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Board Members: Hal Dillon (Secretary); Jesse Fittipaldi; David Igl; Alex Howe (Treasurer)
BMC Personnel: Dave Saraceno
Owners: Bill Bomball, Richard Bomball, Giny Landgreen, John Rose, Rick Lowen, Linda Seymour
Motion: Alex; 2nd: Jesse; Approval: unanimous
Motion: Alex; 2nd: David; Approval: unanimous
Move to Approve: Hal; 2nd: David; Approval: unanimous
Beginning Cash Balance [06/01/2023]: $62,320; rev: $51,677
Ending Cash Balance [06/30/2023]: $57,467; prev: $62,320
BUDGETED Total Operating Income: $21,565: prev: $21,565
ACTUAL Total Operating Income: $21,911; prev: $21,555
ACTUAL Total Operating Expense: ($20,556);prev: ($17,973)
BUDGETED Total Operating Expense:($18,901); prev: ($18,901)
BUDGETED Total Operating Income: $129,388; prev: $107,823
ACTUAL Total Operating Income: $126,643; prev: $104,733
ACTUAL Total Operating Expense: ($138,625); prev: ($118,068)
BUDGETED Total Operating Expense:($133,409); prev: ($114,507)
Payments related to plumbing maintenance: $7,097.
This brings the YTD to $16,446 vs. a budgeted YTD of $8,650.
Clogs related to turning building water main off & back on for riser work & 2nd floor balcony pipe repair.
Opening Balance [06/01/2023]: $531,606; prev: $524,874
Credits this Period: $19,681; prev: $19,681
Debits this Period: ($0); prev: $(13,614)
Change in Value this Period: $1,171; prev: $664
Closing Balance [06/30/2023]: $552,458; prev: $531,606
Primary Reserve balance: $89,848; prev: $80,899
Plumbing Reserve balance: $160,276; prev: $249,540
Goal of $300,000 in rotating CD funds:
CD #2 purchased, matures 8/10/2023
CD #3 purchased, matures 9/12/2023
CD #4 ordered, matures 10/11/2023
John Rose expressed concern about plumbing connection between the existing water pipes and the new pipes.
Jesse stated that it is not a concern. The new pipes will be flushed out at the end of the project.
Rick Lowen: “Will the windows, in fact, be washed this season?”
Dave S. was told by contractor that it will be done by the end of August (2023!)
Recycle dumpster: Rick thinks the previous style was better.
Dave S. says the old one was damaged and a new one (previous style) is on the way.
Rick has seen evidence that the glass-recycle container is being used to climb onto the upper parking lot level.
Jesse stated that there is no detailed information. The project is progressing, and we are learning as we go.
The fence at each end of the “WT Alley” (north end of the parking structure):
We have an updated bid for the basic fence/gate and some alternate features. We need to decide exactly what we want:
Landscape:
They are trying to select native and hardy plants to plant in the curb-strip areas on the west side of the building.
Electric Vehicle Charge Station (EVCS): This is a very high priority for the GC.
GC advocates for at least one “Shared” Fast-Charge EVCS. They want all residents to have access to the Fast-Charge EVCS. We also want to have the electrical capacity for residents to have their own EVCS if they so desire.
Central water heater: They are starting to think about the replacement of the natural gas water heater with an electric water heater. This action may be 8-10 years away.
We decided to let the tenant in 1307 move forward with her plan to add acoustic insulation. The tenant will pay for the work.
Motion: Hal; 2nd: Alex; Unanimous
Replacement of the roof on the automobile entry canopy:
Jesse raised the question: “Since the roof is made of concrete, is the roof-covering even necessary?” Jesse will investigate this.
Who pays for the repair of the leaks in the patio plumbing pipes on the Second-Floor patios?
The HOA has already paid the plumber for the work. Will the 208, 201, and 202 unit owners reimburse the HOA?
It is possible that we were over-charged for this work. Jesse will talk to the plumber.
The HOA needs, now, to better document who is responsible for the patio plumbing: freeze protection, repair of supply pipes, and maintaining stormwater drains. We do not want to have this confusion in the future.
5:00 PM
08-22-2023