Agenda for 2010 Sunland Division 17 Annual Meeting

August 3, 2010

10:00 a.m.

Sunland Golf and Country Club Poolside Banquet Room Sequim, Washington

Agenda For The 2010 Sunland Division 17 Annual Meeting

  1. Call to Order
    • Purpose of the Meeting, introduction of Board and others present
    • Verification of Quorum
    • Opportunity for comment at conclusion of meeting
  2. Old Business
    • Approve minutes from 2009 Annual Meeting
    • Reminder that By-Laws were amended last year to allow electronic notification of Annual Meetings and Special Meetings
  3. New Business
    • Insurance Requirements for Association, Policy renewal
    • Determine full replacement value per 18.1 (a) of CC & R’s
    • Insurance appraisal per 18.2 (f) of CC & R’s
    • Election candidates-nominate in writing by August 21, 2010
  4. Members Report: YE 2009 review, YTD 2010; Member count is 101 Reserve balance in CD’s, Reserve Study; discuss proposed Budget for 2011, determine any assessment increase and effective date.
  5. Other items that may become before the Board.
  6. Adjourn

DISTRIBUTION:

Kevin Estes
Lee Cox
Kris Osborn
All owners of record 7-1-10

Review Insurance Requirements for the Association

  1. Review renewal policy with CAU. Policy is issued on a three year basis at a guaranteed three year rate. 
  2. See Section 1 (a) of CC & R’s, attached. Determine replacement value of the units and all personal property in the Common Areas.

Insurance company issued policy at Guaranteed Replacement Cost, see attached. Deductible is $5,000.

 Discussion with Declarant determined these amounts are estimated to be reasonable.

 Annual premium is $35,162.

 Earthquake coverage is included in May 2009 policy with CAU. Limit of Insurance is $33,525,000 with a 10% per building deductible.

 Directors and Officers policy remains in effect with Travelers.

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