Skybridge Condominium Association Board Minutes

December 13, 2006

 The seventh meeting of the Board of Directors of the Skybridge Condominium Association was convened on December 13, 2006 at 7:10 PM in the Fitness Center on the 36th Floor. The following directors were present: Joseph Bardusk, Jeffrey Hoosin (via telephone), David March, and Garry Zimmerman.

Management was represented by Andreas Holder, Draper and Kramer Supervisor and Steven P. Hanna, Skybridge Property Manager.

Garry Zimmerman began the meeting by stating that due to an issue with a quorum, the Board was presently trying to reach one of the absent Board Members via telephone. Once Jeffrey Hoosin was reached, Garry announced that the Board was going to vote on all current business while Jeff Hoosin was present. The Board would then follow the normal agenda.

MOTIONS

Approval of the 2007 Operating Budget

Joe Bardusk motioned for approval of the 2007 operating budget.  The motion was seconded by David March and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors of the Skybridge Condominium Association approve the 2007 Operating Budget as drafted including a 1.85% increase.”

 

Ratification of the Contract for the Dry Cleaner’s Wall

Joe Bardusk motioned for the ratification of the contract to build the dry cleaners room. The motion was seconded by David March and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors ratify the contract to build out the dry cleaner’s wall with Downtown Painters.”

 

Ratification of the Lease with Skybridge Cleaners

Joe Bardusk motioned for the ratification of the lease with Skybridge Cleaners. The motion was seconded by David March and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors ratify the lease with Skybridge Cleaners for a period of one year commencing on December 1, 2006 and ending on November 30, 2007 .”

 

Approval of the Landscaping Bids

David March motioned for the approval of the landscaping bids for the redesign and maintenance in 2007. The motion was seconded by Joe Bardusk and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors approve the landscaping contracts with McAdams Landscaping in the amount of $3560.00 for the landscape renovation contract, $4360.00 for the seasonal color contract and $1120.00 for the landscape maintenance contract.”

 

Approval of the Electricity Contract for Common Areas

Joe Bardusk motioned for the approval of the electricity contract for the common areas. The motion was seconded by David March and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors approve the 2 year contract with People’s Energy to provide electricity to the common areas of Skybridge Condominium Association beginning January 1, 2007 and ending December 31, 2008 .”

 

 

Approval of the Installation of the Fitness Room Floor

David March motioned for the approval of the installation of the fitness room floor. The motion was seconded by Joe Bardusk and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors approve the installation of the floor for the fitness room to be.”

 

Approval of the Board Meeting Minutes

Joe Bardusk motioned for the approval of the November 8, 2006 Board Meeting Minutes. The motion was seconded by David March and approved unanimously by the Board.

RESOLVED: “Be it resolved that the Board of Directors approve the minutes of the November 8, 2006 Board Meeting.

 

At this time Jeff Hoosin no longer was involved in the meeting via telephone.

 

The next item on the agenda was the President’s Report.

Due to the absence of the Board President, no President’s Report was given

 

The next item on the agenda was the management report, provided by Steve Hanna.

1. Skybridge Cleaners: The cleaners is now open for business and will be accepting and distributing all packages to the residents. If there are any questions regarding the package policy, please contact the Management Office.

2. Office Additions/Alterations: Management continues to reorganize the office. We have completed the vendor files and will continue with the financial and residential files.

3. Tax Appeal: The appeal for the triennial tax reassessment is being drafted by the Association’s tax attorney and will be filed this month. Management does not expect to receive a determination for several months. Those unit owners who purchased in 2006 will be included in the developer’s appeal as they have opted to appeal separately. There is no need for individual owners to appeal on their own as it will be done by the Association or the developer. Further questions should be directed to Management.

4. 2005 Audit and Association’s Audit: The 2005 audit should be completed this month while the Association’s audit is currently being drafted. The Association hired an independent auditor to complete what is called a forensic audit to ensure that the financials during turnover are correct and complete. Management has been working closely with the new auditor to complete this work.

5. Holiday Fund Reminder: Residents who wish to contribute to the Employee Holiday Fund should drop off checks to the office or front desk no later than Friday, December 15th at 5:00PM . On behalf of the entire staff we want to thank everyone who has or will contribute.

6. Electricity for the Common Areas: Due to the deregulation of the electricity, Illinois residents including large consumers such as Condominium Associations will see a significant increase in utility costs. Rates were frozen for the past nine years, however that freeze has been lifted. Management has obtained four quotes and has recommended to the Board to lock in prices for a period of two years. This will help to minimize the increase as well as keep the cost of this item within budget. Please note, this will only occur for the common areas and not for individual units.

 

The motion to adjourn was made by Joe Bardusk, seconded by David March and approved unanimously.

RESOLVED: That the meeting be adjourned at 7:35 PM .

 

Respectfully Submitted,

Joseph Kerbleski, December 13, 2006

Secretary