Galaxy Towers Condominium Association
MINUTES OF THE MEETING
Of the Board of Directors
October 9, 2003
Directors in Attendance: Absent:
President: Martha Norget
Vice Pres.: Chad Gulrajaney
Secretary: Harlin Blank
Treasurer: Allan Ellinger
Directors
Michael Baruch
Mirna Benitez
Kathy Moberly
Joel Price
Jim Stumpf
Also Present:
Susan Fitzpatrick, General Manager
Robert Buckalew, Esq. General Counsel
Donna Shahrabani, Esq., Buckalew, Frizzell and Crevina
Resolution # 03-10-157
Approval of Prior Minutes – September 25, 2003
On a motion made by Kathy Moberly and seconded by Mirna Benitez, the Board unanimously approved the minutes of the Meeting of the Board of Directors of September 25, 2003 as written.
Mrs. Norget introduced the issue by stating that the Board had previously approved an increase in the membership by two members, from nine to eleven. She stated that as usual, the amendment requires approval in its final form. On a motion made by Allan Ellinger and seconded by Joel Price the Board unanimously approved the amendment as written.
Mrs. Norget outlined the change that was made to reflect the alternate monthly Chairing of the Committee by the President (or designee) and the General Manager. On a motion made by Harlin Blank and seconded by Allan Ellinger, the motion to approve the amendment was passed. (Blank, Benitez, Ellinger, Gulrajaney, Moberly, Norget, Price, Stumpf: for, Baruch: against)
Mrs. Norget advised the Board that they had previously voted to adopt A.R. #28, but added that the scope of responsibilities had been changed as a result of Management’s involvement with Channel 26. Joel Price made a motion to adopt the amended A.R. #28. Kathy Moberly seconded the motion. Michael Baruch made a motion to “amend by deletion” stating that he wanted to remove the word “Co-Chairperson” from the Resolution, as he did not agree that the Video Committee required Co-Chairs. The motion was not seconded and was therefore not considered. Mrs. Norget called for a vote on the motion that was on the table before the Board. The motion passed. (Blank, Benitez, Ellinger, Gulrajaney, Moberly, Norget, Price, Stumpf: for, Baruch: against)
The Board opened, initialed and returned the un-sealed bids to Mrs. Fitzpatrick who will forward them to the Landscape Architect for review and comparative charting.
On a motion made by Allan Ellinger and seconded by Jim Stumpf, the Board unanimously approved the separation of Alternates #28 and #29 from the Exterior Façade Specification and awarded the job specified in those alternates to Quality Building Restoration at a cost not to exceed the bid price of $598,000.
Mrs. Fitzpatrick distributed a letter from Fisher Harris Shapiro delineating an offer to renew the liability insurance. Mrs. Fitzpatrick reported that the GTCA’s liability insurance policy with Zurich International will expire on October 18th. She stated that in preparation for the expiration she had been in consultation with Fisher Harris Shapiro, (the insurance consultant) as well as York International. She stated that she had invited competition by allowing a competing broker to procure quotations as well. She reported that only York International had procured a policy, adding that it was a surprisingly low quote for the same policy. She added that the industry was predicting a 35% increase in insurance rates, and the quote that came in is for a policy renewal with an increase of 19.5%, bringing the cost from approximately $183,000. to $218,496.
On a motion made by Allan Ellinger and seconded by Chad Gulrajaney, the Board unanimously approved the renewal of the liability insurance policy in accordance with the stated premium.
Adjournment
There being no further business to come before the meeting, and on a motion made by Kathy Moberly and seconded by Harlin Blank, the meeting adjourned at 11:43pm.