Finance & Legal minutes: 2007-07-23

Agenda:

Finance Committee Meeting 07-23-2007 Minutes

Agenda
1. financial reports
2. LCE/GCE as regards porches

Minutes:

1. Financial reports are on hold til next meeting

2. LCE/GCE as regards porches
Spreadsheet updated at
http://spreadsheets.google.com/pub?key=pVyXrTYQgGkWktGFsbiO2BQ

Some small corrections to the text of the proposed changes document. As
below:

LCE / GCE proposed changes for master deed
AS CONCERNS decks

Staining and Painting - Owner
Cleaning - Owner
Maintenance - Owner
Repair - Association
DEFINED as threatening the structural integrity (as agreed by Buildings)
Replacement - Association

For the purpose of the discussion Decks/Stoop are defined as having a
replacement value of over $1000. Anything below that is not considered
to be association responsibility and is not covered in Reserve charges.

Proposed that Decks cannot be removed without community permission -
it is a change to the outside of your house and has to go through the
Architectural Review Committee (ARC) process.

If a deck is removed and not replaced the unit will receive a credit
towards future reserve fund payments of the amount previously paid for
that deck into the Reserve fund. They will NOT receive a payment.

Buildings will do regular inspections of decks on a schedule that they
determine. Owners are encouraged to notify the buildings cmtee of any
structural integrity issues.

Owners doing repair/replacement work: Buildings has to get bids from
contractors to do work on association property, an owner who wants to
bid is encouraged to do so. All work shall have properly pulled permits.

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