In Attendance 

George Pauley, President; Carlos Vargas, 1st Vice President; Lorraine Meyers, 2ndVice President; Sandra Goldberg, Secretary; Tim Patricio, Property Manager; Mavis Mather, Assistant Manager

Absent

Laura Cossa, Treasurer

Time meeting started at  7:07 pm

Changes to Reserve Projection 

2009/2010

Terrazzo Sealing: Leave terrazzo sealing in the reserve projection – possibly remove from 2012/2013, as the terrazzo will be replaced the next year.

2nd Floor Roof Repairs: Leave in the reserve projection – necessary repair

Hall Carpets: Leave in the reserve projection – spread the cost over 5 years instead of 2.

Health Club Renovation: Remove from projection – add cost of replacing the health club carpet to the operating budget for next year.

Health Club Equipment: Remove from projection – expense is included in the operating budget.

Health Club Locker Rooms: Remove from reserve projection

Lobby Ren/Front Desk: Leave in reserve projection – reduce expense to just replacing the doorman station, and if necessary honing of terrazzo.

Mall Renovations: Remove from reserve projection

Mailboxes: Remove from reserve projection

Office Renovations: Remove from reserve projection

Party Room: Leave in reserve projection – move to year 2010/2011

Elevator Hydraulic Pumps: Leave in reserve projection – remove if professional opinion calls for it.

Riser Study and Repairs: Leave in reserve projection as is

Pipe Insulation ’01:  Leave in reserve projection as is

Entry Drive Repairs:  Remove from reserve projection

Pool Rubber Floor:  Leave in reserve projection as is

Handicapped Accessibility:  Leave in reserve projection as is

North Drive Asphalt:  Leave in reserve projection – change expense to sealing and push back replacement.

Pool Mechanicals:  Leave in reserve projection as is

Reserve Study Update:  Remove from reserve projection

2010/2011

Masonry:  Leave in reserve projections as is

Engineers Apartment:  Remove from reserve projection

Stair Painting:  Remove from reserve projection

Chiller Capital Repairs:  Leave in reserve projection as is

Riser Repairs:  Leave in reserve projection as is

2011/2012

Air Handler Halls:  Leave in reserve projection as is

Air Handler Common Areas:  Leave in reserve projection – reduce expense

Boiler Domestic Water:  Leave in reserve projection as is

Life Safety Enunciator:  Leave in reserve projection as is

Pump Domestic Water:  Leave in reserve projection as is

Trash Compactor:  Leave in reserve projection as is

Asphalt:  Leave in reserve projection as is

Concrete Walks:  Leave in reserve projection as is

Pools Paint Finish:  Leave in reserve projection as is

Riser Repairs:  Leave in reserve projection as is

2012/2013

Canopy Roof:  Leave in reserve projection as is

2nd Floor Roof NW:  Leave in reserve projection as is

Passenger Elevator Cabs:  Leave in reserve projection – reduce expense to $10,000

Riser Repairs:  Leave in reserve projection as is

Circle Drive:  Leave in reserve projection as is

Pool Mechanicals:  Leave in reserve projection as is

Garage Air Handler:  Leave in reserve projection as is

Entry Canopy:  Leave in reserve projection as is

Main Roof:  Leave in reserve projection – Provide report on possibly top coating instead of tear off.

2013/2014

Metal Railings:  Leave in reserve projection as is

Terrazzo Replacement:  Leave in reserve projection as is

Commercial Signage:  Leave in reserve projection as is

Riser Repairs:  Leave in reserve projection as is

Kiddy Pool:  Leave in reserve projection as is

Additional Project Considerations

2010-Critical Exam:  Include in reserve projection

TBA Bike Room Rehab:  Undecided

TBA Intercom Capital Repairs:  Undecided – do not include in next year

TBA Entry Signs:  Include in reserve projection

TBA Branchlines:  Include in reserve projection yearly

Gas Purchase

Upon due motion by George Pauley and seconded by Lorraine Meyers, the Board voted to buy 45% of the gas for the 2009/2010 winter at a cost not to exceed $0.865 per therm.  George Pauley, Carlos Vargas, and Lorraine Meyers voted in favor; Sandra Goldberg voted against; the motion passed.

Adjournment

Upon due motion by Carlos Vargas and seconded by George Pauley the meeting adjourned at 10:03 pm.

Signed (as seen on pdf, clickable at upper right corner of these minutes)

George Pauley, President

Sandra Goldberg, Secretary