Meeting minutes for December 2008 board meeting
Treasurer’s Report
For period ending November 30th, 2008
Bank, Savings and Investment Accounts
Checking $32,297.55
Insurance Reserve $4,750.66
Replacement/Special Assessment CD $287,435.08
Other Assets
Petty Cash $100.00
Total Assets $325,552.16
Committee Reports
The hardscaping committee will be meeting with the City of Seattle again next week to further discuss the permitting process and present our current scope of work. We are hoping that an official inspection will be waived, which would allow proposal work with landscapers to proceed.
Security
There were no security issues during the past month.
Rules
A noise violation was recorded and a fine sent during the month of October.
Old Business
The declaration amendment has been drafted and will be sent promptly after the holidays.
The Board contracted with a 3rd party inspection company to eliminate the possibility that one of the units was leaking through to another unit. The Board is currently waiting to receive the contractor’s official report so that the interested parties can be followed up with properly.
The Board has received the bid from Erein Construction for repairs to the ceiling insulation in the alley garage and garbage room. The Board will be spending approximately $2,500 to repair the insulation in the garage and trash room. Ambassador I will be responsible for approximately 1/3rd of the total, reducing our cost to well under $2,000.
New Business
It has been brought to the Board’s attention that a homeless person was found sleeping in the stairwell above the 5th floor. We will be having our security patrols pay special attention to that stairwell. If you see a person sleeping on the premises, please call the police immediately.
The Board has been informed that due to building damage that occurred, and which was repaired many years ago, the building is not approved for FHA financing. We have begun the process to get the Ambassador II Condominiums removed from the Federal Housing Administration “bad building” list.
A tree in front of our building is causing the sidewalk to buckle which may cause a tripping hazard. We are looking into our options to get it fixed and will have Erein inspect the sidewalk when they come out to repair the insulation.
A minor water intrusion happened between two units. The two unit owners are working together to resolve the issue. The Board will ensure that the repairs are completed properly.
One of the THS units has an odor issue. We are contacting THS to get a prompt resolution.