April 16, 2002 – 7:00 p.m.

1.0 Meeting was called to order at 7:05 p.m.

Board members present: Debra Siena, President (DS); Suzi Wirtz, Secretary (SW); Shawn Mansfield (SM); Dave Fellinger (DF). Management company present: John Donovan (JD) and Pam Yokoyama (PY).

2.0 Consent Items

2.1 CAPS update by Perry Smith.

2.2 Financial review of March P&L statement. Reserve balance is at $163,824.

2.3 In the last two financial statements from Enterprise Management Company, there were several charges that the Board discovered to be either duplicates, incorrect amounts, or not for River North Commons. The Board will be sending another letter to Enterprise Development Company and will include copies of the bills for Enterprise’s records. No payment will be made for those inaccurate charges.

2.4 DF worked with JD to obtain a new security company beginning May 15, 2002. The level of service will be higher than we were experiencing with Titan Security, however, the hourly rate will actually be lower than what we were paying. The head guard is Conrad and he will be stationed on the Huron side.

2.5 Roof leaks were discussed. TBG is following up on these issues. Again, residents are strongly encouraged to put everything in writing to Enterprise Development Company, to the attention of Ron Shipka, Sr. Enterprise DEVELOPMENT Company is still responsible for any development issues residents may have. This includes punchlist items. Send written correspondence to EDC, 710 W. Oakdale, Chicago, IL 60657 or fax to (773) 348-1271, and follow up consistently.

2.6 SM is pursuing Neil on the cable dish issues.

2.7 Window washing was to be completed the week of May 13, 2002. As of the end of that week, the Superior side had not been done and the Huron side was not completed. JD will follow up.

2.8 The board approved the purchase of new fitness center mats and accessories. Additional pieces of equipment will be discussed at future meetings

2.9 A call for committee volunteers was sent around to all residents. Interested parties should contact any member of the Board. Committees include: Decorating, Web site, Social, and Building & Grounds.

2.10 A new sewer was installed on the Superior side of the building.

3.0 Action Items

3.1 Minutes from March meeting were motioned for approval by SM. DF seconded. Minutes were approved.

4.0 Meeting was adjourned at 7:45 p.m. The next Board meeting will be on Monday, May 20 at 7:00 pm in the fitness center.

Respectfully submitted,
Suzi Wirtz
May, 2002