5000 North Marine Drive Corporation

5000 North Marine Drive Corporation June 2007 Newsletter

Summer greeting to shareholders and residents at 5000 Marine! On behalf of the Board of Directors, we’d like to share whatever news we have so that everyone is up-to-date at 5000 Marine! Welcome to New Shareholders It is a pleasure to welcome Janelle Cooper as a new shareholder in unit 12A. Best wishes to Mark Richard and Kelly Nespor in their new home in Hyde Park!

We have three other closings that are pending. We will welcome those new shareholders in the next issue of the Newsletter. Welcome to New Sub lessee’s We also welcome Bob Hovanes and Erin Quinn, who are subleasing from Nancy Sommers in 12E for the time being. Best wishes and returned health are our wishes for Nancy as she enjoys her home close to family.

One other sublease is pending and we will welcome that new resident in our next Newsletter.

Welcome to David Shaw, New Property Manager It’s a pleasure to welcome David Shaw as our new property manager. David has been in the property management business for the last ten years and so he comes to us well experienced. He also served for a time a Support Services Director at St. Joseph Carondolet Child Center. David is also a graduate of the Culinary Institute of American n New York. Thanks… …to all of you who so generously volunteered for so many things on behalf of 5000 Marine. And thanks to Liz Hayden, John Koch, Ray Hicks and Roger Reeves for transforming our lawn and entrances with the beautiful flowers and plants. Everything looks wonderful – and especially so since Sado and Dean managed to get the little iron fence in front of the building repainted. We’re looking mighty spiffy! Thanks, everyone! May 29th Board Meeting The Board took only two formal actions at its meetings: - Approval of a carpet cleaning company proposal, which should happen soon. The company will also incorporate a stain protector in the cleaning process. - At the request of some concerned shareholders, the Board reaffirmed an action of an earlier Board that provides for a move in/move out fee of $150 for the express purpose of hiring security personnel to guard the entrance/exit in use during the move. - The Board also approved a reminder letter to shareholders from the House Committee regarding the importance of keeping back halls clear for our safety in the event of fire or other need to evacuate. Update on Façade, Terra Cotta and Roof Repairs At this point, we are anticipating that 50% of the terra cotta will be delivered the first week in October with the remainder by the end of the calendar year. (The terra cotta is being fabricated by a firm in England – Shaws.) Construction will begin on October 1st and will continue as long as weather permits. Then construction will resume again in March and be completed by early May, we hope. The roof repairs will then follow the completion of the façade work. Priorities of the Board for 2007- 2008 Among many issues, project and concern that are before us as a shareholder community, the Board selected the following as the top five priorities for this beginning of the fiscal year at 5000 Marine. (Other priorities may surface as we progress on these first five.) - Long term Financial/Capital Strategy - Marketing Support for Listed Units - Façade, Roof, Plumbing Repairs - Crisis/Emergency Plan - Governing Documents Review/Legal Issues

