Committee meeting June 25, 2009
Attending:
Warren Miller, Ed Plummer, Charles Unger, George Field
Meeting began at 02:00 PM with a brief discussion regarding the financial situation of B101 and the rental of B105. Ed proposed a notice above the realtor lock box rail in each building informing the realtors of the web site containing the Condo rules and regulations so they can be better informed when dealing with clients.
Warren indicated that, after the three current settlements from unit sales the “Working Capital fund” will be fully funded. Also, he recommended taking $26,000 and placing it in another CD.
Charles Unger reported on his project of investments in Government backed Bonds and other alternative investments along with the current CD investments the association has in place. A copy of his report is available for review.
Conclusion:
After discussions with his contact at Charles Schwab and adhering to the restrictions of the Condo By laws the recommendation was to continue with the CD investments.
A general discussion ensued regarding the upcoming 2010 budget process.
Bill Goetz was not available due to his traveling.
The meeting was closed in due order at 03:30 PM
Next meeting will be on July 23, 2009 at 02:00 PM
Respectfully submitted,
George Field