CORCORAN MEWS CONDOMINIUM ASSOCIATION

Board Meeting
August 6, 2008

Attending:
Board Members:
Kassie Lynch – President
Jeff Hertrick – Treasurer
Wayne Maffett – Acting Secretary
Tim Foley – Vice President

Board Members Absent:
Salman Anees – Secretary

Property Management–Tilton Bernstein Management:
Cheng Sithole – Property Manager (202-232-5247 ext. 21)

The meeting was called to order by President Kassie Lynch at approximately 6:31 PM in 1748 Corcoran Street, # 3B Washington, DC 20009 (President's residence).

Management Report

• The pointing repairs to 1748 have been completed.
• The replacement reserve study proposal prepared by Property Diagnostics, Inc. was accepted by the board, who asked Cheng to inquire if the company would honor the bid after Jan. 1, 2009.
• Cheng has reserved a room at The Jewish Community Center for the Annual Meeting, September 10, 2008.
• At the Board's directive George was given a raise effective July, 2008.
• Cheng is in the process of determining why the water bill is exceeding the current budget. At the current pace the actual will be 50% more than anticipated.
• The IRS issued a refund to the CMCA. The Board asked Cheng to determine how this happened and report back.
• Cheng contacted the washing machine vendor to discuss the mold problem in the dispensers. The vendor does not believe this is their responsibility. George will be asked to see what he can do to control the mold.

Treasurer's Report

• Jeff questioned the Management Fee Rental expenditure. He asked Cheng to determine what the cost is for and report back.
• Gas expenditures are at a pace to exceed the current budget. There was some discussion about what could be causing the increase cost. Cheng will find out what has led to the increase and report back.
• The gas contract is due to expire soon. T/B will secure a new contract from a low bid vendor for the Boards consideration
• The June report included a couple of one-time expenditures for repairs to units. The costs were determined to not be the owner's responsibility.

New Business

• Kassie resigned and stated Michael Davis had agreed to fill her vacant position.
  Motion to have Michael Davis fill the vacant Board position for the remaining term:
  
  Motion By: Tim Foley
  Second By: Jeff Hertrick
  Vote: 3-0-0 Board
  
  Motion to adjourn the meeting at approximately 7:40PM:
  Motion By: Jeff Hertrick
  Second By: Tim Foley
  Vote: 3-0-0 Board

Submitted by:
Wayne Maffett
CMCA Acting Secretary