Meeting minutes for August 2009 board meeting
Ambassador II Condominium Board Minutes
Monday, August 10, 2009
Jack Taylor – Association Manager
Dale Hitsman – President
Shaun Ross – Vice President
Jay Heath – Treasurer
Greg Mitchell – Member-At-Large
Sparky – Secretary (Not Present)
Homeowners Forum
No homeowners were present at the August meeting.
Meeting was called to order at 6:30 pm. July’s minutes were approved as written.
Treasurer’s Report
For period ending July 31st, 2009:
Bank, Savings and Investment Accounts
Checking $33,215,48
Insurance Reserve $4759.41
Replacement/Special Assessment CD $176,734,51
Replacement Reserves Certificates of Deposit $150,000
Other Assets
Petty Cash $100.00
Total Assets $365,779.65
Committee Reports
Security
No security violations were reported
Rules
No rule violations were reported.
Old Business
At last the hardscaping project to install pavers on the Howell Street side of the buildings is nearly complete.
The results of the latest Reserve Study are posted to our website. All owners are invited to read the documents online
With the receipt of the Reserve Study, we are now searching for an attorney to help us remove the building from the FHA «blacklist». This is a long, slow, and expensive project. Even our regular law firm that specializes in condominium issues has refused the project.
New Business
Rot damage inside the courtyard that was uncovered after pressure washing has been repaired. A broken door closer on the 5th floor was replaced. Eric painted the walkway doors and several of the gray metal doors leading to the garages.
A contract has been awarded to replace some rotting fascia boards on the -03 stack. This will involve scaffolding that stack in order to complete the repairs. Owners affected will be notified separately.
Meeting Adjourned: 7:25 PM
Next Meeting is September 14th, 2009 at 6:30 pm in Unit E406
Ambassador II Condominium Homeowners Association
506 E Howell Street
Seattle, WA 98122