Coronado Shores Condominium Association #9

BOARD OF DIRECTORS

MEETING MINUTES

September 17, 2021

 

A meeting of the Board of Directors of Coronado Shores Condominium Association #9 was called to order by Board President Ken Sigelman at 9:02 AM on Friday, September 17, 2021, in the conference room located at 1820 Avenida del Mundo, Coronado California.

Directors Present:          

Ken Sigelman, President (by Zoom)

Glenn Welch, Vice President (by Zoom)

Cheryl Mahoney, Secretary (by Zoom)

Robert Bishop, Treasurer (by Zoom)

David McNelis, Member at Large (by Zoom)

 

Others Present:        

Rafael Estrada, Association General Manager (by Zoom)

11 Homeowners (by Zoom and Telephone)

 

Consent Agenda:

Upon motion duly made, seconded, and carried, by the Board of Director’s, the following Consent Agenda was approved.

General Board Meeting Minutes, August 20, 2021

Executive Minutes, August 15, 2021

 

Finance Committee – Robert Bishop

The Finance Committee met September 16, 2021, to review the August financials which they had just received.  The financials could not be approved by the Financial Committee due to this time constraint. The Treasurer did note that the gas bill of $3,200.00 and the trash bill of $600.00 had been omitted by Consortium, from the financials, so when added it would increase the expenses to $138,000.00.

August:

$1,9027.00          End of August Reserve Account

$146,017             Revenue

$134,008             Expenses

$12,009               Net Gain            

(-$68,084)           End of Year Loss YTD

Robert Bishop also noted that this is the time of the year to discuss and review our budget. Rafael Estrada, Bob Bishop, and the finance team will be working closely with Consortium to develop El Mirador’s 2022 budget.

 

Delinquencies – Rafael Estrada

Rafael Estrada continues to work on collecting the homeowners delinquent HOA payments. Most delinquencies have now been collected. He reminded homeowners that they can now pay over the phone, use a credit card, or sign up for autopay through Consortium.

 

El Mirador Building Committee Reports:

Architectural Update – Hal Aronson

Hal Aronson reminded all homeowners that there is a moratorium on all building remodels during the Elevator Modernization project. This does not include unit repairs such as plumbing, electrical, or appliance repairs.

Landscape Committee – Patricia Boer

  • Professionals are draining the Lagoon, to clean all algae, check, and repair any light fixtures.
  • The committee conducted a North Campus walk around.
  • They walked the La Playa terrace to look at (3) three trees that are blocking the views of some of the homeowners. The committee will look at a tree removal option as well as review the L & R Landscape policy.

Renovation Committee – Susan Handel

  • Susan mentioned that the Renovation Committee wants to be inclusive and transparent throughout the project. She is scheduling a walkthrough of three of the Coronado Shores condominium buildings that have recently been remodeled. These buildings include La Sierra, Cabrillo, and La Perla. A Zoom committee meeting will be scheduled by Susan Handel, for a future date.
  • Rafael Estrada will be reaching out to all the Coronado Shores General Managers with a Q & A requesting details of their remodels, costs associated with the remodels, timeframe and scope of work conducted.

Elevator Committee – Robert Bishop

Hal Aronson, Rafael Estrada, and the Schindler Manager conducted a walk about.

During Schindler’s delivery of equipment, a sprinkler was damaged by the driver. Schindler will pay for the repairs.

Rafael has notified Thyssenkrupp, and they have acknowledged, that the service contract will be ending 9-27-2021.

L & R Committee Reports:

L & R Committee Report – Ken Sigelman

Ken Sigelman reported that the committee did not meet on the 16th in recognition of Yom Kippur. L & R will be circulating their budget for review.  Ken noted that L & R may have to increase the 2022 HOA budget assessment by 5%.

Beach Club Advisory Report – Therese Abboud- presented by Rafael Estrada

The committee met on Tuesday, the 14th. The Financial Report showed a positive net gain for the Beach Club, which is due in large part to good bar sales. The next meeting will be October 19, 2021.

Old Business: – Rafael Estrada

Structural Engineer:

Rafael has requested a bid from (3) three companies to provide us with a structural engineering service agreement. He has received one from SMR-ISD Consulting Structural Engineers, Inc., and Christian Wheeler Engineering. He is still waiting for a bid from AD Magellan. Once all three bids have been received by the Board of Directors, they will be reviewed with consideration given to hire one company to conduct El Mirador’s Structural Engineer investigation and evaluation.

New Business – Rafael Estrada

Financial Audit Review Proposals:

Since El Mirador conducted a complete audit for year ending 2019 and 2020, it was determined that a Financial Review would be in order vs. a complete audit of 2021’s financials. The Financial Review will be performed in lieu of a complete audit. We have received (3) bids from the following companies: LARA Accountancy Group, Inc., Levy, Erlanger & Company, LLP CPAs, and Nicholson & Olson.

 

Glenn Welch made a motion, second by David McNelis that the Board of Director’s hire one of the three accounting firms to conduct our Finance Review, pursuant to Cheryl Mahoney acquiring more substantive data about these firms. Motion passed 5-0.

Spalling Proposal:

Hamilton Pacific, Inc. conducted a building and parking structure inspection and provided us with a report for our review.

Webpass Partner Incentive:

Ken Sigelman suggested that we table this conversation until further research is completed on reviewing different options of how to spend the $10k incentive money.

Other Business:

Maintenance Report: – Rafael Estrada

The maintenance report was submitted with the Board minutes where it can be reviewed in its entirety.

Homeowners Communication:

None

 

Next Meeting:                                                October 15, 2021

 

Adjournment:  There being no further business to come before the Board; the meeting was adjourned pursuant to a motion passed unanimously at 10:22am.

 

 

______________________________________                                  ________________________

Cheryl Mahoney, Secretary                                                                     Date