Summary of Feb 26, 2013, ECA Board Meeting

Present: Directors: Ted Ariev, Ilo-Mai Harding, John McNerney, David Robinson, Steven Schattman, Herman Stekler, ECA General Manager Jim Santos, Legum & Norman Regional Manager Robert Craig, recording secretary.




Absent: Charles Bressler

Highlights of the meeting:

President’s Report.

--Awaiting Fire Marshall signature on new fire protection.

--Cleaning of exhaust ventilation from dryers and exhaust fans will take place. (This is done every 12-15 years. Project will take 160 days to complete after the contract begins.)

--Status report chart will be (and are) posted in the elevator lobbies of our two towers.

--ECA Board member candidates search now underway. May 1 is the annual meeting where 3 board members will be elected.

Treasurer’s Report.

--Five accounts in collection (one in bankruptcy)

--Bank borrowing will begin this summer.

--Alternate financing may not include prepayment of condo fee but there is still the possibility of owners buying into the project in a kind of bond like arrangement.

--An alternative financing survey form has been send with call for candidates to the ECA board.

Report from Ken Kosteva of Wiss Janney.

--Will mount roof anchors to allow scaffolding for window washing and the window/balcony door replacement project.

--Balcony restoration will be done consistent throughout the towers. (Every balcony will be upgraded.) It is noisy work.

--Repair takes about one week but residents can live in the apartment while the work is being done.

--Possibility of floor to ceiling windows to replace current look. This stirred up considerable controversy. Some of the issues include the need to replace window treatments, liability issues for children, built-ins at the current window.

--There are over 800 windows.

--There is sufficient insurance coverage for damage to individual units.

--Project will take one year.

--Double pane windows will have significant thermal value.

Storage Committee.

--Storage includes items belonging to former and dead residents.

--Some items are illegally stored (like furniture, empty boxes, paint.

--Storage needs to be tracked with computer software, not currently part of the process.

Canopies.

--This stirred up some controversy about which canopies were needed and whether it made good financial sense to repair what would remain. (Remove West garage canopy but keep East garage canopy over the steps.

--The lobby canopy will not be replaced until 2019 by the current plan.