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JANUARY 24, 2008
The following owners were represented in person or by
proxy: Austin, Call, Catrillo, Cooper Leasing (2), Enders, Gellert,
Kostenko-Farkas, Kron (3), Lack (2), McCloud, Miller, Morris, Motschenbach,
Shields, Thompson & Zimmerman.
With 20 units or (62.5%) of the
membership represented in person or by proxy, a quorum was established and
the meeting was called to order by the President, Mike Zimmerman, at the
hour of 7:14 p.m.
The minutes of the December 7, 2006
annual meeting were distributed and reviewed. Mike Zimmerman moved to
approve the minutes as written. Ron Cooper 2nd the motion. The
motion was approved.
The Board reviewed a towing reimbursement
request letter from owners of unit #402, Teresa Blume and James Owen.
After careful consideration, the Board denied the request and informed the
Managing Agent to send a notice to the owners. If the owners like to
appeal this decision, the owners must submit, in writing (within the next
30-days), the appeal letter request and submit a copy of the newly
acquired lease agreement the owners just signed into their unit. The
owners will have an opportunity to be heard at the next scheduled Board
meeting.
Ed Enders reported that another cell site
agreement was a possibility, unfortunately, Dobson Cellular backed out of
discussions with the Association. This contract would have generated a
$750.00 per month for the Association.
The winter contractor was instructed to
use ice melt for all sidewalk areas around the building.
The 2007 year-end financial reports and
reserve analysis were distributed and reviewed. The Managing Agent
presented a brief overview of the reports. The reports were approved.
A brief discussion regarding the
Associations CD accounts and interest rates were held. Carol McCloud moved
to reinvest all the CD’s into higher earning interest rate CD’s and to
discuss with a representative from Northrim Bank to maximize the return on
the reserve accounts. Gloria Kron 2nd the motion. The motion
was approved.
The next item of business was the
election of Directors. The floor was then opened for nominations and the
following owners were nominated to the Board:
Mike Zimmerman
Ron Cooper
James Call
Ed Enders
Martha Shields
Being no further nominations Carol McCloud moved to
elect the same Board to another term. Gloria Kron 2nd the
motion. The motion was approved.
Being no further business to come before the general
membership to discuss at this time, the meeting was adjourned at the hour
of 8:15 p.m.
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