b'Board of Directors Advisory CommitteeThe resort is governed by a five member Board of Directors In addition to the five Board members, the Board enjoys the who are elected by the members for either three or two-yearservices of appointed Advisors who are Club members. The terms. The Board elects the Associations officers annually.AdvisorsareactiveparticipantsinAssociationaffairstasked with advising the Board on matters related to the long-range In 2017, the Board created and filled the new position of Chiefhealth and development of the Club, along with making use of Operating Officer to oversee the transition and be responsible their expertise and abilities to assist the Board when dealing forClubsoperations,management,andsales.Thepositionwith specific items.reports to the Board of Directors.Mark Giddingssupervises construction and remodeling of the Aspartofthedeveloperturnover,theGiddingsfamily resort as an independent contractor. He is a son of Patricia and inaccordancewiththeBylawsandpreviousagreement the late Ed Giddings, the Developers of Club Cascadas, and he transferredtheirunsoldinventoryandgaveuptheirthreehas a keen understanding of his fathers architectural vision for BoardseatsasofJanuary1,2018.AnewBoardconsisting the resort.of five Club members will be elected by the members at the June 2018 annual meeting.FACTOIDTheBoardapprovestheannualoperatingbudgetthatisdevelopedbytheonsitemanagementteamandC.O.O., Every staff member is entitled, under their union contract to withdirectionandassistancefromTPI.TheFinanceand one free meal each day provided by the Club. The employee AdministrationCommitteedevelopsandmaintainsthe cafeteria is on the lower level of the main building, beneath long-termplanforcapitalexpendituresandtheCapital the lobby.ReplacementFund.TheBoardapprovestheCapitalExpendituresbudgetannuallybasedonthisplan.Thesebudgetsdeterminetheannualmaintenancefeeamountpaid by all members.67'