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March 25, 2014:
Four Directors Re-elected At This Year's Annual Meeting
At the Annual Meeting of the Shareholders and the election of directors held on March 25, the four incumbent candidates were re-elected to the board for 2014 through 2016 year.
Re-elected to another two-year term were:
They will join the three current directors:
In addition to the election of directors, two major projects were approved by the shareholders:
Thank you to all who participated in this year's meeting and election.
Significant news on flood insurance issue!
The Senate gave final passage to a bill (the House version) intended to curb the dramatic increases that homeowners have recently seen in their flood insurance rates. By a margin of 72 – 22, the Senate approved legislation that caps flood insurance rate increases at no more than 18 percent, while the nation’s disaster agency is charged with finding ways to keep flood insurance affordable. Passage of the House bill Thursday was widely seen as the best course of action to give homeowners some form of immediate relief. The measure now goes to the president who is expected to sign it into law.
As previously reported, this bill eliminates many problems created by the Biggert-Waters Act of 2012 such as:
Weekly communication from Punta Gorda City Council Member Nancy Prafke
March 14, 2014
Commissioner McCarty Encourages Floridians to Purchase Flood Insurance Prior to October Rate Increases
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I Eagle Point Homeowners Inc, 10303 Burnt Store Road Punta Gorda, FL 33950
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