Skybridge Condominium Association Board Minutes
September 13th, 2006 Meeting
Management was represented by Andreas Holder, Draper and Kramer Supervisor, Greg Athas, Skybridge Property Manager, and Price Trosin, Assistant Manager.
The meeting began after a presentation by the Terrapin Group, a developer planning a high-rise commercial/residential project southwest of Skybridge on Halstead between Madison and Monroe.
Jeffrey Hoosin began the meeting by calling for the approval of the August minutes. David March moved to approve and was seconded by Garry Zimmerman. The motion passed unanimously.
The next item on the agenda was the President’s report.
President’s Report September 13, 2006.
Good evening and welcome to the Skybridge Condominium Association open board meeting. Tonight we will be discussing hiring a real estate tax appeal attorney. Whichever tax attorney we choose will file an appeal with the Cook County Assessor’s Office for the triennial tax reassessment for 2006, 2007, and 2008. The association hires an attorney to represent all units in a real estate tax appeal. The attorney is paid on a contingency fee basis. They will get a percentage of the savings that they obtain for us. The fee will be billed to the unit that received the reduction. However, it will be considerably less than the tax would have been had we not tried to have the appeal, so it’s a win-win situation for us. The other issue on the agenda is a very important one, it’s the purchase and placement of a FIDO House Kit, which is a plastic bag dispenser and waste receptacle on a pole. At $329, it’s an inexpensive way to help our dog owner residents be good neighbors and clean up after their pets. The major question would be where to place the unit. That will be up for discussion tonight. I encourage all the owners input during the open forum on this matter and on all other matters. The next item is the management report, and welcome back to Greg.
The next item on the agenda was the management report.
SKYBRIDGE MANAGEMENT REPORT,
SEPTEMBER 13, 2006 BOARD MEETING
1.
OWNER OCCUPANCY – 177 Units Closed
As of 9/12/06. 79.4% of the units are owned.
Resident Owners -
146 units (83% of
closed)
Rentals
-
31 units (17% of
closed)
2.
DEVELOPER UNITS NOT CLOSED – 46
Units
As of 9/12/06, 20.6% of the units were not closed
3. MOVE
IN/OUT FOR THE MONTH OF AUGUST
Move-in:
4
Move-outs: 3
. 4 LATE FEES AND DELINQUENCES
Late fees will be in effect for Sept billing. Notices have been posted reminding owners of the new policy. The number of late fees will be reported next month.
Delinquency Data Base:
30days 60days 90days 120days
No. of delinquent owners 6 5 4 14
Subtotals $3,648 $3,606 $3,076 $16,200
Total Delinquent Accounts $26,530
Delinquent Funds Received
$20,000
Of the 14 residents with charges over 120 days, 7 are errors in $30 parking spaces, 3 are incorrect billing from 2004, 1 is in foreclosure, 1 is arranging payments, and 2 have no response and will be sent to our attorney for processing.
5. COMMUNICATION
DISTRIBUTION
There
were no building updates in August
There were
7 notices distributed this past month
6. WORK COMPLETED
2nd Exterior Window Washing Completed - This task was completed late due to permit delays and miscommunication by vendor as to the scope of the work to be performed.
New redesigned screens for slider windows have been
installed - There were delays due to incorrect measurement by vendor
and slight variance of similar units.
New carpet installed in Residential Elevators – The last remaining piece of hallway carpet was used to re-carpet the two main residence elevators. For the future, a new pattern will probably need to be selected. Additionally, the Association has received a quote of $700 to purchase 2 custom permanent mats.
Reworked scavenger service to reduce overall costs – The scavenger service that Skybridge has used in the past has changed ownership. The ordering and billing process had some significant differences. After reviewing the products of the new provider, changes to the type of equipment and pickup schedules have been made, resulting in a reduction of a $1000 per month on average.
Unit 610, Engineer’s Unit vacated and housing stipend to engineer
initiated.
Overnight maintenance person has been hired – Marvin Brooks has been hired as our regular overnight maintenance person who along with Joel Miranda working two overnights will provide maintenance coverage from 10PM to 6AM every night. Mr. Brooks will be trained for 2 weeks on the day time shift before being placed into the night shift.
7.
WORK IN PROGRESS
Annual fire alarm and sprinkler test – The test will be completed this week. So far one device needed to be replaced. For this annual test, the Dominick store will be tested and billed separately.
1st draft of 2007 budget
Awaiting quotes for Refurbishing of Lobby Wood and front desk
extension
Awaiting quotes for freight elevator to garage elevator corridor security
9.
RESERVE FUND
As of 9/1/06, the replacement reserve fund is $147,327.
Respectfully Submitted,
Gregory Athas, Property Manager
Jeffrey stated that the board had just received the required three bids from Tax Appeal Attorney. The board tabled the decision of hiring the Tax Appeal Attorney until they had time to review the bids and speak with the attorneys. The three firms proposing were Fagel/Haber, Amari and Locallo, and Field and Goldberg.
The next item on the agenda was the decision to purchase a FIDO Brand pet cleanup station. The motion was tabled to explore alternatives and also research placement of the station.
David moved to adjourn and the motion was seconded by Garry. The motion carried and the meeting was adjourned.
RESOLVED: That the meeting be adjourned at 9:00 PM.