AMERICAN TOWERS OWNERS ASSOCIATION
Minutes of the Board of Trustees Meeting
Thursday, February 27, 2003
5:00 P.M.
Norman Salisbury called the meeting, convened in the community room, to order at 5:00 p.m.
Residential Trustees present and participating: Norman Salisbury, Irene Link, Sandra Lee Sterns and John Patton
Commercial Trustees present and participating: Deborah Pariseau and Donna Boes
Management present and participating: Joe Toronto
Approval of Previous Minutes: January 30, 2002
The Minutes of the January 30, 2003 Board of Trustees Meetings, upon motion
duly made and seconded, were unanimously approved.
Financial Statements: January 31, 2003
The Financial Statements for January 31, 2003 were reviewed by the Manager. The
Association reported an unaudited loss of $29,662 Year-to-Date as of January 31, 2003. The
Common Reserve Fund has an unaudited balance of $104,875 and the Residential Reserve
Fund has an unaudited balance of $296,766. The Board also reviewed the Delinquency Report and the Managers
explanation report of each delinquency.
Deborah Pariseau noted that the legislature passed some new legislation
authorizing condominium owners associations to turn off utilities and restrict
amenities to owners who remain delinquent in their monthly fees. Owners may appeal the dicision, but the appeal
process is not required. She suggested that this is an option
available to the Association to minimize our losses to bankruptcies and foreclosure. The Board requested
a copy of the legislation for furhter evaluation.
The Board also requested an updated inventory of our rental/owner-occupied ratio. This ratio is requested
by all lenders in mortgage applications and a high ratio could prevent owners from obtaining financing.
Building and Improvement Committee
Mike Gravitz reported that the citric acid wash of the piping and the chiller tubes has been completed
and the readings still need to be made to evaluate whether this procedure has had an impact on the chiller
pressure differential.
Mike presented a memo outlining his concerns regarding building codes and remodeling safety issues. The Board
asked the committee to follow up with the City and other relevant authorities.
The committee also recommended that residents be encouraged to return shopping carts to the parking levels
and not use them in their condos or leave them on the various floors.
A review of the air conditioning situation noted that there have been a few delays in determining whether
one option is even available. The energy study conducted by Pacificorp will be delivered shortly and the Board
anticipates that by the next meeting we'll know which option is available to us and what the costs will be.
Finance Committee
The Board unanimously appointed Ella Knight as a member of the Finance Committee.
John Patton reported on a recent Finance Committee meeting in which they reviewed a draft of the
2003-2004 operating budget.
Rooftop Gardening Committee
Sandra Sterns reported that there were 29 residents in attendance at the recent window sill gardening
workshop. She anticipates that the committee will hold more events in the future of a similar nature and
suggested that residents watch the newsletter or the elevators for future announcements. She also reported
that the Board will look at enhancing the ceramic pots, trees and facilities on the North
Tower rooftop similar to that of the South Tower after the situation with the cooling tower is resolved and after we know what the configuation
will be of the space where the cooling tower now resides.
American Parking Plaza
For informational purposes, the Board received the minutes of the American Parking Plaza
Board Meeting held on January 29, 2003.
Next Meeting
The next meeting of the Board of Trustees was scheduled for Thursday, March 27, 2003 at
5:00 p.m. in the Community room. Owners are encouraged to set aside the last Thursday of each
month to attend these meetings and provide the Trustees with valuable feedback and input.
Adjournment
The meeting adjourned at 6:30 p.m.
Respectfully submitted,
Sandra Lee Sterns
Secretary