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# Willamette Towers Board Meeting ## Meeting THURSDAY, July 29th, 2021, 5:00pm via ZOOM Board Members: Jesse Fittipaldi, Hal Dillon, Clyde Horn BMC Personnel: Erica Moreland Owners: Jean Kern, Bob & Richard Bomball ### Call to order: 5:15 PM ### Agenda Approval [with additions]– Clyde moved, Hal 2nd - Unanimous approval. ### Previous Meeting Minutes Approval: Hal moved– Jesse 2nd, Unanimous approval. ### Treasurer’s Report: Month ending June 30, 2021. #### Operating Account Summary Beginning Cash Balance [06/01/2021] $29,122 Ending Cash Balance [06/30/2021] $28,358 #### Budget Comparison ##### Month-to-Date Actual Total Operating Income $20,137 Total Operating Expense ($15,581) ##### Year-to-Date Actual Total Operating Income $124,260 Total Operating Expense ($101,052) #####Notes: Other than the commercial account there are three units with balances due as of July 8, 2021. One of the three units that has paid is requesting a waiver of the late fee. #### Reserve Account Summary ##### Opening Balance [06/01/2021] $295,492 Contributions $18,480 Withdrawals 0 Interest $3 ##### Closing Balance [06/30/2021] $313,974 ##### Notes: Primary Reserve balance: $160,932 Plumbing Reserve balance: $153,042 ##### Move to Accept Treasurer’s report: Clyde moved , Jesse 2nd - Unanimous approval ### BMC Report: Diane absent with schedule conflict. - All Actiongrams dealt with. Items assigned to Board have been added to the Agenda. Other items - Window treatment to allow portable AC unit to vent to the outside is being worked by Dave. - Fine letter sent to Owner and Renter in 701 for Smoking violation since the ignored the Warning sent a week ago. - Late fees waived per request. Clyde moved, Hal 2nd, unanimous. - Damage to lock box near driveway keypad will be checked out by BMC tech and they will let us know. - Suggested increase in move in/out fees to also cover wear and tear on building and elevators will be discussed after we have current cost information from BMC. ### Committee Reports: #### Security & Technology: Car prowl and theft – reminder sent to all owner that it is good practice to NOT have anything of value visible in your car. Bill Bomball volunteered to join the committee to help research if a wall addition along the back would be possible. #### MMRC: no report #### Green: no report ### Owner’s Forum: Car prowl and theft discussed and forwarded to Security Committee. Hal will check with City about permissible wall additions and wall height waivers. Fire Alarm test of new bell didn’t sound loud enough. We will test with entire floor to see if that is true. Dave will coordinate with City prior to test. ### Old Business: CPA bid to perform Reserve Study and Preventive maintenance review was budgeted at $6500 in October 2019. CCR company has the same price as the previous bid. Pay CCR the $6500 to perform a “Level 1” Reserve study and a “Preventive Maintenance” audit. Hal moved, Clyde 2nd – unanimous. ### New Business: Mask Policy will change to match the CDC: Current recommendation is to have ALL masked when indoors. Deliveries to the doors can continue if the delivery person is masked. Elevators are again one family per ride. Notice will be sent to all. 05-07 plumbing costs dispute will remain with the occupants of the units and the Board will not become involved. BMC will draft and send letters. ### Next Meeting Tentatively set for August 24 or 25 TBD 5PM via Zoom ### Adjourned at 6:10 PM