Agenda. Call to Order & Establish Quorum Introductions Reports Recognition and Awards Election Results Door Prizes Open Forum Adjournment

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1

2 Agenda Call to Order & Establish Quorum Introductions Reports Recognition and Awards Election Results Door Prizes Open Forum Adjournment

3 Deborah Brill Barbara Larsh Chuck Eckman Jennifer Jenkins Ben Dobbs

4 Business Partners Dea Franck, Esq., Epsten, Grinnell & Howell Wayne Carlsen, CPA, Brabo & Carlsen, LLP Greg Gritters, Vintage Associates, Inc. Dan Hammond, Roto-Lite Doug Molder, Pristine Pools Karen Sennes, Merrill Lynch Richard Juge, M & M Sweeping Jared Knight, Vista Paint Steve Hall, MC Painting

5 Management Team Jim Comin Division President John Beaman VP Resort Communities Cassie Gertz General Manager Kari Martin-Hargett Operations Manager Michelle Reese Administrative Assistant

6 PGA WEST Community Master Association Gates & Patrol PGA Boulevard Front Entrance Exterior Wall Exterior Landscape Residential Association I Residential Association II Residence Club Fairways Association 17 Special Benefit Areas Peninsula Park

7 PGA WEST Master Association Appointment of Fairways Representatives Deborah Brill Penni Sturgill

8

9 Thank You, 2017 Committee Members

10 Delegates/Alternates EAGLE BEND Art Schuler Vince Lupinacci (Alternate) HACIENDAS-ESTATES Katie Pingree HERITAGE Julie Leonard Jim Cox (Alternate) HERMITAGE Robert Gill DeAnn Gill (Alternate) LA CALA Walt Lloyd Chris Knudsen (Alternate) LEGENDS Betty Ortiz John Welty (Alternate) MASTERS Jim Wisener MONTERRA Larry Robinson MUIRFIELD Tom Lynch

11 Delegates/Alternates NORMAN ESTATES Kerry Coss PASADERA Sherri Trbovich Joan Moloughney (Alternate) SPANISH BAY Bob Brown Alice Gutowicz (Alternate) SUMMIT Penni Sturgill Beverly Gilbert Gard (Alternate) TIBURON Ann Piller Martha Jenkins (Alternate) TOLL BROTHERS Dick Mills James Stark (Alternate) TURNBERRY Jody Shapiro VILLAS (Vacant)

12 Special Thank You! CERTIFICATE OF APPRECIATION AWARDED TO In sincere appreciation of your dedicated work for PGA WEST Fairways Association awarded this 26th day of March, 2018 Deborah Brill, President

13 Congratulations,

14 Fairways Year-End Financials As of December 31, 2017 Actual Budget Variance Income $6,979,356 $6,939,225 $40,131 Expenses $6,659,796 $6,937,691 $277,895 Net Income $319,560 $1,534 $318,026 (Unaudited Results)

15 Current Total Reserve Funding Base 65% Funded As of December 31, 2017 $4,336,389

16 Delinquencies as of December 31, 2017 $250,000 $200,000 $150,000 $100,000 $50, $

17 Projects Completed Common Area Landscape Projects Spanish Bay/Winged Foot Intersection Muirfield Village & Mountain View Turf Renovation Eagle Bend Park Area Winged Foot Phase I

18 Spanish Bay/Winged Foot Intersection

19 Muirfield Village & Mountain View Turf Renovation Project

20 Eagle Bend Park Area

21 Winged Foot Phase 1

22 2017 SBA Painting Projects La Cala (52) Legends (63) Spanish Bay (75) Heritage (36) Total 226 Homes

23 La Cala & Legends SBA Painting Project Special Thank You!

24 PGA WEST Fairways 2018 Projects LED Light Bulb Replacement Project On-Site Reserve Study Various Landscape Improvements 2018 Bulk Cable Agreement

25 Signature at PGA WEST

26 Monterra at PGA WEST

27 April 2017 to February 2018 Weiskopf Area - 13 Legends Area - 26 Signature Area 9 Greg Norman Area 26 TOTAL: 74

28 Did you know? Fairways Website - Password: fairways Account Balance Log onto our Website at: Board of Directors Meetings 4 th Thursday of each month in the Private Clubhouse

29 Did you know? Work Orders - Call our Administrative Assistant, Michelle Reese at Tel: ext or Michelle.Reese@managementtrust.com Architectural Applications - Call our Operations Manager, Kari Martin-Hargett at Tel: ext or Kari.Martin@managementtrust.com ~Must submit a complete package ten days prior to the Architectural meeting. Architectural Committee meets the 1 st Monday of each month.

30 Did you know? PGA WEST Fairways Long-term, Valued Client The Management Trust, Desert Division

31 The Club at PGA WEST

32

33 The Club at PGA WEST Phase 2

34 The Club at PGA WEST Phase 2

35 The Club at PGA WEST New Dog Park

36 The Club at PGA WEST New Dog Park

37 The Club at PGA WEST New Dog Park

38

39 ELECTION RESULTS Director Election 2017 Annual Meeting Minutes IRS Resolution

40 Special Recognition Thank You, Dick Mills

41 Thank you, Sponsors! SPECTRUM / TIME WARNER VISTA PAINT EPSTEN GRINNELL & HOWELL MERRILL LYNCH MC PAINTING PRISTINE POOLS ROTO-LITE THE CLUB AT PGA WEST VINTAGE LANDSCAPE

42 Grand Prize Drawing Donated By: $200 Gift Certificate to at the La Quinta Resort & Club

43 Open Forum As a courtesy to all homeowners: Please limit your comments/questions to Fairways issues only Please raise your hand and wait to be recognized before speaking Please state your name and SBA Questions should be of a general nature and concern community-wide information

44 A copy of the slide presentation will be available shortly on our website:

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