AMERICAN TOWERS OWNERS ASSOCIATION
Minutes of the Board of Trustees Meeting
Wednesday, October 15, 2008
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 Steve Campbell.
Commercial Trustees present and participating: Donna Boes, Jonathan Dunn and Steve Orullian.
Trustees Excused: John Patton.
Approval of Previous Minutes
The Minutes of the September 4, 2008 Board of Trustees Meeting upon motion duly made and seconded was
unanimously approved.
Finance Committee
The Financial Statements from August 31, 2008 were reviewed by the Manager. The Association reported
an unaudited operating surplus of $19,741 Year-to-Date as of August 31, 2008. The Common Reserve Fund
has an unaudited balance of $306,603 and the Residential Reserve Fund has an unaudited
balance of $446,752 as of August 31, 2008. The Board also reviewed the delinquency report.
Approval of Annual Audit Report
The Board also reviewed the 2007-2008 fiscal year audit report and upon motion duly made and seconded unanimously accepted the
audit report and requested that copies be distributed to all owners.
Increased Collection Procedures for Delinquent Condo Fees
Following review of the delinquency report, the Board noted the increase in the numbers of, and the
increasing total dollar amount of
delinquencies. The Board also noted that current economic conditions may also negatively affect delinquencies and requested
increased collection efforts. Since the Association pays for the cable
TV service from collected condo fees, the Board authorized management to disconnect the TV service to any condo in which the
condo fees are more than 60 days delinquent and after a written 5 day notice and warning has been delivered.
Building Improvement Committee
Repair and replacement of the fire doors on each floor is underway. The new doors will need to be painted. Following completion,
the committee together with management will re-inspect the each set of doors to ensure that they are correctly operating and performing
their function.
The committee continues to address a domestic hot water problem in five risers of the north tower low rise. What orinally appeared to
be a hot/cold water crossover compromising the hot water line, now appears to be a balancing problem between five supply lines all connected
to the same recirculating return line. It appears the improper balancing may be precenting one or two of the supply lines from correctly
circulating hot water. The committee is looking at installing and balancing some new circuit setter valves on the five risers affected.
Change of Rules - Fines for Violations
Upon motion duly made and seconded, the Residential Trustees unanimously approved the following changes to the amount fo fines to be assessed
to owners for violations of the Rules:
1. No noxious or offensive activity shall be carried in or upon any part of the Project, nor shall anything be done or placed in or upon any part of the Project which is or may become a nuisance or which may cause unreasonable disturbance or annoyance to Owners generally. No activities shall be conducted, no improvements constructed, in or upon any part of the Project which are or may become unsafe or hazardous to any person or property.
2. The following fines shall be charged to Owners for any violation of the above
or of any of the other Rules and Regulations herein by Owners, their guests or tenants:
First Offense - WarningW. PROHIBITED ACTIVITY:
Second Offense - $100
Third and Fourth Offense - $200
Each Offense Thereafter - $500
American Plaza Parking Association Meeting Minutes
The Board reviewed the meeting minutes of the August 26, 2008 APP Board meeting.
Next Meeting Schedule
The next meeting is scheduled for January 2009.
Adjournment
The meeting adjourned at 6:00 p.m.
Respectfully submitted,
Steve Campbell
Secretary