Present: Directors: Ted Ariev, Charles Bressler, Ilo-Mai Harding, John McNerney, David Robinson, Steven Schattman, Herman Stekler, ECA General Manager Jim Santos, Legum & Norman Regional Manager William Perry, recording secretary.
Highlights of the meeting:
There was a discussion about funding the major projects but no decisions made. In the interest of getting the process started, Ted Ariev provided number projections based on accrual of condo fees over a period of several years. Herman Stekler voiced concerned about how these numbers were calculated and said more time was needed to get this process moving. Steven Schattman said he does not want to borrow money. There was some additional discussion about the treasurer exploring bank options including line of credit and bank loans.
The landscape committee, represented by Tobi Esler, was turned down relative to funding additional work set up by our current master plan.
Funds were also denied to fund additional shelving for our lobby library.
Signage in the arcade continues to be unresolved but the Board and Management are trying to work with the Arcade members to get the appropriate signage for the hair salon.
Attendance at the board meeting by Association members was noticeably down.
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