MANAGER’S REPORT

December 15, 2008

Units for sale or rent – no changes from previous month

Personnel – Maintenance and janitorial received increases of fifty cents per hour.

ADMINISTRATIVE

1. Contract for Direct TV signed on December 9, 2008. Provider can now offer satellite TV services as an alternative to cable. Telephone # 238-0123.
2. Financial statement(s) for 2008 will be prepared by Patterson & Associates, CPA.
3. Adopted budget is ready to mail…waiting for other items to include in mailout.
4. Insurance appraisal – our last appraisal was two years ago. Citizen’s requires an appraisal within 18 months of renewal. Our agent recommends an updated appraisal.
5. Our insurance agent, Richard Gross, said that no insurance carrier will insure for water seepage. They take the position that it is caused by lack of repair and maintenance…the waterproofing envelope has been compromised.

BUILDING AND PROPERTY

1. Unit #903 completed renovation to include re-plumbing of water supply lines.
2. Unit #503 has also been re-plumbed and unit #1802 will be in January 2009.
3. The Clubroom framed wall above the east windows is deteriorated badly and needs to be repaired.
4. Donovan Heat & A/C completed semi-annual PM service on five units. Cost to renew service program is $840.
5. Replaced garage door card reader. Some card numbers were not loaded into the new reader and do not work.
6. Our plant beds on the east side of the building are dying off. Our turf is being overrun by dollar weed. I am going to have a spray company begin a campaign to eradicate the dollar weed.
7. Crawford Electric had to re-wire the mechanical rooms next to the elevators (17 levels) because there was no ground wire in the conduit and circuits kept shorting out.
8. Annual fire alarm inspection needs to be scheduled and accomplished. The public address part of the panel appears not to work again. The equipment and technology are old and finding repair parts is becoming increasingly difficult.