Meeting minutes for April 2012 Board Meeting
Monday, April 9, 2012
Dale Hitsman – President
Brien Sherman – Vice President
Jay Heath – Treasurer
Shaun Ross – Secretary
Karen Henley – Member-At-Large
Jack Taylor – Association Manager
● No homeowners were present.
Meeting was called to order at 6:33pm. The February 2012 minutes were approved as written.
For period ending March 31, 2012
Bank, Savings and Investment Accounts
Checking: $44,472.48
Replacement/Special Assessment Reserve CD: $266,769.32
Watermark CU Savings: $5,851.28
Watermark CU Replacement & Insurance Reserve CD: $154,518.65
Petty Cash: $100.00
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Total Assets: $ 471,711.73
● No committee reports.
● The anti-loitering deterrents for the trash room and Seattle Public Utilities vault concrete walls have been installed. If you see people loitering on our property or in the alley, please contact the police. The Seattle Police non-emergency number is 206-625-5011 or 911 if there is an
emergency.
● The process to replace two damaged panels in the elevator is slow, as the panels are custom made to our elevators specifications. Installation will hopefully happen soon.
● The Board has transferred our Insurance Reserve account from Bank of America to Watermark Credit Union. We now have fewer accounts to keep track of each month.
● WARNING: Unauthorized vehicles will be towed from the dentist office spaces in the Summit Avenue garage without warning. These spaces are for their use only and not for guest parking.
● The mysterious, highly intermittent, water leak in one of the units still hasn’t been resolved. The unit owner will continue to work with their fellow stack-mates to figure out where the leak is originating.
● The treasurer is creating a preliminary 2012-2013 budget. The Board will discuss and vote on this budget at next month’s board meeting. We are looking at a small increase (3% to 5%) this year.
● We’ll be scheduling our annual April window and dryer vent cleaning April 25th and 26th. We will mail notices to all homeowners as well as post these notices around the building.
● It’s pressure washing cleaning time again. We’ll be scheduling a couple of days in the not too distant future to pressure wash the courtyard concrete floor and walkways. Notices will be post once dates have been scheduled.
● We’ve started scheduling on two construction projects for this summer. The first project is to repair the decks in the x01 and x06 stacks. The second project is to replace the shingle roof on the east building.
● ATTENTION ALL HOMEOWNERS: Please familiarize yourself as to where the water shutoff valves are located in your home. There are secondary shutoff valves for faucets under sinks, toilets and behind your washer. There’s also a shutoff valve for your cold water supply to your water heater located on a pipe on top of your tank. Your unit most likely has a main water shutoff valve. This valve will shut off water to your whole unit. This valve is usually located in the closet where your water heater is located and is usually sticking out of the wall above the water tank.
If your unit is tenant-occupied, it would be prudent to inform them as to where the water shutoff valves are located.
Per the Third Amendment to the Declaration, if there’s a leak from an owner’s fixture or appliance, the costs associated with the water damage repairs are assigned to the unit owner, that is up to the insurance deductible of $10,000. All the more reason to confirm where the shutoff valves are located in your home. If you are unsure as to where these valves are located, please contact the Board and we would be happy to come into your home and show you where the valves are located.
In addition, please make sure your homeowners insurance is updated with minimum coverage of $10,000 for Liability.Please refer to the amendment and contact your insurance agent.
Meeting adjourned: 7:25pm.
Our next meeting is scheduled for Monday, May 14, 2012 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association, 506 E Howell Street, Seattle, WA 98122