Minutes for
Regular Meeting of the Board of Directors
of the
Association of Unit Owners of Lloyd Park Condominium
January 6th, 2010
CALL TO ORDER
A regular meeting for the Board of Directors of the Association of Unit Owners of Lloyd Park Condominium, was held at the 3rd floor lobby of 1509 NE 10th Ave, Portland, OR, 97232 on January 6th, 2010. The meeting convened at 6:30pm.
MEMBERS IN ATTENDANCE
President Carolyn Briggs, presiding
Lilli Szafranski, treasurer
OFFICERS’ REPORTS
Lilli Szafranski, treasurer, indicated that Dan at WCCS charged an additional $125 to the HOA for a total of 8 reserve study updates over the prior month. Since these revisions were primarily caused by miscommunication or errors by NWCM and WCCS, NWCM agreed to credit the Lloyd Park HOA for the $125 charge.
BOARD AND COMMITTEE REPORTS
None
UNFINISHED BUSINESS
2010 Reserve Study and Budget Approval
Moved by Lilli Szafranski that…
The board shall approve the 2010 reserve study and budget, as published.
By general consent, motion carried.
NEW BUSINESS
2010 Homeowners Dues
Moved by Lilli Szafranski that…
Whereas, HOA surplus funds will be used to gradually increase HOA dues over the next several years to the level required by the board’s newly approved reserve study, and…
Whereas, $7443 would be moved from the HOA surplus funds to HOA reserves in 2010, and…
Whereas, dues will be increased effective January 1, 2010, and billed retroactively with February HOA dues…
HOA dues for 2010 will become $184 for studio units and $206 for one bedroom units per month.
By general consent, motion carried.
2010 Budget Distribution
Moved by Lilli Szafranski that…
The board shall distribute the 2010 reserve study and budget, as approved, to homeowners with their next monthly bill.
By general consent, motion carried.
Pest Control Vendor Change
Moved by Carolyn Briggs that…
The board shall change its pest control vendor from HALT Pest Control to Interstate Pest Management.
By general consent, motion carried.
Pest Control Remediation
Moved by Carolyn Briggs that…
Carolyn is authorized to take whatever reasonable means is necessary to inspect or treat units 100, 101, 200, 201, 209, and hallways for bedbug presence or activity.
By general consent, motion carried.
Pest Control Remediation
Moved by Carolyn Briggs that…
Carolyn is authorized to take whatever reasonable means is necessary to inspect or treat units 100, 101, 200, 201, 209, and hallways for bedbug presence or activity.
By general consent, motion carried.
ADJOURNMENT
Carolyn Briggs moved that the meeting adjourn. By general consent, the motion carried. The meeting adjourned at 9:00pm. The next board meeting is scheduled for December 23, 2009 at 7:00pm. This meeting will be held to approve the 2010 reserve study and budget.
