February 24, 2000

President Martha Shields called the meeting to order at approximately 7:10PM. A quorum of 74.13% of owners was established, in person or by proxy. Mike Courtney, Association Fiscal Manager, established Proof of Notice, and then read the minutes of the last Annual Meeting. Mike Zimmerman motioned to approve the minutes, and Carol Austin seconded. The motion passed unanimously. Martha Shields read the Presidents Report. A thaw line was installed on plumbing pipes in the East stairwell to prevent freeze-ups and weather-stripping was installed on the stairwell doors to keep the air from getting to the pipes. She also reported that the Board was testing a more efficient light build in some of the common areas.  She also asked all owners to check their appliances, as there had been a fire on the fourth floor caused by a dryer problem. The Association continued to have problems with patrons of Chilkoot Charlie’s parking in the commercial parking areas at night. She also reported that the Board was still working to finalize the tower-refurbishing project.

Old Business: Ed announced a total of three bids for the tower project, which came in at 79K, 103K, and 114K. He said the two higher bids were not as comprehensive as the low bid, and he felt they were the best way to go. Most agreed that the stucco finish would be preferable to a simple paint job.  He reported that the Association looked into borrowing the money, but it would involve a change to the Declaration, which could be problematic. The Association had enough funds to cover about $30,000 of the job, but would need to raise another $50,000. There was some general discussion on the general health of the Association and the Reserve Account, and the possible impact of higher dues for the project. The pros and cons of a special assessment were also discussed.

Kris Conquergood motioned to assess the owners in the amount of $50,000 to accomplish the roof repair contract for the $79,000 bid. Mike Zimmerman seconded the motion. The vote was unanimous. Mike Courtney, Fiscal Manager, gave a brief account of the financial health of the Association and reserve accounts. The budget looked good for another year at the same level, with the exception of the pending assessment for the towers.   

New Business:  Martha reported that several fire extinguishers had to be replaced because they were either missing or had been discharged. She also asked owners to be courteous when parking and not to use visitor parking for their second vehicle. James Call also cautioned owners to watch for car break-ins.

Martha then opened nominations for the Board of Directors: Dave Morrison moved to accept the same slate of Directors, with the exception of Nina Cornett, who had resigned. He moved to replace Nina with James Call. Mike Zimmerman seconded the motion, and it passed unanimously.

Mike Zimmerman motioned for adjournment; Joe Fisher seconded the motion. The meeting adjourned at approximately 8:30PM.