The Palisades Tahoe Lodge Owners Association is overseen by a volunteer Board of Directors. The Board of Directors is comprised of five members elected for staggered three-year terms, and there are four official officer positions: President, Vice President, Treasurer and Secretary. From time to time, ad hoc committees are also formed. Recent examples include: The Modernization Committee focused on updating the Lodge public spaces, unit windows and facilities; The Rules Committee focused on updating the rules for owners, for renters and for renovation and construction; and The Owners Forum Committee, focused on maintaining communication with other second-home owner associations in the valley. Non-board members are encouraged to participate in ad hoc committees, and frequently provide valuable expertise in technical, legal and other areas. The Board of Directors is responsible for looking after the well-being of the Association as a whole. Thus, while particular desires and viewpoints of individual owners are considered, Board of Directors’ decisions are based on what is considered to be in the common interest of all owners. In fact, with very few limited exceptions, the Association, is not concerned with or responsible for any Owner’s individual unit.

The Board has a contract with an independent property management company, Granite Peak Management, to handle various aspects of day-to-day operations, maintenance and repair of the Association’s Common Areas (elevators, hallways, parking areas, etc.) and the administration of the Association’s business affairs (financial accounting, Board of Directors’ meetings, Owners’ meetings, etc.). The contract with Granite Peak Management is reviewed on a regular basis for cost-effectiveness.

Lodge owners are assessed regular monthly dues which go toward the expenses of operation, management, repair and maintenance of the Association’s common areas. Dues also go toward certain capital reserves. The Board of Directors, in conjunction with the Granite Peak Management, reviews the operation budget on an annual basis and may adjust dues to address needs. The Board of Directors also takes into consideration Owners’ historical desire to run and maintain the Palisades Tahoe Lodge as a first-class branded condominium resort so cost minimization is not the only criteria considered in setting regular monthly member’s dues.

From time to time, the Association may be faced with exceptional needs or expenses. In these instances, it may propose special assessments, which may be a one-time charge or an ongoing assessment for a finite period of time. Recent examples include the Modernization Program which resulted in a newly refurbished lobby, conference and meeting rooms, sauna and steam rooms, locker rooms, indoor hot tubs and unit windows. Regular dues and special assessments are levied partly on a per-unit basis and partly on the size of each individual unit.

Many Owners choose to rent their Lodge units when they are not using them in order to defray ongoing costs. The Owners Association has a separate arrangement with Granite Peak Management to operate a rental program for those Owners who want to participate in the Granite Peak Management rental program. In this capacity, the Granite Peak Management rental program provides participants in their rental program with marketing, guest reservation, front-desk reception and check-in, guest rental revenue collection, guest rental revenue and expense accounting, guest (and owner) housekeeping, and certain unit maintenance services. Rental Program