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MINUTES OF THE BOARD OF DIRECTORS
April 7, 2004
President Dwight Clark called the meeting to order at 7:30 P.M.
Present were Board members Derek Drummie, Elizabeth VanderPutten and Joseph Morris; property manager Walter Krolman; and for a portion of the
meeting Roman and Carolina Bas, owners of units 510 and 807
TREASURER'S REPORT
Net cash available at the end of January was $633,985;
For year to date operations, through the end of February:
- total income was $136,853 which is under budget by $7,221;
- total operating expenses were $129,199, which is over budget by $12,969;
- capital expenditures were $0.
Certificates of deposit activity during
- There was no CD activity during March
ACTION ITEMS
Annual Meeting
The Board tentatively set May 5th at 7:30 as the date for the annual meeting.
Repairs to the Building in the Rear of the Lauren
The Board discussed the scaffolding in the parking lot. The manager reported that he has provided names of said owners/users to representatives of the adjacent building who in turn made arrangements with displaced individuals. The Board asked him to work with the Lauren attorney to ensure that all legal requirements are met and that the work is done expeditiously.
Testing for Asbestos and Lead in Water
The Board received one bid to test both lead and water for a total amount of $1,440. The Board accepted the bid.
Emergency List of Plumbers, Electricians and Locksmiths
The manager prepared a list of plumbers, electricians and locksmiths for residents to use in case of emergencies. It is available at the front desk. The Board does not endorse these firms but is proving the information as a courtesy.
Resident Requests
A request to use the Roof Garden was approved.
A request to waive a move-in fee was not granted.
COMMITTEE REPORTS
None
REVIEW AND DISCUSSION ITEMS
HVAC Discussion of Heating and Adjustment Capabilities
The Board received a letter from Encon Group Inc. that states that the existing Fan Coil Unit is unable to maintain the thermostat set point. They recommend installing insulation above the 10th floor ceiling and or providing an exhaust fan maintaining a steady rate of airflow above the ceiling to prevent temperature rise in the cavity. They have not ruled out other measures. A technical report will follow shortly.
HVAC Study
The Board acknowledged receiving one proposal and is awaiting receipt of additional bids.
Fencing
The Board discussed the pros and cons of the bids including the price, length of warranty and stability of the company. However, there was a question of warrantees on both bids. The Board asked the manager to get clarification on the warrantees and to check references. The Board will then make a decision by email.
Laundry Exhaust Fan
The laundry exhaust fan is still not working. The manager reported that the contractor has promised to fix it.
EXECUTIVE SESSION
An executive session followed the regular Board meeting.
NEXT MEETING
The next meeting will be the Annual Meeting
ADJOURNMENT
The meeting adjourned at
EXECUTIVE SESSION
Followed the meeting the Board met in Executive Session.
RESPECTFULLY
SUBMITTED
Elizabeth A. VanderPutten, Secretary
TO SUBSCRIBE
To receive e-mail copies of Board Minutes, send a request to Property Manager Walter Krolman at manager@lauren.org
Minutes and other Lauren information may be found on The Lauren web site http://www.lauren.org/