Kiawah Island Digest October 2017

October 2017 D I G E S T The Official Publication of the Kiawah Island Community Association Supplemental Assessment Being Collected for Tropical Storm Irma Recovery Costs Once the rain stopped, the wind calmed and the flooding subsided, the damage from Tropical Storm Irma was apparent. Though Kiawah fared well overall, it did experience the worst storm surge since Hurricane Hugo. Damage was worse than Hurricane Matthew last October in some ways, especially on the roads and trails. The pictures above and on the following page provide a glimpse at just how severe this storm surge was. KICA staff began clean up and repairs after the storm passed and, due to their skill and diligence, the island is returning to normal. Immediately following the storm, the KICA Board of Directors held a special meeting for the sole purpose of discussing storm recovery. Staff reviewed initial damage assessments, as well as preliminary estimates on cost. The board then discussed and reaffirmed KICA's Named Storm Policy, which calls for an assessment of members to cover these unbudgeted expenses. The total restoration costs for Irma are projected to be $1.1 million. This will result in a supplemental assessment of $225 for each developed residential property. Owners of undeveloped lots will pay half that amount. Commercial property owners, including the resort and developer, collectively pay more than $130,000. The formula for calculating assessments is dictated by KICA’s governing documents (article V, Covenants for Assessments and Reserve Funds), and is not based on the value of each property. At the time of publication, the assessment was expected to be mailed to members in early October and payable within 30 days. KICA Chairman of the Board Dave Singer appreciates that some members have expressed disappointment in having to pay another assessment. “Incurring assessments in two successive years for storm recovery is frustrating, but owning real estate on a barrier island does come with the risk of storm damage. Despite the need for recovery assessments the last two years, Kiawah dodged two major bullets, as Irma came in with less intensity than initially projected, and Matthew struck a glancing blow at low tide. Either storm could easily have inflicted greater and more costly damage. Puerto Rico, South Florida and Houston show the level of devastation that can be wrought by a hurricane. We’re thankful to have enjoyed over 25 years without a storm assessment prior to 2016, and that the two recent storm assessments have both been less than the average round of golf on Kiawah.” Advance and Recovery Planning KICA was able to begin recovery efforts quickly because the association annually negotiates rates and contracts with a number of recovery specialists in advance of storm season. Key staff members meet daily as storms approach to discuss and implement preparation. Some staff members remain on- island for as long as safety permits, communicating about and attending to situations as they arise. They return to the island as soon as it is safe, to begin opening roads and securing unsafe areas. Continued on Next Page...