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Past Board Meetings

 

MEMBERS PRESENT

Andrew Jatico, Board President
Daina Gjemre, Board Vice President
Lance Parker, Treasurer
Del Cahill, Director

MANAGEMENT REPRESENTATIVES

Cherie Murphy-Schmidt, Property Manager
Michelle Kamejarin, Property Supervisor

 

CALL TO ORDER
The meeting was called to order by Andrew Jatico, President at 6:03pm. Five (5) owners were in attendance.

ESTABLISHMENT OF A QUORUM
There is a quorum of four (4) Board members present.

ACTION ITEM #1: APPROVE MINUTES
Andrew Jatico made a motion to approve the minutes from the December 5th, 2019 Board of Directors Meeting as presented. This was seconded by Daina Gjemre. The motion passed unanimously

TREASURER'S REPORT
Lance Parker, Board Treasurer gave the Treasurer's Report. As of January 31, 2020, the Association has $168,558.28 in its operating account and $ 497,051.25 in its reserve account for a total of $665,609.53 for total assets.

ACTION ITEM #2: APPROVE INSURANCE PROPOSAL
Lance Parker made a motion to approve the 2020 insurance proposal provided by Alliant Mesirow in the amount of $36,863. This was seconded by Andrew Jatico. The motion passed unanimously.

ACTION ITEM #3: APPROVE LOBBY DECORATING BUDGET.
Lance Parker made a motion to approve a budget of $30,000 of reserve funds allocated in the 2018 reserve study for a minor remodeling of the lobby. It was decided to table this discussion for now.

ACTION ITEM #4: APPROVE JOHN HIGGINSON NOMINATION
Daina Gjemre made a motion to approve the nomination of John Higginson to serve the remaining term of Kristin Zandstra. This was seconded by Del Cahill. The motion passed unanimously.

ACTION ITEM #5: APPROVE ARCHER CONSULTING ENGINEERS PROPOSAL.
Lance Parker made a motion to approve the Archer Consulting Engineers proposal for engineering services to replace the rooftop make-up air unit and condenser unit in the amount of $27,450. It was decided to obtain more proposals and present at the next board meeting.

ACTION ITEM #6: APPROVE KLEIN AND HOFFMAN PROPSAL
Daina Gjemre made a motion to approve approves the proposal from Klein and Hoffman to prepare the repair documents to repair our parking garage in the amount of $9,000. This was seconded by John Higginson. The motion passed unanimously.

MEETING ADJOURNMENT
Andrew Jatico made a motion that the meeting be adjourned at 7:05pm. This was seconded by Lance Parker. The motion was passed unanimously.

   
Museum Park Lofts I Condominium Association

Annual Board Meeting Minutes 02/25/20