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Harry O'Halloran, President
Jerry Massa, Treasurer
Murphy-Schmidt, Property Manager
There were seven owners in attendance.
CALL TO ORDER
ESTABLISHMENT OF A QUORUM
Action item #1: Approve MINUTES
Harry O'Halloran moved that the minutes from the May 6, 2015, meeting be approved as written. This was seconded by Jim Skakolski. The motion passed unanimously.
President Harry O'Halloran delivered the President's Report, which included that the 2014 Energy Use Benchmarking is being completed per the city ordinance. This is being performed by our energy provider at no cost to the Association. We are replacing some light bulbs as they burn out with LED type for energy savings and longer usage. We are looking into long range plans for the property. The Board and Cherie continue to monitor expenses.
Bill O'Leary, Property Supervisor, gave the Treasurer's report. As of June 30, 2015 the Association has $107,469 in its operating account and $162,386 in its reserve account for a total of $269,855. The bank loan balance is $274,671.
The management report was presented by Cherie Schmidt.
Action item #2: APPOINT Katie O'Neill to THE board to replace diane Sabol
A motion was made by Harry O'Halloran to appoint Katie O'Neill to the Board replacing Diane Sabol. This was seconded by Jerry Massa and unanimously approved.
Harry O'Halloran moved that the meeting be adjourned at 7:08 pm. This was seconded by Jim Skakolski. The motion was unanimously approved.
Museum Park Lofts I Condominium Association