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# Willamette Towers Board Meeting ## Meeting TUESDAY, January 11th , 2022, 5:00pm via ZOOM Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi BMC Personnel: Diane Sollinger, Dave Saraceno Owners: Bill, Barb & Richard Bomball, Jean Kern, Cody York, Tom Ferrer ### Call to order: 5:05 PM ### Agenda Approval – Unanimous approval with additions Previous Meeting Minutes Approval: : Unanimous approval. ### Treasurer’s Report: #### Operating Account Summary Beginning Cash Balance [12/01/2021] $40,411 Ending Cash Balance [12/31/2021] $44,935 #### Budget Comparison ##### Month-to-Date Actual Total Operating Income $18,316 Total Operating Expense ($13,859) ##### Year-to-Date Actual Total Operating Income $241,217 Total Operating Expense ($206,370) #### Notes: NONE #### Reserve Account Summary Opening Balance [12/01/2021] $369,425 Contributions $18,480 Withdrawals $95 Interest $3 Closing Balance [12/31/2021] $387,814 ##### Notes: Primary Reserve balance: $181,014 Plumbing Reserve balance: $206,800 Annual account fee: $95 Move to Accept Treasurer’s report – Clyde moved, Jesse 2nd, Unanimous approval ### Committee Reports: #### MMRC: Plumbing project applied for permits. Awaiting bill from city for issuing them. ### Limited Agenda: Reviewed draft documents for Annual Meeting packet. Suggested corrections and Diane will make changes and send them out. ### Old Business: Rental/lease of 1307 – 2 different Tattoo Artists are interested as well as a Design Studio owner, so we have three interested parties. Diane will contact all of them and request proposals of what they want from us and then we will begin negotiations. First one signed is the new tenant. It was decided that the 1307 space square footage will not be decreased by the Association for repurposing an existing room as a condo office. Leasing/Rental discussion was started about updating our Policies and By-Laws about owners renting out their units via AirBnB, VRBO, et al., on-line portals. This will be taken up by the new Board and will require 75% of total owners yes votes to pass. ### Next Business Meeting February 22nd, 2022 5:00 - 5:30PM via Zoom ### ANNUAL MEETING WILL BE FEBRUARY 22nd @ 6:00PM VIA ZOOM WITH PROXY VOTING VIA EMAIL Documents, including voting information, and the statements of prospective Board Members will be solicited and sent out in first week on February to allow time for reading, contemplation, and replying before the meeting. Mail in Proxies will be solicited before the meeting, and meeting attendees’ voting will be available via email. ROLL CALL TO ESTABLISH A QUORUM WILL BE DONE VIA PROXY COUNT AND ZOOM MEETING ATTENDANCE COUNT. Those who submit proxies but also attend the meeting will have their proxies pulled and they will vote via email to Diane instead. ### Adjourned at 5:47 PM