Briefing on the Embarcadero Thank you Realtors for joining us

OBJECTIVES  Milestones  Recent Accomplishments  Future Projects  Recognition  Photos  Challenges  Upgrades

Milestones we have reached:  Completed a Full Audit – No Problems  Completed Reserve Study – Adopted to fully fund  Reserve Program (Common Areas, RLC & Marina) on track and on budget

Recent Accomplishments  Sealing the envelope through roof and deck work – addressing all dry rot found  Last condo roof “I” building completed 2010  RLC Roof scheduled for this fall  Gutter program for completed decks and new siding  Remodel Fireside Room  Upgrade Restaurant  Upgrade gift store  Landscaping Upgrades

Future Projects  Rebuild marina  Reduce sediment entering our marina  Achieve land lease cost reduction goals  Major energy savings programs  Continuation of deck replacement program

Deck Schedule (Decks, Doors, Windows, Thresholds, Shingles…)  Decks Completed 2008/  Decks scheduled  Decks scheduled  Decks Scheduled  Decks scheduled  Decks scheduled  Total decks to be completed 253

Chamber Recognition Leading to Increased restaurant traffic And increased room occupancy rate

Now, here are some photos of what we have done so far…

Roofs Scheduled 2010 “I” Building RLC Bldg. Roofs Scheduled 2010 “I” Building RLC Bldg.

Dry Rot found during deck work

Completed Decks Wood Vinyl

Beam Replacement

New Building Gutters

C Building Improvements Before & After

Directional Signs

Fireside Room Now Updated

Restaurant has a new look

Gift Shop Modifications

Objectives  E E E Energy Conservation $48,355 less rebate $25,948 = $22,407 Vapor Barrier Wrapped Pipes Under-floor insulation Water-saving shower heads (w/rebate)

2010 Reserve Fund Projects  Boardwalk Repairs$ 22,500  Dry Rot decks/doors/windows$474,300*  Fireside/Restaurant Carpet$ 18,250  “I” Building Roof & Skylights$ 65,925*  Deck and Roof Gutters$ 9,610*  “F” Building Support Beams$ 45,000  HVAC (heating, venting, air conditioning) $ 84,000  RLC Roof Replacement$151,745  Marina Lockers/Floats by Charter Area $ 76,200*  Whaler Wood “C” Dock$ 50,000  Electrical Upgrade “E” dock$ 30,000 *continuing projects

~It’s all about the view~

We would love your feedback  Comments/Impressions Please  Questions?  This presentation can be found on our website: under “Realtor Corner”