Summary of ECA Board Meeting February 26, 2019

Board Present: Zlatan Beca, Makarand (Mak) Dehejia, Monique Fridell, Al Muller, Lyle Schwartz, Rhonda Taller, Christopher Wemple

Others Present: ECA General Manager MaryAnn Hall, Assistant Manager Romaine Cureton, Jeremy Tucker (ECA Legal Counsel, Lerch Early & Brewer), and Jeremy Powell, CPA, Goldklang Group

Highlights of the meeting:

Yearly Audit Report

Jeremy Powell of the Goldklang Group presented the completed report saying that despite our loan debt, the Elizabeth is remarkably in good financial shape given our dire situation two years ago. We have adequate financial cushion in our operating funds.

President’s Report

·      He noted the passing of two Elizabeth neighbors: Helen Huntley and Arnold Kutzmak.

·      He urged Association members to keep in mind that the annual election will take place in May and that we should participate in that election at minimum by attending the meeting or voting a proxy.

Management Report

·      Garage Project

o   The last two phases of the project have required fewer repairs, which is good news.

o   The General Manager will try to arrange for an in-person report on the status of the project from one of contractors for next the Board meeting.

·      West Lobby

o   ServPro has completed its work and there is no mold.

o   Work to restore the lobby and the moldings is ongoing and should be completed by February 28, 2019.

·      Noise

As stated in the last meeting summary, noise that had been occurring for years with intermittent loudness in tiers 10 and 01 has been resolved by an expert from Thomas Downey Limited. What had not been stated is that minor plumbing issues in an apartment on the East Side were fixed and that was what allowed the noise problems to be resolved on the West Side.

Motions

·      Loan—motion to approve an additional payment of $75,000 for pay down of the loan was approved unanimously.

·      New Version of Employee Handbook—except for one modification, the new version of the employee handbook that was done by Rhonda Taller was approved unanimously.

·      No Smoking Amendment—Board voted to send it to the Association members after our legal counsel puts the package together. Vote of the Association will be accepted in the management office and at the annual meeting.

·      Merv Filters—additional information required the motion to be delayed until the March meeting.