INNER HARBOR VILLAGE CONDOMINIUM ASSOCIATION

Board of Directors Meeting

December 12, 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 November 18, Board Meeting were approved.

Financial Report – Pegi Graham:  The November financial report was reviewed. All homeowners’ dues have been received.

We are on budget for insurance and landscaping, under budget for maintenance.

If interest on the CD remains the same, our   interest for 2008 will be $2100.  Present rate is 2.2.

Landscaping Report – Dan Lanksbury:

Landscape came in under budget for November.  December will be higher than forecast because of leaf clean-up deferred from November. Leaf clean-up is completed.   Moss has been removed from blacktop.

Downspout drainage problems in Buildings l, 2 and 6 were resolved by West Valley Tractor. An annual inspection of drainage  efficiency will be done.

The leaking water hydrant in the courtyard of Building 2 has been repaired.

Maintenance Report – Dan Lanksbury :

The Board agreed that the Association should take responsibility for repairing dry rot on lower portion of stair rails on the lower units of the four-plexes.  Dan Lanksbury reported that they appear to be structurally sound  so there is no urgency .

Dan has checked the condition of the rubber facings on all garage doors  and will replace those that are needed.  1C&D, 3C and 10B will be done soon, the rest in January.

Building 6A has moss on the deck.  Due to liability, all decks should be clean of moss. Owners should  be notified  that they are responsible for doing this, or the association can take care of it and bill the owner.

Old  Business

Dan Quail has completed concrete survey, with help from Greg Lucas.   They established  the condition of the concrete and tried to determine remaining life.  This data has been  incorporated into the reserve study.  We should also consider concrete repair as opposed to replacement.  Because no safety issues were found,  concrete work can be deferred.  It will be determined how much work to do.

Reviews of requirements for resale certificates will be addressed at the next Board meeting.

The meeting was  adjourned at 5:19 p.m.

                                                                                                Respectfully submitted,

                                                                                                Ruth Seaberg, Secretary