MANAGER’S REPORT

Latest report -

4/17/2009

Units for rent or for sale

#205 #403 under contract #1005 $395,000 #1806 $699,000
#305 #603 $410,000 #1202 $375,000
#1006 #806 $625,000 #1303 withdrawn
#1602 #1002 ? #1306 $669,000

Administrative

1. Our documents (amended and restated) are silent as to association approval of
purchasers or first right of refusal on any sale.
2. Floor Coverings Q subset of XVI Use Restrictions
“Installation of hard surfaced floor coverings such as tile, marble, wood…must
first be submitted to and approved by the BOD, and if approved, meet all sound
installation standards established by the BOD”….”all areas of the unit which have
hard surfaced flooring will be underlaid with an approved material…”

The association has not established any criteria or standards.
3. Quarterly federal and state payroll tax returns were prepared and mailed timely.
4. The work of accounting firm Patterson & Associates is completed in preparing
compiled financial statements.

Building and Property

1. Elevator – replaced 4 tape guides in south hoistway. No further problems.
2. Spa still closed – bromine feeder on order.
3. North elevator stuck several times. Replaced door roller.
4. Staff made cosmetic repairs to garage exterior.
5. Roof inspection by FIDUS.
6. Water leak in #1803 supply line within unit. Another leak a few days later.
7. New bromine feeder installed. Seal on pump motor replaced.
8. Premier Tennis replaced net on east court and installed new rachet reel on post.
9. Intron repaired spalls on 701 & 705 and 11th & 12 floor breezeways.
10. #1606 water spot / seepage on L/R ceiling. Dririte called to diagnose. No report.
11. Water leak in #604 supply line within unit. Staff repaired.