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Sea Ranch Club…9/10/08…Board Meeting…Areas Assoc. Meeting …Insurance Info…

SRC Full Board Meeting..9/10/08…9 am…Ocean Room…

Minutes of 7/22/08 were approved…

Pneumatic Restoration bill which exceeded the amount allowed without a full Board vote…for the Building A garage…approved…

New Managers to be Assist. Treasurers …approved

New …Building B Manager Brenda Callahan…

New…..Building C Manager Jim Lanz…will be on the job….9/29/08

Pool Rules Change… approved….with 1 Board member dissenting… the new rules adhering to Fl. State Law…which does not allow age discrimination …thus the change…. after a resident with the knowledge of the state law…and a child under the SRC pool posted age requirements…brought it to the Managers and Board last week …with the real possibility of legal avenues being pursued if SRC did not follow the state law…made this decision…after a concurrence from the SRC attorney….23 pages…of concurrence…

The pool signs will be replaced …all are free to enter the pool…pampers anyone?….condo commandos…stand down!….

The dissenting Board member did discuss the possibility of a kiddie pool…but that would require a vote of 2/3 of the owners due to a change in the common elements…the Board declined the idea..

Meeting adjourned…

Areas Association Board Committee Meeting…right afterwards…

Jonathan …Landscape Foreman…working around the weather delays…with fertilizing..plantings…spraying…and catching up with machine maintenance…taking care of the dog walk…re-sodding…

Broward County Naturescapes Rep. was to come and walk the grounds with some Board members and Jonathan…

C tennis courts was still on hold…weather…workman’s illness etc…

Still awaiting bids on cabana plumbing…week ????

A garage is complete …Pneumatic Restoration…C to be scheduled next…

Bids ongoing for Diamond Bright…

A resident did ask to look into an alternative to Chlorine…an Oxygenation system…http://www.aquasafe-uk.com/ecosmart.html

Building A pool heater is installed….Building A  pool pump still waiting…

A & C pools were found to have a potential emergency problem that could result in the C pool draining out in the garage!…

The Board passed the amount …which was over the limit…to do without bids…due to the emergency circumstances…and discussed the need to raise thew cost allowance for approval by the committee in the future…the amounts have not been adjusted for inflation since 2000…

New signs will also be ordered for the pool and elsewhere…to conform with state law…etc…

B pool framing has been “put to bed”…after 2 letters were read from a construction and a pool company…reiterating the need to keep the casing intact…the problems that could arise from penetrating it to see if there is a problem…and their opinion that the steel is not causing any adverse problems to the pool’s integrity or rust problems…

This writer received the following response from Smith Watson Insurance …9/9/08

Hello Barbara,

You had asked for a copy of the chart showing our Insurance proposal…I didn’t forget…I was respectfully waiting for the Boards decision before sending this out…Nancy sent an email today of the Boards decision to stay with current agency.

Thank you for your time and support…any questions please don’t hesitate to call.

John

John Nordinger
VP Commercial Lines Agent
Smith Watson Parker Insurance

SEA RANCH CLUB CONDOMINIUM ASSN
DEDUCTIBLE COMPARISON

Building Building Current Proposed Current Deductible Proposed Deductible
Address Value Hurricane Deductible Hurricane Deductible All other Wind All other Wind
4900 N Ocean Blvd $100,537,900 $10,053,790 $5,110,618 $3,016,137 $1,000
5000 N Ocean Blvd $ 66,023,799 $6,602,379 $3,016,137 $1,980,713 $1,000
5100 N Ocean Blvd $102,212,352 $10,053,790 $5,026,895 $3,066,370 $1,000
Total $268,774,051 $26,709,959 $13,153,650 $8,063,220 $3,000

SEA RANCH CLUB CONDOMINIUM ASSN
PREMIUM COMPARISON

Policy Type Current Premium Proposed Premium
Windstorm/Property $1,907,043 $1,676,168
Liability $143,373 $65,835
Total $2,050,416 $1,742,003

Advantages of moving to Smith Watson Parker
1) Total Hurricane Deductible Savings of $13,556,309
2) Hurricane Deductible with SWP applies on a calendar year basis vs per occurrence
3) Total All other Wind Deductible Savings of $8,060,220
4) Premium Savings of $308,419
5) No Fee for Risk Management Services
6) SWP Flood Rebate of 10% = $7681 savings
7) SWP is a Preferred Agent with QBE Insurance Co

The SRC Board has decided to stay with our present Insurance Co. and QBE…

BCbythesea…Sea Ranch Club category…previous posts of the process….and concern of QBE…and new Condo Insurance laws….

more to come….

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