Wednesday Meeting

there will be an Emergency HOA meeting on Wed May 2nd at 7pm in room 103 (sales office)

Trees on San Pedro St

Hi all - I've contacted LA about planting trees on our street. The sidewalks are city property so they are the ones in charge of planting. I've submitted an order for them to plant, but they said they are backlogged about 3-6 months. So we may not see trees for up to a year. My contact: Irma Garcia, told me to touch bases within 3 months to see what the status of our request is. See you all at the HOA meeting.

LTL - HOA meeting minutes. March 21, 2007

BOARD MEMBERS PRESENT:
Jan Dyek
Suzy Bramzon
Eryn Schon

BOARD MEMBERS NOT PRESENT:
Jonathon Hammer
Pauline Chan

MANAGEMENT REPRESENTATIVES:
Selma Nalbant
LB Property Management

CALL TO ORDER
The meeting was called to order at 7:10pm.

OPEN FORUM
Unit 519 – Homeowner inquired on why there were cars parked in the alley.
Unit 406 – Homeowner had a concern about the gates slamming shut; he feels it is a nuisance. The Board said they will look in to this. This Homeowner also inquired on when the mesh will be placed in the dog park. The Board informed him that this is in process.
Unit 102 – This homeowner proposed more cameras in the parking area as well as another intercom by the pool area and bottom floors. Selma is to look in to getting proposals.
Unit 319 – Homeowner had a concern about the building that is being built next to the complex. Board informed the homeowners this was going to be a commercial building. Homeowner also would like the trash to be picked up at a later time, the current trash pick up time is 7:00 am and this disturbs he homeowner. Selma is to call and ask Trash Company to come at a later time. Homeowner also inquired on a recycling bin. Board informed the homeowners that a recycling program through the city is going to start in May.
Unit 610 – Homeowner inquired about the status of the Laundry room.
The Board informed the homeowners a gym is in the process of being built. An informal vote was taken and all homeowners present voted in favor of a gym.
Unit 313 – Homeowner inquired on planting some trees around the building. The board suggested to start a committee, homeowner is to call Selma to set this up.
Unit 530 – Homeowner feels that the 24 hours a day lighting in the parking structure is too costly, this should be reduced. Selma informed the homeowner that due to liability reasons the association needs to keep the lights on for that period of time. The board suggested looking in to energy saver lights.
Unit 401 – Homeowner reported that the elevator light is out.
Unit 612 – homeowner inquired on why the elevator is so slow. Selma reported that the elevator is working properly and is properly permitted.
Selma reported that any extra beatification to the building that is not in the budget may be subject to a special assessment.

APPROVAL OF MINUTES
The February 21, 2007 minutes were read and approved.

REVIEW OF FINANCIALS
Eryn Schon reported that as of March 21, 2007 the operation account has a balance of $106,607.90, the reserve account has a balance of
$67,503.91 for a total of $176,298.81.
Eryn also reported that a lien will be placed if there is no compliance with regard to delinquent collections.

OLD BUISNESS
Selma reported on the new insurance company for the HOA. If you need the declaration page please contact her at the office.
Selma also reported that LB Property Management has the capability for auto draft, if you are interested please contact her at the office.
Jeanne McDonald (HOA Attorney) reported that Sprint the current lessee of the cell cite on the roof, would like to renegotiate their contract for less money a month. Due to the many cell cites they have in the area the need is not as much in demand. Unison another company would like to offer the association a large sum of money upfront to be able to lease the roof to whomever they choose. Discussion was held amongst the homeowners and all concurred that the association should not give up ownership of the roof top to Unison. Suzy made a motion to stop negotiations with Unison and Eryn seconded the motions. Motion carried.

NEW BUISNESS
Suzy reported on the Mills Act. The Mills Act provides a property owner a break on their property taxes as long as restoration to the building is kept. The Mills Act is not applicable for HOA's so the association is not eligible.
Suzy reported the board is looking in to becoming a local monument, more research is being done.

Suzy reported that in a condo conversion it takes up to a year to breakdown the property taxes for each homeowner. The first year tax is paid by the developer. The bills that the homeowners are receiving are not the property tax bill but the supplemental tax bill.
It was reported that additional parking spaced can be purchased and deeded to you. If you are interested please go to the sales office to inquire. Parking spaces range from $5,000 to $15,000 depending on the size and location.
Guest parking will be revisited by the Board and the charges will be discussed.
A couple of additional bike racks will be placed at the building. It was noted that there are bikes that are abandoned on the current bike rack. The Board will look in to how to correct this situation.
Brett and Josephine have been retained by the HOA to be on site managers. Please still contact Selma of LB Property Management on all HOA Issues.
A proposal for $1,667 for the installation of new 17 inch monitors for the security company. The board would like to see more proposals.
Selma reported a homeowner had called to inform her about the slow drainage problem. Two other homeowners concurred with this. Selma is to get proposals on Hydro flushing the pipes.

ADJOURNMENT – The meeting was adjourned at 8:49pm. The next meeting will take place on Wednesday, April 18, 2007 at 7:00 PM.