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# Willamette Towers Board Meeting ## Meeting WEDNESDAY, March 15th , 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 ### Call to order: 5:03 PM ### Agenda Approval – Unanimous approval ### Previous Meeting Minutes Approval: Unanimous approval. ### Treasurer’s Report: #### Operating (aka: Trust or Checking) Account Summary Beginning Cash Balance [02/01/2023] $65,640 Ending Cash Balance [02/28/2023] $47,396 #### Budget – Comparative Month-to-Date Actual - Total Operating Income $21,021 - Total Operating Expense ($39,748) #### Year-to-Date Actual - Total Operating Income $41,001 - Total Operating Expense ($54,147) #### Notable Expenditures Boiler maintenance and repair [Acc # 5090]: ($3,154) Realtor Fees: 1307 lease [Acc # 5212] ($900) Insurance payment [Acc # 5050] ($20,592) #### Reserve Account Summary Opening Balance [02/01/2023] $508,802 Contributions $0 Withdrawals ($0) Change in Value $20 Closing Balance [02/28/2023] $508,822 #### Notes: Primary Reserve balance: $267,628 Plumbing Reserve balance: $241,174 Due from Reserve to Operating: $13,614 #### Move to Accept Treasurer’s report – Unanimous approval ### Owner’s Forum: When will windows be cleaned? - ### Committee Reports: #### MMRC Plumbing Project Bath refit on 13th floor may have some repayment from us – plumber will submit itemized receipt. Discuss in Admin Meeting #### Green – Bike Room ready – Policy will be passed at next Board meeting, Tablets to test for toilet leaks will be purchased and will be available in mail area soon. #### Safety - Thefts – bike from rack and backpack from car. Investigate $$ for installing cameras for bike room and mail area. ### New Business: Late Fee Waiver request – Unanimous approval. CD – Discuss in Admin meeting ### Unfinished Business: Electrical panels replaced in 1307 & 1309 – next week 1307 lease ratification of terms – done Garage Towing Company – done Garage Door options – Discuss in Admin meeting Bike Room budget increased $500 to seal floor approved via email ### Next Board Meeting: Tuesday April 25, 2023 5PM via Zoom ### Adjourned at 6:06 PM ### Admin meeting: Clyde, Hal, Jesse, & David – Garage door design chosen authorized paying $6745 for fenestrated more rigid door that is less prone to jamming.-unanimous 13th floor bath remodel – we will look over the itemized receipt from the contractor and fund the parts that we would have done for current project CD purchase – Authorize $100k 3-month CD – unanimous - done