Meeting minutes for February 2011 Board meeting
Monday, February 14, 2011
Jack Taylor – Association Manager
Dale Hitsman – President
Brien Sherman– Vice President
Shaun Ross – Secretary
Jay Heath – Treasurer
Karen Henley– Member-At-Large
Homeowners Forum
No homeowners were present at this month’s meeting.
Meeting was called to order at 6:37pm. January’s minutes were approved as written.
Treasurer’s Report
For period ending January 31, 2011
Bank, Savings and Investment Accounts
Checking 29,690.31
Insurance Reserve $4,768.38
Replacement/Special Assessment CD $220,698.44
Watermark CU Savings $126.48
Other Replacement Reserve CD $ 153,209.06
Petty Cash $100.00
Total Assets $ 408,592.67
Committee Reports
No committee reports submitted.
Old Business
All old business has been completed.
New Business
The elevator was making loud noises again. We contacted ThyssenKrupp to investigate. They lubricated some bearings and the noises seem to have disappeared. We’ll keep an ear out and hope they don’t return.
The Ambassador 1 has begun their repair of the leaking planter bed on the north side of our building. They’ve moved the fence out to enclose the small planter bed on the alley side. This should eliminate all the transients from parking in that area. Ambassador 1 has asked us if we would like some of the plants in this bed, and we’ve taken them up on the offer. A few of the azaleas are now calling our planter beds home. We will paint the new section of fence as our share of the cost. This will be done as weather permits.
Our building insurance policy has been renewed. More and more mortgage companies are requiring HOA’s to increase their Employee Dishonesty Insurance (EDI). Our EDI has increased to $450K with an annual premium of $122/year. This covers our cash accounts against most forms of loss. We also increased our Sewer & Drain Overflow Insurance to $300K with an annual premium of $175/year.
As you know, the intercom at the gate on Howell Street has been replaced. If you would like to have your local number programed in to buzz your guests in, please contact Jack Taylor with your name, unit number and phone number or your unit number, residents name and phone number. Please see below for his contact information.
It has been brought to our attention that a limited number of residents have experienced problems with the Summit Ave gate not responding to their remotes. There was a problem affecting everyone on February 4th that was immediately repaired. At this time, the unresponsiveness is sporadic, and we believe it is limited. We’ll keep an eye on this and see if it continues to happen more often. We suspect interference from an outside source, as this has happened in the past. Also, be sure to check the battery on your remote. If you are experiencing issues where the garage gate will not open, even directly in front of the gate, please contact Jack Taylor. As always, we rely on the residents to notify us of issues. It won’t be fixed if we do not know it’s broken!
In the coming weeks, we’ll be obtaining estimates for pressure washing the courtyard this spring.
Meeting adjourned: 7:25pm. Next meeting will be on March 14, 2011 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association, 506 E Howell Street, Seattle, WA 98122
Board Contact Information: https://ambassador2.com.