10th Annual Condo & Townhome Summit
Friday, October 15, 2021
8:00 am – 12:00 pm CST
Golden Valley Country Club
7001 Golden Valley Road
Golden Valley, MN 55427
Brought to you by:
Todd Walter
Regional Executive Director, PE, PRA, RS
Reserve Advisors
Sean Kent
Senior Vice President
FirstService Financial
Agenda
7:55 am
Welcome & Introductions
Jeff Johnson, Minnesota Real Estate Journal
Andrew Gittleman, FirstService Residential – Emcee/Moderator
8:00 am
Structural Integrity of Buildings
Mark Chauvin – Wiss, Janney, Elstner
Brian Erickson – Pie Consulting & Engineering
Kent Jones – Encompass
Daniel Murphy – Meyer Borgman and Johnson
- Building Construction; Wood Frame, Joist/Beam and Concrete/Steel
- Different Types of Inspections; Visual/ Destructive/Core Sampling
- Major Building Components; Parking Ramp, Building Envelope, Decks/Railings, Roofs and Swimming Pools
9:00 am
Replacement Reserve Plans, Maintenance Plans and Loans
Andrew Ahrensdorf – FirstService Financial
Curt Isernhagen – Encompass
Todd Walter – Reserve Advisors
- Statutory Requirements Under Minn. Stat. Chp. 515 B
- Reserve Plans: Whether to Fully Funded or Not; Special Assessments; Limited Common Elements
- Use of Building Experts To Develop a Meaningful Maintenance Plan
- Preventative Maintenance Plans; What is Required and Different Types of Plans
- Impact of Deferring Capital Projects; More Damage, Safety Considerations and Increased Costs
- Funding Options; Dues, Special Assessments and Loans
10:00 am
Insurance
Sean Kent – FirstService Financial
Jeffrey Mayhew – American Family Insurance
Eric Skarnes – Insurance Warehouse
- State of the Insurance Market In Minnesota
- Who Are the Major Carriers in the Twin Cities Market at This Time?
- How is the Industry Changing?
- Building Coverage; Bare Walls, Original Spec and All In
- Different Types of Policies; Property, Liability, D&O, Umbrellas, Cyber, Workers Comp
- Policy Deductibles; Per Occurrence or Per Unit
- Personal Insurance Policies (HO6); Loss Assessment Coverage
11:00 am
Legal Issues: Avoiding Board Member Liability
Einar Hanson – Strobel & Hanson
Dave Hellmuth – Hellmuth & Johnson
Brenda Sauro – Sauro & Bergstrom
- Standard of Care and Protections: The Nonprofit Corporation Act, Common Law and Insurance
- - Safe Harbors for Fiduciary Duties
- - Qualified Immunity
- - Statutory Indemnification
- - Business Judgement Rule
- - Directors and Officers Insurance
- Specific Problem Areas:
- - Establishing and Implementing Building Maintenance Plans
- - Best Practices for Implementing Large Capital Projects
- - Resale Disclosure Requirements: What Needs to be Disclosed and When
12:00 pm
Adjourn
10th Annual Condo & Townhome Summit
October 15, 2021
In Person Registration $99
Virtual Registration $99
Golden Valley Country Club, 7001 Golden Valley Road, Golden Valley, MN 55427
Program Starts 7:55 am
Program Ends 12:00 pm
4 hours of real estate continuing education has been approved the Minnesota Department of Commerce for this course.CAI Minnesota Chapter has been approved for CAMICB continuing education credit. This course has been approved for 4 hour(s) of continuing education.
Registration
No refunds 72 hours prior to event. Requests for refunds will be granted up to 72 hours prior to the event.
No refunds, exchanges, or transfers within the 72 hour window leading up to the event, except where prohibited by law.
Contact Us for More Information
Jeff Johnson
Chief Executive Officer
612.819.0385
Jay Kodytek
Senior Vice President
952-405-7781
Abby Lestin
Event Coordinator
713.249.0242
We are always looking for speakers who represent diverse populations.
Please help us out by volunteering to speak or introduce us to anyone who you think would be a good fit.
Send to jeff.johnson@rejournals.com or jay.kodytek@rejournals.com