Brentwood of palatine condominium board meeting 8 12 2009
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Brentwood of Palatine Condominium Board Meeting 8.12.2009. Treasurer’s Report Cleaning Labor Economic Conditions CPTED Certification update 30/30 Executive Session. Brentwood Liabilities. Cash Position as of 8/1/2009. Operational account = $27,758.86

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Brentwood of palatine condominium board meeting 8 12 2009
Brentwood of Palatine Condominium Board Meeting 8.12.2009

  • Treasurer’s Report

  • Cleaning

  • Labor

  • Economic Conditions

  • CPTED Certification update

  • 30/30

  • Executive Session



Cash position as of 8 1 2009
Cash Position as of 8/1/2009

Operational account = $27,758.86

Reserve Money Market = $20,680.53

Total = $58,466.39



Labor requirements
Labor Requirements

  • Additional part time labor is needed.

  • Ad was placed – 120 responses received. 8 called, 4 interviewed, 1 stood out.

  • Votes will be made tonight.

  • Short term, primary duties will center on building interior walls and ceilings – drywall, paint.

  • Long term status completely dependant on financial resource availability.


Economic reality
Economic Reality

  • Property values depressed

  • Loss of equity

  • Financing difficulties or impossibilities

  • Easy to simply “walk away”

  • Danger of mass exodus

  • Foreclosures

    • A costly circle

  • Condos or apartments?

    • Fundamental question for every Owner

    • Amending the Declaration


Cpted
CPTED

  • Requirements for certification:

    • Landscaping (Compliant)

    • Lighting (Any needs will be defrayed to allow for budgeting)

    • Community Social (Will be last step prior to certification)

    • Secondary Unit locks / Unit security

      • All Unit windows / sliding doors are required to have secondary locking mechanisms installed.

      • Requirement deadline was July 31st. Association has been enlisted to install on several units.

      • Visual inspections by Board will be made in next few weeks, non-compliant unit owners will be notified.

      • Current realistic target for fulfilling all requirements – October -09.


Summer project list completed or in process
Summer project list – Completed or in process



Accomplishments challenges
Accomplishments / Challenges

  • Last 30 Days

  • Reserve now over $20,000 (Richard)

  • Basement locks changed (Staff)

  • Continued cleaning hallway carpets (Contracted)

  • Agreed to additional staff to accelerate hallway recoveries. (Board)

  • Power washing of awnings / entrance concrete areas (Pat, Staff)

  • Trimmed / removed trees, chipped into rough mulch – likely finished for this year. (Rebecca, Pat)

  • Evicted an Owner for non-payment of assessments (not sure this is an accomplishment…)

  • Next 30 Days

  • Continue to drive open projects as funding allows (Pat, Staff)

  • Prioritize hallways for cleaning, patching, painting (Pat, staff)

  • Violation inspections / Notices (Pat, Rebecca, TBD) – carry over

  • Drive toward CPTED certification (All)

  • Continue to work on collections (Richard)

  • Develop 1st pass at 2010 budget

  • Begin preparations for winter…



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