YOSEMITE LAKES OWNERS’ ASSOCIATION

30250 Yosemite Springs Parkway

Coarsegold, CA 93614

Phone: 658-7466 Fax: 658-7866

MINUTES OF THE BOARD BUSINESS MEETING SEPTEMBER 21, 2010

CALLED TO ORDER AT 6:38 PM

I. Call to Order –Tom Swire

II. Flag Salute – Al Clark

III. Invocation – Mark Zoeller

IV. Roll Call & Establishment of Quorum – Board Members Present

Tom Swire, President Bob McDonough, Vice President (absent)

Mark Zoeller, Treasurer Phil Farren, Secretary

Dianne Cruce, Director Al Clark, Director

Bryan Smith, Director

President Swire apologized to the audience for starting the meeting late.

V. Approval of Minutes – 8/17/10

MOTION: A motion was made to approve the August 21, 2010 Board Meeting minutes pending changes. M/S/C (Swire, Clark), Voice vote. Ayes: 6 (Swire, Cruce, Farren, Zoeller, Smith, Clark), Nays: 0, Motion carried.

VI. Public Comment -

None at this time.

VII. YLP Fire Station #10 – Chris Haynes

Chris Haynes spoke to the board and audience members. He stated that in the last 90 days they had 46 calls: 21 medical, 12 accidents, 4 structure fires, 7 vegetation fires, 2 vehicle fires. He noted that this fire season has been mild. Cal Fire has started layoffs. They will be having a hazmat awareness class on September 23^rdat the clubhouse. They will be having the Rigatoni Dinner on September 28^th. Proceeds go towards Station #10. The second annual Car show will be held on October 9^th. The funds for this show will also help Station #10. He thanked Ken Harrington, Mgr of YSPUC, for his help as a trainer. They worked on extrication with an old vehicle. They will have more extensive training with him in the future. He noted a hoax that was reported and he explained how fast the crew was on the scene. He stated that emergency responses in YLP are working like they are supposed to and everyone at the fire department is proud of that. He answered questions at this time regarding animal evacuation training and the smoke in the air. It’s been a great season. The amount of fires was lower. Rain with the mild temperatures helped.

VIII. Financial Report – Mark Zoeller

The Month End Cash Balance is a little higher this year than it was last year. They started off at the end of May with the balance higher than the previous year. He showed how the totals bounce around throughout the year. Monthly Cash Flow graph showed where we collect money and where we spend money. Year to Date Cash Flow from Operations showed a little less than what it was last year. He showed the Collection Shortfall graph. It showed that we were behind $188K from 2009. He explained the legal requirement regarding the Budget Comparison Chart. Revenues this year are below budget. $5K less than last year. Gross Profit Margin of F&B is not as good as either the budget or last year. Other Operating Expenses are a shade higher than budget, but about the same as last year. Income from Subsidiaries was slightly over what it was last year. The restaurants losses are a little bit higher than the last year. These numbers still need to be worked on. There were no questions for the Treasurer at this time.

IX. Lien Resolutions – Michael Neveu

None at this time.

X. YLOA Update Report

Security Report – Bob Wilson, NVPS (absent)

GM Neveu stated that Mr. Wilson is not here due to an incident involving one of his employees in Fresno. He has Joseph Shreve available to answer any questions they may have. He also stated the security report is in the Manager’s Report and is available to the audience. Pat Burns, Lot 1194 asked about burglaries in the park that were related to open garage doors. He asked if there any more? Mr. Shreve stated there were 5 thefts from unlocked vehicles last week. These are crimes of opportunity. If you steal from an unlocked car, it’s a misdemeanor, but if you break into the car it’s a felony. These people understand this. The people believed to be doing this was apprehended last night in the Bass Lake area. They are still investigating this. An audience member mentioned the advertising sign on 41. President Swire explained that this item is on the agenda and will be discussed later in the meeting. Treasurer Zoeller asked about the reports of mountain lions. Mr. Shreve explained that the lions are following a predictable pattern. He has been in contact with Fish & Game, giving them the reports on the lions. The cat is not doing anything abnormal. He stated the lion has been sighted in the Corral, Holiday and Stetson areas.

GM Report – Michael Neveu

President Swire stated the GM report will probably be entered into the minutes, and asked if any director has any questions regarding the report. GM Neveu stated he will give some updates on items on the agenda later. The highlight for the week was the mountain lion activity.

MOTION. A motion was made to enter the General Manager’s Report into the minutes as an attachment. M/S/C (Clark, Zoeller) Ayes: 6 (Clark, Zoeller, Cruce, Swire, Farren, Smith), Nays: 0. Motion carried.

XI. Committee Reports

Environmental Control Committee – Tom Swire

The committee met 4 times. One time they met on the phone to approve an item. There were no new homes but they’ve had a lot of garages, deck additions and patios. The committee has been discussing issues. They’ve had some people come into compliance with the DOR’s and they have had a couple of disciplinary hearings.

