Shestok stated that we normally wait till end of the meeting to open the floor to owners but today would be an exception to that policy and Walter Johnson felt the owners could share before meeting in order for the Board Members to hear their concerns. Sandy Farrell concerns was about the smoking around the resort and if the Board could find an area since the smoke does rise and go up into the units. Also asked about bulletin board being placed on property where people trying to sell their weeks could advertise. Sandy was informed that according to the Camaron Cove docs the owners cannot place advertisements on the property. Paul Brownell has been trying to sell one of his weeks for over a year and no luck. Paul felt that there needs to be more attendance to the activities by the sales person and better communication to the those staying in-house as to what is available. Currently there is 80 unit weeks on inventory which is only 4% and includes the inventory that has been foreclosed in the name of the resort. Verna Dickie had spoken with Mike Shestok about the public bathroom floors and standing water by the picnic areas which will be addressed further in the meeting. It was asked what Beach Club is. Mark Bodine explained it is for those not staying at the resort to use the facilities. An owner can come with 6 people plus 6 guests but they need to call ahead. Approval Board Meeting Minutes of April 21, 2016: Walter Johnson asked the Board Members if they were in receipt of the meeting minutes of April 21, 2016. It was confirmed. At this time Mike Shestok made motion to approve the minutes seconded by Flo Mc Gee, motion carried. Update On Items from last Board Meeting: Mattresses, Laundry Room Washers, Fire Pump Inspection, BP Oil Spill Settlement, Beach Chairs, Storage Shed, Homeowners Delinquencies & Property Insurance: Mark Bodine expressed that at last meeting the Board approved new mattresses. Sample mattresses are in the room for the Board to look at. Marta was concerned about the depth of them for the fitting of the bedding. The mattresses will have the encasement plus mattress pad. Marta was hoping for thinner ones for drying purposes. The current mattresses are 10 years old and the industry usually says 8 to 10 years. Laundry Room Washers: One washer in the laundry room is not working and are they are the original ones. At last meeting two were approved. One will be 40lb & one 30lb and due to arrive first week of June. The new dryers were already in place. Fire Pump Inspection: The resort was due for a five-year inspection, this inspection had nothing to do with the incident from the weekend were the alarm went off on Sunday. There was a bad sensor in the stairway by the beach. Inspection went well and the resort passed. BP Oil Spill Settlement: Mark shared with those present that back in 2010 after the oil spill, which affected a lot of people regarding reservations, the resort filed a claim with BP and at last meeting had the attorney for ERG in which they offered a settlement. The claim was for $120,000 and resort was offered $70,000 but the attorney felt they could appeal it. The Board made a decision to appeal it. Appeal could take from couple of months to a year. It is

appeal process and if they come back with another amount Mark will present to the Board. There is another oil spill of 90,000 gallons by New Orleans Beach Chairs: The Board approved beach chairs which were put in place and have been stenciled. The chairs have been a success. There are also kids toys for the guests use. Mike Shestok recommended buying a shed to hide the items. Amount needed to purchase shed is $199. Mike Shestok made motion to purchase a shed not to exceed $500, Jay Cooper seconded, motion carried. Owner Delinquencies: At last meeting it was stated that a final letter from the resort was going out stating they could not use the facilities nor deposit their weeks with RCI. Mark stated it worked as many owners sent their monies in. For those who do not pay by June 1 st they will be sent to attorney. Outstanding delinquencies are currently $77,000 and this time last year was 72,000. That is a 3-4% delinquency rate and usually by end of year it is 1%. The industry is usually 10%. Going forward the resort will use non-judicial foreclosure process. Traditional foreclosure is normally between $1,200 to $1,400, non-judicial is $425 per file. Mike Shestok stated in the April meeting there were 157 delinquent owners. The owner will be charged an $80 fee once it goes to the attorney in which the owner has to pay any additional costs. Currently there are 13 foreclosures in place from last year’s delinquencies. Property Insurance: Walter & Mark met with the insurance company in which Camaron Cove policies are due middle of May and about 45 days prior Chelsea (insurance agent) comes out and reviews the policies. This year the rates went down a few thousands and the deductible from 5% to 3%. Mark thanked Walter for his experience in the insurance industry. Replacement Office Flooring: The carpet in the office is looking bad. They would like to go with a wood laminate and the work would be done in-house, cost would be around $1,000. Walter made motion to spend $1,000, Mike Shestok seconded, motion carried. Room Stereo System & Alarm Clocks: Jay Cooper brought a sample of a stereo that has alarm clock, blue tooth, phone charger. It was purchased at Sam’s for $50. It is 8” wide by 4” high and letters around 2” high. The concern was the reception for sound, it may need to be near a window. Mike Shestok made motion to approve purchase of five stereos and try it in different rooms to test them out and report back at next meeting, seconded by Flo Mc Gee, motion carried. Swim & Whirlpool Filter System & Decking: Swimming pool filtration & pumps are worn out past their life expectancy and Mark has been waiting for third bid. The two bids received for the back pack system came in extremely different. The systems are actually manufactured in Pinellas County. Mark had three companies bidding on the job but only two are in. Pool Works proposal which includes doing the pavers around the spa area was $71,081 and AquaMan was $98,085, quite a big difference and this why Mark wanted to see the third bid and asked if it

