1999-08 Insurance Deductible

Eagles Bluff Village 14 Homeowners’ Association
Resolution #1999-08 Insurance Deductible

The Board of Directors of the Eagles Bluff Village 14 Homeowners Association (“Association’s hereby approves of the following contract:

WHEREAS, the Subject Properties in the Association are under jurisdiction of the Declaration of Covenants, Conditions, and Restrictions (CC&R’s) for the Association; and

WHEREAS, Covenants, Conditions and Restrictions (CC&R’s) of the Eagles Bluff Village  14 Homeowners Association, recorded at Docket 9607 at Page 2275, gives the Board of  Directors the power promulgate rules and polices for the operation of the Association; and

WHEREAS, the Board of Directors wishes to control its insurance costs which might aris  from individual homeowner claim against the Association’s insurance policy; and

NOW THEREFORE, BE IT RESOLVED THAT a homeowner filing a claim against the Association’s insurance policy will be responsible for the deductible portion of the claim.  Unless waived by the Board of Directors.

Confirmed this 20th day of September 1999 at a meeting of the Board of Directors.