Annual Meeting -- June 2, 2005

2004-2005:

26th annual meeting  

1. Welcome to the 26th Annual Meeting of the Lauren Association.

2. Intros

3. President’s Report last year “a pretty quiet year” – couldn’t say that this year.

Board Management

- Board duties – finance & management; not one issue; your money; 
- Board lives here too; satisfy most people, most of the time. Building as is. 
– Financial prudence; balanced budget. More from Joe

Property values increasing, rentals seem a bit softer.

New fence around parking lot.

HVAC systems:

- Study commissioned in June 2004
- Generally adequate heating/cooling capacity, but 04 undersized piping and equipment
- others more modern maintenance, air delivery and modern control features, coil cleaning access
- Corridors, fire dampers, air intake undersized
- Fan coil unit piping rebalanced and noise reduced
- Trash chute ventilation, door undercutting
- Boiler re-circulating pump – preventing condensation
- Studying alternative possibilities, individual control; seasonal changeover

To come:

- Garage and hallway air handling controls – old pneumatic controls
- Freeze protection for coils
- Corridor cooking odours
- Laundry room

Energy saving:

- Automatic chilled water reset controls
- Computerised energy management system
- Cooling tower fan variable frequency drive

Consultation

- Mr McNabb available for consultation – details shortly.

Thank

- Board for time, specially on this, also Eileen for input

Misc

- Electrical wiring study
- Fire alarm system study
- Intercom, entrance
- Garage, door, roof deck cushions

A Premium Place to Live

- Doesn’t become so by repetition; look to laurels
- Competition from new developments, refurbs
- Location; roof deck; environment
- Sound Management – high fee v. low fee
- $¼m on utilities
- Most important factor: Staff, largest chunk of budget; very little turnover; duty of Board to be good, reasonable employer

Salvador & Pedro
Letta, Thomases, Celestine, Yishak, Hiskias
Ruta & Henry
Cacho
Walter

Thank you for your attention. Shared aim – to keep the Lauren a Premium Place to live.