Ambassador II Condominiums

The bicycle storage racks in our multi-use room are now available for use by residents. To use the bike rack residents will be required to register their bike and obtain an ABII sticker from the Association. If you are interested in a spot on the rack, please fill out the bicycle storage request form and mail it to Property Concepts. Property Concepts address can be found on our contact page.

The Ambassador II Homeowners Board is pleased to announce our new online event calendar. The calendar is located here on our website. This calendar will be kept up to date with happenings around the building. If you have an event pertaining to the building you would like to see added please contact us and let us know.

As mentioned in the November minutes there has been a rules update to accommodate the new bicycle racks in the multi-use room. The newly updated rules are located here for public consumption.

Homeowners Forum
A homeowner was present to discuss several issues. We discussed the building maintenance to the homeowners satisfaction. We will be posting Property Concept’s phone number in the lobby for adding maintenance tasks to our new contractor’s list. The resident is also concerned about abandonded itmes near the storage units in the Summit garage. We will be cleaning up the area and monitoring it more closely.

Treasurer’s Report
For period ending October 31st, 2007

Bank, Savings and Investment Accounts
Checking: $30,972.23
Insurance Reserve: $4,735.22
Replacement/Special Assessment CD: $220,866.60

Other Assets
Petty Cash: $100.00
Total Assets: $257,639.77

In October we paid 1/2 the property taxes, window and dryer vent cleaning and North Stair repair bills; all were anticipated and in the budget. For the fiscal year, we have a $9,409 surplus thus far. (Next big budgeted expense: property earthquake insurance.)

Committee Reports
The beautification committee is investigating updates to our elevator. We will not be replacing the elevator itself, but the panels, flooring, and ceiling, which can be replaced for a reasonable amount of money. This will greatly increase the style and sophistication of the elevator. The update would greatly increase the impression that visitors get of the building as well as increase property values. The upgrades would be paid for from reserve funds specifically set aside for elevator car remodels. We will be obtaining official bids and voting on the issue in the coming month.

Security
Multiple times in the last few days persons unknown have jammed toothpicks and/or nails into the garage doors, which gain entryway to the elevator. Doing this essentially prevents the door from locking thus enabling unlimited access to the building without a key. Please check the doors as you enter and exit to ensure they close and latch properly. If you find items jammed into the locking mechanism, please contact the property manager or the board immediately. When the association determines the responsible party, a $1,000 malicious damages penalty will be applied. There is a $100 reward for information regarding who is responsible for this security issue – an additional $400 will be paid if/when a fine is assessed and collected against the responsible party.

Rules
A unit owner abandoned cabinets in the garbage room. No furniture can be disposed of in the garbage room. A fine has been assessed to the unit owner.

Property Managers Report

• Lighting addition – fixtures have been purchased, and Property Concepts is working with D. W. Close Electrical to install them.
• One of the units has again lapsed in their HOA dues payment. If no payment is received by 11/15/07, the account will be sent to collection.
• A unit has repeatedly contaminated the recycling. This is a unit we have had refuse problems with in the past. A fine has been assessed.

Old Business
The association is nearing completion of hiring of Eric as a handyman for the building. We fully expect the paperwork to be complete within the week. He will start immediately upon finalization of the paperwork.

New Business
The Association has completed the purchase of a bike rack for the exercise room. To use the bike rack residents will be required to register their bike and obtain an ABII sticker from the Association. This will enable us to prevent complete chaos in the bike room. Attached to the minutes, please find the bicycle rules and the rack registration. If you are interested in a spot on the rack, please fill out the attached form and mail it to Property Concepts at the address at the bottom of this document. Bike storage is first come-first served and 100% free for Ambassador II residents.

Meeting Adjourned: 7:50 PM