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CALL TO ORDER
The meeting was called to order by Lance Parker at 5:01 pm. Six (6)
owners were in attendance.
ESTABLISHMENT OF
A QUORUM
There is a quorum of three (3) Board members present.
ACTION ITEM #1:
APPROVE MINUTES
Del Cahill made a motion to approve the minutes from the January 21st,
2021 Board of Directors Meeting as presented. This was seconded by Neal
McCrillis. The motion passed unanimously.
Rick Morel from Alliant/Mesirow answered questions regarding our
insurance renewal.
PRESIDENT’S
REPORT
Lance Parker, President gave the President’s report.
TREASURER'S
REPORT
Del Cahill, Board Treasurer gave the Treasurer's Report. As of December
31, 2020, the Association has $125,569 in its operating account and
$621,917 in its reserve account for a total of $747,486 for total
assets.
ACTION ITEM #2:
APPROVE INSURANCE PROPOSAL
Del Cahill made a motion to approve the insurance proposal provided by
Alliant Mesirow. Lance asked for extra to be charged for cyber
protection. This was seconded by Neal McCrillis. The motion passed
unanimously.
ACTION ITEM #3:
APPROVE ELEVATOR FOB PROPOSALS
Neal McCrillis made a motion to approve the proposals to provide fob
readers in both elevator cabs provided by S&P Integrated Solutions
and Mitsubishi Elevators. S&P will provide the necessary Kantech
equipment and fob readers for $7,261.96. Mitsubishi Elevators will
provide the necessary programming and installation of the readers for
$21,966.71. This was seconded by Del Cahill . The motion passed
unanimously..
INFORMATIONAL
ITEMS
TownSq – Lance Parker
- Lance provided an overview on the TownSq app and benefits
of the communication system.
Pilot program for recycling batteries – Lance
Parker
- Del provided information from Klein and Hoffman to update
our 2019 Reserve study.
Electric Charging Ports – Neal McCrillis
- Neal discussed the study for electric car charging ports in
the parking garage.
MEETING
ADJOURNMENT
Neal McCrillis made a motion that the meeting be adjourned at 6:19 pm.
This was seconded by Del Cahill. The motion was passed unanimously.
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