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# Willamette Towers Board Meeting ## Meeting WEDNESDAY, July 13th, 2022, 5:00pm Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi, David Igl BMC Personnel: Diane Sollinger, Dave Saraceno Owners: Tom Ferrer, LaDonna Qualitieri, Bill Bomball, Richard Bomball ### Call to order: 5:02 PM Beth Dau came in to discuss 1307 lease opportunity. Her task is to get plans from her contractor and take those to the City to determine if she is required by code to have customer parking. If so, can she find appropriate spots. ### Agenda Approval – Approved ### Previous Meeting Minutes Approval: ### Treasurer’s Report: #### Operating Account Summary Beginning Cash Balance [06/01/2022] $47,046 Ending Cash Balance [06/30/2022] $48,432 #### Budget – Comparative Month-to-Date Actual: Total Operating Income: $20,218 Total Operating Expense: ($18,274) #### Year-to-Date Actual Total Operating Income $121,060 Total Operating Expense ($121,529) #### Notable Expenditures: None #### Reserve Account Summary Opening Balance [06/01/2022] $459,174 Contributions $19,681 Withdrawals ($0) Interest $4 Closing Balance [06/30/2022] $478,859 #### Notes: Primary Reserve balance: $224,224 Plumbing Reserve balance: $254,635 ### Committee Reports: ####MMRC: Plumbing will start in the next few weeks with the 06 stack. #### Safety: nothing to report #### Green: Awaiting bike storage survey results. ### BMC: Reiterated parking sealant schedule August 8th – 13th top deck cannot have anyone parking on it while it is cleaned, dries, sealant is applied, and the sealant cures. All cars must be off the surface, so towing of cars may be required. ### New Business: none ### Old Business: All will be done in Admin meeting 1309 reimbursement request 1309 Panel - 1311 lease offer – will be reviewed at Admin meeting below. Lighting Plumbing ### Owner’s Forum: none ### Next Meetings: Admin Meeting: Friday July 22nd 2022, 4:45PM Regular meeting: Tuesday, August16, 2022, 5:00pm ### Adjourned at 5:54 ### PM ADMINISTRATIVE MEETING Friday, July 22nd, 2022, 4:45pm Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi, David Igl BMC Personnel: Diane Sollinger, Dave Saraceno Owners: ### Call to order: 4:45 1307 – Diane will send email to Beth Dau that we need to hear from her about what the City has decided about mandatory parking spaces by September 1. 1309 – Hal moved and David 2nd to pay the $1185 contribution to electrical and plumbing upgrades. Passed unanimously. Hal Moved, Clyde 2nd to have a new electrical panel installed facing into the hall [also have a new panel installed into the 1307 space.] - work to be done by Bear Mountain at a cost of up to $3050 each. In-unit cosmetic repair of wall where panel has been moved is the lessee’s responsibility. 1311 – Diane will send email with lease to Heidi et al. New Lease to end at the same time as the current 1309 lease. Lighting wiring and internal plumbing have been determined to be up to the lessee as the wiring state is a result of their modifications. Plumbing for the building will update the feed lines when the schedule of the upgrade project reaches that riser. 403 - Realtor letter will be sent by Diane stating our position. ### Adjourned 5:18PM