Temple Lofts HOA

General Board Minutes

Call to order: 7:04 am/pm

In Attendance: ⬛(present) ⬜ (absent)

Residents Present: Wade (212), Tyler (320), Jane (413), Gustavo, Chris H, Charlene (522), 225, 226

Open Forum:

(Comment): Can work/renovations be approved between board meetings
- (Board Response): as long as procedures are followed including permits and submissions
(Comment): Any upcoming expenses
- (Board Response): Will be discussed after forum in the meeting
(Comment): Appreciates Board follow up
- (Board Response): 🙂
(Comment): Why were police at the building
- (Board Response): We will notify the building of any reports that are a threat to community property
(Comment): Noise complaints
- (Board Response): Recommend to document all complaints, e-mail board with date of incident, unit #, etc. That way we can start the fining process if necessary

General:

Approval of minutes:
- Approved
Financials update:
- $12,547 with $446,164 in reserves
- Budget
  - Income is good
  - Insurance about $3k over (normal)
  - Collection costs will be coming to us
  - Plumbing – $4k-$15k
  - Depositing $10k into reserves- (in the black)
  - 3 residents in default
    - 1 paid
    - 1 letter
    - 1 collections (foreclosure)
Maintenance Update:
- 2 doors in alley will be getting fobs for safety ($9k)
- Updating all lighting in the building to LED
Admin Update
- Covid-19- no change

Other:

Can residents get a copy of financials
- Yes, but it will need to be made available to all residents (paper printed) in advance
Recommended to confirm and address oversight of on-site cameras
Copper flakes in 518- only visible when work is being done
Mills Act in the works
Getting quotes for Rekeying as it’s been about 6 years

Action Items:

Adjournment: 08:00am/pm