HVAC - The President discussed the situation of the HVAC system. The board appointed a committee of Brian Larkin, Dwight Clark, and John Filice. Based on previous surveys and studies, it is clear that the HVAC Whalen units need to be replaced. The committee reviewed several options and concluded that the most cost effective approach was to replace the current system with a similar system. The board did not want to have to levy a special assessment now or in the future or to borrow the $2 million for the HVAC replacement. They asked owner and former board member Brian Larkin, an economist, to develop a plan that could pay for the replacement by increasing condo fees and spreading payments over a period of years. In order to extend the life of the current units, the board arranged for the sealing of condensation pans in the current units, which has been accomplished. Starting with the 2007 budget, a special HVAC reserve account has been established. This will allow the Lauren to replace the units when necessary necessary-in an estimated six to seven years-without having to collect a special assessment or to totally deplete the reserves below $500,000 at any time.

Tax Issues - There have been some D.C. tax issues that needed to be resolved, including lost payments and payments credited to other accounts. Only $1,200 remains to be resolved, and the manager is in communication with the D.C. tax office regarding the matter.

Emergency Preparedness - The President reminded the owners of the PEPCO transformer failure outside the building in February. Since then, the Lauren has acquired additional flashlights so that if this were to happen again, at least there would be sufficient light for people returning to the building to reach their units. The President reminded owners that it is their responsibility to have appropriate emergency supplies inside their own units.

Water Valve Replacements - The President discussed the need to replace two sets of water valves in the building. The main valves to the building were corroded and could no longer be totally closed. In addition, many of the 17 riser valves that control water in each tier could not be completely closed and needed to be replaced. Since these valves are located inside owners' units on the 10th floor, the board opted to move them at the same time into the hallways where they are always accessible in emergencies. Appropriate notice will be given to owners and residents about impending water shut-offs, as was done when the main valve was replaced.

Redecoration - The President reported that a redecoration committee has been working under the direction of Erin Erlenborn, and includes Barrett Witkin, Dwight Clark, John Filice, and Roger Hirschland. The charge is to develop a plan to update the hallways and elevators within a reasonable budget. The last time the hallways were redone was 1996.

Other Business - The board is conducting a study of how best to replace the boiler to increase efficiency and effectiveness. The bicycle cage has been repaired. There is now upgraded security equipment, including a new camera on the lower level. This will also help the Lauren identify persons who leave discarded heavy equipment or furniture, so it can be removed at the expense of the owner, rather than of the Lauren.