Program Schedule
2E Reserve Studies and Building Envelope Condition Assessments: What You Need to Know Now to Avoid Future (Financial) Surprises Presented by Benjamin Borland, CIT, CCSMTT and Dave Gramann, Amento Group, Jim Talaga, RS, and Karen McDonald, CMCA, AMS, PCAM, RS, Association Reserves WA
Reserve funding levels are not mandated by law, but many documents require “adequate” reserves. Can you say with confidence that your reserve funding level is adequate to cover all of your current and future expenses? What if your reserve account is in the low-risk range, but hidden damages are discovered which significantly increase the cost, and trigger a special assessment? Could the association have avoided these extra costs by identifying hidden damages and conditions early, and repairing them before they caused additional damage? Alternatively, what if your association is preparing for a large project (such as siding replacement) based solely on the age, but you are unsure of the timing and wisdom in proactive replacement? Do you really need a project consultant, and to conform with the requirements set forth in RCW 64.55 for rehabilitative construction?
“An ounce of prevention is worth a pound of cure.” This session will discuss how your association can utilize reserve study updates and periodic building envelope condition assessments together to properly fund for ongoing maintenance, repair and replacement of the association’s assets. We will discuss the differences between the two types of evaluations, and how lessons from the past should lead us forward.
12:30 - 2:15 p.m. Networking Luncheon & Exhibit Hall
2:15 - 3:30 p.m. Concurrent Sessions:
3A WUCIOA – The Basics to Adoption, Budgets, Reserve Studies, and Compliance Presented by Ken Harer, CCAL and Valerie Oman Farris, Condominium Law Group, PLLC
We will discuss its application to new and existing communities, and what communities are exempt from WUCIOA due to size or use. We discuss the two provisions that are applicable to existing communities, and the process provided to allow communities to adopt WUCIOA with only 30 percent of their community voting. We will also discuss the most significant “pros and cons” of an existing community adopting the act, including changes in how the community is governed (meetings, notice, voting) and the rights and obligations of owners and the association (liens, collections, restrictions on use, attorney fees, assessments, etc.). Suitable for all community types.
3B Insurance 101: Understanding an Association’s Coverage Responsibilities Presented by Duncan Kirk, CIRMS, HUB International NW & Daniel Stein, Esq., Stein, Sudweeks & Houser
Understanding the Association’s insurance coverage is paramount to protecting the interest of the owners. This seminar will discuss the type of insurance Associations are required to carry, common provisions in governing documents related to insurance, and when Associations are required to submit claims for damage to common elements and interior units.
We will demystify the coverage provided by insurance policies and discuss whether it’s reasonable to look to your policies for coverage for earthquake, fire, windstorm, rain, pipe leaks, and other common sources of damage to condominiums. We will provide guidance, answer questions, and walk attendees through the multi-stage steps of an insurance claim including the claim submission, insurance investigation, claims decision, and what must be done with insurance recovery under the governing documents and terms of the policies. We will also discuss whether there is any obligation to pursue claims that have been denied.
3C Zero Lot Line, Site or Air Space Condominiums Living in and Managing an Association Comprised of Cubes of Air Presented by Melissa Musser, CMCA, AMS, Trestle Community Management & Ken Strauss, Esq., Flanagan Strauss, PLLC
In today’s fast paced construction and home building climate, to overcome traditional regulatory hurdles, more and more home builders are constructing Associations of “Air Space Condominiums”. Unlike a traditional garden style or midrise condominium unit where the boundaries are the walls, floor and ceiling of the unit, an Air Space unit is comprised of boxes of space. Instead of wood and drywall, the walls of these units are planes in space, shown on the survey map and plans for the project. As a result, the Unit may include the home, exterior landscaped areas, and any other structures, fixtures, equipment or appliances lying within the “air-space” boundaries. Owners, board members and association managers are often faced with conflicting information regarding FHA approval, coordination of master insurance coverage and how condominium defect laws and four-year statutory warranty provisions are applied to these “house-condos”. Come learn more about the pros, cons, pitfalls and benefits to this type of association.
3D Board 101 – Minute by Minute Presented by Paul D. Grucza, CMCA, AMS, PCAM, CWD Group, Inc., AAMC
Minutes can be the bane of any association’s volunteer Secretary but there is an essential need for this critical document. Minutes within association’s have numerous impacts on them and there is an art to development of sound, legal, quality minutes. Come and learn some of the important elements of this essential association record, hear stories of minutes gone amuk and leave with a renewed sense of importance for this critical work undertaken by the association.
3:30 p.m. Exhibitor Drawings and Scavenger Hunt Winner Announced
Reception Sponsored by CDK Construction Services, Inc., OAC Services, Inc. & PRIME
705 Pike Street • Seattle, WA 98101-2350
Tel: 206.694.5000
Driving Directions Go to
www.wscc.com and click “Directions and Parking”
Managers
CA Day attendance qualifies for four (4) continuing education credits for your CMCA.
WSCAI “Suitcasing” Policy
CAI has a no-tolerance policy regarding “suitcasing,” which describes the practice of non-exhibiting companies or individuals soliciting sales or sales leads, and/or representing their services or soliciting seminar participants for conflicting social activities. Non-exhibiting business partners participating in the seminar as attendees or speakers are prohibited from soliciting business in or after sessions, or in the seminar location.
Violators of these policies will be ejected from CA Day if applicable, and charged $1,000, which must be paid prior to registering as an attendee, exhibitor, or sponsor at any future CAI events.
Reminders
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