MANAGER’S REPORT

September 21, 2009


Units for sale or rent #505 $375,000 #1202 $310,000 short sale #1806 $649,000 #603 sold 9/21/09 #1206 contract close 9/28 #803 $375,000 #1404 $299,900 short sale #1005 $350,000 #1801 contract close 9/28

Personnel Hired Barbara Kesslar to perform janitorial work and plant care

Administrative

1. Mailouts for special assessment and annual meeting second notice and proxy done timely. Some communication being done by e-mail where possible.

2. As of 0900 Monday morning: 29 paid special assessment in full; 56 paid the first installment: 35 paid the second installment. Total collections: $142,800

3. The federal government billing is up-to-date: they owe us $16,000!

4. Unit #101 tenant moved out the end of August. Will use security deposit as partial rent for unpaid period. Unit being repainted. Purchased new washer.


5. Need to review policy on water leaks and responsibility.

6. Work begun on 2010 calendar year budget.

7. Delinquent owners – one auction scheduled for October. Another is being foreclosed by lender. Other action delayed by probate action.

Building and Property

1. South garage door needs to be replaced. Ordered same and will install when received next week.

2. Front building entrance redone with new plants and colored rock.

3. The 13^th floor planters were used as a showcase for new foliage.

4. A section of the main water supply line replaced in 203-303.

5. Units in renovation: 1002, 906, 1203 & 1401 is getting hurricane shutters.

6. Clog in 06 stack condensate drain line below #606 caused backup into unit.

7. Pull test (2^nd one) done by Soprema Co. on roof.

8. Atlas Scientific Technologies performed asbestos survey on the roof.

9. A 16 yr. old hot water heater leaked in a 6^th floor unit.

10. Tennis court fence components are rusting badly.