Board Members Present: Matthew Pilkington, President (through July 2024),Treasurer; Katharine Flanders Mukherji, VP; Andrew Kurland, Secretary; Peter Levy; Michael Tedesco; Rose Firestein; Cameron Martin; Terra Chalberg
Also in Attendance: Valdet Boleviq, Superintendent; Kathleen Malara, EM Holding Corp.
Next meeting: February 27, 2024
Superintendent’s Report:
- The Dean Street staircase was painted, including radiators, and scuffs will be corrected.
- The insurance company made a few recommendations for improvements, which were very minor and have been implemented to the extent they were not already a practice (e.g., the Condo already has its fire extinguishers regularly inspected and certified).
- Certain units on the 2nd and 3rd floor of 120 Boerum have experienced water ingress issues from exterior walls.
New and Ongoing Business:
- The Board discussed obtaining bids to address the water ingress issues mentioned above.
- The Board discussed and approved necessary renovations and repairs to the Super’s apartment.
- Verizon desires to bring FIOS internet/TV/phone service to the building, which is a positive development. So long as this can be done in an unobtrusive fashion, the Board is in favor of proceeding with this, as it will give everyone another option (apart from Spectrum) for service. Allowing the Buildings to be equipped for service will not cost us anything. Spectrum service will remain unchanged.
Financials:
- We were over budget for the year primarily as a result of the lobby renovations which took place in 2023, garage clean-up projects, and roofing repairs.
- Over the next number of months we expect to incur additional large one-time expenses related to repairs to exterior walls at 120 Boerum and necessary renovations to Val’s apartment. These expenses may not be covered by regular Common Charge receipts in light of all other regular expenses, notwithstanding the recent 5% increase that went into effect on January 1. We will negotiate to pay all bills gradually and believe we will be able to manage the expenses as our finances stand currently. The Board has at least two options if expenses become larger than income, however – utilize our existing line of credit that has not been drawn, or raise funds through a short-term assessment. The Board will continue to keep all owners apprised as we learn more about when the necessary expenses will be incurred.
Announcements:
- Reminder that Unit owners are responsible for the repair and maintenance to everything that does not constitute a Common Element.
Please ensure you are paying the correct Common Charge amount. Late fees will be imposed for those who do not timely pay the correct amount. Please contact EM Holding with any questions.