Meeting minutes for April 2010 Board Meeting
Monday, April 12. 2010
Jack Taylor – Association Manager
Dale Hitsman – President
Shaun Ross – Vice President
Jay Heath – Treasurer
Greg Mitchell – Member-At-Large
Brien Shermen– Secretary
Homeowners Forum
No homeowners were present at the April meeting.
Meeting was called to order at 6:30 pm. March’s minutes were approved as written.
Treasurer’s Report
For period ending March 31st, 2010
Bank, Savings and Investment Accounts
Checking $12,496.49
Insurance Reserve $4,764.38
Replacement/Special Assessment CD $205,646.43
Watermark CU Savings $126.32
Other CD $ 152,000
Petty Cash $100.00
Total Assets $ 376,105.29
A replacement reserve CD matured. The renewal interest rate was considerably below our expiring rate. The Board investigated other options and opened a new 12 month CD at another institution.
Committee Reports
Security: An act of internal vandalism occurred in early April: four overhead light fixtures were broken on the 3rd floor of the East Building. Glass was kicked into the elevator which jammed the elevator door open on the 2nd floor and forced it out of service. Sunflower seed shells were scattered from the Howell street entrance into the lobby, in the elevator and on the 2nd and 3rd floors. A resident witnessed the sunflower seed incident. The Board has contacted the unit owner.
Rules: A noise violation was reported. A resident was playing a video loudly after midnight.
Old Business
• Redwood noise continues to be an issue for residents living along the alley and facing Howell. Once again all affected residents are urged to call the Seattle Police Department non-emergency number to file a complaint. (206) 625-5011. A Board member is in contact with Redwood’s management.
• The FHA has finally completed tweaking the rules for HUD housing loans. We have begun the process of approval. We believe the building will be FHA approved this month. Stay tuned.
• The exit signs have been replaced with high-efficiency LED signs.
New Business
• The building exterior is quite dirty. The Board has elected to have the interior (courtyard) walls washed in June. We will wash all windows and clean dryer vents immediately thereafter.
• The flat roof on the north side of the East Building is nearing the end of it’s useful life. The roof will be replaced this summer. Replacement Reserve funds will cover the cost.
Homeowners Alert:
We have observed that some of the original toilets in the units are nearing the end of their useful life. Original toilets can be identified by the word “Crane” and a graphic of a crane on the top of the bowl. The tank may contain an old style float as well. These toilets may need to be replaced if they are no longer flushing properly and/or need to be “plunged” on a regular basis. Fixtures are the responsibility of the unit owner. Consult a professional if you need further assistance.
Meeting adjourned: 7:30PM. Next meeting is May 10th, 2010 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association, 506 E Howell Street, Seattle, WA 98122