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Willamette Towers — Board Meeting

April 20, 2026 — 4:20 p.m.**

At the office and by Zoom**

Introductions

• Board: Jesse F, Dave I, Alex H, Dave S (BMC), Diane S (BMC)
• Owners: Ferrer, Rose, Esther, C. Horn, Richard B.
• Guests: Taby P (Flowers by Taby, 1307)
• Called to order: 4:20 p.m.

Owners' Forum

• Geranium discussion
• Elevator discussion (no current cost; covered by contract)

Approval of Agenda

• Motion: Alex
• Second: Jesse
• Result: Unanimous

Approval of Minutes (Feb & Mar)

• Motion: Alex
• Second: Jesse
• Result: Unanimous

Treasurer’s Report

• Monthly report: see Treasurer’s section below
• Budget review notes:
  • Expenses on track
  • Cash flow dipping below $200k baseline
  • Need tighter controls for riser work
  • BMC shifting from quarterly → monthly reconciliation

Reports

Landscape

• Request for compost on southern strip (1 bed)
• Grass coming in well

MMRC

• Boiler conversation ongoing
• Monitoring latest elevator issue

Green Committee

• Cresswell Bakery visit doubled to 7 participants
• 45‑minute tour, smooth bus coordination

New Business

• Window painting request (Unit 1307 tenant):
  Logo, name, phone, self‑portrait; 5 panes available
• New risers C & D light locations:
  Bear Mountain bid postponed (lower priority)
• Action Grams:
  Discussion of 11th‑floor cigarette smoke complaint

Unfinished Business

• Coin meter installation: April 21

Pending Business (Not part of meeting)

• Insurance amendment: no longer under consideration

Next Meeting

• May 18, 2026 — 4:15 p.m.

Adjournment

• 5:00 p.m.

Treasurer’s Report

Month ending March 31, 2026

Operating Account Summary

Beginning Balance (03/01/2026): $17,475
Ending Balance (03/31/2026): $13,487
Previous: $15,151 → $17,655

Budget Comparison

1. Month‑to‑Date Details

Budgeted Income: $28,600
Actual Income: $29,199

Actual Expense: ($21,828)
Budgeted Expense: ($20,683)

Previous:

• Income: $28,600 → $29,075
• Expense: ($106,274) → ($105,683)

2. Year‑to‑Date Details

Budgeted Income: $85,799
Actual Income: $85,996

Actual Expense: ($147,082)
Budgeted Expense: ($147,049)

Previous:

Income: $57,199 → $56,797
Expense: ($125,254) → ($126,366)

3. Notable Expenditures

$14,300 — FP Construction (30% after framing)
$1,994 + $330 — Harvey & Price (gas valve + boiler troubleshooting)
$651 — ServiceMaster of Eugene (water restoration)

Reserve Account Summary

Opening Balance: $156,421
Credits: $15,250
Debits: $0
Change in Value: +$470
Closing Balance: $172,141

Reserve Notes

Primary Reserve: $54,763
Plumbing Reserve: $116,908

Previous:
Primary: $50,628
Plumbing: $105,241