SWC Board of Directors Meeting Minutes - February

SAMMAMISH WATERWAY CONDOMINIUM ASSOCIATION
BOARD OF DIRECTORS MEETING MINUTES - FINAL
FEBRUARY 12, 2008
6:30 PM



1. Call Meeting to Order – Meeting called to order at 6:35pm. In attendance: Robert, Erik, Derek, Rich, Tom and Kent.

2. Approval of Previous Board Meeting Minutes – January 8, 2008 – Minutes approved.

3. Comments or Questions from Homeowners
A. Concern Regarding Stored Vehicle – White Geo Storm Lic. #936RZO – Post notice on windshield to have vehicle moved within a few days. Will check RIF to try and determine owner. If owner does not relocate vehicle, it will be towed.

4. Financial Report
A. Financial Statement Review
a. CDs – Venture Bank – (Rolled Over in Feb.) & WAFed (Matures 05/21/08)
c. Revised 12/31/06 Financial Statement w/ Audit Adjustments
B. Delinquency Update – One Significant Delinquency (#4204=$519.00)

5. Property Management Report – Rich Redelfs
A. 2008 Resident Information Form Update – 71/102 Received as of 02/12/08 – Will mail other 31 owners for second chance.
B. 58 Construction Surveys Received as of 02/12/08
C. Garbage & Recycling
a. Pads Poured @ Buildings 1 & 6 in January – Maintco
b. Plan to Exchange Recycle Roll Out Carts for Recycle Dumpsters

6. Committee Reports – Volunteers Needed!!!
A. Landscaping - Deferred
B. Rules Enforcement – Deferred

7. Old Business
A. Building Envelope – Morrison Hershfield
a. Check – Need Signature – Done.
b. Preliminary Contractor Interviews schedule for late February.
B. Review Signage in Common Area – Tabled Until After Major Project
C. Resident Manager Job Description – Tabled Until After Major Project
D. Legal Consultation – James Strichartz
a. Two Amendments Combined; Draft Received – Community Manager to review with legal counsel.
E. Tree Removal & Pruning Scheduled for December 27 – Davey Tree – Completed.
a. Dead Maple behind Bldg. 4 & Other Recommended Trees Removed
b. Complex Wide Tree Pruning Performed
c. Contractor Obtained Necessary Permits
d. City of Redmond/Permit Process Requires Replacement Trees – Will follow-up with Community Manager.
F. Fire Alarm Issues – FPI - Reviewing options for different contractor for inspections and service calls.
G. Inspection at #2305
a. Rusting at Fireplace Flue & Lintel – Minor repairs made; resolved.
H. Water Damage Repairs @ #6301 & 6306 – Maintco
I. Association Funding – Foundation Bank
J. Pest Control – Feral Cats – 3 captured and turned over to KCAC.
K. Reimbursement Due to #5204 for Association Responsible Repairs
a. Original Proposal = $2,373.00 + WSST = $2,584.20
b. Additional $81.68 for Credit for Priming
c. $871.20 for Interior Repairs (Invoice Received)
d. $287.12 for Materials (Receipts Received)
e. Travel Expenses (Gas) Estimated at $49.50
f. Labor Hours Estimated at 12 Hours
g. $680 Paid by Owner to Tenants for Damages & Expense
h. $650 Requested for Resale Value of Tile versus Insert – Board approved additional funds.

8. New Business
A. Plumbing Leak at #3205 – Maintco – Need to get more details of problem from Maintco.
B. Heat Detector Tamper/Replacement @ Unit #1306 – FPI – Levy maintenance assessment to cover costs.
C. Site Debris – Contact landscaping

9. Set Date, Time, & Location of Annual Meeting – Tuesday, March 11 – 7pm

10. Adjourn – Meeting adjourned at 7:54pm