Summary

•Schooner Bay is a 62 unit luxury condominium complex located in the popular Gallows Bay area of St. Croix, USVI.

•The property was developed between 1987-1989

•Schooner Bay suffered losses during an historically unusual series of 3 hurricanes between 1995-1999.

•After each storm, extensive hurricane damage mitigation improvements were made with the largest investment made after the most recent storm, Lenny, in 1999-2000.

•The purpose of this web site is to provide for prospective insurers, an independent summary and documentation of the over $300,000 in Hurricane damage mitigation improvements made on the property in recent years. The site contains an inspection report from an independent builder, Solitude Design and Build, verifying the improvements along with tables summarizing Solitude’s inspection on a unit-by-unit basis. Sample photos of all improvments and manufacturer’s test results for both hurricane windows and hurricane shutters are also included. A site plan showing building locations, distances, and elevations between buildings is provided.

•The additional reinforcement recommendations made in the builder’s inspection letter of March 1, 2004 were completed in 2003. See builders inspection letter dated December 3, 2003 and additional photos.

•Additional roofing improvements and reinforcements, totaling $115,000 were made, on all seven buildings plus the pool house and office, beginning in the second half of 2004 with scheduled completion by May 1, 2005, including replacement of all batten strips, taping and coating all overlapping galvanized joints, patching and encapsulation of screws with deteriorated or missing rubber washers together with caulking, foaming, and patching wherever needed. Additional screws added where necessary. Roofs were or will receive complete surface preparation, priming and recoating with two coats of Weather Barrier roof coating to Manufacturer’s specifications and warranty requirements. See photos.

•All of the improvements are designed to substantially reduce the risk of future losses.