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# Willamette Towers Board Meeting ## Meeting TUESDAY, April 25th , 2023, 5:00pm via ZOOM Board Members: Hal Dillon, Clyde Horn, Jesse Fittipaldi BMC Personnel: Diane Sollinger, Dave Saraceno Owners: Bill, Barb & Richard Bomball, Linda Seymour, Rick Lowen, Ana Walter, Fanev Walter, Giny Landgreen, Alex Howe, Jerry Hsu ### Call to order: 5:05 PM ### Agenda Approval – Added item Unanimous approval ### Previous Meeting Minutes Approval: : Unanimous approval. ### Treasurer’s Report: #### Operating Account Summary (aka Trust or Checking account) Beginning Cash Balance [03/01/2023] $47,396 Ending Cash Balance [03/31/2023] $42,735 #### Budget–Comparative #### Month-to-Date Actual - Total Operating Income $21,155 - Total Operating Expense ($24,814) #### Year-to-Date Actual - Total Operating Income $62,156 - Total Operating Expense ($78,962) #### Notable Expenditures: Tax prep by CPA Elevator permits/maintenance. Repair/upgrade of entry and exit gates. Replacement (preliminary costs) of electric panels in Commercial units 1307 and 1309. #### Reserve Account Summary Opening Balance [03/01/2023] $508,821 Contributions $19,681 Withdrawals ($7,671) Change in Value $85 Closing Balance [03/31/2023] $520,916 #### Notes about Reserves: Primary Reserve balance: $276,594 Plumbing Reserve balance: $244,237 Due from Reserve to Operating: ($13,614) CD – we will purchase an additional $100k 3-month CD by the end of April. Taxes were reviewed and the State tax withholding will be adjusted so we do not incur a penalty in 2024. #### Move to Accept Treasurer’s report – Unanimous approval ### Owner’s Forum: When will windows be cleaned? - May/June Cigarette butts and trash on 201/202 decks Yelling 11:30 PM or so (from 405?) will try to narrow it down and report. ### CommitteeReports: #### MMRC – Next riser will be in 01 stack next to elevators and will not require a chase built out into the hallway. Bath refit on 13th floor may have some repayment from us – Jesse will review photos of 13th sub-floor piping. #### Green – Bike Room ready – Policy is passed unanimous approval #### Safety – no report ### New Business: Late Fee Waiver requests – Unanimous approval. Stairwell paint for first 3 floors will be refresh by Dave Breaker in main panel replacement payment officially approved. Additional panel replacement work offered by contractor will be reviewed by MMRC Mia Bella 1309 reimbursement of $455.00 on final electrical work - unanimous approval Mia Bella request for paying for electrical work for 1311 space that is sub code after their remodel. - referred back to them to get an architect to look it over and do plans to bring it up to code – they will make sure it is up to code and not up to contractor’s guess. Garbage room signage update – Diane did a sign specifying again that all trash must be in tied up plastic bags. ### Unfinished Business: Garage Towing Company – done Garage Door options – done ### Next Board Meeting: Tuesday May 23, 2023 5PM on the Lawn or via Zoom - if weather is bad. ### Adjourned at 6:05 PM ## WTB ADMIN MEETING Thursday, May 4, 2023 Supplement to March WTB meeting minutes WTB Board: Clyde Horn, Jesse Fittipaldi, Hal Dillon, David Igl BMC Personnel: Diane Sollinger Guests: Richard Bomball, Linda Seymour, Alex Howe Call to order: 5:05PM ### New Business: Vote to appoint Alex Howe to the Board to replace Cody York after his resignation. Thank You Cody! Unanimous ### Adjourn: 5:17 PM