View the official pdf version of the minutes

# Willamette Towers Organizational Board Meeting ## Meeting TUESDAY, March 29th, 2022, 4:30pm via ZOOM Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi, Cody York BMC Personnel: Diane Sollinger, Dave Saraceno Owners: Bill, Barb & Richard Bomball, Giny Landgreen, Rick Lowen, Linda Seymour, Tom Ferrer ### Call to order: 5:03 PM ### Selection of Officers: President: Clyde Horn Secretary: Cody York Treasurer: Hal Dillon Member at Large: Jesse Fittipaldi, David Igl (absent) ### Adjourned at 5:05 PM ## WILLAMETTE TOWERS BOARD MEETING ### Call to Order: 5:06 PM ### Agenda Approval – Unanimous approval ### Previous Meeting Minutes Approval: Hal Moved, Jesse 2nd - Unanimous approval. ### Treasurer’s Report: #### Month ending February 28, 2022 ##### Operating Account Summary Beginning Cash Balance [02/01/2022] $53,431 Ending Cash Balance [02/28/2022] $56,094 #### Budget Comparison ##### Month-to-Date Actual Total Operating Income $20,667 Total Operating Expense ($33,301) ##### Year-to-Date Actual Total Operating Income $40,671 Total Operating Expense ($47,955)Notes: Large expenditures: Property insurance: $16,510 Gate maintenance: $1,790 (final payment for recent entry gate repair) #### Reserve Account Summary Opening Balance [02/01/2022] $404,266 Contributions $3,232 Withdrawals $0 Interest $3 Closing Balance [02/28/2022] $407,501 #### Notes: Primary Reserve balance: $188,424 Plumbing Reserve balance: $219,074 ### Committee Reports: #### MMRC: Plumbing plans and permits all ready, special consultant required by City lined up. #### Safety: Discussed fence proposal and projected costs for current design – back to committee for more cost-cutting. #### Green: Discussed Community Space, indoor and outdoor possibilities. Mentioned that they had one preliminary estimate for solar addition to roof when it is re-covered in 5 yrs or so. ### BMC: Garbage can replacement for East side will cost $550. Clyde moved to buy and install the can Jesse2nd – unanimous 03 Plumbing stack question – to MMRC Asphalt resurface at North end of building. - Jesse and Clyde will look it over for next meeting decision. ### New Business: Confirm Board Officers – done. Late fee waiver request – granted Need Officer to sign taxes to send in - will be in the Office with Dave. ### Old Business: Dish wants to visit Board meeting in April [Willamesh too] 1309 reimbursement request – A list of agreed to work needs to be submitted by them with $ for each 1307 lease offer – will be reviewed at Admin meeting below. ### Owner’s Forum: What do you mean Air BnB’s are now OK? - Following Oregon Condo Law and the current Oregon Health Authority COVID rules, we have eased our COVID restrictions to the State-mandated amount of 30 days minimum to avoid being “hotel like” and thus disallowed. Without a change to our Bylaws, we must abide by that State definition. A Yes vote of 75% of owners is required to change the minimum stay definition of “hotel like.” ### Next Meetings: Administrative Meeting Tuesday, 4-5-22 after the 4:30 – 5:30 MMRC meeting via Zoom. Regular Meeting Tuesday, 4-26-22 5:00 PM ### Adjourned at 5:54 PM ### ADMINISTRATIVE MEETING: Tuesday, 4-5-22 5:00 PM Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi, Cody York BMC Personnel: Diane Sollinger, Dave Saraceno Owners: ### 1307 Lease Discussion/Counteroffer/Refusal – Diane will write up a draft version of our terms as discussed for our approval before sending it to prospective lessee.