6 Million in capital improvements that Morgan Stanley and The Hilton Corporation are putting into the courses at The Citrus and La Quinta Resort

We have a number of exciting changes with Morgan Stanley as our new owners. They have just approved $6 Million dollars to improve all nine golf courses and are working out a Master Plan for the improvement of all clubhouses and La Quinta Resort facilities. Funds currently being allocated to The Citrus Club, Mountain and Dunes include:

The Citrus Course:
Bunker renovation
Cart path repairs
New tee box on the #16 hole
New sump below the 18th tee box
New irrigation controller system

The Citrus Clubhouse:
Grading and the compaction project have begun on the start of our new fitness center
Construction of an expanded patio and feature bar
Construction of a 2,600 square foot fitness center
Construction of four to five tennis courts here at The Citrus Club will be included with the upcoming Master Plan.

Mountain Course:
Bunker renovations
Cart path repairs
Tee leveling
Railroad tie repairs
Drainage repairs
Distance markers on the irrigation heads
Central computer programming

Dunes Course:
Bunker renovation
Cart path repairs
Leveling of tee boxes
Railroad tie repairs
New controllers that operate off a central computer
Distance markers on the irrigation heads
Well pump improvements

These long-awaited improvements will only enhance the Citrus Club and surrounding communities. We look forward to their completion as we enter into season and invite you to join our Club now.

Golf Course Improvement Plan

PGA WEST


Thursday, July 12, 2007

Dear Members:

We are very excited to announce that our Golf Course Improvement Plan has been approved. Beginning immediately and with completion prior to your return for the season, Morgan Stanley will spend approximately $6 million to renovate our courses. The following is an outline of improvements to be made.

Nicklaus Private Course
Bunker renovations.
Cart path repairs.
New landscaping around the 14th tee.
Lake bank repair on holes #8, #13, and #14.
Irrigation controller and head upgrades.
Asphalt overlay on the path from the driving range to the 10th tee.

Arnold Palmer Course
Bunker renovations.
Cart path repairs.
Tee leveling on holes #15 and #17.
Lake bank repair on hole #18.
Irrigation controller and head upgrades.

Tom Weiskopf Course
Bunker renovations.
Cart path repairs.
Irrigation upgrades.
Rebuild dry well.

Greg Norman Course
Improved cart parking area by the driving range tee.
Bunker renovations.
Thinning out of plant material.

Nicklaus Tournament Course
Bunker renovations.
Cart path repairs.
Irrigation controller and head upgrades.
Pump station replacement.
Stadium Course
Bunker renovations.
Cart path repairs.
New landscaping plan with Dye Designs.
Irrigation controller and head upgrades.
Removal of more acacia plant material.
Asphalt overlay of driving range parking area.
Citrus Course
Bunker renovations.
Cart path repairs.
New tee box on the #16 hole.
New sump below the 18th tee box.
New Irrigation controller system.

Dunes Course
Bunker renovation.
Cart path repairs.
Leveling of tee boxes.
Railroad tie repairs.
New controllers that operate off a central computer.
Distance markers on the irrigation heads.
Well pump improvements.

Mountain Course
Bunker renovations.
Cart path repairs.
Tee leveling.
Railroad tie repairs.
Drainage repairs.
Distance markers on the irrigation heads.
Central computer programming.

As you can see, we have a full schedule of improvements ahead of us. These improvements were long awaited and we are glad that the work is finally getting done. We will keep you updated as things are progressing. In the meantime, please contact us with any questions.

Regards,




Roger Swadish Mark W. Neneman
Vice President Managing Director of Golf Operations
La Quinta Resort and PGA WEST La Quinta Resort and PGA WEST
Arizona Biltmore Resort & Spa
Waldorf =Astoria Collection
Hilton Hotels Corporation