INNER HARBOR VILLAGE CONDOMINIUM ASSOCIATION’
Board of Directors Meeting
June 11,2009
Dan Quail,
President, called the meeting to order. Board
members present: Dan Quail, Pegi
Graham, Ruth Seaberg. Dan Lanksbury,
Property Manager, was also present.
Minutes of the May
8, 2009, meeting were approved.
Financial Report
- Pegi Graham
The financial
report was reviewed. Utilities,
landscaping and administrative expenses were under budget.
Repairs were over budget, but overall expenses were under budget.
Landscaping Report
- Dan Lanksbury
Landscape
activities included brush cutting, tree trimming and pruning, weed control,
clearing of undergrowth and dead or damaged trees, sprinkler work
Property Manager Report
Trim painting has
been completed.
Approximately ten
chimney caps need to be replaced.
Mike Perillo will perform the necessary work.
Water heater
replacement has started, with
approximately 11 replacements completed.
Other activities
included clearing of debris from culvert behind Building 12, cleaning of
two dryer vents because of sparrow nesting materials, and dry rot repair
on railing post at Building 12.
In order to stay
on reserve budget, we should extend
time for painting which is due to begin
in 5 years. Necessary
caulking will be done
Old Business
Dan Quail reviewed
the proposed operating budget. The Board voted to approve the budget.
There will be no increase in dues.
The Board approved $27,263 to be put into the reserve account for future
expenses.
The three year
insurance policy with CAU has been accepted, with an annual premium of
approximately $18,824, plus an additional $1,400 for a liability umbrella
policy.
The internal audit
is in progress
New Business
The agenda for the
annual meeting on June 20, 2009, was discussed.
The Board will meet again on Friday,June
19 , at 10:00 a.m. to make final preparations for the meeting.
The meeting
adjourned at 12:00 noon.
Respectfully submitted, Ruth
Seaberg, Secretary