A quorum was achieved (52.75% present & by proxy) and the meeting began at 8:10 pm. The Board introduced themselves [Terra Chalberg, David Crofton, Rose Firestein, Peter Levy, Levi McConnell, Katharine Mukherji, Matthew Pilkington], and the owners voted to waive the reading of last year’s minutes.
I. Accounting
The Condominium’s accountant, Mark Levitch, presented the Financial Report for the year ended December 31, 2009. The Condominium’s financials were found to be in order. There was a large surplus for the year, even with renovation costs and building improvements in 2009 of about $16,000. The improvements included painting, carpeting, and replacing light fixtures. The Condominium had raised approximately $75,000 in surplus during 2009, which explains the ability to pay for renovation costs and still increase the Condominium’s cash position.
The Condominium has retained its $250,000 line of credit, at 1.5% over the prime rate, which is an inexpensive means of borrowing money in times of necessity, due to current low prime rates.
The receivable common charge and legal fees increased from 2008, mostly attributable to Apartment 3C. The legal fee was a one-time fee to foreclose on the owner of 3C. Foreclosure has been initiated.
We are getting a new water meter installed, required by the city. They noticed the meter wasn’t functioning properly.
II. Managing Agent
Elia Malara went through a list of the activities that occurred in 2009. The sidewalk in front of 15 Bergen was fully repaired. The roof deck over 3F was replaced. In 120 Boerum, the stairs, lobby, and window were painted and repaired. In 15 Bergen, the skylight and some damaged roofing over 3S was repaired.
The old boiler was dismantled and removed according to the appropriate procedures and regulations.
The roof fans are being replaced, as they fail, with quieter ones.
The 2009 Assessment Protest has been filed. We are still awaiting word on our Assessment Protests from 2004 through 2008. The Star abatement is still in effect but may only continue until 2012.
III. Maintenance
For any maintenance issues, please contact Jose first, and if need arises, Elia second, and the Board third.
IV. Elections and Re-elections
John Carluccio was elected to replace Matthew Pilkington, who has resigned. Levi McConnell was elected to replace Steve Dembitzer, whose term was up and who has moved out of Skytrack. Katharine Mukherji was re-elected, unopposed.
V. New Business
An owner requested that emergency lights be put in 15 Bergen, to which the Board has agreed.
An owner in 120 Boerum Place (John Carluccio) brought up the issue of the heating gauges on the thermostats in units where they have not been replaced and thinks that a referendum to have them all replaced would solve the issue of unwanted heat in the apartments.
An owner brought up the issue of the walkway connecting 15 Bergen to the rest of the buildings being unsafe and not up to code. She will look into what should be done to make improvements and bring it to the Board.
It was discussed that children should not be on the Skytrack, especially unsupervised.
At Audrey Weinberger’s suggestion, we discussed asking that as owners renovate their apartments, they install shut-off valves for the unit’s water, so that eventually, every unit will have their own shut-off valve, lessening the need for all-building water shut-offs.
As a reminder, if you register on the Condo’s website, you’ll receive notices and updates in a convenient manner. The registration button is in the lower right corner of the page. Registered users can access notices, minutes, announcements, and documents like the By-Laws and Rules. Contact information for the Managing Company, Super, and Porter are also included. The website URL is https://skytrackcondo.com.
There being no further business, the meeting was adjourned at 9:15 pm.
