Annual Meeting -- May 5, 2004

2003-2004:

25th annual meeting

Projects:

·        Planned to have a somewhat quiet year to build capital reserves.

·        New more visually appealing and more secure fence around the rear parking lot and tree boxes

·        Looking into an overall engineering evaluation of the HVAC system.  

Financial, Etc.

·        The Association remains in good financial condition.

·        Capital reserves have increased and we are keeping pace with contributions as recommended by the reserve study.

·        The mortgage on the association owned unit was paid off this year.

·        The rental market for the building remains solid and the sale value of units in the building continues to go higher.

·        Utilities continue to be high as do insurance rates.  

·        Audit to follow

Staff

We continue to be fortunate with our wonderful building staff.  We have been able to maintain a very skilled, conscientious and trustworthy staff.  A great deal of the success of our association can be attributed to their diligent efforts.

Thanks to:

Also we have many residents that contribute their time and ideas.  The board would like to offer a special thanks to:

·        Brian Larkin for his upkeep of our web page, as well as contributions to various committees

·        Don Benedict for his contributions to the building landscaping

·        Roger Hirschland for his hard work to obtain the stoplight.

·        John Felice  - Fence Committee