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Board Members: Jeff Ackerman (via telephone), Rick Lowen, Giny Landgreen, Clyde Horn, Christi Cooper
BMC Personnel: Diane Sollinger, Tom Weaverling
Owners: Jean Kern, Dottie Kemp, Luther Greulich, Bill Bomball, Barb Bomball
Giny nominated Clyde to run the meeting in Jeff’s absence, approved unanimously.
Agenda for meeting amended to include September Emergency meeting minutes, approved unanimously.
Minutes from September Board meeting and September Emergency meeting, approved unanimously.
Report for the month ending 9-30-17: OPERATING FUNDS: Opening Balance 9-1: $18,625; Closing Balance 9-31:$2,561
Flood Insurance of approximately $13,000 paid in September.
Total YTD Operating Income as of 9-31: $83,249; Total YTD Operating Expenses as of 9-31: $56,249
RESERVE FUNDS: Closing Balance 9-31: $151,436
$22,000 transferred from Operating Funds to Reserve Funds in September
Cost to have carpet installed on the 8th floor is $290.07
Jeff moved the full amount to be paid by owner by the end of April 2018, passed unanimously.
Rental unit lease expires 10-31-17, and a five percent increase in monthly lease payment was presented to and agreed upon by the lessor.
Bill was concerned about the change in the window policy that directly affected a seventh floor unit, as his unit and deck are in the same stack. He and his wife sit on the deck often. Also, Bill requested a copy of the inspection report(s); it was decided that Bill will contact the unit owner directly for the report(s.