CENTRE POINTE STATION CONDOMINIUMS

Record of Proceedings - February 15, 2016

The regular meeting of Centre Pointe Station Condominiums Board of Directors was held February 15, 2016 in the basement meeting room at 4600 E. Asbury Circle, Denver, CO. The Directors were present or absent as shown below. Phil Mills of Western States was present. John Murray, the resident manager was also.

President Jim Jones: Absent Treasurer Justin Wimbish Present Vice President Michael Beninati Absent Director Molly Sanchez: Present Secretary Jarrod Keever Present

Call to Order Jarrod Keever called the meeting to order at 5:05 pm. A quorum was present.

Homeowner Comments  None were present or presented for discussion.

Minutes The minutes of the Board meeting held December January 18, 2016 were approved.

Managing Agent’s Notes Mr. Mills reported on:  John filled the gas line repair hole with dirt and topped it with a new concrete finish.  The meter housing for the 3-phase to the elevator pump and boiler pump motors loosened and arced, causing the loss of one phase for the boiler pump. The elevator wiring is hanging in. The housing and meter will need to be replaced. The boiler pump motor was replaced with a single- phase motor and wired into an available 20-amp circuit in a house panel. Electricians are working with Xcel Energy to plan the replacement of the 3-phase meter and housing.  The invoice for the gas line repairs was $5,361. Phil negotiated it down about $1,000 and is waiting for a revised invoice.  #210 has been posted for rent on Craig’s List but no responses have been received yet. It was suggested that photos should be attached and perhaps post the listing on Zillo.

Resident Manager Report  John was ill, not present and provided no report.

Financial Reports  The Board reviewed the cash position and financial activity of the Association during January.  Delinquencies were down to $10,972 from $11,676. Prepayments were $4,603.  The operating account had an ending balance of $330.58 from $12,862 last month. The reserve account had $4951,2312.  Operating disbursements of $25,920 included $7,555 in insurance premiums, $1,167 for carpet cleaning and $1,670 for snow removal.  Reserve account activity was the budgeted transfer to reserves and interest on the balance.  Year-to-date expenses (1 month) were $8,289 over budget.

Committee Reports  Justin reported on two companies quoting new DVRs and cameras for the security system. Costs for the components (DVR and 12-16 cameras) is in the $5,000 - $6,000 range but the installation costs are difficult to determine. Justin will obtain further information.  Jarrod reported on two light fixtures for the hallways. The existing Circline fluorescent bulbs burn out too quickly. The suggested replacements are LEDs and cost from $60 to $108 per fixture. Jarrod will get more information including the expected life span, whether individual LED bulbs are replaceable and what colors would be best.

Unfinished Business (To Do List)  None was brought up for consideration.

New Business A motion by Molly Sanchez to purchase a couple of light fixtures for testing was put on hold pending research by Jarrod.

Adjourn There being no further business to transact the meeting was declared adjourned at 6:05 PM. The next regular meeting will be Monday, March 21, 2016 at 5:00 PM in the Association meeting room, or at such other time and place as is mutually agreed to.

Respectfully submitted,

Phillip Mills, Acting Secretary