Those in attendance at the Annual meeting on June 20 heard a statement prepared by the Association’s attorney. Some people who were not able to attend have asked to see the statement. It follows.
“The Board wants to make the homeowners aware of an Association insurance coverage matter. Some of you may be aware that a lawsuit has been filed against White Mountain Vacation Village Recreational Subdivision Association by Mr. Standage and Mr. Ellsworth. This lawsuit is public record and must be disclosed by the Association on every sale of property within the Association. The Board will not be making any public statements about the lawsuit while litigation is pending other than the required resale disclosures.
However, homeowners should be aware that the Association’s Directors and Officers insurance policy will no longer cover any future claims made by Mr. Standage due to the number of claims made on the Association’s policy from claims made or lawsuits filed by Mr. Standage. This means that the defense of any lawsuit filed by Mr. Standage will have to be paid for by the Association using homeowner assessments.”
Several people turned in the Annual Meeting Question Form asking varying questions regarding the number of lawsuits, the disposition and costs related to Mr. Standage. The Board will not be supplying answers to these questions. Some of this information is public record and can be found using any avenue available to the public.