Golf Committee – Jim Ross

YLP had their True Value Hardware tournament. They had 52 golfers participate. There was over $2000 donated. The committee thanked the Lundberg’s for sponsoring the tournament. They thanked Jack Towle for his hard work in setting up for the tournament. A special thanks went out to the Board of Director’s President Tom Swire for participating in the tournament. President Swire stated he had a good time. The condition of the course is down due to turf loss. The contractor and golf committee are working to start new grass on the greens. The contractor will be reseeding this Thursday. They hope the cooler weather will help in the germination process. They have decided to cancel a tournament due to the condition of the greens. Mr. Ross answered questions from the audience.

XII. Considerations of YSPUC Proposals to YLOA – Al Clark

None at this time.

XIll. Old Business

Blue Heron Sign on Hwy 41 – Phil Farren

Secretary Farren asked GM Neveu if there were any updates regarding the sign issue. GM stated they are still following up with beginning discussions. There isn’t anything final just yet. He explained they would like to put a sign like the one that’s on Revis and the Parkway somewhere near Hwy 41. They are working with a company towards a design for the sign. He explained the signs to the audience. They’ve talked to Frank Bigelow’s office on the possible restrictions for signage on the highway. Signs on highway 41 are very expensive. Director Clark asked the GM if the blue signs at the entrances in YLP are still necessary. If they aren’t, could we use those spaces for signage? GM Neveu had stated the need to post the entrances to YLP and will be talking to Sup. Bigelow about using those areas for added signage. Dick Zitzman added historical information regarding the blue signs at each entrance to YLP. An audience member stated her concern over a possible safety problem with posting a Blue Heron sign on Hwy 41.

Solar Program Update – Michael Neveu

GM Neveu stated we’re in Phase 2 of the Solar Program. The October meeting dates are published and flyers are on the board outside. We’re working with Real Goods Solar for two basic designs. One design being the finance design for solar panels that would power the clubhouse and the other design is one or more locations for the YSPUC equipment. Phase 1 has brought us the initial design documents that are transferable to any construction company that we would decide to use; not necessarily Real Goods Solar. Director Cruce asked how many members have signed up. The GM told her at least 8 and 6 more are in the deciding stage.

XlV. New Business

New Signers for Bank Accounts – Mark Zoeller

Treasurer Zoeller explained that he is making all directors signers to the YLOA bank accounts. He stated that the banks make them follow a formal approval process.

MOTION. A motion was made to have the following signers on YLOA’s bank and brokerage accounts: Tom Swire, Bob McDonough, Phil Farren, Mark Zoeller, Al Clark, Bryan Smith, Dianne Cruce, and also General Manager, Michael Neveu as a signer on YLOA’s primary checking and payroll accounts at Yosemite Bank with the dollar limit as determined by the Board of Directors. Any person not listed here but who may have previously been an authorized signer is removed as an authorized signer from any and all of YLOA’s bank and brokerage accounts. M/S/C (Zoeller, Clark), Ayes: 6 (Clark, Zoeller, Cruce, Swire, Farren, Smith), Nays: 0. Motion carried.

New Committee Assignments – Tom Swire

President Swire explained that this year, with the exception of the Road’s Committee, he’s placed only 2 directors on each committee. He stated they can have 3 directors per committee, but he has left the third position open to directors that didn’t get a committee they may have wanted. All committee chairs will be a director. He explained that all the directors will take turns being rotated on and off the Environmental Control Committee.

MOTION. A motion was made to approve committee assignments as presented. M/S/C (Zoeller, Clark), Ayes: 6 (Clark, Zoeller, Cruce, Swire, Farren, Smith), Nays: 0. Motion carried.

Alterations to YLOA Employee Handbook – Tom Swire

President Swire explained that there was a lively discussion about this item at the YSPUC Board meeting earlier this evening. The YSPUC Board of Directors tabled this item for further discussion at a later date. He suggested the YLOA Board of Directors do the same.

MOTION. A motion was made to table this item. M/S/C (Zoeller, Smith), Ayes: 6 (Clark, Zoeller, Cruce, Swire, Farren, Smith), Nays: 0. Motion carried.

XV. Announcement of Previous Executive Session

None at this time.

XVI. Director's Comments

Director Clark thanked Karrin and Paul Luce for the Friday Night on the Lakes. He stated that he and his wife had fun attending. It was well attended; a lot of fun and Paul worked hard keeping the kids in check. The audience and board applauded.

XVII. Adjourn to Executive Session

Not at this time.

XVlll. Adjournment of Meeting

MOTION. A motion was made to adjourn. M/S/C (Zoeller, Clark), Ayes: 6 (Clark, Zoeller, Cruce, Swire, Farren, Smith), Nays: 0. Motion carried.

The meeting adjourned at 7:15pm.