could be tabled till next meeting. The work would be completed in December. The pool would be completed first and then the spa area. Arrangements trying to be made with Holiday Inn. Flo asked if there was enough time by waiting till next meeting. Mike Shestok asked as to when the third company (Pinellas Pools) was suppose have quote in and it was by today. Mike feels this is irresponsible on their part. Flo stressed to call and tell them the bid is needed before the next Board Meeting. The whirlpool is leaking and loosing chemicals also and since not sure why that maybe the Board should consider tearing it completely out (whirlpool). Flo asked how much more would it be. Walter Johnson made motion to table the pool/spa until next meeting at which time they want the 3 bids to completely replace the whirlpool, seconded by Flo McGee, motion carried. Mike Shestok doesn’t want to spend a lot of money just fixing it when it might make sense just to put a new one in. Rick asked since they are looking at completely new would there be more competitive prices. Beach Club Use: Mike stated that the rules we have are from 2009 and from the surveys that were received and the attorney’s copy everyone endorsed the rules and it needs to be enforced especially with the summer season beginning. If there is a rule it needs to be reinforced. Mark stated that the rules where provided by the attorney and approved by the Board at that time. Karen was the driving force behind it so that if there are issues the Board would have something to stand by. Mark stated the problem is the owner being present during beach use, if they are coming out they cannot just send their family members and friends, they need to be present also. Beach Club gets more interesting during the summer when kids are out of school. Cannot get rid Beach Club since it was offered to the owners from the beginning. Mark stated that if an owner is staying here and then someone on beach club show ups and the owner staying cannot find a parking space they would be upset. There are 60 spaces with 40 units. Notices are sent out stating that it is one car per unit. The other concern is the RCI guests are the ones who get to rate the resort and if there are confrontation they might rate the resort low. Walter asked if anything needed to be changed in the rules and it was confirmed that nothing should be changed. Mike stated that if Mark or Holly run into issues they could defer it to the Board. Paul Brownell concern was that there was an issue where a family came to use the facilities but allowed the children to go the pool without supervision while they stayed on the beach. There has to be better method and enforecement. Room Information Book Review: Mark stated that in each room are the information books and once a year they are gone through to make any necessary changes. Mike brought up the fact that the pages are shuffled around, pages to be put in order. Smoking at Resort: At last meeting smoking was discussed and the Board is looking at designated areas. Mike had designed a survey that he thought could be sent out to get a flavor on how the owners felt and maybe an area at the southwest corner could work. Originally he thought Tiki hut but after hearing from Sandy Farrell that would not be best area since bbq’s are there and afraid they might set the tiki hut on fire. Mark asked about sending out an email blast. Rick asked what the purpose of the survey is and asking owners about smoking is in a

way that you are condoling it, there are no set of rule now. Walter asked Gloria what they did at one of the other resort. Gloria stated they took an area of about 20’ x 6’ and put 2 tables and made that the designated smoking area and it has worked. Rick stated to try and find area away from the pool and picnic area. Jay had mentioned the southwest area of the pool area but concern is the sea breeze blowing the smoke back into the pool area. Mike asked Walter if he was in favor of sending survey and he stated no. Walter thought Jay’s idea might be a good one. Currently only policy is no smoking in the units but they can on the balconies. Gloria stated that when you walk out of the elevator and turn to your left behind the walkway to the pool there are picnic tables that are behind the fence that are not used, the area is under cover. Flo McGee made motion to make the area north of the elevator underneath to be the designated smoking area, Jay Cooper seconded by motion, motion carried. Rick wanted to confirm that the pool/spa, picnic area & tiki hut would now be smoke free. A letter will be drawn up, sent to the Board for approval and then a blast sent out to the Homeowners. CCR/VPM Web Page Review: Camaron Cove owner page is down to the last 4 meetings. Mike feels the last 4 months will save some space. What is taken up space is the font change and that takes up more space. Need to look at some of the pictures and possibly remove some. If you look webpage there are a lot of older newsletters that could possibly be removed. Mike asked Walter if he is still looking at a 2nd newsletter. Mark Green handles placing items on the website. It is suggested that Jay Cooper review the site and get with Mark Green on removing newsletters and/or pictures. Mark Green’s email provided to Jay Cooper and he can provide his input to him. Discussion of Unfinished Business from Past Meetings: Walter asked if there was any old business. Rick asked about the coin machine for the laundry room. Mark Bodine will look into it. Old & New Business: Mike wanted copy of email Allan sent out in January 12, 2012 to be sent to the Board as it was never finalized back in 2012. Mike looked at the entire minutes of 2012 and felt the January 12th, 2012 minutes had not been approved (research found they were on April 30th, 2012). Mike asked Mark to find letter from attorney about what should be in the minutes. Gloria clarified that Allan found an article in the paper as to what should be in the minutes and Brian verbally stated the article was pretty close to what should be. Mike confirmed there has not been anything in writing in which board approved what should be in the minutes. Gloria will research the approval of the minutes. Mike feels that Gloria needs to be commended on the what she has been doing. Flo stated she is on a library board and their minutes are not as detailed. Currently there is more language being put into the minutes. Minutes use to be 2-3 pages now 5-6 pages.

Also in the minutes of April 8th, 2014 parking permits in the rear view mirror was suggested. It was decided to put on the dash since it could provide more information. Mike asked if Mark would just look at the September 25th, 2014 paragraph 4 in which it states that safe instructions would be added to the room directory and also note put a on the safes that if you have a problem during normal business hours. No calls after hours have been received. July 16th, 2015 meeting minutes were six pages long and it could be because of font change. Also brought up at same meeting the railings on the balconies needed to be repaired. Mark will check to see if fixed. Mike wanted to discuss security in which a situation took place with an employee. There was a situation where they were assaulted and Mike wanted to know why camera did not catch it. The area where the situation happened did not have camera at that time. Security is instructed to call the sheriff’s department. Having security on the shirts the people might thing they are carrying weapon or something. There are now 31 cameras on the property now, if something happens it will be caught. Mike suggested a bike rack for people to lock their bikes up. Mark will purchase one. Also asked about the black top area out front and possibly clean it up. Last year there was discussion about the fencing by housekeeping and maintenance and to put fans up. Mark stated fans were put in place this morning. Sliding glass doors and paving of driveway are still future plans. Flo did want to thank the resort for sending flowers for the loss of her son. It was asked if any other questions. Murray Shank is still concerned about internet seems there are still some weak areas. Mike Shestok made motion to adjourn the meeting, Jay Cooper seconded, motion carried. Next meeting is set for June 23rd, 2016. Meeting at the resort with owners and staff will be set while Flo is at the resort is being set for September 22nd, 2016.

