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CALL TO ORDER
The meeting was called to order by Lance Parker at 3:00 pm. Eight (8)
owners were in attendance.
ESTABLISHMENT OF
A QUORUM
There is a quorum of five (5) Board members present.
ACTION ITEM #1:
APPROVE MINUTES
John Higginson made a motion to approve the minutes from the December
1st, 2021 Board of Directors meeting. This was seconded by Del Cahill.
Alaine Kamm noted that she was listed as attending the meeting as a
board member, but was not elected yet. The correction was made. The
motion passed unanimously.
PRESIDENT'S
REPORT
The President's Report was presented by Board President, Lance Parker.
TREASURER'S
REPORT
The Treasurer's Report was presented by Treasurer, Del Cahill.
MANAGEMENT REPORT
The Management Report was presented by Associa Chicagoland Property
Manager, Cherie Murphy-Schmidt.
ACTION ITEM #2:
APPROVE INSURANCE PROPOSAL.
At this meeting, the Board of Directors will approve the insurance
proposal provided by Alliant Mesirow. Our present insurance will expire
on Feb 27, 2022. The total premium is approximately 3% higher. Below,
is a table of our current premiums and the proposed premiums. The 2022
Insurance budget is $42,000.
ACTION ITEM #:3
APPROVE GAS CONTRACT
At this meeting, the Board of Directors will approve the extension of
our gas contract with Constellation Energy. Our current contract
expires in April 2022. Our fixed price for the current term is
$.356/therm. Our supplier is estimating our 2022 cost to be $71,227.40
and our 2022 budget is 78,735.00.
ACTION ITEM #4:
APPROVE ELECTRICITY CONTRACT
At this meeting, the Board of Directors will approve the extension of
our electricity contract with Constellation Energy for months. Our
current contract expires in April 2022. Our fixed price for the current
term is $.05659 per KWH. Our supplier is estimating our 2022 cost to be
$10,259.17 and our 2022 budget is $12,000.
ACTION ITEM #5:
APPROVE GARAGE PROJECT CONTRACTOR
At this meeting, the Board of Directors will approve the contract with
J. Gill to rehabilitate our parking garage for Klein and Hoffman
Project No. 09059.0001R. With K&H's experience with J. Gill, they
have recommended that the Board award the contract to them as they are
the lowest, reasonable bidder.
The following is an estimated summary of the costs associated with this project:
Necessary Work
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Alternate A
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Drawings/Bidding (Complete)
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$11,000.00
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Rehabilitation Program:
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$409,811.50
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$10,054.00
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Contingency (15%):
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$61,500.00
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KH Estimated CA Fees (Hourly):
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$25,000.00
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TOTAL ESTIMATE:
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$507,311.50
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$10,054.00
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MEETING
ADJOURNMENT
John Higginson made a motion that the meeting be adjourned at 3:45 pm.
This was seconded by Del Cahill. The motion was passed unanimously.
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