Minutes of the Board of Trustees Meeting

Thursday, May 28, 2009

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 Salsibury, John Patton, Mike Gravitz.

Commercial Trustees present and participating: Donna Boes, Jonathan Dunn.

Excused: Steve Campbell

Approval of Previous Minutes

The Minutes of the May 4, 2009 Board of Trustees Meeting, upon motion duly made and seconded was unanimously approved.

Finance Committee

The Financial Statements from April 30, 2009 were reviewed by the Manager. The Association reported an unaudited operating surplus of $23,245 Year-to-Date as of April 30, 2009. The Common Reserve Fund has an unaudited balance of $375,305 and the Residential Reserve Fund has an unaudited balance of $469,807 as of April 30, 2009. The Board also reviewed the delinquency report.

Building Improvement Committee

The manager again reviewed the status of several complaints received of second hand smoke entering other condos and into the common areas of the 11th floor. The Board also reviewed the form letters we send out to the complainant and neighbors when a complaint is received and reviewed the procedures to be followed.

American Parking Plaza Meeting Minutes

Due to the timing of our Board meeting, there were no minutes to review from the Board of American Parking Plaza of which American Towers is a voting member.

Next Meeting Schedule

The next meeting is scheduled for June 25, 2009.


The meeting adjourned at 6:00 p.m. and the Commercial Trustees were excused while the meeting continued informally to review the various proposals being considered for refurbishing some of the common areas.

Design Committee

Gayle Theurer presented and reviewed the various proposals and opened the meeting up into a general discussion about what to proceed with and where.

The meeting ended at 7:30 p.m.

Respectfully submitted,

Steve Campbell