AMERICAN TOWERS OWNERS ASSOCIATION
Minutes of the Board of Trustees Meeting*
Thursday, May 30, 2002
5:00 P.M.
Tom Halleran called the meeting, convened in the community room, to order at 5:00 p.m.
Residential Trustees present and participating: Tom Halleran, Blane van Pletzen and Irene Link
Commercial Trustees present and participating: Larry Shelton and Deborah Pariseau
Excused: Norman Salisbury and Donna Boes
Management present and participating: Joe Toronto
Approval of Previous Minutes: April 25, 2002
The Minutes of the April 25, 2002 Board of Trustees Meeting, upon motion
duly made and seconded, were unanimously approved.
Financial Statements: April 30, 2002
The Financial Statements for April 30, 2002 were reviewed by the manager. The
Association reported an unaudited loss of $46,412 Year-to-Date for the Operating Fund. The
Common Reserve Fund has an unaudited balance of $118,144 and the Residential Reserve
Fund has an unaudited balance of $251,283. The Board also reviewed the Delinquency Report and the managers
explanation report of each delinquency.
Building and Improvement Committee
Susan Crook reported that she was unable to locate a paper recycling partner that was willing and able to
participate with us in a recycling program, that used appropriate containers that could be easily located
and retrieved. There is a cost associated with recycling of other glass or aluminum material and the container
obstacles are the same. Mike Gravitz reported some of his calculations regarding possible energy savings from
a retrofit of our chillers. They are sufficiently expensive to replace that a payback would take 30 years or more.
His calculations also showed that there would be minimal savings by turning off every other light in our hallways
aside from the aesthetic impacts. He is making progress on the chillers and the cooling tower, and expects to make a possible recommendation
to the Board soon, and the window caulking repairs will also begin shortly.
Finance Committee
Ms. Sykes reported that the committee will be reviewing the insurance renewal as well as the audit proposals.
Approval of Easement Deed
Upon motion duly made and seconded, the Board unanimously approved the execution of an easement deed to formalize
and complete an agreement executed last year that closed the tunnel stairway access from Broadway to the Plaza. That
tunnel has been completely remodeled and the Mid City Beauty Salon has expanded into that location. This deed is required
to formally relocate the access from Broadway to the Plaza to the stairs now located to the west of the garage
entrance. Rooftop Closing Time
Irene Link presented a proposed rule change that would make the rooftop recreation areas available at all times.
Blane van Pletzen read the full text of the proposed rules and they are made a part of these minutes by reference.
The substance of the first rule is that to gain access to the rooftops between 12:00 a.m. and 6:00 a.m., residents
should call security on the intercom located next to the door. Some additional language was added to the rules
to clarify appropriate use of the rooftops and some safety issues for the use of the rooftop spas. Upon motion duly
made and seconded, the Residential Trustees unanimously approved the proposed rules.
Next Meeting
The next Board Meeting is scheduled for Thursday, June 27, 2002, at 5:00 p.m. The Board of Trustees
cordially invites all residents to plan to attend regularly, setting aside the last Thursday of each month at 5:00 p.m.
Adjournment
The meeting adjourned at 6:30 p.m.
Respectfully submitted,
/s/ Blane van Pletzen
Notice: These minutes, as they appear in this newsletter, have not yet received final approval from the
Board of Trustees. Consequently, they may be corrected, or supplemented, by the Trustees prior to approval at the
next scheduled meeting of the Board.
Secretary