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MINUTES OF THE  WORONZOF CONDOMINIUM ASSOCIATION
BOARD OF DIRECTORS MEETING

May 29, 2008

The following directors were present: Ed Enders, James Call, and Ron Cooper.

 A quorum was established and the Managing Agent, Tae Hong, called the meeting to order at the hour of 3:06 p.m.

 The Minutes of the March 6, 2008 Board of Directors Meeting were distributed and reviewed. Ron Cooper moved to approve the minutes with corrections. Ed Enders 2nd the motion. The motion was approved.

 The April 2008 financial reports and current receivable reports were distributed and reviewed. The balance sheet reflects Building Equipment as an asset in the amount of $2,488.00. Ron Cooper stated that this might be the booster pump and storage tank that is no longer in use, which is stored in the basement. Due to the fact that no one on the Board knows what the Building Equipment is related to, Ron Cooper moved to depreciate the Building Equipment value in the amount of $2,488.00 to $0.00. Ed Enders moved to approve with reallocation. Ron Cooper 2nd the motion and the motion passed.

 Old Business:

1.      Cameras – It was decided to table this issue until a meeting can be arranged with Greg Tyler (Action Security) for the next Board meeting.

2.      ACS Contract Renewal –Ed Enders suggested increasing the monthly rent to $900.00 for the next five years. The proposed contract was distributed and reviewed.

a.       The Board would like to add to the contract the option to renegotiate at the end of the five-year term.

b.      The Managing Agent will mail to ACS.

 New Business:

1.      Sweeping – Ed Enders reported that light sweeping was needed on the carport roof. 

2.      Crack Seal –The Board approved to crack fill the entire parking area.

a.       Ed Enders would like to also repaint any parking lines that were sealed.

3.      Janitorial – Ed Enders reported that the janitorial crew has been exceptional and the Association should consider a 10 % increase to their current contract.

a.       Ron Cooper 2nd this consideration and the Board approved.

 Action items:

  1. CERTIFIED MAIL ASC CONTRACT.
  2. MEETING WITH ACTION SERCURITY/CAMERAS.
  3. SCHEDULE CRACK SEAL/FILL CONTRACTOR.
  4. SCHEDULE ROOF SWEEPING.
  5. CHECK WITH CPA ON REMOVING BUILDING EQUIPMENT ASSET.
  6. INFORM JANITORIAL COMPANY OF 10% INCREASE TO CONTRACT.

 The next Board of Directors meeting will be held on Thursday, July 24, 2008 at the hour of 6:00 p.m. The meeting will be held on the 2nd floor conference room.

 Being no further business to come before the Board to discuss, the meeting was adjourned at the hour of 5:01 p.m.