INNER HARBOR VILLAGE CONDOMINIUM ASSOCIATION

Board of Directors Meeting

January 11, 2008

The meeting was called to order by Dan Quail, President.  Present were Dan Quail, Pegi Graham, Bob Edelbut, Bev Rothenborg, Ruth Seaberg.

Minutes of the December 12, 2007, meeting were approved, with minor corrections.

Financial Report – Bev Rothenborg.

The December Financial Report was reviewed.

 All dues owing for the first 6 months of the fiscal year have been received.

 Revenues are on track with budget.

We have received a bill for $600 for repairs to the damaged electric power line for Building 10.  Total operating expenses are under budget.

Landscape Report - Bob Edelblut 

Normal landscaping expenses are small at this time of year.

Two projects are in progress -  the bank on North Chandler and the replanting of the trees that were removed in front of Buildings 9 and 10.  Approximately $3000 has been budgeted this year for these items.  Bob has scheduled  meetings with two people to advise us about the bank  It will be a long term project for whoever we choose to do the work.

We have had preliminary meetings with the landscaper about the replanting of trees and hope to have a final plan soon.  Work should start about March l.

Maintenance and Repair Report – Pegi Graham 

The Glaser’s posts have been replaced at a cost of below $800.  Composite wood was used which will not require painting.

 Stair replacement  on Building 3 and 4 will be done next fiscal year. 

Several driveways are being pressure washed.  This will be done as needed to remove moss and discoloration.

Old Business

The problem of new board members was discussed.   It appears that we will have to hire a full service maintenance and property manager, including landscaping.  Several property management firms were suggested, who will be called and  interviewed.  We will also put ads in the Voice and Leader.

Dan will write a letter to realtors  with information  that should be given to prospective buyers, including Inner Harbor dues, SBCA dues, and responsibility for limited common areas, all of which are in the CC&Rs.

The meeting was adjourned at 5:l5 p.m.

                                                                               Respectfully submitted,

                                                                               Ruth Seaberg, Secretary