Board of Directors Meeting Minutes 12/5/13

SAMMAMISH WATERWAY CONDOMINIUM ASSOCIATION


BOARD OF DIRECTORS MEETING - APPROVED


DECEMBER 5, 2013  6:30 PM


1. Call Meeting to Order - 6:42pm all board members present, plus Nate from RCA Mgt

2. *Approval of Previous Board Meeting Minutes (October 22, 2013) – James 1st, Eric 2nd

3. Comments or Questions from Homeowners

A. *Renter Admitting to Breaking Light Fixture - #6203 to be billed $123.41; board approved

B. Other? – Ford Explorer in uncovered spot that has been given two notices will now be towed; Andrea 1st, James 2nd


4. Financial Report

A. *Financial Statement Review

a. Unit #4201 Paid Special Assessment in Full – RCA Recommends Applying $30K to Loan – Eric 1st, Andrea 2nd

B. *Delinquency Review

a. Kimpton Judgment Final – Credit check happening to look for income and assets


5. Property Maintenance Report

A. Touch-Up Painting Completed

B. 10 More Downspout Guards Installed at Locations Specified by the Board of Directors

C. Building 3 Storage Door Lock Repaired

D. *Unit #5303 Inspected for Water Leak – Found Condition was Humidity and No Insulation above. Contractor Recommends installing insulation above and recommended that Owner should prime and paint interior wall - HOA will assume responsibility for bill this time; future bills related to humidity will be owner responsibility. Board approved adding insulation. Aliya 1st, Eric 2nd

E. *7 Units Recommended for Dryer Vent Repairs – Pam 1st, Andrea 2nd

F. Recommend Prepaying Annual Pest Contract to save 3% - pay in advance, Eric 1st, James 2nd

6. Committee Reports – Volunteers Needed!!!

A. Landscaping

B. Rules Enforcement

C. Community Website


7. Old Business

A. High Risk Components Amendment

a. Insurance 47.14% Approve – High Risk Management – 39.5% Approve

B. Water Heaters - tabled

C. *Investigating Spot Breakage of Siding (Certainteed Offer) – at this time decline offer

D. *Common Area, Limited Common Area & Unit Repairs - tabled

E. Recommended Bush Removal at Exit/Entrance - completed

F. *Recycling Information & Food Waste – Pam to contact Waste Management & will present at next mtg

G. De-Icer – blue buckets to be placed at each stairwell

H. Other?


8. New Business

A. Unknown Siding Repair by #6305 – Owner of #6305 has No knowledge of any Repairs

B. Unit #5303 Provided Pictures of Carpet – No further Action Required

C. *Alta’s Performance – board expectations have been satisfied

D. Tree Work – Reserve Expense or Operating? – reserve expense; Andrea 1st Eric 2nd

E. Draft Budget – budget approved Andrea 1st, Pam 2nd

F. Other?


9. Set Date, Time, & Location of Next Meeting – Jan 21st, Feb 18th, & March is an annual meeting.


10. Adjourn – 8:06pm