Other priorities that will also be given attention include: developing a ListServ to communicate electronically with shareholders, reviewing procedural guidelines for the transfer of shares, building a better community spirit and addressing problem areas such as Comcast, assessment statements, organizing Corporation files, etc. Various Other Issues - The Corporation is now reinstated and in good standing with the State of Illinois. (The annual report had not been filed in a timely manner.) - The City will conduct an inspection of the building on June 21st as a follow-up to the summons regarding the windows. Our new window maintenance plan should put us in a good position for this review. - The elevator phones have been installed and are now operative, so that shareholders can contact personnel in the event of an emergency. - Various Other Issues (continued) - The Eligibility Committee will be reviewing the rental/sublease policy, based on shareholder survey input, and will make a recommendation to the Board at its June meeting. - The Eligibility Committee will meet regularly on the 1st Mondays and 3rd Thursdays of the month to accommodate potential buyers for the necessary review prior to the transfer of shares. - The Finance Commission will be considering policies related to late fees and also the manner in which the 2007-2008 special assessment is levied. These are important matters that you may want to give your advice on and you are encouraged to attend the Commission meetings. - The Listening/Advisory Sessions will be held twice a month this year: one on a Saturday morning, chaired by Frances Maggio, and another on a Thursday evening, chaired by Tom Lohr. We look forward to your comments and concerns at these meetings. - In an effort to get every part of our building looking “spiffy” for potential buyers and for our own enjoyment, the House Committee will be working with a group of interested and capable shareholders to plan cosmetic enhancements to such areas as the laundry rooms, bike room, exercise room, Charlie’s apartment, Board Room, etc. If you have interior design expertise, we welcome your involvement. These renovations will be done “on a dime” until we come to an agreement if and how major renovations should be done. - The “Long-Term Financial Capital Strategy Task Force” will be meeting pretty intensely this summer in the hope of having that Strategy drafted and developed enough for shareholder consideration by September. - We are working hard with Lieberman Management to address the many difficulties we have had with assessment statements and with financial issues generally. Due to a change of accounting systems at Lieberman on January 1st, the reliability that needs to be associated with financial activities has not bee there. Please know that we are doing our best to get these things straightened out. If you have comments, questions, suggestions… The Board of Directors is here to serve all of our interests. Please be free to express your needs/concerns/hopes to any of us. Just please know that we are not managers of the building – we don’t have the tools to address issues that need to be handled by the Manager, such as assessment statement difficulties. We will, of course, be glad to advocate on your behalf. David Shaw has extensive experience with the financial systems of property management and can do a lot to clarify issues for you. But Board members are pleased to receive your comments and suggestions relating to issues that rest with the Board. In the meantime, we wish you a relaxing, fun summer and we again ask your support and patience as we work on behalf of 5000 Marine Drive.

Katherine Delaney,3F Michael Cosgrove,7F Don Gottesman,5F Beth Hansen,4B Terry Hayden,10A Tom Lohr,12F Frances Maggio,5A Bernadette Ross,4A Rob Rubin,12C

2007-2008 Commissions/Committees/Task Forces

Thank you to all the generous shareholders who have volunteered to help with the many tasks and issues that must be addressed this year. The following is a list of the commissions, committees and task forces that have been appointed for the year. If you are interested in helping – and your name isn’t listed – please let us know of your interest. Maintenance Commission Ed Bowe – 7A Don Gottesman – 5F, Co-Chair Rob Rubin – 12C, Co-Chair Landscaping Judy Thornber – 8F Helene Marie Quick – 5C Steve Kadlec – 8D Raymond Hicks – 14C Donald Klinock – 10C Liz Hayden – 10A Ed Spencer – 15D Yung Yi Hsieh – 2E Ed Bowe – 7A House Commission Frances Maggio – 5A, Chair Raymond Hicks – 14C Eligibility Committee Liz Hayden Bernadette Ross – 4A, Chair Roger Reeves – 5A Terry Hayden – 10A Mike Cosgrove – 7F HC Task Forces Frances Maggio – 5A Crisis/Emergency Plan Tom Lohr – 12F (alternate) Joanne Hoskins – 1B (Chair) Raymond Hicks – 14C Finance Commission Yung Yi Hsieh – 2E Terry Hayden – 10A, Chair Beth Hansen – 4B, Assistant Chair Design on a Dime Mike Cosgrove – 7F st (1 Floor, Laundry Rooms, Bill Hersh – 6A Board Room, Bike Room, Steve Weiss – 11C Exercise Room) Board Task Force Helene Marie Quick – 5C Long-Term Financial/Capital Strategy Judy Thornber – 8F Katherine Delaney – 3F, Chair John Koch – 14C Terry Hayden – 10A Iris Blustain – 2D Beth Hansen – 4B Steve Weiss – 11C Frances Maggio – 5A, Assistant Chair Patrick Thompson – 9A Vincenzo Battaglia – 8A Paul Fairchild – 10D Phyllis Higgins – 4C Don Gottesman – 5F Yung Yi Hsieh – 2E Rob Rubin – 12C Judy Thornber – 8F

Marketing Task Force Tom Lohr- 12F, Chair