June 19, 2001 - 6:00 p.m.

1.0 Meeting was called to order at 6:05 p.m.

Members present: Debra Siena, President (DS); Suzi Wirtz, Secretary (SW); Shawn Mansfield (SM); Dave Fellinger (DF). Members absent: John Robertson, Treasurer (JR).

Management company present: Patti Krol (PK); Pasquale Guerra (PG).

2.0 Consent Items

2.1 DS and SM expressed concern to PG and PK about the heating/cooling systems in the hallways and fitness center. PG will investigate asap.

2.2 DF will draft a survey to be sent to all residents prior to the next board meeting requesting input on security needs and preferences. Titan Security company provided the Board with three various proposals of security options, which will be incorporated in to the survey.

2.3 An attorney will be asked to review the cable services contract before the Board will move forward on this issue. Management company expressed concerns, and the Board wishes to address those with an attorney.

2.4 The Board discussed the remaining rules and regulations recommended by the Rules & Regulations Committee. Again, the Board commends the committee on its hard work and extensive list of rules for the building.

2.5 The next regularly scheduled Board meeting will adhere to the following schedule:

6:30 – 6:45 pm Open Forum

6:45 – 8:45 pm Board meeting

8:45 – 9:00 pm Open Forum

9:00 pm Executive Session, open to Board members only

2.6 The Board put into place assessment collection procedures, including letters to be sent by management company for delinquent accounts, when the account will be turned over to an attorney, and finally a collection agency. Residents should be aware that these procedures will be followed strictly and without delay every month. Late fees will be charged, if necessary, without exception. Assessments are the lifeblood of an association’s funds and, therefore, need to be paid consistently and in full.

2.7 There will be a River North Residents Association meeting on July 10, 2001 at 7:00 p.m. at Reza's restaurant. Everyone in the neighborhood is encouraged to attend for an update.

3.0 Action Items

3.1 SW motioned that all rules discussed and amended be put in place immediately as temporary rules. SM seconded. Motion passed. The rules will be distributed to all residents within two weeks.

4.0 Meeting was adjourned at 8:25 p.m.

5.0 The next board meeting will be held on Monday, August 6, 2001 at 6:30 p.m. in the fitness center on the 1st floor, Superior side at River North Commons.

Respectfully submitted,
Suzi Wirtz
June 22, 2001