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Brentwood of Palatine Condominium Board Meeting 8.12.2009

Brentwood of Palatine Condominium Board Meeting 8.12.2009. Treasurer’s Report Cleaning Labor Economic Conditions CPTED Certification update 30/30 Executive Session. Brentwood Liabilities. Cash Position as of 8/1/2009. Operational account = $27,758.86

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Brentwood of Palatine Condominium Board Meeting 8.12.2009

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  1. Brentwood of Palatine Condominium Board Meeting 8.12.2009 • Treasurer’s Report • Cleaning • Labor • Economic Conditions • CPTED Certification update • 30/30 • Executive Session

  2. Brentwood Liabilities

  3. Cash Position as of 8/1/2009 Operational account = $27,758.86 Reserve Money Market = $20,680.53 Total = $58,466.39

  4. Assessments by cash

  5. 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.

  6. 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

  7. 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 31st. 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.

  8. Summer project list – Completed or in process

  9. Summer Projects - Open

  10. 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 1st pass at 2010 budget • Begin preparations for winter…

  11. Next Meeting September 9th, 2009

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