LA GRANDE PROVENCE
CONDOMINIUM ASSOCIATION, INC.
BOARD OF DIRECTORS MEETING
JUNE 27, 2011
Tony Papandrea called the meeting to order at 9:10 A.M.
Jeanne Kiley and Barbara Cooledge (via telephone), along with Karen Hopkins of Preferred Management Services and Joann Keenan of Brown & Brown Insurance Agency were present.
The minutes of the June 6, 2011 Board meeting were approved.
The purpose of the meeting was to review the Brown & Brown proposal for insurance coverage from June 30, 2011 to June 30, 2012.
Currently the two buildings, swimming pool, bathhouse and pool equipment buildings are covered for 90% replacement cost.
Tony Papandrea asked Joann Keenan, from Brown & Brown, to increase the coverage for the two condo buildings at 100% replacement cost and leave the swimming pool, bathhouse and pool equipment buildings at 90%. She will get back to us shortly with the updated figures.
Tony also requested an updated quote for a 10% deductible for Hurricane Insurance vs. the current 5% deductible.
Pending receipt of an updated quote, the Board voted to accept the Brown & Brown proposal, there being no other insurance presentations.
The meeting adjourned at 9:40 A.M.