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# Wllamette Towers Board Meeting ## Meeting TUESDAY, May 24th, 2021, 6:00pm via ZOOM Board Members: Lauren Dame, Mya Lansing, Hal Dillon, Clyde Horn, Jesse Fittipaldi BMC Personnel: Dave Saraceno Owners: Bill & David Bomball, Rick Lowen, Linda Seymour, John Rose ### Call to order: 6:04 PM ### Agenda Approval – Hal moved, Clyde 2nd - Unanimous approval. ### Previous Meeting Minutes Approval: Lauren moved– with amendment adding info about federal rent grant, Mya 2nd, Unanimous approval. ### Treasurer’s Report: Month ending April 30, 2021 #### A. Operating Account Summary Beginning Cash Balance [04/01/2021] $24,464 Ending Cash Balance [04/30/2021] $28,321 #### B. Budget Comparison ##### 1. Month-to-Date Actual Total Operating Income $19,367 Total Operating Expense ($12,792) Difference: $6,575 ##### 2. Year-to-Date Actual Total Operating Income $77,967 Total Operating Expense ($72,750) Difference: $5,217 #### Notes: At the end of April the commercial account and 8 units show a balance due. They have received reminders. ##### A. Reserve Account Summary Opening Balance [04/01/2021] $258,527 Contributions $18,480 Withdrawals 0 Interest $2 Closing Balance [03/31/2021] $277,009 #### Notes: Primary Reserve balance account: $140,769 Plumbing Reserve balance: $136,240 #### Move to Accept Treasurer’s report: Lauren moved Clyde 2nd - Unanimous approval ### BMC Report: Diane ill, so no report other than attachments sent in. ### Committee Reports: #### MMRC: Riser “J” (06 stack kitchen) work ready to go forward, costs still uncertain due to unknown city permit fees. Project will: - core holes in concrete floors for the plumbing vertical run, - demo drywall in corridor to access plumbing in kitchen, plumbing work within the wall, - wall reconstruction up to current fire code, - construction of new soffit [box] concealing pipes in hallway including decorative carpet patches. Lauren moved, Jesse 2nd to begin project if cost is below $50k. Mya abstained [poor connection] 4 yeas . One louder bell for fire alarms will be purchased [$200] and installed on one floor to test for audibility inside the apartments. #### Security & Technology: No report #### Green Committee: No report ### Owner’s Forum: When will the windows be washed? [Dave has called and emailed White Glove and has not gotten a response, he will contact them again and Diane has also mentioned getting a second bid since we have the safety features now]. Parking access and street during the work being done on Lincoln? [Currently, it is sewer work prepping for the road replacement in June. No idea on how it will affect us yet.] Is there a budget for landscaping mulch out front and in beds? [BMC has done our landscaping in the past. Diane will respond when she feels better.] #### COVID Policies: Are we going to change them to align with the State and CDC? [Since there is no way to know if the person NOT wearing a mask is vaccinated or just ignoring the guidelines, our current masking and deliveries guidelines will remain in place through June] ### Old Business: Federal grant for Shahayla’s commercial space came through after all. Initial denial was due to glitch in their data system. Money was awarded to pay for back rent. Diane reports the money transferred to WT/BMC in May. ### New Business: none ### Next Meeting Tuesday, June 29th 5PM via Zoom ### Adjourned at 6:50 PM