March 28, 2006

Meeting Time

The meeting was called to order at 7:05 PM

River North Commons (RNC) Board Members

Debra Siena
Bruce Howard
Rick Edel
Dave Desser
Craig Halverson

Eric Fordyce - Phoenix Rising
Erich Steneck - Phoenix Rising

NOTES / MOTIONS

1. The minutes of February 28, 2006 were approved.
2. Treasure’s report
   1. The Financial Dashboard has been posted on the website.  Currently budget items are divided by 12.  Next month budgeted items will be allocated to the month reflecting expected occurrence of expense.
   2. Delinquencies are up.  Four owners are over $1,000 delinquent.  The process of pursing delinquencies is being tightened up with the management company.  The 10-day notice letter has been revised to better reflect the consequences of not getting current.
3. Old Business
   1. Masonry Capital Repair
      1. Repair is to begin on both buildings in about 2 weeks
      2. There will be a door drop to detail work to be done and schedule to be followed.
      3. There will be regular e-mail updates so please sign up through the web site to receive them.
   2. Superior cab light.  The light is scheduled to be installed in about 2 weeks.
   3. Dry Wall Repair Procedures.  A memo will be distributed soon, which will detail how to determine financial responsibility for drywall damage caused by leaks.  Owners will be required to show proof of  insurance to cover any liability caused by leaks.
   4. Frederick Snow Removal.   We have been served with a lawsuit to collect a bill, which is in dispute, from the winter of 2004 – 2005.  We are working with our lawyer to prepare a response to the suit.
4. New Business
   1. Scavenger Proposals. 
      1. A cancellation notice has been sent to Roy Strom
      2. Motion made, seconded and passed that a contract be signed with Premiere Waste at an amount not exceeds $962/month.
   2. Security Camera      A motion was made, seconded and passed to install a security camera at the entrance from the garage to the Superior Building.
   3. Hallway Door Proposal    A motion was made, seconded and passed that a door be installed in the hallway between the management office and the garage doors.
   4. Loading Dock Exhaust Proposal    Phoenix Rising was instructed to determine the effect of installing the hallway door on fumes from the garage entering the building.
   5. 2006 Landscape Agreement.   A motion was made, seconded and passed to accept the proposed landscaping contract for 2006
   6.   Windows will be washed spring and fall this year.
5. Committees
   1. The decorating committee is meeting the first Monday in April.  About 11 people have indicated interest in joining the committee
   2. Web Site:  The Social Committee is active helping people get signed for e-mail access.

The meeting was adjourned at 8:15 PM