INNER  HARBOR  VILLAGE  CONDOMINIUM  ASSOCIATION

Board of Directors Meeting

March 13, 2009

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

Minutes of the February 1 3 Board Meeting were approved.

Financial Report – Pegi Graham

Pegi  reviewed the financial report.  Homeowners’ dues have all been paid.   Both landscaping and maintenance  expenses are on budget.     

Property Manager Report – Dan Lanksbur 

Landscaping  was lower than budget for the month.  All trees have been pruned and cleanup work is done.   We will be applying fertilizer and moss control later in the month, as well as adding acidity to  rhododendrons  and azaleas.  Mowing season will begin shortly.

Painting schedule has been prepared. 

Roof repair was completed on 71A No. Chandler.

Old Business

The proposed three year insurance policy from CAU was considered by  the Board.  Dan Quail will write a letter to them asking for a firm price for three years and also for one year.

Hot Water Heaters - We have received several replies from homeowners who wish to replace their hot water heaters.   When all have replied we will request the plumber  to perform the work. 

Resale Certificate – Jan will be asked to print a final version of the resale certificate.  A motion was made and passed to accept the resale certificate after a minor typing  error is corrected.

New Business

The Board reviewed  options for using The $l8,800 saved from canceling cable TV.  It was decided that we would take whatever was necessary from that amount to meet next year’s operating budget without increasing dues. The amount left over would be put into Reserves.

Proposed Bill Processing  -DanLanksbury  presented a  method of bill processing. It was suggested that he add the requirement of a Certificate of Insurance from contractors.  We will  approve this at our next meeting.

Leasing    -  When a homeowner leases his unit, the Board needs a copy of the lease verifying the term.  This should be put  in the next newsletter, together with the applicable section of our CC&Rs stating the requirements.

List of Repairs – Dan Lanksbury will do a spread sheet compiling information about repairs to each building for future reference.

The meeting adjourned at 12:30 p.m.

                                                                                                              Respectfully submitted,

                                                                                                              Ruth Seaberg, Secretary