AUGUST 25, 2005

The following board members present:

Mike Zimmerman

Ron Cooper

Joe Fisher

James Call

Also present were homeowners:

Ed Enders

Tom Alexander

A Quorum being present, the meeting was called to order by the President, Mike Zimmerman, at the hour of 6:02 p.m.

Minutes of the June 16, 2005 Board of Directors Meeting were distributed and reviewed. James Call moved to approve the minutes as written. Joe Fisher 2^nd the motion

The current receivable report was reviewed.

The July financial report was reviewed.  Joe Fisher moved to approve the July financial report.  Ronald Cooper 2^nd the motion,

Comments made in regards to company ELECTRIC INC., need to install 120 plug on the roof.  In addition Joe Fisher reported to have the wall paper replacement complete soon.  Mike Zimmerman noted that the runners may also need replacement. 

The amendment for ACS to pay for electricity use for their equipment has been written and reviewed by the Board.  Joe Fisher moved to approve the Amendment.  Ron Cooper 2^nd the motion. The managing agent will forward the amendment to ACS for review.

Discussion regarding the fire sprinkler system building code compliance.  In the correspondence letter from the Municipality, stating to upgrade the building sprinkler system with-in the next ten years, the board expressed their concerns.  Several options were presented in financing the project, but in the mean time the board asks the managing agent to have estimates for the sprinkler system upgrade.  The board also asked the managing agent to consult with an insurance adjuster on the install of a sprinkler system.

The bid # 06270501 from OTIS ELEVATOR COMPANY to install emergency unlocking device to each landing was approved. This device will allow elevator personal to release trapped passengers. The bid letter needed to be corrected in stating, lobby to the sixth floor only, not second to seventh floors as stated.  James Call moved and Joe Fisher 2^nd the motion.

Managing agent received a bid regarding the lobby door to have a closing mechanism installed. Ronald Cooper moved to approve the bid.  James Call 2^nd the motion.

Ed Enders requested a copy of the insurance coverage for himself and another homeowner. The managing agent will call Ed Enders as soon it is available to pick up at the office.

The next board of directors meeting will be held on September 22^nd, 2005

Being no further business to come before the board, the meeting adjourned at 7:31 p.m.