APRIL 14, 2005

The following Directors were present:

Earl Metier

James Call

Joe Fisher

Ron Cooper

Also present was homeowner Ed Enders. 

A quorum being present, the meeting was called to order by the Vice-President, Earl Metier, at the hour of 6:05 p.m. 

The minutes of the February 15, 2005 Board of Directors meeting were distributed and reviewed. Joe Fisher moved to approve the minutes as written. James Call 2^nd the motion. The motion was approved. 

The current receivable report was reviewed. Ron Cooper moved to approve the report. James Call 2^nd the motion. The motion was approved. 

The March financial reports and reserve analysis were reviewed. 

A discussion was held on the janitorial services. Comments were made that vacuuming was not done on all floors on a regular basis and that the janitor was not paying attention to the burned out lights. 

Joe Fisher suggested investing reserves into investments other than CDs for better return. The managing agent advised not to invest into accounts not FDIC-insured and into accounts, which can lose principal. After discussion Ron Cooper moved to invest $20,000 into a 5 year CD, $10,000 into a 4 year CD, and $10,000 into a 3 year CD. James Call 2^nd the motion. The motion was approved. 

Ron Cooper moved to approve the March financial reports and reserve analysis. Joe Fisher 2^nd the motion. The motion was approved. 

Correspondence for the Association was reviewed. 

An estimate from Bruce Roberts Company to block off the space between Woronzof and Black Angus to prevent pigeons from nesting there was reviewed. Joe Fisher moved to approve the proposal. James Call 2^nd the motion. The motion was approved. 

Ed Enders suggested spraying weed killer along the fence on the north side of the property. This will be done after sweeping and general clean up of the property. 

Ed Enders suggested removing fire hoses installed within the building. Joe Fisher has been looking into it and is waiting for an answer from the Fire Department to see if it would be legal. 

Joe Fisher reported on the status of the fire inspection. Some things will need to be repaired. Waiting on the inspection report along with an estimate to correct deficiencies from Simplex/Grinnell. 

Ed Enders suggested installing a security system in the building. Decided not to due to cost. 

Joe Fisher reported that the building has been successfully re-keyed. 

Comments were made that the main entry door did not operate properly. Joe Fisher will have “Commercial Contractor” come out and look at the door. 

The next item of business was the wallpaper replacement. A proposal from Tuffy’s was reviewed. Joe Fisher presented samples of the new wallpaper. Joe Fisher moved to approve the proposal from Tuffy’s and start the work as soon as possible. Ron Cooper 2^nd the motion. The motion was approved. 

The next meeting of the Board of Directors will be held on Thursday, June 16, 2005 at the hour of 6:00 p.m. in the 2^nd floor conference room. 

Being no further business to come before the Board to discuss at this time, the meeting was adjourned at the hour of 7:45 p.m.