TIME & PLACE:  7:00 PM on Thursday, December 4 , 2014 at the Moorage Office (C-7) located at 2630 N. Hayden Island Drive, Portland, Oregon, 97217

Board Members Present:

• Mr. Rick Ruffo, President
• Ms. Nancy Lindgren, 1^st Vice President
• Ms. Jory Abrams, 2^nd Vice President

• Ms. Ann Jacobsen, Treasurer

• Mr. Walt LeDoux, Secretary (Call In)

Board Members not Present:

Order Of Business

• Call to Order
  • The President called the meeting to order at 19:00 and determined there was a quorum with all members present.

• Reading & Approval of the Minutes of Previous Meeting

• The Secretary had e-mailed minutes from the previous meeting.

• Motioned, seconded and passed unanimously to approve the previous Board Meeting minutes with 1 minor correction.

• Treasurer’s Report
  • December
  • Dues: 1 owner not current by 1 month.
  • Dec Water: $5,305.46

• Sewer was expensed at $4000 since we had received no bill.
• MTD 112.9% of budget and YTD 118.1%.

• October paid November Landscaping: $1,715.00

• MTD 107.2% of budget and YTD 95.9%.

• Property Taxes remitted in amount of $43,531.49.

• MTD/YTD 98.9% of budget.

• Travelers Insurance renewal - $25,600.00
  • YTD 75.6% of budget.
• MTD Total Expenses for Nov: 89.2% of budget & YTD 96.8%.
• Cash reserves: $401,329.44 with Schwab.
  • Cash Balance is $101,329.44
  • Purchased in Nov
    • GE Capital Bank - .4%, $50,000.00.
• Full Financial report is filed with Minutes.
• Motioned, seconded and passed unanimously to accept this Treasurer’s Report.

• Old Business:  Standing Committee Reports

• Facilities & Grounds – Jory Abrams

§  Freeze Valve Return – hold was on credit card – have now gotten credit.

§  Sewer Coupling – Harbor Svcs will repair in a week or 2, has been sick

§  Gutters need cleaning. 

§  Called 3 cleaning services, will also ask Primativo

§  May also have a clogged drains, may have to call Roto-Rooter.

§  Will speak to gutter people about screens.

§  We have one section of gutter on the back of Bldg B that has no outlet, gutter

company will be called to fix.

o   Fire, Security And Safety – Nancy Lindgren

§  Speed Bumps – Researching use of reflectors vs speed bumps.

§  Tenant Parking Violations – We should notify owner & control it that way

§  Fire Extinguisher box replacement will be budgeted for next year.

• Architectural Review – Walt LeDoux

§  Submittal for fence on #20 has been approved.

o   By-Laws, CC&Rs And Rules – Ann Jacobsen

§  Documentation to tenants – Nancy asked if we should consider requiring tenants to sign that they have received copies of rules, etc. and insert in their records.

o   Violation & Adjudication – Rick Ruffo

§  The Board unanimously rescinded Rule 5c3 which covered commercial vehicles being parked in the lot.

• Other

§  Placeholder

• New Business

Placeholder

• Adjourn:  Motioned, seconded and passed unanimously to adjourn meeting at 19:55.

• Next Planned BOD meeting rescheduled for Thursday, January 8, 2015.