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CAMARON COVE BOARD OF DIRECTORS MEETING THURSDAY, APRIL 21ST, 2016 5:00PM

AGENDA Approval Board Meeting Minutes of February 18th and April 5th, 2016 BP Oil Spill Swim and Whirlpools Filter System and Deck Replacement Fire Pump & Fire Alarm System 5 Year Inspection Room Stereo System & Alarm Clocks Rooms - A/C Units, Appliances, Beds Laundry Room Washers Financials, Audit, Homeowner Delinquencies Beach Club & Beach Chairs Smoking Letter Board Workshop Session and Board Meetings VPM/CCR Employees Discussion of Unfinished Business from Past Meetings Old & New Business ATTENDEES: Walter Johnson, President Mike Shestok,Vice President Jay Cooper, Secretary/Treasurer Rich Dejong, Homeowner Jim Valente,VPM President Mark Bodine,Vice President VPM Gloria Weir, General Manager VPM Charles & Nancy Kubecka, Homeowner Pat Sullivan, Homeowner Marta Juhasz, Homeowner Walter Johnson called meeting to order at 5:00PM on Thursday, April 21st, 2016. 1. Approval Board Meeting Minutes of February 18th and April 5th, 2016: Walter Johnson asked if the Board Members had received the minutes of February 18th, 2016 and Mike Shestok commented that under attendees that it was Pat Sullivan, not Pam Sullivan. Mike Shestok made motion to approve minutes of February 18th, 2016, seconded by Rick DeJong, motion carried. Walter asked if everyone received the April 5th, 2016 ones. Changes to be made were to remove "ed" on paragraph one 6th line, 8th line add "offer" after claim, 4th paragraph correct Mark's name, 5th Paragraph, 4th sentence remove "per". After those changes Mike Shestok made motion to approve the minutes of April 5th, 2016 seconded by Rick DeJong, motion carried.

2. BP Oil Spill: Mark stated there was a special meeting on April 5th with the ERG law firm attorney Mitch representing Camaron Cove. Offer came in at $70,710 minus the commissions & charges Camaron Cove would receive $52,532. The question was to take the settlement or if we appeal they would go for $120,000. The appeal process could take months to see if we could get settlement for more. Walter felt that it could take a year. Jay asked if more questions would be asked. Mark stated they have all the information they need and they and felt nothing else would be needed since the ruling is by the courts they have to pay out. Walter questioned if attorney said he thought the claim would be alright and Camaron Cove would be paid upfront the money claimed but could not positively guarantee it but was about 60% positive the amount would not change if appeal did not work. Mike stated that in the minutes of April 5th it said when it comes down to time would be looking at 6-14 months and it determines what we submit as the appeal or other questions. Mike feels that since Camaron Cove is a timeshare and we were quite a few miles from the incident the spill and had no tar balls on the beach and it did not stop owners coming and business as usual, felt it was low risk on the matter. Mike does not question validity of the claim but downplayed it. The person who gains is the attorney. All depends on how the third party feels and not dealing with BP and get graded on how they settle. Rick's feeling has not changed and there that there is grounds that at least 60% chance of getting significantly more money, which would benefit Camaron Cove and appeals expedited and there is food for thoughts to appeal it and attorney did not feel Camaron would not lose any of the $52,000 and is probably safe and for the sake of a few months that we look at appealing and getting $50,000 more. Jay originally felt take the money and run, but after hearing everyone's comments and it will not cause Camaron Cove to get less. Mark Bodine does not see what other questions they can ask since Keith Newman, CPA has already provided all requested information. They might come back and split the difference. Jim stated they we expressed that we felt take the money but after hearing the attorney who made a decent argument and are the lives going to change if less no but by waiting the time to earn more he now agrees that Camaron should appeal. Mark is calling attorney in the morning to either accept the offer or appeal. If appealed and BP comes back with an in between number and giving more but not the $120,000 would the Board seriously consider it. The Board stated yes. Roll call vote: Mike Shestok, Rick DeJong, Jay Cooper, Walter Johnson all said yes on appeal. Mike Shestok made motion to appeal the settlement, Walter Johnson seconded, motion carried. 3. Swim and Whirlpools Filter System and Deck Replacement: Mark spoke to the board in the past a lot of the equipment is original from 1982. The whirlpool and pool filter dated back to 1982 and over the years have done modifications to have it continue to run and it is at life's end. Camaron Cove has aVac Pack diatomaceous earth gravity fed filter system and the water flows into a big pit in the pump room and filters the waters. Currently there are small leaks and the staff is having to add water daily. It is time to replace and also would like to replace decking for the whirlpool area. Walter asked about the estimate and Mark stated around $90,000 to $100,000. He is getting bids and would like to do it between Thanksgiving & Christmas because

