MARINER’S COVER CONDO ASSOCIATION BOARD MEETING

February 25, 2017

President:                           Carol Hassebrock

Vice President:                 Cathy Tepel

Secretary:                           Kim Burgess

Treasurer:                           Chris Urquhart

Board Members:              Wayne Holverstott

                                                Deanne Wright

                                                Eric Hedges

                                                Tom Street

Absent:                                                Cathy Tepel

CALL TO ORDER:               9:00 am

                                                Call to order by Carol Hassebrock

GUESTS:                               None.

CORRESPONDENCE:        None.

MINUTES:                           Motion made by Eric to accept the minutes of the meeting held

January 14, 2017.  Seconded by Chris.  Approved.

FINANCIAL REPORT:       Presented by Carol.

Motion to accept the financial report as presented by Eric.  Seconded by Chris.  Approved.

Discussion regarding cost for snow removal and clean-up/repairs of water damage to 2 units in building 3. 

                                                Total cost of snow removal - $3,783.94 including tax.

                                                Total cost of clean-up for water damage - $7.609.46.

Insurance deductibles explained to Board by Carol.

                                                Motion made by Eric to borrow money from Capital Improvement to pay for snow removal and clean-up/restoration from water damage.  Capital Improvement Fund will be reimbursed from General Fund for snow removal, and by Association Insurance, and owner assessment, for damage and clean-up from storm.  Seconded by Wayne.  Approved.

                                                Bid received for restoration of damaged units.  Wayne will obtain additional bids.

Costs for clean-up and restoration from recent storm projected to be in excess of $10,000.00, Association insurance deductible.  Cost over the $10,000 deductible will be paid by Association insurance.

 Eric made motion to assess each owner $196.00 to cover the $10,000 insurance deductible.  Seconded by Chris.  Approve.

Carol will send notice of assessment to owners.  The notice will inform owners of the possibility that their condo insurance will pay for the assessment because it is covering an insurable claim.   

COMMITTEE REPORTS:

Maintenance:                   Building 2 deck repairs complete except for painting.  Wayne will paint as weather permits.

Curbing still needs to be removed.  Wayne will attempt to complete project before next board meeting as weather permits.

                                                Windows have been ordered.  Waiting for installation.  Wayne will contact Lyndale Glass to follow up.  Total cost with installation - $2800.00.

                                                Discussion regarding cleaning of downspouts and scuppers.  Suggestion to increase cleaning from twice a year to bi-monthly.  Carol will contact Centsible Services to obtain a cost.

Grounds:                             Nothing to report.

Deanne will contact Association’s landscapers to get a bid on snow removal for future needs.

SALES:                                   None.

NEW BUSINESS:               None.

ADJOURNMENT:              Motion to adjourn made by Kim.  Seconded by Wayne.  Adjourned at 11:15

NEXT MEETING:                March 18, 2017 at 9:00 am