(01/20/2009) Corrine will have final numbers for Feb meeting. Bill asked for copies bank statements for the full year 2008.
(03/17/2009) Bill is working with Modica's accountant to straighten out and simplify our financials. MA to send out the trustee ballots to the owners by mail (no quorum at the annual meeting), together with the financials in about two weeks.
(05/19/2009) Bill is working with Modica's accountant to reformat the monthly financial statements to make them easier to understand. Bill and Doug are also working to reorganize the financials for mailing out to the owners. So far the following problems have been identified: 1) balance sheets need to match the assets; 2) certain column items are superfluous and can be removed from the budget comparisons; 3) bank statements do not reflect the cut checks that have not yet been cached by the payee.
(06/16/2009) Suggestion that statements include a current balance sheet that reflect actual assets puchased by the trust beside just cash. Still waiting for final balance on exterior work.
(08/18/2009) Bill met with MA’s accountant and redid the summary for 2008. Transfer from reserve and other expenses items have been cleaned up, and the totals have changed as a result. Bill proposes to add footnotes when the new financial summary is sent to the owners. MA will put the new financial summary in a digestable form for the owners. Bill created a summary of income and expenses for the masonry project. The following will be mailed to the owners: reconciliation of 2008 financial summary with the footnotes, the masonry project summary, and trustee voting forms.
Tuesday, January 20, 2009
Friday, January 16, 2009
November 18 Meeting
Attending:
Structural Needs Assessment Report
BG noted that mortar sunk in in the alley on Queensberry side of the building. Mortar does dry and shrink during some number of days. DM noted a lentil on the Jersey Street side on the terrace level, on the right as you exit 111. The lentil looks like it has had major repairs some time in the past—should it be replaced? MA to look into hiring an engineer to do a final walk-through. MA to send cost estimates for the engineer before the board approves the hiring.
Second Means of Egress
Still waiting for the final pricing from Logan Grate. MA expects that Logan Grate will not charge extra to replace the 111-2 grid. (See Window Replacement section for more details.)
Damaged Bollards by the Dumpsters
Cement has been poured, and the bollards for straight for a few days. One bollard was bent again despite the cement. Waste Management is yet to contact KL. The board decided to cut down the bent bollard, and place reflective tape on top of the other two bollards.
Window Replacement
Several windows on 107 Jersey first floor and 111-2 windows do not have grids. At least one window's panning is cut around the metal rod. In these windows, the iron pins are in the mortar too close to the window. So the window panning was notched to expose the iron stud. The iron grid should be drilled into the brick. MA will work with Logan Grates to replace the grids. The panning then can be redone.
MA spoke to 111-2 owner and Hadco on 11/3. Hadco acknowledged that they were paid. MA still working to get the association's money refunded.
107 Laundry Room Floor
Same.
Dead Tree in Front of 107
We are on the city's "inspection list"--they will come to make sure it is actually dead.
Bad Smell in 107
The drain was cleared out today, 11/18. DM will see if the smell is still present tomorrow.
Issues in the Monthly Financial Statement
Bank statement balance differs from the operating budget because checks may have been cut, but have not yet cleared. Item Complete.
Moped in the Courtyard
There was a moped by the Queensberry alley gate. Notice went to that one. There is one more in the courtyard--MA will put out a notice for it to be removed.
Locking in Oil Price
Locked in at $2.49. Item Complete.
Torn Carpet In The Basement
Carpet is shredded across from Unit 20-A, probably from the vacuum cleaner.
Miscellaneous
These minutes are written to Yelena’s best recollection. Please notify her of any discrepancies immediately.
Corinne Getchell (MA) --Modica Associates
Yelena Chigirinskaya (YC) --Trustee, Queensberry Condominium Trust
Douglas McClennen (DM) --Trustee, Queensberry Condominium Trust
Bill Gentz (BG) --Trustee, Queensberry Condominium Trust
Bill Gentz (BG) --Trustee, Queensberry Condominium Trust
Distribute to:
Kristen Lipstreuer (KL) --Trustee, Queensberry Condominium Trust
David Sherf (DS) --Trustee, Queensberry Condominium Trust
107 Mail Room for general information
111 Mail Room for general information
107 Mail Room for general information
111 Mail Room for general information
Structural Needs Assessment Report
BG noted that mortar sunk in in the alley on Queensberry side of the building. Mortar does dry and shrink during some number of days. DM noted a lentil on the Jersey Street side on the terrace level, on the right as you exit 111. The lentil looks like it has had major repairs some time in the past—should it be replaced? MA to look into hiring an engineer to do a final walk-through. MA to send cost estimates for the engineer before the board approves the hiring.
Second Means of Egress
Still waiting for the final pricing from Logan Grate. MA expects that Logan Grate will not charge extra to replace the 111-2 grid. (See Window Replacement section for more details.)
Damaged Bollards by the Dumpsters
Cement has been poured, and the bollards for straight for a few days. One bollard was bent again despite the cement. Waste Management is yet to contact KL. The board decided to cut down the bent bollard, and place reflective tape on top of the other two bollards.
Window Replacement
Several windows on 107 Jersey first floor and 111-2 windows do not have grids. At least one window's panning is cut around the metal rod. In these windows, the iron pins are in the mortar too close to the window. So the window panning was notched to expose the iron stud. The iron grid should be drilled into the brick. MA will work with Logan Grates to replace the grids. The panning then can be redone.
MA spoke to 111-2 owner and Hadco on 11/3. Hadco acknowledged that they were paid. MA still working to get the association's money refunded.
107 Laundry Room Floor
Same.
Dead Tree in Front of 107
We are on the city's "inspection list"--they will come to make sure it is actually dead.
Bad Smell in 107
The drain was cleared out today, 11/18. DM will see if the smell is still present tomorrow.
Issues in the Monthly Financial Statement
Bank statement balance differs from the operating budget because checks may have been cut, but have not yet cleared. Item Complete.
Moped in the Courtyard
There was a moped by the Queensberry alley gate. Notice went to that one. There is one more in the courtyard--MA will put out a notice for it to be removed.
Locking in Oil Price
Locked in at $2.49. Item Complete.
Torn Carpet In The Basement
Carpet is shredded across from Unit 20-A, probably from the vacuum cleaner.
Miscellaneous
- MA has sent out a reminder to remove AC units out of the windows, but AC units are still in.
- Fire escape has bricks and/or some other items on the 4th floor balcony of building 107.
- There was a hot water outage on 11/16 because circulator pump was down (gas furnaces).
These minutes are written to Yelena’s best recollection. Please notify her of any discrepancies immediately.
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