Willamette Towers

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Willamette Towers Board Meeting

Meeting WEDNESDAY, March 15th , 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

Call to order: 5:03 PM

Agenda Approval –

Unanimous approval

Previous Meeting Minutes Approval:

Unanimous approval.

Treasurer’s Report:

Operating (aka: Trust or Checking) Account Summary

Beginning Cash Balance [02/01/2023] $65,640

Ending Cash Balance [02/28/2023] $47,396

Budget – Comparative

Month-to-Date Actual

Year-to-Date Actual

Notable Expenditures

Boiler maintenance and repair [Acc # 5090]: ($3,154)

Realtor Fees: 1307 lease [Acc # 5212] ($900)

Insurance payment [Acc # 5050] ($20,592)

Reserve Account Summary

Opening Balance [02/01/2023] $508,802

Contributions $0

Withdrawals ($0)

Change in Value $20

Closing Balance [02/28/2023] $508,822

Notes:

Primary Reserve balance: $267,628

Plumbing Reserve balance: $241,174

Due from Reserve to Operating: $13,614

Move to Accept Treasurer’s report –

Unanimous approval

Owner’s Forum:

When will windows be cleaned? -

Committee Reports:

MMRC

Plumbing Project Bath refit on 13th floor may have some repayment from us – plumber will submit itemized receipt. Discuss in Admin Meeting

Green –

Bike Room ready – Policy will be passed at next Board meeting,

Tablets to test for toilet leaks will be purchased and will be available in mail
area soon.

Safety -

Thefts – bike from rack and backpack from car.

Investigate $$ for installing cameras for bike room and mail area.

New Business:

Late Fee Waiver request – Unanimous approval.

CD – Discuss in Admin meeting

Unfinished Business:

Electrical panels replaced in 1307 & 1309 – next week

1307 lease ratification of terms – done

Garage Towing Company – done

Garage Door options – Discuss in Admin meeting

Bike Room budget increased $500 to seal floor approved via email

Next Board Meeting:

Tuesday April 25, 2023 5PM via Zoom

Adjourned at 6:06 PM

Admin meeting:

Clyde, Hal, Jesse, & David –

Garage door design chosen authorized paying $6745 for fenestrated more rigid door that is less prone to jamming.-unanimous

13th floor bath remodel – we will look over the itemized receipt from the contractor and fund the parts that we would have done for current project

CD purchase – Authorize $100k 3-month CD – unanimous - done