Board Members Present: Matthew Pilkington, President (through July 2024),Treasurer; Katharine Flanders Mukherji, VP; Michael Tedesco; Rose Firestein; Cameron Martin; Audrey Weinberger
Also in Attendance: Valdet Boleviq, Superintendent; Kathleen Malara, EM Holding Corp.
Superintendent’s Report:
- A contractor doing work in a Unit at 134 Boerum damaged the Common Area hallway in that building. The Unit owner is responsible for repairs, which must be completed promptly. If not, the owner will be responsible for the full cost of repair that the Condo will have completed.
- Several units experienced minor leaks from ceiling and/or walls during recent heavy rain. Many seem to be one-time occurrences due to direction of wind. Leaks have been/will be addressed.
- The WhatsApp Group that has been established for lower-level Units which have experienced sewer backups in the past is functioning well.
- The renovations to the Super’s apartment are proceeding well.
New and Ongoing Business:
- The Board discussed multiple approaches to and the cost of repairing façades of garage and Dean St. side of 120 Boerum. These repairs are needed to mitigate potential safety issues and to repair and prevent future water damage to the buildings and Units. After reviewing numerous bids, the Board selected contractors and techniques that will meet these needs and keep the condo’s expenses within budget.
- A loose brick on the garage façade was replaced and the repair was deemed safe.
- Repairs to the Unit 2L wall are scheduled to commence on April 2, weather permitting. While work is in progress please use caution for materials, equipment, and scaffolding on the Common Area roof of 120 Boerum.
Financials:
- The Condo’s income and expenses are currently within budget.
- The Condo’s insurance expires on March 31, 2024. Premiums are increasing significantly for next year, and our broker has attempted to obtain quotes from multiple other carriers and successfully negotiated a reduction in premium on the original quote from our existing carrier. According to our broker, and based on independent board research, the amount of the increase reflects the national and local trend in commercial insurance. The Board has authorized the new policies and will begin the renewal process earlier in the 2024-25 coverage period to attempt to minimize expected future increases.
Announcements: Reminder that all owners must notify EM Holdings before any work is commenced which could affect Common Elements, which includes a contractor needing to move materials through hallways.