INNER HARBOR VILLAGE CONDOMINIUM ASSOCIATION

Board of Directors Meeting

August 8, 2008

The meeting was called to order by Dan Quail, President.  Board members present:  Dan Quail, Pegi Graham, Jan Lucas, Ruth Seaberg.  Also present was  Dan Lanksbury, Property Manager.

Minutes of the July 10, 2008 meeting were approved.

Treasurer’s Report – Pegi Graham:   After all checks were cleared, our checking account balance is $l3,259.   Our CD balance is $95,524. Last year we earned $3,878 interest on the CD.  Taxes on the interest have been paid.

A motion was made and passed to repay to the reserve fund  any amount that had been borrowed in  the last three fiscal years.  Repayment is to be made from residual funds from last year.  A wet spring resulted in less money being spent on landscaping.

The Board  confirmed making the skylights a common area.

Landscaping Report -  Dan Lanksbury:  Landscaping  is on schedule.  Richard Hefley, Arborist,  has evaluated a number of suspect trees  and recommended removal of three trees.

Maintenance Report – Dan Lanksbury:                                                                        

Painting and pressure washing is in progress. CBS Painting is currently painting the trim on buildings, but not on limited common areas.  They can give anyone an appraisal for painting their railings on decks, porches or balconies.

Mike Perillo is blowing-off and brushing roofs and gutters on scheduled buildings.  We will be over budget on roof cleaning.  Building 9 needs total roof jacks installed.  There are several others that need to be replaced.  Mike will do an inspection on all roofs.    

Pegi has been managing activities related  to stair replacement work.                     

Concrete work will be assessed, and the driveways that could cause a safety hazard will be repaired first.                                                                                                        

Skylights on buildings 8 and 9 need replacement or repair.                                                    

A bat problem has been reported at Buildings 18 and 4.  Dan L. will research possible solutions.

Jan Lucas and Ruth Seaberg reported on  their review of  the new  requirements for resale certificates as outlined in Senate Bill 6215.   Jan has listed  where to find most of the items.  Many of them cannot be compiled until time of sale  because they are time sensitive or because they are specific to the unit involved.   Jan and Ruth will continue to assess the lengthy  requirements.

The meeting was adjourned at 4:45 p.m.

                                                                              Respectfully submitted,

                                                                                Ruth Seaberg, Secretary