Certifying of Quorum & Call to Order
Meeting called to order by Sharon Dowling at 5:01pm in the social room and on Zoom.

Roll Call
Sharon Dowling – present
Peter Tedone – present
Mike Bisaha – present
Anna Enrico – present
Barbara Ellis – present
Dennis Rosenfeld – present
Rik Shafer – present

Management Present

Bonita Vandall, LCAM, CMCA, AMS, CBA, PCAM from The Wright Community Management, LLC. was present.

A quorum was established.

Proof of Notice of Meeting

It was confirmed by email to the owners and posted on the bulletin board January 13, 2023.

By proper motion by Peter Tedone, seconded by Mike Bisaha the meeting minutes of December 19, 2022, the reading of the minutes was waved and the minutes were unanimously approved.

Management Report

The final notice for the annual meeting will be sent before January 31, 2023. Bass United performed the annual fire backflow and alarm inspection. The lobby A/C required maintenance. There have been ongoing elevator issues.

Financial Report

Anna Enrico reported as of the end of November 2022, there was $240,371 in the bank accounts. The operating account had $44,303 and the reserves account had $196,068. The November finals show a monthly loss of $6,686 and the year to date actual profit/loss is now a positive $15,572 due to the budget deficit assessment.

Old Business

Sewer Pipe Lining Update

The contract with Pipe Lining Technologies has been sent to the attorney for review. The cost quote for the job for the sewer pipes under the garage comes in at $123,695. The time is estimated at 5-7 days for the main sewer pipes and 2 days for each stack connecting pipe.

The plan is to do the main pipe repair in early June and the building must be vacated during the process. Water will be turned off to the entire building because absolutely no water can come into the pipes. Proper notification will be provided before the main pipe work begins so plans can be made ahead of time.

The connection pipes from the stacks will be done on a stack by stack basis and will require 2 days per stack. Owners will be required to vacate the stack during the process. The water to the stack will be turned of during the process because absolutely no water can come into the pipes during the process. The stack work will take 1 day to perform and 1 day to cure the material inside of the pipe. Proper notification will be provided before the stack work begins.

Pool Resurfacing

Crystal Pools jump started the project on Sunday, January 15th, due to the cold. The project is expected to be completed by Friday.

Approval of final loan documents with Popular Bank in the amount of $250,000

By proper motion by Sharon Dowling, seconded by Rick Shafer, to approve the finalized bank loan documents for a loan with Popular Bank for $250,000, was unanimously approved by all board members; Sharon Dowling, Peter Tedone, Mike Bisaha, Anna Enrico, Barbara Ellis, Dennis Rosenfeld and Rik Shafer.

Establishment of loan signatories

By proper motion by Sharon Dowling, seconded by Barbara Ellis, to approve Sharon Dowling and Peter Tedone as Bank Loan Signatories was unanimously approved by all board members; Sharon Dowling, Peter Tedone, Mike Bisaha, Anna Enrico, Barbara Ellis, Dennis Rosenfeld and Rik Shafer.

Adoption of Corporate Resolution for Popular Bank loan in the amount of $250,000

Sharon Dowling read the corporate resolution. By proper motion by Peter Tedone, seconded by Mike Bisaha, to approve adoption of the Bank Corporate resolution was unanimously approved by all board members; Sharon Dowling, Peter Tedone, Mike Bisaha, Anna Enrico, Barbara Ellis, Dennis Rosenfeld and Rik Shafer.

New Business

Elevator Issues

The issue with the elevator becoming unresponsive seemed to have a connection to the door hold button. Owners were asked not to use the door hold button until the issues were resolved. Over the holidays, TK Elevator allowed the board to reset the elevator to get it up and running. On Friday, January 13, 2023, Peter Tedone and Sharon Dowling met with our new TK Account Manager and expressed our concerns that TK had not been able to figure out our issue. A more proactive plan was discussed. If TK does not figure the issue out soon, we may need to take legal action to get out of our 5 year contract that renewed in February of 2021.

Pool Area Hedge and Paver Separation

The Ficus bushes along the Aloha side of the property are doing poorly. The treatment for white fly disease was canceled due to the continuing decline. The board will begin work to determine where the property line is between us and the Aloha. White fencing is being suggested to replace the area from the seawall to where the garage fencing starts. Perhaps a planting area can be included in front of the fence. The same bushes along the north side of the parking lot are being considered for replacement of the Ficus beyond the new fence area going down the south side of the driveway. The board is waiting on quote from Natural Greenscapes to fix the paving area splitting apart from the grass on walkway around the pool.

Open Forum

Bill Todd asked about the status of bringing water up to the catwalks. Sharon Dowling is looking into getting new quotes since Paradise Plumbing has become very expensive. Bill Todd asked about the status of the sprinkler vote taken years ago. At the time it was voted not to pursue unit sprinklers. The building is still under the height requirement for making it mandatory to install sprinklers. Ann Baldassare talked about the upcoming city meeting on January 19th concerning road improvements for N Riverside Drive. She contacted the engineering firm and there will only be the in person meeting. Several board members plan to attend the meeting.

Adjournment

There being no further business to be brought before the board, by proper motion by Barbara Ellis, seconded by Sharon Dowling, the meeting was unanimously adjourned at 6:02 PM.