Skybridge Condominium Association Board Minutes

November 1, 2007

 

The fifteenth meeting of the Board of Directors of the Skybridge Condominium Association was conveyed on November 1, 2007 at 7:05 PM in the Fitness Center on the 35th Floor. The following directors were present: Jeffrey Hoosin, Garry Zimmerman, Joseph Kerbleski and Nina Landen.  In addition, Joseph Bardusk was absent for the Board meeting but present at the executive session.

Steve P. Hanna, Draper and Kramer Supervisor and Yon Kim, Skybridge Property Manager represented Management.

Jeffrey Hoosin began the meeting by establishing a quorum. Joseph Bardusk was absent.

 

Approval of the October 11, 2007 Skybridge Board Meeting Minutes:

Jeffrey Hoosin called for the approval of the October 11, 2007 Skybridge Board Meeting Minutes. Joseph Kerbleski moved for approval of the October 11, 2007 Skybridge Meeting Minutes. The motion was seconded by Nina Landen and approved unanimously by the Board.

RESOLVED: Approval of October 11, 2007 Skybridge Board Meeting Minutes.

 

The next item on the agenda was the President’s report, provided by Jeffrey Hoosin.

Jeff Hoosin welcomed Yon Kim, new Property Manager, who will be starting on Monday, November 5, 2007. After a long hard search, the Board has chosen the best candidate which will help make a solid team with Steve Hanna who will now be the Property Supervisor.  Board will approve the distribution of the proposed 2008 Operating Budget with no increase in assessment.  Steve Hanna, Garry Zimmerman and the financing committee did a great job in preparing the budget.  In addition, there will be an increase in our contribution into the reserves in 2008.  Also, we are going to be distributing a “Maintenance Price List” which will itemize charges for work orders including labor and materials.  These will be charged back to the unit owners when appropriate.  2008 approved budget will be mailed out to the owners for review, which will be adopted at the next Board meeting scheduled for December 6, 2007.  Lastly, the Board will approve the 2006 mid-year audit, which was preformed by our auditors Nyborg and Company.

 

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

 

 

1. New Manager: The new Skybridge Manager, Yon Kim will begin on Monday, November 5, 2007.  Steve Hanna, plan to stay in the office until Yon Kim is properly trained and up-to-speed on the current projects/issues.

2. Budget distribution: The Board will approve the distribution of the 2008 proposed operating budget.  Please remember this is only approval to distribute. The official adoption will not happen until the meeting that will be held the first week of December. This will satisfy the IL Condominium Act mandating that Board’s give the ownership at least thirty (30) days to review the proposed budget and give their comments. The meeting will be held prior to the regularly scheduled Board Meeting on Thursday, December 6th.  A budget meeting will be held in order to give the ownership a chance to comment on the approved budget prior to a regular Board Meeting to adopt the budget.

3. Garbage Check has been deposited: Per David Sugar the check collected from Glenn Emig, the developer’s representative, for the garbage charges have been cashed. This will be applied against the balance owed included in the reconciliation documents. No further action is required at this time.

4. Lobby Renovations: This project continues. Scandinavian Builders has been trying to obtain the wall protection but has had some difficulty. Management has pressured them to complete this project. To date no money has been paid for this work and will not until the project is complete. Our maintenance staff will be performing touch-up work in the lobby this week as well. 

5. Door in Garage Elevator Lobby: On hold at this time.

6. Fitness Room Closures: Needs to be discussed further. Management did some research and found that each building has their own set of rules. There is really no “standard.” Skybridge is unique in that there is a unit directly below the fitness room. In cases where residents complained of noise from the fitness room, some Associations chose to close the room at night while some opted to leave it open. For those that close the room, the hours varied from as early as 10:30PM to as late as 1:00AM opening back up anywhere from 5:00AM to 7:00AM.

7. Developer Reconciliation Update: David Sugar is sending a response directly to Glenn Emig, the developer’s representative.

8. Freight Elevator Project: On hold as well. 

9. Units Sold by Developer: Below is an update on how many units the developer has sold from November 2006– October 2007.

November:       9 Units             and       10 Parking Spaces

December:        2 Units             and       2 Parking Spaces

January:            4 Units             and       5 Parking Spaces

February:          2 Units             and       2 Parking Spaces

March:             4 Units             and       4 Parking Spaces

April:                5 Units             and       6 Parking Spaces

May:                4 Units             and       5 Parking Spaces

June:                 1 Unit               and       1 Parking Space

August: 1 Unit               and       1 Parking Space

September:       2 Units             and       3 Parking Spaces

As of October 29, 2007 the developer still owns:

9 Units or approximately 4.07%

36 Parking Spaces or approximately 13.38%

 

The next items on the Agenda were the Committee Reports.

Financial: Provided by Garry Zimmerman – Chair

There will be zero percent increase in our assessment.  We are raising our reserves to $70,000 a year from $50,000 a year which a forty percent increase.  We have decreased some of our expenses thanks to the help of the Board and other residents from the building.  Attached with the proposed budget is a list of charges, which we are proposing for the building to minimize residents taking advantage of our maintenance staff to work in their units.  At the moment, we have been doing it at a loss for the building but going forward we are going to attempt to recoup our expenses.  Everybody can still contact our maintenance staff but it will be a fair and an equitable manner for everyone.

House and Grounds: Provided by Joseph Kerbleski – Chair

A meeting is scheduled for next Thursday, November 8th. We did want to convey to the Board, one of the big issues is the overall maintenance and cleanliness of the building.  One of the suggestions is that we like to start a top 10 list or a top 20 list which will be discussed in the monthly House and Grounds meeting.  All issues will then be relayed back to the Board for further discussion and resolution.

Rules and Regulations: Provided by Nina Landen – Chair

We have a meeting next Thursday, no report at the time.

Engineering: Provided by Joseph Bardusk – Chair

Not present at this time.

 

Social: Provided by Vanessa Alcocer – Chair

No report at this time.  Not present at the meeting.

 

MOTIONS

 

  1. Approval of the distribution of the approved 2008 operating budget

Garry Zimmerman motioned for the approval of the distribution of the proposed 2008 operating budget. The motion was seconded by Nina Landen and approved by the Board.

“Be it resolved that the Board of Directors of the Skybridge Condominium Association approve the distribution of the proposed 2008 operating budget to distribute to the owners of record.”

 

  1. Approval of the 2006 mid-year audit performed by Nyborg & Company

Garry Zimmerman motioned for the approval of the 2006 mid-year audit performed by Nyborg & Company. The motion was seconded by Joseph Kerbleski and approved by the Board.

“Be it resolved that the Board of Directors of the Skybridge Condominium Association approve the 2006 mid-year audit performed by Nyborg & Company.”

 

RESOLVED:  Jeff Hoosin motioned to adjourn the meeting at 7:25 PM and approved by the Board.

Respectfully Submitted,

 

______________________________

Joseph Kerbleski, December 6, 2007

Secretary