pool will be down a week to two and then same for the whirlpool. Good thing is that the new equipments would be "like by like" so no architect drawings are needed. The company would only have to pull permits. Mark would like a decision at next meeting. Company is in Pinellas and needs time to get order in place. Mark is going to try and work deal with Holiday Inn to use the pool during such times. Rick asked if both would be done same time or separately and then simultaneously one would be open. Rick asked if the whole area around the pool/spa for pavers but Mark stated just the whirlpool area. Rick asked if it would come out of the reserves and Mark confirmed that the reserves are pretty much funded. Reserves are set for painting, paving, furniture, pool areas but the amounts can be moved from one item to another. Reserves are fully funded at this time. Mike Shestok supports the idea of the project and also using Holiday Inn since guests are not happy when they are not getting full benefits. Once time frame is picked should give notice to the owners in case they want to bank their week or something. Mark stated he normally gives sufficient notice of 6 months. Gloria stated RCI prefers to have 6 months notice about major renovations in case they have to move inbounds. 4. Fire Pump & Fire Alarm System 5 Year Inspection: Mark got a quote from Critical Solutions for $2,100 for the 5 year inspection. Mark had attended a seminar and United Fire was there and gave quote for $1,000 for the 5 years inspection. Rick DeJong made motion that United Fire do the inspection, seconded by Jay Cooper, motion carried. Mike Shestok wanted to make sure it included the flow valves, which it does. 5. Room Stereo System & Alarm Clocks:Walter had brought up about the alarm clocks because of the radios on them not working in the rooms. Jay Cooper found one at Sam's club and will bring to the meeting at the resort next month. Mike asked what are they trying to fix since the alarm clock works and people can call for a wake up. Gloria stated that at the one meeting Rick had mentioned about listening to music and get a little stereo. Mark had received quote for $200 each. Gloria has picked up ones for $69 at Walmart. Mike stated $200 per 40 equals $8,000. Jay Coopers item would cost $2,000. Mike asked if this a true need? Rick stated it was discussed about a $50-$60 price range. Gloria stated that for the May meeting Jay and her will bring the items they have. 6. Rooms - A/C Units, Appliances, Beds: Mark gave update on AC units spares that run on the R22 freon and would like to get more and might be able to get adapters to upgrade system to the 410 freon to switch units both in closet and on the roof. Mark will have more information at next meeting. The resort has replaced 3 Refrigerators this year due to compressors and getting to point they are wearing out. Mark has been receiving complaints on the mattresses since they are 10 years. Expectancy is 8-10 years. Quotes have been obtained with a couple of options. The resort currently has pillow tops and the vendor that sold to Camaron Cove last time and has recently put new Sealy top of the line at the Don Cesar with pillow top on one side, Klugman Enterprises (same company that all the living room furniture has been bought from)

came in with price of $52,960. This price does not include removal of old mattresses. The resort needs 40 king, 32 queens and 16 twins. Gloria just had Serta reversible mattresses so that every 3 months they can be flipped which helps maintain the springs in them. America Mattress came in at $56,326, which included delivery and removal. Sam's Club has Serta ones and price is $56,000 with no delivery and no removal. Prices came in about the same. The current quotes do not include encasements for the box springs and mattresses that can eliminate bed bugs that would cost $7,000 plus mattress covers for $3,000, total of $10,000. Walter asked if the money was there. Mike asked what the solution was to remove the old ones. Dumpsters would have to be bought in. Approximate cost $2,000, since Salvation Army & Good Will no longer taking mattresses. Mike stated the encasements are a wise investment. Rick confirmed that a pillow top is being used and the people can expect the same. Box springs and frames are good. Rick also asked if they would be of same size. Installation would be a a few rooms a day, two to three days. Marta and her staff would strip the beds and remake them as soon as new ones are installed. Mike asked if Walter would take a roll call. Jay Cooper, Rick DeJong, Walter & Mike all in agreement for pillow top. Mike Shestok made motion to spend $67,000 on new mattresses, coverings and removal. Rick DeJong seconded the motion, motion carried. Rick asked if extra refrigerators are kept on sight. Mark confirmed he has extra of everything so he can replace as quick as possible. The portable AC is in storage. Mike was wondering what the Board feels since the AC units are taking a beating. His thought is to have a major capital expenditure of $200,000 and would like Mark to add discussion to the May workshop meeting. Mark stated over the past few years he has replaced many of them on the roof and are working pretty good. Mike thought there were not enough new R22 unit and the only 3 are in storage and sooner or later Camaron Cove will have to go to new systems. 7. Laundry Room Washers: Laundry room washer renovated recently 4 new dryers, painted and dressed it up but there are 2 older washers. One is 35lb and one is 18 lb. The large one is out of commission. The cost to replace with parts is $1,000. Recommendation is to purchase a 40lb that way cleaning mattress pads, bedspreads on the smaller washer the king does not fit. One washer is needed the cost of 40lb is $7,000 with 3 year warranty parts and labor. To replace 2nd one would be $6,000, which would be a 35lb washer. Mark stated that the resort could do both or just replace one. Mark asked Marta and it was felt to just get both new ones. Rick asked if we could get a better a deal if we buy both. Cost would be around $13,000 that includes base, taxes and equipment. Mike said with summer time more laundry is being done. Walter made motion to approve expenditure for a 35lb & 40 lb washer, Mike Shestok seconded, motion carried. Rick recommended a coin machine for quarters and Mark will look into it.

