Issues discussed at the 10/16/05 owners meeting

* Almost total lack of communication to the Harborview owners from the present board since its inception, including its designated management company.

* Recognition by the Board that they are not the owners of the property and therefore have an inherent duty to respect the wishes of the majority of the collective owners and to proceed accordingly.

* Repair vs. Replacement by way of redevelopment into a, “Marina Towers” like, high rise whereby the existing Harvorview owners would furnish the property and the proceeds of the insurance settlement to a developer who would in turn guarantee replacement condo units to existing owners at no additional charge in a 15 story replacement building.   Developer to offset the shortage of funds from existing owners by selling the remaining floors at a profit.

* Use of a Certified Public Adjuster in order to make sure we get all that is available from the insurance provided adjuster.   A contractor in attendance warned that if this is not done Harborview will get less than what is due.

* Required permission, proper protocol, and right of access to property by Owners and designees of the Board

* Right to be present during inspection by insurance adjuster.

* Right of owners to remove any and all belongings prior to any stripping out of units.

* It may be obvious, but no order to remove contents or to vacate has been issued to the owners.  Can owners, in order to save on costs of storage, leave some items in their unit or in storage containers on the balconies during repairs if reconstruction is to take place?  If not, then by what theory would it be enforced?

* Contractors should be required to reinstall any crown molding or special cabinetry installed rather than performing wholesale destruction of these expensive items.   Likewise for any and all appliances not damaged by the hurricanes.

* Each and every owner is to be consulted by any contractors planning to do work within their unit prior to commencement of same and give approval by way of owners’ signature on the work order.

* Recognition by the Board that the Budgeted condo fee structure represents both fixed and variable expense components.   As the current activities are insured activities and the regular day to day expenses related to the occupancy of the building have been suspended it seems to be the consensus of the owners that a reduction of condo fees are in order for them to justify continuing to pay them.

* All owners to receive detailed month end financial statement prior to the hurricane and every month afterward until replacement or reconstruction has been completed.   

*  Due to relocation and problems with mail delivery, the preferred method of distribution of information is by email or web postings.

Rev. 10/18/05