Meeting minutes for May 2014 Board Meeting
Monday, May 12, 2014
President: Brien Sherman
Vice President: Venus Chan (absent)
Treasurer: Jay Heath
Secretary: Shaun Ross
Member At Large: Anand Singla (absent)
Association Manager: Jack Taylor
Homeowners Forum
● One homeowner was present at the meeting this month.
Meeting was called to order at 6:37 pm. The April 2014 minutes were approved as written.
Treasurer’s Report
For period ending April 30, 2014.
Bank, Savings and Investment Accounts
Washington Federal Replacement / Special Assessment Reserve CD: $309,403.97
Checking: $28,997.03
Sound Credit Union Savings: $211,180.46
Petty Cash: $100.00
Total Assets: $549,680.86
Committee Reports
● No committee reports.
Old Business
● In the coming months, we’ll be scheduling a preventive maintenance appointment with Associated Roofing to check the roofs (both buildings) for any damage or wear. ● Recycling reminder: From the latest City of Seattle mailing: “Can I recycle Styrofoam? NO. Seattle residents cannot recycle foam containers.” Please refer to the Cleanscapes or the City of Seattle website for what is recyclable: http://www.cleanscapes.com/seattle/recycling_guidelines/residential/
● RULES CHANGE REMINDER: The new key price is $20/key; up from $15/key. The new charge covers increased costs of the key and postage. This amount applies towards replacing lost or broken keys as well as additional keys. The deposits for additional keys still applies. This rules change will be in effect as of June 1, 2014. The rules update and a modified key request form are available online.
● The first installment of the 2014 property taxes for the garage have been paid as of April 30, 2014.
● The replacement door to unit E213 has been painted by our handyman.
New Business
● The >|< (close doors) button in the elevator will be repaired the next time the elevator is serviced. A note has been placed in the elevator service room for the technician.
● The Board has approved a 3% increase for the 20142015 budget, which will go mostly towards the common area property taxes. Our property tax increased 17% this year. Owners will receive a new coupon book and a copy of the budget in multiple mailings.
● The Association has just been made aware of an amendment to our Condominium Declaration, which was filed and recorded in 1993 and never posted to us by the developer. The amendment concerns the commercial units (Dentist office) and has no material effect on the operation of the Association. The amendment is available to current owners on our website and will be included in all future resale certificates.
● There is now a Goodwill donation station at 115 E Belmont Street, the old Half Price Books location, just down the alley at the end of the next block. Residents are encouraged to drop off unwanted items there rather than in the trash room. You may even get a tax deduction.
● In the coming months, we'll have an arborist look at the alley trees to see if they need to be removed. We'll also ask what would be good replacements if the current trees need to be removed.
● AM I Commercial LLC (Cosmos) filed a lawsuit against the Ambassador II Owners Association in regards to parking space 2 in the alley garage. The Ambassador II Board and Property Concepts are working with our lawyer to address the suit.
● Intoxicated transient removed from property on April 5th by our security service. Police have also been contacted multiple times regarding the transient on the ramp. A complainant will need to sign the police documents in order for the police to remove the individual from the premises. A sign was installed earlier in the month to assist the police with removal of loitering persons on the property.
Meeting adjourned: 7:10pm.
Next Board meeting is scheduled for Monday, June 9, 2014 at 6:30pm in Unit E108.
Ambassador II Condominium Homeowners Association:
506 E Howell St, Seattle, WA 98122