Property Repairs Wrapped Up
It has been an incredible community effort and a success story which has spanned three boards and four years.
The journey began with Laura Samford who spearheaded the 2017 lawsuit against Peleus Insurance Company (now Argos) seeking compensation for hail and storm related damages to the community infrastructure. Laura, John Dickey, Casey Bergen, and Lori Jo Ball (CMA) recruited a Houston law firm specializing in storm related insurance claims (Andrew Slania of Raizner Slania LLP) which ultimately brought in a $2,218,013 insurance settlement for the community.
Ty Abston secured a $900,000 construction loan in 2018 from Mutual of Omaha with very favorable terms (4.9% interest) to pay down a prior construction loan and to fund the startup of the repair work while a settlement was being negotiated.
Mica Lunt spent countless hours managing the construction crews and coordinating with homeowners and the general contractor (Rip Tide Construction Co., Written in Stone Contracting, GreenLeaf Roofing).
It's a good example of a community pulling together and repairing an aging property and of the dedicated homeowners going the extra mile for the greater good of their community.
Other articles on this project can be seen here.
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