AMERICAN TOWERS OWNERS ASSOCIATION
Minutes of the Board of Trustees Meeting
Thursday, September 30, 2004
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, Mike Gravitz and Sandra Lee Sterns
Commercial Trustees present and participating: Larry Shelton, Donna Boes and Steve Tester.
Management present and participating: Joe Toronto
Approval of Previous Minutes
The Minutes of the August 5, 2004 Board of Trustees Meeting, the August 14, 2004 Annual Meeting,
and the September 2, 2004 Board of Trustees Executive Meeting, upon motion duly made and seconded
were unanimously approved.
Financial Statements: August 30, 2004
The Financial Statements for August 30, 2004 were reviewed by the Manager. The
Association reported an unaudited surplus of $44,035 Year-to-Date as of August
30, 2004. The Board also reviewed the delinquency report. Finance Committee
The Board reviewed the minutes of the Finance Committee meeting held on September 24, 2004. The Committee
proposed a number of rule changes with fines and some fee increases that the
Board will review and discuss for future action.
Building Committee
Mike Gravitz reported that the air conditioning system is operating well when operating in chiller mode
but has yet to be properly tried and tested in heat exchanger mode, which is the mode for cooler weather and winter.
System commissioning is underway and will be completed within 30 days.
It was also reported that the fire alarm system has recently been experiencing ongoing trouble points
that thus far we have been unable to correct. A trouble point is not the same as an alarm, but is an alert
for a malfunction of some of the alarm devices. Our servicing agent recommends a fairly expensive upgrade
to most of the hardware and software of our system, however, we are in the process of soliciting repairs
and proposals from other vendors.
Two of the four parking garage ventilation fans have been repaired and some additional modifications
are underway to enhance the air circulatory pattern in the garage.
APP Board Meeting Minutes
The Board received and reviewed the American Plaza Parking Board meeting minutes of July 14, 2004
and August 24, 2004. The Plaza repair project is moving ahead although the initial cost estimate came in
somewhat higher than the budget allowed. Further refinement of the scope of the project will be required
before it can be placed out to bid. There will be a special meeting with the engineers, the Board and owners
to review all aspects of the project before it receives final approval.
Next Meeting
The next meeting was scheduled for Thursday, October, 28, 2004 at 5:00 pm in the Community Room.
Adjournment
The meeting adjourned at 6:00 p.m.
Respectfully submitted,
Mike Gravitz
Secretary