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The Lauren Condominium Association |
Minutes of the Board of Directors - January 31, 2002
President
Elizabeth VanderPutten called the meeting to order at 7:O5PM on 01/31/02 in the
Manager's Office. Present were other Board members Dwight Clark, Ralph Domenick,
Rebecca Kane, and Joseph Morris. Property Manager Walter Krolman was in
attendance and for portions of the meeting as well as architects Susanne Fyffe
and Pamela Heyne and owners/residents Shannon
Holcomb and Carolyn Mano.
Treasurer's
Report
Net
cash available at the end of December 2001 was approximately $899,568.80.Year to
date operations (through the end of December)
1. Total income was approximately $812,625, which is
under budget by $1,875.
2. Total operating expenses were under budget by $39,613.
3. Year-to-date capital expenditures were $13,300.
The
Lauren is currently under budget due to utilities and administrative services.
Investment
activities in December entailed the rolling over of a one (1) month CD and a
three (3) month DC.
Action
Items
Utilities
- Gas utility rates for last year were locked in for a one (1) year term.
The Lauren now has the option to lock in rates again for one year, and
has a current lower rate than last year's locked in rate.
After reviewing a graph of Gas rates over the last year, and assessing
the previous locked-in rate and the new lower rate, the Board approved the
proposal to lock in Gas utility rates for June 2002 to June 2003.
Annual
Meeting -
The Board is examining dates and locations to hold the Annual Meeting. The Board has decided to either the first or second Thursday
in May. Locations are still being
explored.
New
Heating Company
- Walter will provide a walk-through to our new heating firm on February 1,
2002. During that walk-through,
Walter will discuss the Flame Failure issues in the main boiler, the recorded
temperature differentiations, and the air conditioning system.
Professional
Presentations
Roof
Design and Color Scheme:
The Board approved colors pending final decision from Landscape Architect
Susanne Fyffe. In addition, the
Board approved the straight glass (as opposed to the angled or curved) for the
roof top area.
Shannon
Holcomb provided the Board with alternative suggestions regarding planters for
the roof-decorating project. The
Board has taken these suggestions under advisement, and decided to look into
providing a mix of planters on the roof, some with designs and some plain.
Accessibility:
Architect
Pamela Heyne joined the Board in a discussion on action items regarding
accessibility. The Board has
decided the following:
1. Lobby.
The Board approved the lift for the lobby-level.
In addition, the Board is looking into contractors (with the help of Ms.
Heyne) who can begin preparation work while the lift is being ordered and
delivered.
2. Basement. The Board approved plans
for replacing the large step with a gradual incline ramp.
In addition, in the matter of the double doors located in the single
entry way from the garage to the stairwell area, the board approved the removal
of one of these doors.
3. Front Doors.
The Board requested more information regarding the creation of a sliding
door vestibule.
Lauren
owner Carolyn Mano expressed concern that the Lobby and Basement work would be
done at the same time, thereby not providing access out of the building until
one was finished. Ms. Heyne will
ensure that access is available (either through a temporary ramp or by
coordinating work efforts) throughout the project.
Meeting
Adjournment
The
meeting adjourned at 9:30pm. An executive session followed.
Next
Meeting
The
next meeting of the Board of Directors was scheduled for March 21, 2002.
Respectfully
Submitted
Rebecca
Kane
Secretary
