SAMMAMISH WATERWAY CONDOMINIUM ASSOCIATION
BOARD OF DIRECTORS MEETING MINUTES
Abbreviated Meeting Minutes 3/10/11
6:00 PM
1. Call Meeting to Order – 6:00pm
• Attendance: Board Members: Erik Noyd, Mary Allen, Kent Hutchings, and Tom Smith. RCA Management property managers Rich Redelfs & Nathan Andres
2. Reclassification of money from Reserve Funds to Restoration project expenses. SWC’s restoration project incurred expenses exceeding those funds collected in the Special Assessment and through Energy Rebates by approximately $129,372.93. Significantly higher decay, interior repairs and carport/garbage enclosure work than our budgeted allowances, as well as changes to the scope of work responding to conditions discovered during construction, added these costs. The Board of Directors determined that use of Reserve Funds for these costs was warranted as many items addressed during construction would have been repaired or replaced using reserves in any event. Erik moved this amount be re-classified and Kent seconded the motion. Approved unanimously.
3. Letter from attorney representing unit owner 4-301 “McNabb”. Review second letter from her attorney seeking explanation of SWC’s intentions with rebate funds received from PSE for window and lighting installations. Board directed property manager to send letter explaining that rebate funds were to be used to defray restoration project expenses in excess of the special assessment, so that no additional funds would be required from homeowners for the project.
4. Roof Ventilation Modification- Erik presented a new design proposed by the contractor responsible for changes to the roof vent changes. New design will improve connections for ducting from top floor units and maintain existing attic ventilation. Board unanimously approved most recent change. Start of project pending but should be this spring.
5. Missing skylight insulation and defects in venting from ducts of top floor units. Two or 3 units have been identified as having problems with insulation or ducting. This can result in higher than desired moisture levels in attics or the forming of condensation on skylight wells where the insulation is missing. It is likely more units are effected and individual inspections are warranted. Board directed property manager to inquire with contractors about steps to correct Developing a plan of action to follow.
6. “For sale” signage. Current rules allow installation of sign posts at the Leary Way entrance. This has been a bit of an eyesore as well as an impediment to good visability when leaving from SWC. Board tentatively approved a new design for a single sign to indicate that units were available along with boxes for informational flyers. This sign to be placed in a better location at the Leary Way entrance. Final pricing and design as well as rules changes are pending.
Meeting adjourned 7:30pm
