Meeting Minutes - June 25, 2002

MUSEUM PARC RESIDENTIAL ASSOCIATION
BOARD OF DIRECTORS MEETING MINUTES

Date/Time: Tuesday, June 25, 2002 @ 6:00 p.m.
Location: 730 Harrison Street – Fifth Floor Conference Room
San Francisco, California

Attendees: Peter Hartman, President
Jim Bourgart, Vice President
Neil Rains, Secretary

Ellen Kiyomizu, Treasurer

Michael Alfaro, Property Manager

I. APPROVAL OF MINUTES:

6.25.1a A motion was made and carried to approve the May minutes.

II. HOMEOWNER ISSUES:

6.25.2a The following homeowner issues were raised at the Board meeting:

The resident of unit 1115 expressed concern over the garage licensing agreements and the replacement of the missing window roller in her units windows. Management explained that the manufacturer who fabricated the Museum Parc windows was no longer in business and that the replacement parts are no longer available. The board asked Rick Reese to post a solicitation for a resident to allow the association to use their window part as a model for having the part custom fabricated.
The unit owner of 918 & 906 wanted to know if the board had any additional/new information about the garage licensing agreements.
The unit owner of unit 914 wanted to know what additional furniture was going to be added to the lobby and when the furniture would be delivered. Management explained that an additional coffee table, sofa and armoire were ordered for the lobby and that they are scheduled for delivery in the first week of August.
The unit owner of 914 asked if the association intended to increase communication to the owners. The board explained that they had drafted a news letter and are currently waiting for the printer to format and print the news letter. The board further explained that the news letter would be posted on the associations web-site when the site is completed.

III. FINANCIAL REVIEW ITEMS:

6.25.3a Management provided the Board with copies of the monthly assessment delinquency reports prior to the meeting. Management explained that $6027.96 of the $8,320.58 in delinquent assessments are comprised of four (2) accounts that are 90-days past due. Management further explained that the owners who are 90-days in arrears have been sent to a collection agency. Management also provided the Board with the collection agencies account status summary.

IV. MANAGEMENT REPORT:

6.25.4a Management reported on the following matters:
§ Action Matrix - The Directors reviewed various items on managements report.

V. OLD BUSINESS ITEMS:

6.25.5a Common Area Remodel –Management explained that the additional lobby furniture has been ordered and that that the lobby lights have been removed until the Architectural Committee selects acceptable replacement fixtures.

6.25.5b HOA Web-site - Management reported that the web-site is up and ready for review. The Board members provided management with additional feedback to enhance the web-site. The board further instructed management to begin the beta test of the web-site at the earliest possible time.

6.25.5c Governing Document Revision Committee – Management explaiend that they have a scheduled meeting with Clifford Kane the committee chair to review the process for assembling the committee and revising the governing documents.

VI. New Business

6.25.5a Management reported on the following two garage issues:

Loading Dock - Management reported that the garage owner received the letter from the associations attorney and since receiving the cease and desist letter the garage owner has chosen not to pursue any endeavor that would impede the use of the loading dock.
Licensing Agreements - Management reported that one resident purchased a licensing agreement and others are having there attorney’s researching the language of the licensing agreement.

6.25.5b Construction Modification Agreement - Management provided the Board with the most recent draft of the construction modification agreement. The Board asked to defer discussion of the agreement until the next Board meeting.

2.25.5c Preventative Maintenance Program - Management provided the Board with the most recent draft of the preventative maintenance program schedule of costs and draft cover letter to the residents. The Board accepted the cost schedule but asked that the cover letter be amended.

VIII. ADJOURNMENT

The meeting adjourned at 8:15 p.m. The next regular Board meeting is scheduled for July 30, 2002 @ 6:00 p.m. at 730 Harrison Street-fifth floor conference room. Michael Alfaro, Museum Parc general manager respectfully submits these meeting minutes.

AGREED AND APPROVED

By: _________________________________________ Date:______________________________
Board Secretary - Neil Rains
Museum Parc Residential Owners Association