Parc on Summit

 CONDOMINIUM HOMEOWNERS ASSOCIATION

Date:

April 21, 2016

GFK Offices

6:30 PM

AGENDA

6:30 Call Meeting to Order

  Present:

6:30-6:45 Homeowners Open Forum 15 min

N504 sold we will be getting a portion of the total hoa dues and special assessment.

Plants look good. Are becoming difficult to maintain without water system. Anthony is

6:45-6:50 Approval of prior month's meeting minutes- February 2016

Fixed spelling of Phillips last name as Arnautoff        

Alin motions Galan Seconds Approved

6:50-7:05 Financial Report

• Operating Cash Account        $70,282.77 –includes $30K in insurance proceeds          
• Reserve Account(s)                 $306,716.55.- including insurance reserves         
• SA Account(s)                 $170,134.78         
• Total Assets                        $547,134.10

                We need to pay out for Swanson unit insurance claims. Will cost 28k. We will need to pay out of operating account. Despite receiving some money for this it has been put in operating account and spent when poorly accounted for previously.

Reserve account has been fully funded every month since GFK has taken over.

Galan would like to move forward on getting CondoInternet (now part of Wave). Will look more details and pricing.

7:05-7:25 Old Business- updates

• Preventative Maintenance plan- Bid for approval attached- bid approved scheduling with a 3 week lead time
• Bed bugs- preventative maintenance.
  Things are going well so this will be removed from future meetings except in the case of an outbreak.
• Landscaping to the building- board approved 10K in expenditures- Project is underway, this expense will come out of the SA OP Account- project complete.
  Everything looks good
• Back Fence- need a clear scope from Fire Department – Bid for approval attached- bid approved, discussion regarding replacement of green area required.
  5000 to landscape greenspace behind where fence will go on mini wall.
• Time line for purchase of furniture and grills for roof top decks- to be purchased in March- Anthony and Megan will be shopping $5000 budget for each roof top deck.
  
• Re-vamp of rules and regulations- on going

7:25-8:00 New Business/Items for discussion

None.

Executive session

Adjournment

Tabled Items

• Building key fob system
• Upgrade Cable and Phone lines with another system/Remote or new install
• Bring the Security Camera system back on line. Add more cameras Via Intercom, Parking garage and Side entrances
• Garage insulation-