Skybridge Condominium Association Board Minutes

August 9, 2006 Meeting

The third meeting of the Board of Directors of the Skybridge Condominium Association was convened on August 9, 2006 at 7:00 PM in the Fitness Center on the 36^th Floor.  A quorum (4 of 5) of board directors was present:  Joseph Bardusk, Jeffrey Hoosin, Joseph Kerbleski and Garry Zimmerman.  Management was represented by Andreas Holder, Draper and Kramer Supervisor, and Price Trosin, Acting Skybridge Property Manager.

The meeting began with the Jeff Hossin’s President’s Report, which is listed below:

GOOD EVENING AND WELCOME TO THE SKYBRIDGE CONDOMINIUM ASSOCIATION’S OPEN BOARD MEETING.

TONIGHT THE BOARD WILL BE VOTING ON THE SELECTION OF THE ASSOCIATION’S ENGINEERING FIRM TO INVESTIGATE THE PHYSICAL CONDITION OF THE BUILDING AND IDENTIFY ANY CONSTRUCTION DEFICIENCIES THAT MAY EXIST.  THEY WILL WORK IN CONJUNCTION WITH THE ENGINEERING COMMITTEE.

SPEAKING OF COMMITTEES WE WILL APPOINT BOARD MEMBER REPRESENTATIVES TO SERVE AS COMMITTEE CHAIRMEN ON EACH COMMITTEE EXCEPT THE SOCIAL COMMITTEE.

THE OWNERS THAT HAVE SIGNED UP TO BE ON COMMITTEES WILL BE CONTACTED SHORTLY TO ARRANGE THE MEETINGS. 

THERE’S A LOT TO DO AND WE DEFINITELY NEED YOUR HELP.

ANOTHER ISSUE THAT HAS COME UP RECENTLY IS THE PROPOSED ZONING CHANGE FOR THE MB BANK LAND DIRECTLY TO THE SOUTH WEST OF OUR BUILDING AT MADISON AND HALSTED.

IT IS MY UNDERSTANDING THAT THE CURRENT ZONING ALLOWS FOR BUILDINGS IN THE WEST LOOP TO ONLY BE AS TALL AS 12 STORIES.  THEY WANT TO BUILD TWO TOWERS THAT WOULD BE 17 AND 20 STORIES. 

SKYBRIDGE WAS GRANTED A ZONING VARIANCE DUE TO THE FACT THAT OUR DEVELOPER BROUGHT IN A MAJOR IMPROVEMENT TO THE AREA BY INCLUDING DOMINICK’S IN THEIR PLANS. 

SOME RESIDENT HAVE VOICED CONCERNS OVER THE CONGESTION THAT TWO NEW HIGHRISE TOWERS WOULD CREATE, AND WHAT WE AS AN ASSOCIATION SHOULD DO ABOUT THIS, IF ANYTHING.

ALSO AS YOU KNOW THE BOARD WILL BE VOTING ON THE LATE FEE RULE CHANGE TONIGHT. 

(Insert Management Report)

MOTIONS

Approval of July 18, 2006 Skybridge Board Meeting Minutes

Jeffrey Hoosin opened the meeting and called for approval of the July 18, 2006 Skybridge Board meeting minutes.  Garry Zimmerman motioned for approval of the July 18, 2006 Skybridge Board Meeting Minutes.  The motion was seconded by Joe Kerbleski and approved unanimously by the board.

RESOLVED: Approval of July 18, 2006 Skybridge Board Meeting Minutes.

Appointment of Chairs for Committees

There was a short discussion on formation of 5 committees and recommendations of board members to head each committee.  Following the discussion, Jeff Hoosin proposed the following resolution. The resolution was seconded by Garry Zimmerman and approved unanimously by the board.

RESOLVED: The Board of Directors appoints:

·        Garry Zimmerman as chair of the finance Committee,

·        Joseph Bardusk as chair of the Engineering Committee,

·        Joseph Kerbleski as chair of the House and Grounds Committee,

·        David March as chair of the Rules and Regulations Committee, and

·        Jeffrey Hoosin as chair of the Operations Committee.

Assessments and Late Payment Charges:

At the July 18, 2006 Board meeting, the Board of Directors proposed the below change to the Rules and Regulations of the Skybridge Condominium Association in regards to late payments of assessments.  This rule change was posted and sent to all Skybridge owners.

Assessments and Late Payment Charges:

All monthly assessments, special assessments or any other lawful fees including, without limitation, any maintenance charges, service fees, late charges and fines are due and payable in full on or before the first (1^st) of each month.

Payments received after the fifteenth (15^th) day of the month are considered late and subject to a $50.00 late payment charge.

Payments made by checks returned for insufficient funds are subject to a $50.00 charge plus prevailing bank service charges.

Joe Kerbleski proposed the following resolution: The motion was seconded by Garry Zimmerman and approved unanimously by the board.

RESOLVED: The Board of Directors institutes a LATE FEE POLICY for all monthly unit assessments that are unpaid after the 15^th of the month.  Said fee will be $50 per month.

Engineering Study Approval.

Joe Kerbleski motioned to hire the HPZD and engineering firm to conduct an engineering assessment and reserve study for Skybridge.  The motion was seconded by Garry Zimmerman and passed unanimously.

RESOLVED:  The Board of Directors accepts the proposal dated August 4, 2006 from the HPZS Engineering COMPANY TO PERFORM A Property Assessment and Reserve Engineering Study for $18,500.

Meeting Adjournment

Garry Zimmerman moved to adjourn the meeting.  The motion was seconded by Jeff Hossin and passed unanimously.  Meeting adjourned.

RESOLVED: That the meeting be adjourned at 7:30 PM.

Respectfully Submitted,