Meeting minutes for May 2011 Board Meeting
Monday, May 9, 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 6:33pm. April 2011 minutes were approved as written.
Treasurer’s Report
For period ending April 30, 2011
Bank, Savings and Investment Accounts
Checking: 38,240.49
Insurance Reserve: $4,769.28
Security Deposits: $972.67
Replacement/Special Assessment CD: $234,431.03
Watermark CU Savings: $126.54
Other Replacement Reserve CD: $154,285.68
Petty Cash: $100.00
Total Assets: $ 432,925.69
Committee Reports
No committee reports submitted.
Old Business
The courtyard floor, surrounding walls, and lamp posts were pressure washed on April 19 and 20. This pressure-washing included the exterior walls surrounding both buildings.
Window and dryer vent cleaning was completed on April 21 and 22.
Ambassador I has completed their repair work on their planter bed.
New Business
Several maintenance items were brought forward and discussed amongst the board members.
Great News! The 2011-2012 Operating Budget was approved by the Ambassador II board with no increase in HOA dues for this fiscal year.
Meeting adjourned: 7:23pm. Next meeting will be on June 13, 2011 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association, 506 E Howell Street, Seattle, WA 98122