delinquencies due January 1st and gave to March 15th and then added $25 on April 1st. Along with that is a copy stating you cannot use the facilities nor exchange. Delinquencies as of today are $110,000 compared to last year of $92,000 but each day funds are still trickling in. Over next two months staff tries to collect before sending to attorney for foreclosure. Resort is at 10% delinquency which is about normal. Next letter will state that are being turned over to the attorney. Mike asked what the amount of late fee was, which is $25 and posted in the condo docs plus it is statutory. It is approximately 157 owners of which some are foreclosures in the name of CC and that inventory is rented out for the cost of fees. 9. Beach Club & Beach Chairs: Beach chairs are a success and are being brought back in. If not returned no more chairs will be bought. Mark is wishing to purchase more chairs. Jay also has noticed them using them on the beach. Rick asked how many were purchased and it was 16 of them and also asked how many more he would like. Rick made motion to purchase another 16 chairs for the beach at approximately $20 per chair, Mike Shestok seconded, motion carried. If chairs are left out the city will take the chairs to their maintenance department. Mike asked if security closes the pool and do they check the beach. Mark confirmed that the staff does look to see if everything is removed from the beach. Mike wishes for Mark & Gloria to look at the December minutes where it stated that the only time you have to call the office is when you will have 6 people. He felt this needs to be discussed at the May meeting. Mark shared how they show up and he does not want to argue with them. Mike has heard from owners that they are not happy with so many people using facilities. The owners who wrote the letter about beach club will be at the resort during the May meeting. 10. Smoking Letter: A homeowner wrote letter about owners smoking around the pool. Brian Deeb was sent questions regarding second hand smoke by the Board. Mr. Deeb in his response to the Board stated his opinion would be to have designated smoking areas. Walter feels they will smoke where they want. Mike stated that Pinellas county only regulates restaurants and not timeshare and we are on good ground that they do not smoke in the units. If someone is upset that someone is smoking on the balcony maybe they could ask those people to move to a different area. Someone did complain to the county and they did come out but they could not do anything nor can they enforce it. Mike asked Gloria about the other VPM resorts. Gloria did speak to the state and county and they informed her it is a Board decision. The Boards at other resorts have posted signs No Smoking at the pool/spa. They have also designated smoking areas and the owners have expressed that it was a great idea. If Camaron Cove could find a small area to put some tables with little fence that might resolve some issues, will be looked at in May by the Board. Mike came up with idea of asking the owners on a little survey and then the Board can make a decision before the Annual Meeting. Pat Sullivan believes no smoking in the room and people who are non-smokers were probably smokers and people should be able to smoke where they want to. It was expressed to Pat

11. Board Workshop Session and Board Meetings: Next meeting to be scheduled for Wednesday, April 18th in which we would meet at the resort and Rick would call in when the Board Meeting starts. Mike made motion that we would all be there for the hot dog social and then have employee meeting at 1:30 with some type of food for the Board and staff. Hot dogs start at noon so by the time everything is cleaned up the employee meeting will start and then the Board Meeting. Next workshop session will be when Flo's week or Jay's week. Walter Johnson, seconded, motion carried. 12. VPM/CCR Employees: Bob who was recovering from heart valve replacement and stopped in to see Mark and stated he wanted to spend more time with family and retired. Mark then took the group out for dinner. Bob was with Cameron Cove for a long time and taught Mark a lot with his electrical experience. Joann is still out, went to the doctor and the surgery was a success but something is still pressing on the nerve giving her a lot of pain. Joann has tried to come in and Carolyn has offered to bring her into the resort. A discussion of pay where Joann is paid a commission by VPMR on sales but VPM pays her salary through Camaron Cove for assisting Mark with administrative duties Holly & Carolyn have been covering the hours. The question for the Board is do they want to continue to pay Joann and still utilize Holly & Joann. The hours Joann was doing go to Holly & Carolyn. Jim asked about prognosis on Joann and Mark stated she is hoping to be back within the next 30 days. Mark stated Joann wants to come back but physically cannot and he hoping once the doctor's figure out wants wrong she gets back full time. Walter stated that if she gets better she could then come back. It was stated that Joann's salary would stop end of April. Mike stated Paragraph 5 of the February meeting was to pay her till the March meeting but then there was no meeting. Rick made motion continue to pay Joann until next Board Meeting but it was not passed. Mike made motion to approve Joann's salary for March and April, seconded by Walter Johnson, motion carried. Mike stated Bob was a good employee but not an owner but pretty sure that Bob would still be welcomed. It was suggested to make a certificate for him and family as Beach Club honorary life members. Rick thought it was a good idea. Walter stated it is not costing anything. Rick asked if any gift was given. Rick was thinking about a small gift as a token but others felt not to knock on that door. Walter thought Bob will be pleased with being able to use the facilities. Mark stated he will be visiting since he has made lots friends over the years. It was suggested that he come to the meeting in May. Mark reminded that he did take the whole staff out to eat to celebrate Bob's retirement. 13. Discussion of Unfinished Business from Past Meetings: Mike reminded Walter that he asked about a 2nd newsletter. Mark stated that there are email blasts sent out regularly. Once the meeting is over in May maybe a one page email could be sent with the new items being done. 14. Old & New Business: The only concern was to try and keep the website up to date about Board Members. Jay had suggested to have the election each year staggered, but Mark

reminded them that Brian Deeb had checked into that a few years ago and the condo docs would have to be amended. Mike wanted the Board to look at the webpage. He commented how pleased he is currently with the minutes. However, the webpage is currently 47 pages and maybe just keep 4 sets of minutes (4-6 months). Mark does have copies of all minutes prior that time. Mike reminded everyone that a lot of ground is covered during the meetings. Some owners feel it is too much and just feel we are the ones that deal with that every day and want a verbal update. It was stated by Brian Deeb a couple of years ago that minutes should be comprised of just motions. Gloria will continue to do detailed minutes. Mike wants the Board to look at the site and he is happy with Kyle's video but wishes to see the article about the scam companies. Gloria did state it is on the website and she will let Mike know where it is. Walter opened the floor to those present. There was nothing shared from the homeowners present. Walter Johnson made a motion to close the meeting, Mike Shestok seconded, motion carried.

