PLAYMOR LA IOLLA HOMEOWNERS ASSOCIATION

BOARD OF DIRECTOR MEETING

July 12, 2012

MINUTES

1. Call to Order: President Ruth Nutt called the Playmor La Jolla Board Meeting to order on Thursday July 12,2012 at 6:07 PM — 4343 Caminito Del Diamante (Poolside) San Diego, CA 92021

Roll Call:

Ruth Nutt, President & Treasurer — Present

Kyle Smith, Vice President — Present

Eve Ewing, Secretary — Present

Christine Young, Director-at—Large — Present

Dee Dee McCann, Director at Large — Absent

Debra Dailey, Playmor La Jolla Managing Agent — Present

11. Homeowner Forum/Correspondence — A11 present Homeowners were invited to address the Board.

111. Minutes

Action 1. Director Nutt moved to approve the June 14, 2012 Executive Session

Minutes. Director Smith seconded. Discussion occurred. The motion passed unanimously.

Action 2. Director Nutt moved to approve the June 14, 2012 Open Session Minutes.

Director Smith seconded. Discussion occurred. The motion passed unanimously.

IV. Financial Considerations:

Action 3. The Board received the June 2012 Financial Report.

Action 4. Director Nutt moved to accept the atteachte 2012 reserve study and approve the vision of 2012 Budget which the show the decrease in the monthly assesment from $275.00 to $225.00. Director young secobded. Discussion occurred. The motion passed in favor 3 opposed 1 (Director Ewing).

Note. after reviewing the reserve study disclosures with the bpard, management strongly recommended that monthly assessment remain at $275.00 or decreseased to no less than $ 250.00

Action5. Director Young moved to approve the Director Nutt Invoice for payment from the Operating Account. Director Ewing seconded. Discussion occurred.The motion passed: In favor 3; Recused 1 (Director Nutt).

V. Proposals/Bids/Contracts:

A. Greg Villard Review and Tax Preparation

Action6 . Director Smith moved to approve the Greg Villard Playmor La Jolla ReviewEngagement Letter. Director Ewing seconded. Discussion occurred. The motionpassed unanimously.

B. Common Area Keys

Action 7. Director Ewing moved to approve A-1 Express Locksmith bid to secure two irrigation controller boxes with bars and padlocks and five "Do Not Duplicate" keys. Director Young seconded. Discussion occurred. The motion passed unanimously.

C. Termite Inspection Reports

Action 10. Regarding 4386 Diamante Termite Report work...Mt. Helix reported that owner Ruth Nutt called and scheduled the work.

Action11. Director Ewing moved to proceed with the 4343 Diamante Termite Report work. Director Smith seconded. Discussion occurred. The motion passed unanimously.

Action12. Regarding 4311 Diamante...Mt. Helix reported that there were appointments scheduled to do the Termite Report work but that Erin (Bobby's Office) called and cancelled.

Action13.Regarding 4315 Diamante...The Mt. Helix Termite Report work was approved on 5/10/12, and Mt. Helix reported the unit was treated on 6/5/12.

VI. ARC Requests

A. 4331 Zafiro (C. Morgan --- c/o Griebling Prop Mgmt C0 representing the HO)

Action 14. Director Ewing moved to approve the ARC Request. Director Young seconded. Discussion occurred. The motion passed unanimously.

B. 4307 Zafiro (Catherine M Donoghue - Rob de la Grange, CRS representing the HO)

Action 15. Director Ewing moved to approve the second floor hard surface floor installation within the same unit. Director Smith seconded. Discussion occurred. The motion passed unanimously.

VII.P001 and Spa Report

Action 16. Director Smith moved to entertain three p001 and spa care bids. Director Young seconded. Discussion occurred. The motion passed unanimously.

XI. Adjournment

Action 17. The Meeting was adjourned at 8:20 PM.

Respectfully Submitted:

Debra Dailey, Managing Agent; Recording Secretary