Older Condos Part II: The Four C’s of an Effective HOA Board
Robert Nordlund from Association Reserves along with Julie Adamen look at the Four C's of an effective HOA in "Older Condos Part 2" Webinar.
Here is the Board response with two subject matter experts addressing your current homeowner, board member, and manager concerns stemming from the recent tragic building collapse in Florida.?
Learn what you need to know to present an effective Board response (the 4 C’s of an effective board) and budget response (Reserve strategy), so you can respond appropriately, making the present less stressful and the future more secure. Sharing their expertise and answering your questions will be Robert Nordlund, PE, RS of Association Reserves and Julie Adamen of Adamen, Inc.?
The tragic collapse of Champlain Towers South, a 12-story condominium association in Surfside, Florida, attracted the attention of the entire country. The aim of Association Reserves is to assist associations in efficiently responding to the unique issues of preserving properties as they age, in the face of so many unresolved questions regarding what caused this tragedy.
What occurred at Champlain Towers South cannot be changed. However, we must consider whether there is anything to be learned from that tragic event that will enable us to all perform better in our associations. Together with Robert Nordlund, PE, RS of Association Reserves, management expert Julie Adamen addressed the four C's of effective board behavior and shared her insights on how to keep an eye on the figures that matter and learn about the association's overall physical and financial state.
Q: What do you expect should be post-Surfside changes??
A: Increase your communication as necessary. Raise assessments as necessary.
Q: How can we get a copy of the letter the Champlain Board sent out??
A: Here is a copy of the 2018 engineering report. Read the board president’s April 9, 2021 letter to the homeowners here.?
Q: Any advice about how to move a board from day-to-day management to big picture concerns? Our HOA has 144 members.?
A: Place emphasis on the duty of the Board, which is to preserve, protect, maintain and enhance the community not only for NOW, but in the future as well. Champlain Towers South has brought this into stark relief: As Board members, it is your duty to help the community prepare for the future, financially and physically.
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Q: Can all board members be present for a town hall meeting, and who runs the meeting??
A: Yes! It is an open forum, not an official meeting where business is conducted. It is appropriate for the board to run the meeting, keeping it orderly, timely, and effective.?
? Is a Reserve Study right for you? ?? https://www.reservestudy.com/
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Morabito engineering report:?https://www.townofsurfsidefl.gov/docs/default-source/default-document-library/town-clerk-documents/champlain-towers-south-public-records/8777-collins-ave---structural-field-survey-report.pdf?sfvrsn=882a1194_2
Board April 9 2021 letter:?https://int.nyt.com/data/documenttools/champlain-towers-south-condo-letter/b2a6e0b0ac7cf1ec/full.pdf