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