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CAMARON COVE BOARD OF DIRECTORS MEETING TUESDAY, APRIL 5TH, 2016 AT 10:00AM AGENDA: BP Claim Settlement ATTENDANCE: Walter Johnson, President Mike Shestok, Vice President Flo McGee, Director Rick Dejong, Director Jim Valente, President VPM Mark Bodine, VP of VPM Gloria Weir, General Mgr VPM Norm Orzel, Homeowner Mitch Chubb, Mitch for ERG Law Office Meeting was called to order at 10:03AM. Mitch Chubb, of Economic Recovery Group, presented the offer that has been given to Camaron Cove for the BP Oil Spill. The original claim was for $150,000 and the offer has come in at $70,710.15 before their 25% fee and $500 cost provision, net to Camaron Cove would be $52,532.62 if accepted. We do have an option to challenge the offer and so everyone understands this settlement program was a result of a class action lawsuit in which there was a settlement and each claim is laid out solely by the financials reviewed by a third party referred as the claim center. The third party is an in-house accountant at the claim center. Claim offer came from third party not BP and that's why the two options and because the in- house accounting is completed by that department it is objectively evaluated. Mitch met with the third party and they think there is a challenge to the current calculation and could successfully increase claim $50,000 making total $120,000 and then net to Camaron Cove of $89,500. As per email he feels there is a 60% chance to win the challenge and this is one of the situations normally he would have advised to accept but feels in his opinion it comes down to time and you would be looking at another 6 to 14 months. Or if the current offer is accepted you could have a check within a month. At this time Mitch asked what questions the Board had. Walter Johnson asked if the resort decided and challenged do we lose the first claim. Mitch did state that technically you would be risking the offer on the table and claim value could completely change and go down but they do not see that happening. Jim Valente asked if there is a trust fund or is it coming out of operation. The BP funds are in a Trust run by the third party and there is no cap on what BP pays under the settlement case. Jim asked what forces them since stock is down, oil prices from $130 to $35 a barrel, is there a time where they don't write checks anymore. Mitch said it is not an option, that would only happen if BP America goes bankrupt also the British BP goes bankrupt as they backed it. Jim Valente asked if we wait 6-8 months but Mitch confirms they have to pay all valuable claims under this program. There is too much oil in reserves Mark Bodine federal judge approved the $20 million payout and how have appeals been with other properties?. Mitch said they have good success in making challenges. I have not ever made an appeal on this exact type of claim, 85% of claims rewarded made by third party have been to accept offer on the table and of the 15% challenges about 75% successful. But there is a chance they don't.

Rick asked what are other resorts are doing along that part of the Gulf. Mitch explained that everything is confidential and they cannot see what similar situated resorts have done unless it was handled through their office. If Mark gave Mitch a list he could look to see which ones they represent. It is really more of an individual claim and it is solely based on monthly financial statements and it is not based on what others have done. Gloria stated that another VPM resort got their offer there was no offer to challenge. Mitch explained that it was probably one of the 85% that they felt the 3rd party got it right and no viable avenues to present a challenge. Flo asked what the original claim of what percentage of the $52,000 if we take the settlement now vs $120,000 and receive the $89,000 and if there is sufficient amount being offered to the resort losses. Mitch stated that It was originally projected at $120,000 mark and it not a true negotiation and figure on the table is something that they have specifically calculated and would not say we are taking a loss. Your decision is simply time of gaining $39,000. If the resort challenges could the amount go down and it was stated yes but most unlikely. Mike Shestok had a few questions but felt they were answered by the Mitch and others. One question to the Board is separate is how the funds would be spent but not the attorneys concern and he was fine at this time. He did state that the letter stated they needed an answer by April 15th. Mitch did state he could wait to April 22nd, but that would be the drop dead time especially if they are challenging. Need time to put together the materials. Walter Johnson stated then no decision was needed today and the Board would meet on April 21st and report to the Mitch the morning April 22nd in order for him to move forward. Flo stated that Jay's decision if the majority wants to take the money that he was fine with their decision. but has left it to the majority of directors there. Rick asked what was it was about this claim that the Mitch felt it would be successful. Mitch explained on the high level of the claim values are arrived at is lost variable cost calculation of Cameron Cove and in 2010 valuable profit comparing to 2007, 2008, 2009. They compared 2007 vs 2008, 2008 vs 2009, vs 2009 vs 2010 to determine, which may be the most beneficial to the claim. Then the independent third party awards amount by subtracting revenues received for the reserve account and they did not calculate those as revenue when running the claim calculation but as reimbursed expenses and he thought there is a very strong argument and the resort is receiving those regardless since they are used on a yearly basis. There is a corresponding account and it is not a true reimbursement. If you use those reserves as revenue you would increase the claim by $50,000. Flo felt first to take the money but after listening to Mitch and she feels due to more money go for the challenge. Rick does it make financial sound challenge Mike - stated take money now, understands it is found money and based on the monthly financial and we are lucky to have claim looked at and accepted. We are a timeshare and different from resort on Clearwater beach that may have had oil markings. His feeling was to take the money now.

Walter Johnson stated to go for the challenge. At this time three said to challenge, one stated take the money so final decision will be made after Jay is back at the April 21st meeting. It was also asked what money would be used for. There would taxes paid out of the funds received around $8,000-$8,500, the expected plan. The plan would be after taxes the funds be put in reserves for capital expenditures. Flo asked about a 2nd elevator. Suggested Flo have conversation with Mark because of a 100% vote. To put an elevator in only owners voting yes would have to pay and there could be a special assessment. It has to be 100% of the homeowners. Mark Bodine fights every year to get a 33.3% for meeting. Rick felt the funds should be earmarked for special project. The April 21st meeting is set for 5PM. Mike Shestok made a motion to table the BP decision to 4/21, seconded by Flo McGee, motion carried. Mike Shestok made motion to adjourn meeting, Walter Johnson seconded, motion carried.

