Board Present:
Joe Bucherer (president), Karen Bues, Bianca Coles, Francine Klein, Elisa
Siegel, Jeremy Siegfried, Christopher Wemple
Others
Present: Richard Springer, General Manager; Jeremy Tucker (ECA Legal Counsel,
Lerch Early & Brewer), Jeremy Powell (Goldklang Associates)
ECA
Audit
Despite
$400,000 in unexpected expenses, the financial picture is not only stable but
healthy. We will be paying off the debt incurred by our past window/door
replacement project by April 2023 if not sooner. Among the items that caused
the unexpected expense were water damage (our old pipes often spring leaks!), extremely
high utility costs (e.g., use of electricity increased as well due to Covid
forcing people to work from home), and increased hours for our swimming pool.
Jeremy Powell commended Elizabeth Condominium Association for proactively
dealing with our finances.
President’s
Report
The
President reported [more details in December 2022 newsletter]
—Resident
owners Ted Ariev and Elaine El-Khawas died, both had contributed to ECA
activities.
—ECA
General Manager Richard Springer leaves our community December 28, 2022. His
two years here were productive,
including the most efficient (well managed) hallway renovation. We can only
hope to find and hire a manager with his skill set and his welcoming
personality.
—our
long-time maintenance worker Marcel Straker accepted a job at the US Postal
Service and left abruptly in late November.
—Dates
to note on your calendar:
·
December
16, deadline for contributing to ECA Holiday Fund
·
December
28 time TBA, West Lobby Farewell Reception for Richard Springer
·
January
1 3pm-5pm, West Lobby, Deck the Halls Party (celebrate hall renovation & holidays)
·
January
25 6:30pm ECA Board Meeting (no Board Meeting in December)
Legal
Report
—State-wide
mandate (as of September 2021) for retrofitting sprinkler system in
high-rise building by 2033. [This
will cost up to $6 million and there are no state grants for this.] ECA is
putting aside funds for this, but the hope is that sprinklers will only have to
be installed in the hallways, not in our apartments as well. The installation
of a sprinkler system will most likely raise our insurance premium because water
damage is usually more costly than damage by fire. Additionally, we have
asbestos in our ceilings and that will incur an additional cost for remediation.
—We
have officially acquired several “parking spaces” on the far G-4 level
which are not suitable for parking but will be used for storage after these
spaces are cleaned up.
Manager’s
Report [again
check Oct. 2021 newsletter for more info.]
—Except
for a few minor tweaks (e.g., specialized light bulbs in the fixtures over the
floor elevators, and door adjustments), the hallway renovation is done.
—Next
project will be elevator renovation.
—Survey
pertaining to electric car charging stations successful.
—Notes
on Electric car charging stations:
·
Care
needs to be taken to ensure that these charging stations are use only for
electric cars and not scooters which have caused fires at these car charging stations.
·
The
cost for these charging stations will be passed to the person charging their
vehicle.
·
By
acting now, we will get significant rebates from government and utility
organizations. (Total cost: $94,738.40 -$63.100 = $31,638.40)
Board
Motions
—Approved
project to install six charging stations for Electric Cars on G-1 level but
accessed from Resident garage entrance.
—Approved
Goldklang audit report.
—Approved
draft House Rules which will be sent out to Association members for comment.
Note:
I am concerned that ECA members pay attention to Association business now that
we are in a transition as Richard Springer leaves, and we hire a new general
manager. The building is suffering more incidents of pipe failures and our in-house
staff can only do so much. The longer a problem goes unsolved, the more damage
and cost. We also have some people living in the building who are uncooperative
when emergencies occur. So, we need to work together as a community to ensure the
health, safety, and wellbeing of everyone. KLA