Presentation is loading. Please wait.

Presentation is loading. Please wait.

Brentwood of Palatine Condominium Board Meeting 8.12.2009 Treasurers Report Cleaning Labor Economic Conditions CPTED Certification update 30/30 Executive.

Similar presentations


Presentation on theme: "Brentwood of Palatine Condominium Board Meeting 8.12.2009 Treasurers Report Cleaning Labor Economic Conditions CPTED Certification update 30/30 Executive."— Presentation transcript:

1 Brentwood of Palatine Condominium Board Meeting Treasurers Report Cleaning Labor Economic Conditions CPTED Certification update 30/30 Executive Session

2 Brentwood Liabilities Current with all bills as of 8/1/2009

3 Cash Position as of 8/1/2009 Operational account = $27, Reserve Money Market = $20, Total = $58,466.39

4 Assessments by cash July$58, Laundry $ 2, Expenses$67,424.12

5

6

7 Labor Requirements – Additional part time labor is needed. – Ad was placed – 120 responses received. 8 called, 4 interviewed, 1 stood out. – Votes will be made tonight. – Short term, primary duties will center on building interior walls and ceilings – drywall, paint. – Long term status completely dependant on financial resource availability.

8 Economic Reality – Property values depressed – Loss of equity – Financing difficulties or impossibilities – Easy to simply walk away – Danger of mass exodus – Foreclosures A costly circle – Condos or apartments? Fundamental question for every Owner Amending the Declaration

9 CPTED Requirements for certification: Landscaping (Compliant) Lighting (Any needs will be defrayed to allow for budgeting) Community Social (Will be last step prior to certification ) Secondary Unit locks / Unit security All Unit windows / sliding doors are required to have secondary locking mechanisms installed. Requirement deadline was July 31 st. Association has been enlisted to install on several units. Visual inspections by Board will be made in next few weeks, non-compliant unit owners will be notified. Current realistic target for fulfilling all requirements – October -09.

10 Summer project list – Completed or in process Summer ProjectsStatus Est Labor Hrs Matl/Equip Cost Est Est Tot Cost Act Labor Hrs Act Matl CostAct Tot CostVar +/ Fire Drive Light R/RDone8 $ 50 $ 1704 $ - $ 60 $ 110 Roofs - Flats RepairDone40 $ 1,500 $ 2,10060 $ 500 $ 1,400 $ 700 Park fence straightenDone4 $ - $ 603 $ - $ 45 $ bench - re-seatDone3 $ 25 $ 703 $ - $ 45 $ 25 Entrance sign lightingDone5 $ 125 $ 2000 $ 120 $ 80 sandbox sandDone1 $ 150 $ 1651 $ 140 $ 155 $ 10 Clean basementsDone72 $ 300 $ 1,38060 $ 45 $ 945 $ 435 Gravel garage pathDone8 $ 300 $ 4202 $ 300 $ 330 $ 90 Locker number / repairDone16 $ 100 $ 3406 $ 90 $ 180 $ 160 basement locks R/RDone5 $ - $ 755 $ - $ 75 $ - Tree trimming / chippingDone24 $ 250 $ 6104 $ 600 $ 660 $ (50) Awnings -power washIP16 $ 50 $ 2904 $ - $ 60 $ 230 Window wells (4)IP16 $ 200 $ 4400 $ 25 $ 415 Laundry room timersIP30 $ 500 $ 9504 $ 140 $ 200 $ 750 Timers to sensorsIP30 $ 250 $ 7000 $ 120 $ 580 Totals 278 $ 3,800 $ 7, $ 2,080 $ 4,420 $ 3,550

11 Summer Projects - Open Summer Projects - Not scheduledStatusEst Labor Hrs Matl/Equip Cost EstEst Tot Cost 1481 Stoop - concreteNS8 $ 150 $ Landing - concreteNS8 $ 125 $ 245 Asphalt SealerNS24 $ 500 $ 860 Stripe Parking as neededNS16 $ 200 $ 440 Landscape - soils / seedNS24 $ 250 $ 610 Hallways - Patch / PaintNS120 $ 2,000 $ 3,800 Vent screens walls / roofsNS40 $ 365 $ 965 Exterior paintNS120 $ 500 $ 2,300 Pool - Equipment / PMNS16 $ 5,037 $ 5,277 Roof - Clubhouse R/RNS24 $ 5,000 $ 5,360 Totals 440$ 14,127 $ 20,127

12 Accomplishments / Challenges Last 30 Days Reserve now over $20,000 (Richard) Basement locks changed (Staff) Continued cleaning hallway carpets (Contracted) Agreed to additional staff to accelerate hallway recoveries. (Board) Power washing of awnings / entrance concrete areas (Pat, Staff) Trimmed / removed trees, chipped into rough mulch – likely finished for this year. (Rebecca, Pat) Evicted an Owner for non-payment of assessments (not sure this is an accomplishment…) Next 30 Days Continue to drive open projects as funding allows (Pat, Staff) Prioritize hallways for cleaning, patching, painting (Pat, staff) Violation inspections / Notices (Pat, Rebecca, TBD) – carry over Drive toward CPTED certification (All) Continue to work on collections (Richard) Develop 1 st pass at 2010 budget Begin preparations for winter…

13 Next Meeting September 9th, 2009


Download ppt "Brentwood of Palatine Condominium Board Meeting 8.12.2009 Treasurers Report Cleaning Labor Economic Conditions CPTED Certification update 30/30 Executive."

Similar presentations


Ads by Google