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CAMARON COVE RESORT 2402 N. Gulf Boulevard Indian Rocks Beach, FL 33785 (888) 596-8610 (727) 596-8610 (727) 595-9158 FAX

www.camaroncove.com

Annual Meeting of the Camaron Cove Resort Condominium Association, Inc. Homeowners December 12, 2015 This is a draft of the annual meeting of the Camaron Cove Resort Homeowners. Final approval of the minutes to be approved by the homeowners at the next annual meeting. Notice duly given, the annual meeting of the Camaron Cove Resort Condominium Homeowners Association Inc. was called to order at 10:25 a.m. on December 12, 2015 at the Indian Rocks Beach City Hall 1507 Bay Palm Blvd, Indian Rocks Beach, FL 33785. Present were Allan Parsons, President, Edward Covel, Vice President, Walter Johnson Secretary/Treasurer, Mike Shestok, director, James Cooper, director. . Also present were Jim Valente, Mark Bodine and Gloria Weir from Vacation Property Management. Brian Deeb, attorney and Keith Newman CPA. There were 50 homeowners attending the meeting in person. The main purpose of the annual meeting is to elect a board of directors for 2016, vote on reserves for 2016 and any other matters that may come before the membership. Roll call of directors and members were taken and certification was given by Keith Newman, CPA that there was a quorum of members present either in person or by proxy to hold the annual meeting. 680 proxy=s were needed to have a quorum and this years for the annual meeting. Proxy=s send in this year exceeded the quorum needed. Homeowner Ronald Cornell made a motion to waive the reading of the 2015 annual meeting minutes. Motion was seconded by Douglas Deaton which passed unanimously. Mark Bodine stated that the minutes, books and records of the resort are in the resorts office at 2402 N. Gulf Blvd, Indian Rocks Beach and can be viewed by any homeowner during normal office hours. Also copies of the resort records will be emailed or mailed to the homeowners at their request. Mark Bodine stated that a new board of directors for 2016 is to be elected at this meeting. A letter was sent out on October 12, 2015, 60 days ago asking any homeowners who wants to run for the board of directors to submit the notice of intent to run for the board along with a resume. The form and resume had to be returned at least 35 days before the annual meeting so it could be mailed to all homeowners with the information mailing that will go out with the annual meeting material to all homeowners in November. The board of directors approved Keith Newman, the associations CPA to accept the proxies and votes for this years election and who will total the results of the board of directors and reserves. The following persons names were submitted for the 5 positions on the board: James Cooper, Edward Covel, Walter Johnson, Florence McGee, Allan Parsons, and Mike Shestok. Bodine asked the people at the meeting running for the board to give a short speech.

Mark

Mark Bodine stated that in according to Florida Statute 721 a vote to approve or waive the reserves is to be taken at the annual meeting of the homeowners. Notice of the reserves for 2016 were sent to all homeowners along with the annual meeting materials in October. The reserves are for painting, paving, roofing, and capital improvements to the resort. If reserves were not approved each year, special assessments of the homeowners would result in getting funds to do these projects. Proposed reserves for 2016 will remain the same with no increase at $ 150.00 for each unit week.

(See attached 2016 reserves). Mark Bodine then opened up the meeting for comments and suggestions from the attending homeowners. Jim Valente read a letter from a former Board of Director Magil Darnley. Mark Bodine read a letter from former Board of Director, Darl Langford. Both praised the work of the Camaron Cove Resort Board of Directors and Vacation Management, Inc. (See copy of attached letters). Charles Kubecka asked about the budget for the resorts if the replacement project is years from now. Mark Bodine stated that each year reserve items such as roofing, panting and paving are recalculated to reflect the increase cost for replacement. What is budgeted now for reserves will increase in the future and funds should be available at the time for replacement. This is done to prevent a special assessment to the homeowners. It was discussed about the timeshare status that in the year 2022, the owners shall have a special meeting to decide the status of the resort. Brian Deeb stated that at least 60 days before June 2022, a special meeting of the homeowners must be convened to determine the resorts status. To continue as a timeshare resort or what to do with the resort. Discussion about the red paper notice sent to all homeowners with the annual meeting material on Beach Club Rules and Regulations. Flo Mcgee asked about calling the resort when coming to use the Beach Club for the day. Mr. Bodine stated that large parties of 6 or more must contact the resort to see if the resort can accommodate their party for the day. In the summer months, weekends and holidays, the resort is overcrowded with Beach Club users. Marta Juhasz who had the housekeeping contract at the resort spoke to the homeowners. She has worked at the resort for the past 16 years and loves her job and the residents. She will continue to do the best cleaning of the resort as possible. June Mace spoke about recycling at the resort. Mark Bodine stated that blue recycling bins are located on the ground floor, south side of the building for recycling of paper, cans, glass, etc. Also the information book in the rooms talks about recycling. Mark Bodine asked to the homeowners if they have not yet voted for the board of directors or reserves to do so at this time. Keith Newman collected the votes from the homeowners. Keith Newman certified the results of the election. Board of Directors for 2016 are, James Cooper, Edward Covel, Walter Johnson, Allan Parsons and Mike Shestok. Keith Newman certified that the reserves were approved by the homeowners for 2016. There being no further matter to discuss with the homeowners at the annual meeting, Charles Kubecka made a motion to adjourn the meeting, motion was seconded by June Mace which was approved unanimously.

