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Board Members: Lauren Dame, Mya Johns, Hal Dillon, Clyde Horn, Jesse Fittipaldi
BMC Personnel: Diane Sollinger, Tom Weaverling
Owners: Linda Seymour, Rick Lowen, Nigel West, Phyllis Fisher, Giny Landgreen, Bill Bomball
Moved by Lauren 2nd by Hal- approved.
As per BMC statement
Beginning Cash Balance in Trust Account: $16,008
Ending Cash Balance in Trust Account: $16,367
MTD Actual: $32,767
YTD Actual: $169,667
MTD Actual: $29,767
YTD Actual: $160,530
YTD % VAR (expenses) 6.82%
1) One “move-in” fee is still due; reminder letter sent.
Opening Balance $104,143
Closing Balance (“Total Cash Reserves-Allocated”) $121,744
Moved, voted, & Approved
Only 1 project is approved at this point, all others await final budget numbers for Plumbing upgrade Project.
Jesse moved, Hal seconded that Fire Alarms on each floor are to be updated to klaxon from Bells at a cost of $3300.
Mia Bella lease expires at EOM. Lauren moved that they be offered a lease of 1 year at current terms and adjust next year depending on what the market price is after COVID. - unanimous. They are caught up on rent except for April and will be paying that off at $100/mo. as arranged.
The Satori space tenant will be offered to continue at the same reduced deferred payment rate as currently in place. Diane will be sure that she knows it is deferred and not simply a new, lower rate.
ON-LINE Meeting: Tuesday,TBD at 5:00 PM via ZOOM.