August 26, 2002 - 7:00 p.m.

1.0 Meeting was called to order at 7:03 p.m.

Board members present: Debra Siena, President (DS); Suzi Wirtz, Secretary (SW); Dave Fellinger (DF). Management company present: Donna Welzien (DW).

2.0 Consent Items

2.1 Minutes from the July meeting were approved.

2.2 Tuckpointing and leaking issues are still being investigated.

2.3 Façade study deadline may be extended to December 2003.

2.4 An engineer from The Building Group (TBG), Luis, was a guest at this meeting. He recommended that we do a portion of the façade study now and then later in the spring. There are currently four bids obtained for the critical study. The Board will review the four bids in detail.

2.5 For residents with leaks, the Board is doing everything it can to come to agreement with Enterprise Development Company as to who will fix the leaks, who will pay for repairs, etc.

2.6 Neighborhood update by DS. We are in need of another CAPS representative for our building. Any resident, please contact the Board for details.

2.7 Financial report by DS. Less than 8 percent bad debt from resident assessments. This a much less percentage than one month ago. Year-to-date, we are ahead of our operating budget and have $209,000 in reserves.

2.8 2001 taxes are being reviewed.

2.9 23 RNC unit owners saved money on their taxes due to the Board’s collective appeal for all residents. Those 23 unit owners will be billed for the cost to the Board to conduct the appeal.

2.10 Owner resident forms were distributed by TBG and need to be turned into DW asap. The form is needed in case of emergencies.

2.11 RNC rules and regulations must accommodate the new insurance law effective in June 2002. DW to follow up and get all details and recommend alterations to the Board.

2.12 Security cameras have been a top priority for the building. There is a company that is comparable to all others, but $10,000 less than competing bids, and this company offers a longer warranty. There will be 10 cameras installed and TV monitors at each security desk and the management office. There is digital back-up with this company, so no videotapes are necessary.

2.13 There was a suggestion that residents have a keychain or some type of identifier so the security guards know they are residents at a glance.

2.14 The will be a bylaw change proposed, to be voted on at an upcoming meeting. The bylaw change will call for staggered two-year Board terms, thereby ensuring continuity and eliminating all Board members from vacating office simultaneously.

2.15 Committee reports were given. Decorating and ground committee asked for a sum of money to upgrade the two entryways with more attractive lighting fixtures, benches, and classier address numbers. The Web site committee is updating servers to offer better capabilities, more options, etc. The social committee is putting out a monthly newsletter that will be available on the Web site or at either security desk. The committee now offers a Third Thursday Happy Hour for all residents to enjoy. Details will be in every newsletter and on bulletin boards.

3.0 Action Items

3.1 DF motioned that an amount not to exceed $75,000 be used within the next 18 months for a façade study. The work will begin within the next 30 days, pending the September vote of extension. SW seconded. Motion passed.

3.2 DF motioned that Skyline Company clean all stairways, including stairwells, for an amount of $1800. DS seconded. Motion passed.

3.3 DF motioned to approve ISS to install security cameras within four weeks at a cost not to exceed $26,000. SW seconded. Motion passed.

3.4 DS motioned to approve the $6500 expense to improve the entryways per the design committee’s proposal. SW seconded. Motion passed.

4.0 Meeting was adjourned at 8:15 p.m.

5.0 The next meeting will be the Annual Meeting and Board elections. It will be held on October 21, 2002 at 7:00 pm in the Party Room on Huron side.

Respectfully submitted,
Suzi Wirtz
August, 2002