Agenda for 2011 Sunland Division 17 Annual Meeting

August 2, 2011

10:00 a.m.

Sunland Golf and Country Club Poolside Banquet Room Sequim, Washington

Agenda For The 2011 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 2010 Annual Meeting
    • Status of open space purchase by Sunland Division 17 OA
    • Status of transfer of roads in Sunland North to Clallam
    • Status of water meter and splitter installments in Sunland North.
  3. New Business
      • Nominations for elected position of the board due to Sunland Division 17 Owners Association by September 1, 2011 by mail to O. Box 1655, Sequim, WA 98382 or email ownerinfo@sunlandnorth.com.
      • Anticipated transfer date of Sunland Division 17 Owners Association from Developer to Owners to occur in Next transfer of responsibilities will be Administration and Accounting functions to third party.
      • Exterior maintenance update: Pressure washing of tile roofs is necessary maintenance recommended from the roofing manufacturer.
  4. Members Report: YE 2010 review, YTD 2011; Member count is 103 Reserve balance in CD’s, Reserve Study; discuss proposed Budget for 2012, 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 7-27-11

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.
  1. 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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