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
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
Central Roofing Company
Services Provided
Commercial Roofing, Preventative Maintenance, Architectural Sheet Metal, Waterproofing, Service & Repairs, 24/7 Emergency Response
Company Description
Central Roofing Company is a nationally-certified woman-owned and operated private corporation based in Minneapolis, MN. Established in 1929, the company has more than 200 union employees. Central Roofing Company focuses on projects for commercial roofing, repairs and exteriors service, waterproofing, sheet metal and architectural wall panels. Home to the largest commercial roofing service fleet in Minnesota, Central Roofing Company offers 24/7 emergency response as well as extensive preventative maintenance options. For more information, visit www.CentralRoofing.com.
FirstService Residential Minnesota
1015 Glenwood Ave. North, Suite 100
Minneapolis, MN 55405
952.277.2700
Services Provided
Property management, Accounting, Insurance, Capital project management, FHA/VA certification, Insurance claims, Re-sale documents, Collections, Board Member training, Financial services, Vendor/Contractor oversight, Legal compliance, Administration/Consulting
Company Description
FirstService Residential is the leading property management company in Minnesota partnering with over 600 communities throughout the Twin Cities. Condos, townhomes, cooperatives and single-family home master planned communities rely on our extensive experience, resources and expertise to maximize their property values and enhance their residents lifestyles.
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 [email protected] or [email protected]