Meeting minutes for August 2012 Board Meeting
Monday, August 13, 2012
Dale Hitsman – President
Brien Sherman – Vice President
Jay Heath – Treasurer
Shaun Ross – Secretary
Karen Henley – Member-At-Large (absent)
Jack Taylor – Association Manager
Homeowners Forum
No homeowners were in attendance at this month’s meeting.
Meeting was called to order at 6:33pm.
The June 2012 minutes were approved as written; no July meeting held.
Treasurer’s Report
For period ending July 31, 2012
Bank, Savings and Investment Accounts
Checking: $61,030.57
Washington Federal Replacement/Special Assessment Reserve CD: $247,370.99
Sound Credit Union Savings: $5,853.29
Sound Credit Union Replacement & Insurance Reserve CD: $154,708.85
Petty Cash: $100.00
Total Assets: $469,063.70
Committee Reports
No committee reports.
Old Business
The repair work on the x01 and x06 decks has been completed.
Replacement of the shingle roof on the east building is looking to be scheduled for the end of August into September. It all depends upon the weather. We’ll post more information in the lobby as the project moves forward.
New Business
Fire Safety Systems submitted an estimate to replace the standpipe along the outside west stairwell which has failed pressure tests and is not repairable. The price quote on the estimate is at little over $3K, including tax. The standpipe will be replaced soon.
A new 2012 Reserve Study with onsite inspection is in the works for the Association. It should be completed around the end of August. We’ll post the findings on the website once it’s received.
A leak was discovered in 106. It was repaired at Association expense, as the cracked pipe was in the wall. Thankfully, it was a small leak that was caught early.
The mysterious leak that had been occurring sporadically in the x04 stack has been found and repaired. Repairs to homeowners with water damage from the leak will be paid through the responsible homeowners insurance. No association funds will be needed to pay for the repairs.
Meeting adjourned: 7:05pm.
Our next meeting is scheduled for Monday, September 13, 2012 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association, 506 E Howell Street, Seattle, WA 98122