Meeting minutes for May 2010 Board Meeting
Monday, May 10. 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 May meeting.
Meeting was called to order at 6:35 pm. April’s minutes were approved as written.
Treasurer’s Report
For period ending April 30th, 2010
Bank, Savings and Investment Accounts
Checking $6,979.54
Insurance Reserve $4,764.79
Replacement/Special Assessment CD $205,816.18
Watermark CU Savings $126.32
Other CD $ 152,000.00
Petty Cash $100.00
Total Assets $ 370,758.58
The Board has approved a homeowners dues increase of 4.25% for the 2010-2011 fiscal year. The increase is primarily due to increases in property taxes, water, electricity, and garbage collection. Property Concepts will send all owners information in the coming weeks. The dues will increase starting July 1, 2010.
Committee Reports
Security: There was a vehicle break-in this month. Please wait for the garage gate to close as you enter or leave the building and please call 911 if you see someone loitering in the garages.
Rules: A noise violation was reported. A resident was playing a musical instrument late into the evening.
Old Business
• Our FHA status remains unchanged. This is a long and frustrating process.
• The Board awarded a contract to re-seal the West building walkways and bridges. This is a necessary procedure that will be inconvenient for all residents, especially those living in the West Building. Access will be restricted for a few hours, but we will maintain the ability of all residents to enter and exit their units on evenings and weekends. More information will be forthcoming. This is a weather dependent project that will be scheduled in July. Reserve funds will pay for this project.
New Business
The south lobby door closer failed and a new one was installed after an almost 4 week back-order. The door frame is in need of additional repairs, which will be done shortly.
Homeowners Alert:
The Board would like to remind all residents to report any building issues to the Property Manager, a Board member, your unit owner, or by sending a message to our email address listed below. We rely on residents to report issues since we do not have an on-site manager. Most reports can be handled quickly once we learn of the need.
Meeting adjourned: 7:30PM. Next meeting is June 14th, 2010 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association, 506 E Howell Street, Seattle, WA 98122