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Re: Board of Directors (by Edward L.):

We attended the information meting held by DRI on 10/19/11 at the Atrium Hotel in Irvine. They have a detailed presentation of the Poipu water intrusion problems and the plan to repair them and detailed cost break down starting with the cost at the Poipu AOA level and passed down to the Hawaii Collection level. They promise to release the presentation in the DRI website or the DiamondResortsHOA.com website. This meeting was for the member of the Hawaii Collection members only. About 50 members showed up and there were over a dozen DRI employees there to cover all bases. They claimed there was a meeting for the week owners at Poipu earlier and there were heated discussions of the repairs issues. The main issue for the collection members is that unless your share of the special assessment is over $2000 you have to pay it up front in the dues for 2012. Since the average collection member has 8500 points, 90% of the members cannot spread their assessment over the 5 year repair period. This is assuming that the repairs is the right approach and the budget is correct with all the overhead added. Hawaii collection members should study the documents (Exhibits) came with their 2012 bill and find out more information from the Diamond websites. We hope members in N. California attended the 10/20/11 meeting in San Francisco and those who attend the up coming Annual member meeting in Las Vegas can report their concerns here in this forum.