View the official pdf version of the minutes
Board members (in person): Clyde Horn, Jesse Fittipaldi, Hal Dillon
Board members (via Zoom): Alex Howe
BMC Personnel (in person): Diane Sollinger
BMC Personnel (via Zoom): Dave Saraceno
Owners (in person): Richard Bomball, Linda Seymore, John Rose
Owners (via Zoom): Tom Ferrer, Rick Lowen, Gini Landgreen
Treasurer’s Report:Month ending September 30, 2024
Operating Account Summary (aka Trust or Checking account)
Beginning Cash Balance [9/01/2024] $12,253 prev: $15,771
Ending Cash Balance [9/30/2024] $22,274 prev: $12,253
Budget–Comparative
BUDGETED Total Operating Income: $22,793 prev: $22,793
ACTUAL Total Operating Income: $23,378 prev: $24,334
ACTUAL Total Operating Expense: ($27,090) prev: ($17,464)
BUDGETED Total Operating Expense: ($29,943) prev: ($22,793)
BUDGETED Total Operating Income: $205,139 prev: $182,346
ACTUAL Total Operating Income: $208,011 prev: $184,633
ACTUAL Total Operating Expense: ($267,224) prev: ($240,134)
BUDGETED Total Operating Expense: ($207,090) prev: ($182,346)
Reserve Account Summary
Opening Balance [09/01/2024] $278,353 prev: $257,749
Credits this Period $19,743 prev: $19,743
Debits this Period ($22,165) prev: ($0)
Change in Value this Period $815 prev: $861
Closing Balance [09/30/2024] $276,746 prev: $278,353
Notes about Reserves:
Primary Reserve balance: $274,502 prev: $270,284
Plumbing Reserve balance: $1,492 prev: $7,208
End of Treasurer’s ReportMotion to approve treasurer’s report: Clyde 2nd: Hal Unanimous
A unit owner asks that the “staging” fee be waived. Dave said that quite a bit of stuff was moved in and out to stage the unit.
Clyde moved that we do not waive the fee. Hal 2nd. The vote was unanimous.
Elevator shaft “Exhaust Air-Filter” issue:
Otis Elevator Co. states that they do not accept responsibility for the improper installation of the frame for the elevator air filters. Jesse will gather information about the seriousness of the “dirty air filter” issue. A properly functioning air filter may or may not be important.
Big Plumbing Project (BPP):
The MMRC is reaching out for bids to do the following at the “E Stack”:
We intend to paint yellow parking lines at the north end of the building. These lines are part of our fire-safety effort.
Dave will move forward with this.
Replacement of Zinsco electric panels:
Most of the Zinsco residence panels have been replaced. We have documentation about the replaced panels for insurance purposes.
We still await delivery of the larger service panels.
They have been ordered and we have paid half the cost of the panels (not including labor).
The committee continues to pursue a solar-electric system on the roof of Willamette Towers.
The two Elm trees near the north-west corner of the building were removed by the city because of Dutch Elm Disease.
The city will grind (remove) the stumps so we can replant a new tree(s).
We will consider fixing a bump in the concrete sidewalk.
As discussed in previous minutes, we have a new way to pay for washing and drying our clothes.
There are two dryers (the two on the far-left) that will allow a person to pay less money and dry the clothes for less than an hour.
We discussed the possibility of talking to our Washer/Dryer company asking to have more than two dryers like this.
We decided not to do anything at this time.
Budget Committee (Jesse, Alex, John Rose):
They will continue to work with Diane regarding income/expense numbers. They will ask Diane for more expense information.
Diane will contact State Farm and give them a Zinsco update. We may contact our attorney about the building insurance situation.
Automobile damage to entry gate: David has written a letter to the responsible party.
He will send this letter to Diane for her to review and send to them.