Camaron Cove Resort Board of Directors Meeting December 12, 2015

Notice duly given, a meeting of the Camaron Cove Resort Board of Directors was called to order on December 12, 2015 at 11:10 a.m., Indian Rocks Beach City Hall, 1507 Bay Palm Blvd, Indian Rocks Beach, FL 33785. Present were Allan Parsons, President, Edward Covel, Vice President, Walter Johnson, Secretary/Treasurer, Mike Shestok, director, James Cooper, director. Jim Valente Mark Bodine and Gloria Weir from Vacation Property Management, Inc. The main purpose of the meeting was election of positions for the newly elected board of directors for 2016 and any other matters that may come before the board. The board discussed the minutes from the October 28, 2015 board meeting. Mike Shestok discussed how the minutes are sent out to all directors for review and approval. Gloria Weir stated that at the beginning of the Board of Directors meeting, Allan Parsons asked if the Board of Directors had received the October 28th, 2015 minutes. All agreed they received the minutes except Mike Shestok, Mike was given a copy of the minutes at this meeting. Allan Parsons made a motion to approve the minutes which was seconded by James Cooper. At this point Gloria Weir requested that the board clarify the distribution of the minutes. Over the past few months it has been a discussion on the proper procedure and requested of Jim Valente to explain. As was asked of all board members today to please make sure to hit Areply all@ when emailing and also if it was alright to send draft of minutes to all board members and to have a speedy response. There was not motion but all did agree on this matter. Allan Parsons made a motion to approve the October 28, 2015 minutes. Motion was seconded by Edward Covel. Motion passed 4 for 1 opposed. Mark Bodine stated that new positions for the board of director need to be established for 2016. Mike Shestok nominated Walter Johnson as President for 2016. Motion was seconded by James Cooper. Edward Covel nominated Allan Parsons as President for 2016. Motion was seconded by Allan Parsons. Votes for Walter Johnson for President were 3 for, 2 against. Votes for Allan Parsons for President were 2 for, 3 against. Walter Johnson was elected President .

Walter Johnson nominated Mike Shestok at Vice President for 2016. Motion was seconded by James Cooper. Allan Parsons nominated Edward Covel as Vice President for 2016. Motion was seconded by Edward Covel. Votes for Mike Shestok for Vice President were 3 for, 2 against. Votes for Edward Covel as Vice President were 2 for, 3 against. Mike Shestok was elected Vice President. Walter Johnson nominated James Cooper as Secretary/ Treasurer for 2016. Motion was seconded by Mike Shestok. Motion approved 3 for 2 against. James Cooper was elected as Secretary/Treasurer. Mark Bodine presented a letter of engagement from Keith Newman, Newman and Company, P.A. to do the 2015 audit for the resort. In accordance to Florida Statutes, an annual audit must be preformed at all timeshare resorts by an independent CPA form. Newman and Company had done the audit at Camaron Cove Resort for many years. Allan Parsons gave the board of directors his resignation to serve on the board. (See attached letter of resignation). The board discussed filling Allan Parsons vacancy on the board of Directors. Since Florence Mcgee ran for the board and was not elected,

it was suggested to contact her to see if she would be interested in filling in the vacancy on the board. Walter Johnson to contact Florence Mcgee to see if she would be willing to serve on the board. Edward Covel made a motion to have Newman and Company do the 2015 audit for Camaron Cove Resort. Motion was seconded by Walter Johnson which passed unanimously.

Mark Bodine stated that the resorts attorney, Brian Deeb of the Deeb Law Group is the escrow agent on Camaron Cove Resort=s real estate tax account. Brian signs the checks to pay the real estate taxes for the resort. Edward Covel made a motion to have Brian Deeb continue at escrow agent on the real estate tax account. Motion was seconded by Walter Johnson which passes unanimously. Mark Bodine stated that a board of board of director must be appointed by the board to sign on all corporate matters for the Camaron Cove Resort Association. Mike Shestok made a motion that Walter Johnson sign on all Camaron Cove Resort Association matters as being President. Motion was seconded by James Cooper. Motion passed unanimously.

Mark Bodine stated that with the new board of directors he wanted to know who would be signers on all bank accounts. Previously it was Allan Parsons, Walter Johnson, Mark Bodine and James Valente. Walter Johnson made a motion to have Walter Johnson, President, James Cooper, Secretary/Treasurer of Camaron Cove Resort. Mark Bodine and James Valente, Vacation Property Management, Inc., as signers on all Camaron Cove Resort bank accounts. Motion was seconded by Mike Shestok. Motion passes unanimously. Mark Bodine said the new signers on the bank accounts will need to meet at the following banks to sign new account signers cards. Bank of America, Wells Fargo and BB & T. Date and time to be determined. The housekeeping contract was discussed. Mark Bodine presented to the board the revised housekeeping contract with the proposed changed by Marta Juhasz and Anna Bennett of MJC Cleaning. The board were in agreement on the changes. Mike Shestok would like to see the statement of work added to the contract. It was approved to add the statement of work done by James Cooper to the housekeeping contract. Also to date the contract to start January 1, 2016. Mike Shestok made a motion to approve the housekeeping contract with the changes from Marta and Anna and to add James Cooper statement of work to the contract. Motion was seconded by Walter Johnson which passed unanimously. The board decided to continue having the monthly board meeting on the 3rd Thursday of the month at 7:00 p.m. Next board meeting scheduled for Thursday, January 21, 2016 at 7:00 p.m. There being no further matters to come before the board, Mike Shestok made a motion to adjourn the meeting. Motion was seconded by Walter Johnson. Motion passes unanimously. Meeting adjourned at 11:51 a.m.