CORCORAN MEWS CONDOMINIUM ASSOCIATION

Annual Meeting
September 10, 2008

Attending:
Board Members:
Tim Foley – Acting President
Jeff Hertrick – Treasurer
Wayne Maffett – Member-at-Large
Salman Anees – Secretary

Owners:
Matthew Ash
Carmen Varley
Kathleen Lynch
Cathy Maffett
Cooper Drangmeister
Eleanor Lauderdale
Andrew Keller
Joseph Cozad

Attorney:
Michael McGovern

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

The meeting was called to order by Acting President Tim Foley at approximately 7:10 PM in the Washington D.C. Jewish Community Center, 1529 16th Street, NW, Washington, DC 20009.

1. Determination of Quorum: Cheng Sithole (TBM) announced that we had a Quorum, including the proxies.
2. Proof of notice of meeting: Cheng Sithole (TBM) stated that notices were mailed to each property owner in accordance with the CMCA Handbook.
3. Reading of minutes of preceding meeting: Reading of the previous meeting Minutes was dispensed with. Wayne Maffett made a motion to waive the reading of last years meeting minutes. Jeff Hertrick seconded the motion. The motion held and the reading of the minutes was waived.
4. Management Report: Cheng briefly spoke about the completion of the exterior paint project, the removal of the junk tree in the alley. He also mentioned that the reserve study had been signed off on and would be done next year in January. The Board is considering changing the HVAC contractor; Cheng is soliciting bids from several vendors.
5. Reports of Officers
   Treasurer's Report Jeff reports that following review of annual expenditures, Jeff anticipates recommending a 2008 association fee increase of over 3%. Based on recent operational costs, Jeff does not think the increase will be sufficient to cover all 2008 annual expenditures. In addition, the auditor and reserve study recommend a level of reserves that may require additional resources, possibly through an assessment or higher fees. These would be determined at the next Board meeting.
   
   Election of members of the Board of Directors: There were two vacancies (the positions of Kassie Lynch and Tim Foley). Three candidates declared candidacy (Carmen Varney, Tim Foley, and Michael Davis). Carmen Varney and Tim Foley were elected to the Board.
6. Unfinished business
   a. The situation involving the roof leaks in 1756-3B, Matt Ash's unit was discussed at length, with both sides agreeing that a speedy resolution was desired. It was agreed that the Association's engineer would consult with Ash's contractor in regards to specs for roof replacement.
7. Election of members of the Board of Directors: There were three vacancies (the positions of Kassie Lynch, Tim Foley and Jeff Hertrick). Four candidates declared candidacy (Carmen Varney, Tim Foley, Jeff Hertrick and Michael Davis). Carmen Varney, Jeff Hertrick and Tim Foley were elected to the Board.*
8. New Board Assignments:
   Tim Foley: President
   Carmen Varley: Vice President
   Jeff Hertrick: Treasurer
   Wayne Maffett: Secretary
   Salman Anees: Member-at-Large
9. Adjournment:
   Motion to adjourn the meeting at approximately 8:45PM:
   Motion By: Wayne Maffett
   Second By: Jeff Hertrick
   Vote: unanimous

Submitted by:
Salman Anees (CMCA Secretary)

* Submitted 08/13/2009 by Wayne Maffett, Secretary