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Meeting TUESDAY, April 16th, 2018, 5:15pm
Board Members: Lauren Dame, Jean Kern, Hal Dillon, Clyde Horn, Jesse Fittipaldi
BMC Personnel: Diane Sollinger, Tom Weaverling
Owners: Phyllis Fisher, Esther Konop, Dorothy Quirk, Barb Bombaugh, Bill Bombaugh, Rebecca Humble
Opening Cash Balance 3-1-19 $10,238.71
Closing Cash Balance 3-31-19 $2,249.96
(*due to insurance payment ($10,870.88) and Great Price Construction initial payment ($9,678.14) for waterproofing phase of the garage project no Reserve transfer was made in March.)
MTD Actual $32.367.74
YTD Actual $92,469.15 in budget guidelines
MTD Actual $23,854.35
YTD Actual $75,180.06 in budget guidelines
March Opening Balance $253,477.36
March Closing Balance $253,532.91
Report Approved unanimously
Unit owner asked for reversal of late fee due to new management company error. Approved unanimously.
Walkaround rescheduled due to rain – Next Monday, email invitations to all owners will be sent.
2 CPAs have been asked for bid to review our association finances. Expecting responses shortly as tax season is now over.
Start date and schedule posted. Noise level may not be as bad as initially thought [i.e. no jackhammers needed] there will be some very major noise though and it was proposed that a letter to the neighborhood be hand delivered to all the neighbors alerting them to the project.
Working hours are 8AM-5PM.Notice will be sent to all owners/residents weekly until project start.
Cars left on the upper or lower level of parking at start of construction will be towed at the owner’s risk and expense.
We must provide the contractor with their first payment at or before the start date of construction. This will require a withdrawal from the Morgan Stanley account.
Diane suggested the check be made out to BMC and they then would cut a check to the contractor. This keeps all the cash flow information in one report.
A suggested redesign of the walkway and safety system is under discussion. More details along with a reduced cost estimate will be forthcoming soon.
Tuesday, May 21st AT 5:15 PM