Willamette Towers

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Willamette Towers Board Meeting

Meeting TUESDAY, April 25th , 2023, 5:00pm via ZOOM

Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi

BMC Personnel: Diane Sollinger, Dave Saraceno

Owners: Bill, Barb & Richard Bomball, Linda Seymour, Rick Lowen, Ana Walter, Fanev Walter, Giny Landgreen, Alex Howe, Jerry Hsu

Call to order: 5:05 PM

Agenda Approval –

Added item Unanimous approval

Previous Meeting Minutes Approval: :

Unanimous approval.

Treasurer’s Report:

Operating Account Summary (aka Trust or Checking account)

Beginning Cash Balance [03/01/2023] $47,396

Ending Cash Balance [03/31/2023] $42,735

Budget–Comparative

Month-to-Date Actual

Year-to-Date Actual

Notable Expenditures:

Tax prep by CPA

Elevator permits/maintenance.

Repair/upgrade of entry and exit gates.

Replacement (preliminary costs) of electric panels in Commercial units 1307 and 1309.

Reserve Account Summary

Opening Balance [03/01/2023] $508,821

Contributions $19,681

Withdrawals ($7,671)

Change in Value $85 Closing Balance [03/31/2023] $520,916

Notes about Reserves:

Primary Reserve balance: $276,594

Plumbing Reserve balance: $244,237

Due from Reserve to Operating: ($13,614)

CD – we will purchase an additional $100k 3-month CD by the end of April.

Taxes were reviewed and the State tax withholding will be adjusted so we do not incur a penalty in 2024.

Move to Accept Treasurer’s report –

Unanimous approval

Owner’s Forum:

When will windows be cleaned? - May/June

Cigarette butts and trash on 201/202 decks

Yelling 11:30 PM or so (from 405?) will try to narrow it down and report.

CommitteeReports:

MMRC –

Next riser will be in 01 stack next to elevators and will not require a chase built out into the hallway. Bath refit on 13th floor may have some repayment from us – Jesse will review photos of 13th sub-floor piping.

Green –

Bike Room ready – Policy is passed unanimous approval

Safety – no report

New Business:

Late Fee Waiver requests – Unanimous approval.

Stairwell paint for first 3 floors will be refresh by Dave

Breaker in main panel replacement payment officially approved.

Additional panel replacement work offered by contractor will be reviewed by MMRC

Mia Bella 1309 reimbursement of $455.00 on final electrical work - unanimous approval

Mia Bella request for paying for electrical work for 1311 space that is sub code after their remodel. - referred back to them to get an architect to look it over and do plans to bring it up to code – they will make sure it is up to code and not up to contractor’s guess.

Garbage room signage update – Diane did a sign specifying again that all trash must be in tied up plastic bags.

Unfinished Business:

Garage Towing Company – done

Garage Door options – done

Next Board Meeting:

Tuesday May 23, 2023 5PM on the Lawn or via Zoom - if weather is bad.

Adjourned at 6:05 PM

WTB ADMIN MEETING

Thursday, May 4, 2023

Supplement to March WTB meeting minutes

WTB Board: Clyde Horn, Jesse Fittipaldi, Hal Dillon, David Igl

BMC Personnel: Diane Sollinger

Guests: Richard Bomball, Linda Seymour, Alex Howe

Call to order: 5:05PM

New Business:

Vote to appoint Alex Howe to the Board to replace Cody York after his resignation.

Thank You Cody!

Unanimous

Adjourn: 5:17 PM