Meeting minutes for January 2013 Board Meeting
Monday, January 14, 2013
Dale Hitsman – President
Brien Sherman – Vice President
Jay Heath – Treasurer
Shaun Ross – Secretary
Karen Henley – Member-At-Large
Jack Taylor – Association Manager
Homeowners Forum
No homeowners were present at the meeting.
Meeting was called to order at 6:33pm. The November 2012 minutes were approved as written (no December meeting).
Treasurer’s Report
For period ending December 31, 2012
Bank, Savings and Investment Accounts
Checking: $27,640.34
Washington Federal Replacement/Special Assessment Reserve CD: $273,747.06
Sound Credit Union Savings: $5,854.77
Sound Credit Union Replacement & Insurance Reserve CD: $154,884.04
Petty Cash: $100.00
Total Assets: $462,226.21
Committee Reports
No committee reports.
Old Business
The Board recommends that unit owners inspect and consider replacing their smoke detectors, as most are probably original. Detectors without battery backup are old and possibly not operating correctly.
A new state law is now in effect requiring Carbon Monoxide detectors in every unit as of 01/01/2013 especially those with tenants.
The fifth floor deck / water damage repair will take place once we have some dry weather with temperatures above 65 degrees.
New Business
The Board has renewed our regular umbrella and earthquake insurance coverage for this calendar year. We increased the “employee dishonesty” coverage from $450K to $600K to comply with recent regulations. We experienced an exceptionally large increase in earthquake insurance premiums.
As of late November through the third week of January, we’ve spent $1,600 on door handle and lock repairs. This has been unexpected expense. We would like to remind everyone to please not use their key to pull doors open. This practice will inevitably break the key off in the lock. Please only use the key to unlock the door or gate and use the handle to pull open the door or gate.
In the past two months, we’ve had a locker broken into with items stolen. The board would like to remind everyone to please not store valuables in their locker or at least not have the items visible.
A resident called 911 in December to report a trespasser with a dog in the alley garage. We believe he gained access to the garage through an open garage door. When exiting the garage (either the alley garage or the Summit garage), please wait for the gate to close completely before proceeding to your parking space or away from the building. If you walk out the garage door, please also wait for it to close before walking away from the building.
The fire alarm Friday morning (01/11/2013 @ 4:43am) was caused by over cooked food on the stove. Thankfully, there was no fire or smoke damage.
Meeting adjourned: 7:18pm.
Next board meeting is scheduled for Monday, February 11, 2013 at 6:30pm in Unit E108
Ambassador II Condominium Homeowners Association: 506 E Howell St., Seattle, WA 98122 ( https://ambassador2.com)