A Mariner House Board of Directors meeting was held via telephone conference call on Wednesday, April 12, 2023. Bill Hathaway, Gloria Kunz, Eileen Fox, Bob Vanasse, Kerrric Harvey and Bill Hathaway attended. A quorum being present, the meeting was called to order at 6:01PM. Tracy Canty also participated.
PROPERTY MANAGER REPORT
- Island News:
-Things are picking up. Plans in place for Daffodil weekend at the end of the month.
-Stars Ice cream shop has undergone extensive renovations and will have a restaurant, fish store and sell ice cream .
-The Beach Side Resort is expanding. A new pool will be installed, additional guestrooms to be built, and a restaurant which will serve guests only.
-The Brotherhood plans to include music in the Beer Garden, which has upset near-by neighbors.
-Renovation of Columbia kitchen is complete; awaiting knobs for cabinets. This project is approximately $ 6000 over budget because of price increases and the rebuilding of the retaining wall.
-Repair of the India Street foundation side will begin shortly.
-Spring deep cleaning of all units is being done.
-No progress on foreclosures on C12,13,and 20; D13, F13 and E23.
OLD BUSINESS
- Questions remain regarding building insurance. As previously noted, the previous cost to increase coverage is no longer valid because insurers are increasingly reluctant to insure any coastal properties. After meeting with Tracy, Susan Dragon submitted policy requests to three different insurers for $3MM (Mariner House is currently insured for
$ 2.5MM). To date, none has responded. Susan continues to follow up. The Board is committed to do its’ best to evaluate options to provide the best and most comprehensive insurance for Mariner House, including the possibility of replacement value assessment in the future.
NEW BUSINESS
- Board meetings via Zoom will be discussed at the next meeting.
There being no further business, Bob Vanasse moved to adjourn the meeting, seconded by Kerric Harvey, and passed unanimously. The meeting was adjourned at 6:54PM.
A special board meeting will be held to further discuss insurance options on receipt of bids.