LA GRANDE PROVENCE
CONDOMINIUM ASSOCIATION, INC.
BOARD OF DIRECTORS MEETING
JUNE 22, 2015
Bob Cory called the meeting to order at 10:30am.
Bob Cory and Barbara Cooledge joined the meeting via telephone while Dave Yoder was present in person. Karen Hopkins of Preferred Management Services was also present along with Joann Keenan from Brown & Brown Insurance. There were 2 owners present.
The minutes of the May 4, 2015 Board meeting minutes were approved.
Association Insurance Renewal
Joann Keenan presented the Board with an outline of the insurance that the Association presently has with the associated premiums and a proposal for this renewal period (June 30, 2015 to June 30, 2016) also with the associated premiums.
The premiums are down approximately $19,000 from last year mostly due to a drop in the Property/Windstorm premium.
She outlined the different types of coverage/policies based on the latest Insurance Appraisal by GAB Robins. Her proposal included all “A” rated carriers. Joann indicated that premiums would go up for next year’s Flood policies.
The Board voted unanimously to elect the coverage that Joann quoted through Brown & Brown.
Because of the amount of time that it has taken to renovate one of the pool restrooms, Karen has recommended that the 2nd restroom be put on hold until after the summer/pool season. We will instead begin the Dune Walkover project.
There being no further business to bring before the Board, the meeting was adjourned at 11:05am.
LCAM – La Grande Provence