Board Meeting 10 2012

October 22, 2012

Parc On Summit Condominium Minutes - Board of Directors Meeting

Call to Order
Forrest Rode, President, called to order the Board of Directors meeting of the Parc on Summit Condominium at 6:30PM on Monday, October 22, 2012 at the Capitol Hill Public Library - 425 E. Harvard Avenue, Seattle, WA 98122.

Forrest Rode – President
Steve Wilson – Vice President
Ellen Hutchinson – Secretary
Dave Swanson – Resident Manager

The September Board Meeting Minutes will be reviewed at the November meeting.

Financial Report
Steve Wilson, on behalf of Suzanne Heidema, reviewed that the finances are in good shape.

Building Manager Report
David Swanson reported that the building is running smoothly.

Deck Project Report
Steve Wilson reported that due to a change in circumstances, the inter-pleader process was not pursued. Instead, Steve made a motion to pay $6,000.00 to satisfy the sub-contractor's claims in order to finish the contract and further retain attorney, David Burkett, to retrieve the money from the sub-contractor. The motion was seconded by Forrest Rode and unanimously approved.

Balcony and Roof Repairs Report
Steve made a motion to expand our architect, Ralph Allen's contract for the roofing repair investigation to include the complete envelope study, Forrest seconded, and it was unanimously approved.

Reserve Study Report
Steve Wilson, on behalf of Suzanne Heidema, reported that the Reserve Study is in process and should be ready for the November meeting.

Unfinished Business
Forrest Rode made a motion to approve the S-201 Flooring Project, Ellen seconded, and it was unanimously approved.

New Business
Steve Wilson reported that our insurance company is requiring us to complete all major projects by next October, which will require a special assessment.

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