Minutes of Board Meeting, Jan 26, 10.

1. Establish a Quorum/Roll Call—Drago Kahanu (501 W), President; Richard Muny (804W), Vice-President; Joseph Metelski (701 E), Treasurer; Robert Beck (102W), Secretary, Robert Klamo (602E), Director; Millie Kelley (402E), Director; Leon Bradlow (403W), Director
2. Call to Order—Immediately following the reconvened General Residents’ Meeting, the January Directors’ Meeting was called to order at 6:02 P.M.
3. Approval of the November 24, 2009, minutes. Motion to waive reading made by Millie Kelley and seconded by Joseph Melelski. Motion carried unanimously. Motion to approve minutes made by Richard Muny and seconded by Joseph Metelski. Motion carried unanimously.
4. Financial Report—Joseph Metelski We have the money to pay the insurance and will do it. We are about 3% under budget for the entire year of 2009. Joe stated that he and Drago had a meeting with Condominium Associates to review /update our financial situation and determined there were funds to complete the current project list.
5. Property Management’s Report:
New pool pump installed
Underwater pool lights repaired
Dock lights were repaired
Island Towers sign light repaired
Post lights in front of buildings repaired
Palm trees trimmed and one tree removed
6. Unfinished Business
$50,000 in projects was previously tabled. According to President Kahanu, we’ll start going through this “log jam.”
Curbing Installation: Tabled
Sidewalk Repairs near Seawall: Waiting for All Phase Paving estimate. However, Board approved up to $15,500 or less when bid comes in. Sidewalk will not be adjoining seawall. Motion made by D. Kahanu, seconded by B. Beck. Motion carried unanimously.

Pool Fence: All bids are in. Board approved the project with the following specifications: a 4 foot fence, 2 gates instead of 4, commercial aluminum fencing, picket style, powder-coated white with a second coat of paint if possible. Award to lowest adjusted bid. Motion made by D. Kahanu, seconded by Richard Muny. Motion carried unanimously.

Downspout Box: Option #3 ( Concrete Encasement Bench with one side), which was recommended by the Roof Committee was approved by the Board. Motion made by D. Kahanu and seconded by R. Klamo. Motion
was carried unanimously. ($8693.00)

Concrete Curbs near Walkways: Tabled until all bids are received.

Pool Heaters: The pool committee is composed of Bob Klamo, Jim Duffy, Geri Bixler, Bob Beck and John Richardson. Bob Klamo made a presentation on what the committee has determined to date. Our current heating system is out of date and may not work anymore. Also, the cost to use it is believed to be extremely high. In researching options to improve the heating system, the committee determined that a geothermal heating system would be the most cost effective over the long run. John Richardson reviewed the cost structure. The initial cost would be high ($123,000); however, the operational cost would be extremely low ($7,000/ year). He stated that this was a total cost that includes legal contingencies, etc. He further emphasized that our pool heating system is obsolete and that it is a Board decision to restore it. Someone else stated the realtors were advertising the pool as being heated which was deceptive. Bob Beck stated that because the heating system doesn’t work the pool is not used for around five to seven months out of the year. Dick Muny suggested that we get a legal opinion on who should make the decision, the Board or the Membership. The rest of the Board agreed. Drago Kahanu stated that he would contact the attorney and get a determination. He thanked the pool committee for their work and stated they had provided the Board with more information than it has ever had before. He stated that with the completion of the renovations, Island Towers was now one of the best places to live in the area and that fixing the heating problem would further enhance the value/desirability of the property. He further stated that the report was a starting point and the next step should be an opinion from the attorney on how to proceed.

Canoe/kayak rack: Tabled

Bar Cabinet: Bid awarded to Blue Chip Construction ($1695.00) Motion made by R. Muny and seconded by R. Klamo. Motion carried unanimously.

Water Pipe Cover: Bid awarded to Blue Chip Construction ($245.00). Motion made by D. Kahanu and seconded by R. Klamo. Motion carried unanimously.

East and West Tower Drainage: Tabled

Clean and Seal Pool Deck Pavers also Pavers
In Front of Clubhouse: Tabled

7. New Business:
Flood insurance renewal: We will be getting a 12% rebate. The total
rebate for both policies is $4200.36 (200-- $2114.28, 300--$2086.08)
Damage claim for 603W: No reimbursement to the owners of 603W will be made at this time since Class Appliance Service found the refrigerator in question did not start because two components in the compressor failed. Also, the owner of T. Mickey McGee Electric Service, Michael Duffy, has written a letter on file which states that the company proposed and completed the job without turning off breakers in the electrical panels. Steve has sent a letter to the unit owners advising them of his findings.
Jose 2’s Salary Review: Board voted unanimously to raise Jose 2’s
hourly rate to $12.00/ hr. He has not gotten a raise since he started
working for us two and a half years ago. Motion made by D. Muny,
seconded by B. Klamo. Motion carried unanimously.
Vehicle Parking: a unit owner in the East Building is purchasing vehicles for resale and storing them in our parking lot. If we can’t stop him, we have to start towing the vehicles out.
Purchase of flat screen TV for clubhouse: TV cost $1550. We still need to get a stand and HD DVD player.
Unit Owners’ Letters and Concerns: Jodie Canon (102 E) had a leak that damaged personal property in the unit. Steve said that our laws state that it is the unit owner’s responsibility to pay for the repairs and that the Association is prohibited from paying for the damages.
Adjournment: Motion made by B. Klamo and seconded by D. Muny.
Motion passed unanimously. Meeting adjourned at 8:27 PM.
Respectfully submitted,
Robert W. Beck, secretary
Island Towers Association