Laguna Woods Village condo board delays projects to bolster reserve fund

The Third Mutual Board voted to reduce funding for or eliminate nine projects from this year’s budget, reallocating $1.8 million to Third Mutual’s reserve fund as the board acclimates to current COVID-19 conditions.
“There is no intention of not getting this work done — we’re just delaying it,” finance committee chair Jon Pearlstone said in the board’s regular meeting on Tuesday, May 19.
For items directly affected by COVID-19, funds will be redirected t