RIVER PLACE SOUTH HOUSING CORPORATION
BOARD OF DIRECTORS MEETING
May 23, 2017
CALL TO ORDER
The meeting was called to order by Ms. Mays at 6:00 p.m.
Board Members Present: Janice Mays President
Jim McInerney Treasurer
Sara Shahade Secretary
Vic Reddy Director
Board Members Absent: Waqas Ali Vice President
Richard Villegas Director
David Williams Director
Others Present: Joette Waters Building Manager
Brian Hernandez Office Staff
Barbara Seaman Recording Secretary
Residents: Nancy Greenberg #542; William Lawn #1115; Howard Wilkes #707; Eris Lekuch #210; Bonnie Kline #926; Lauren Hall #1029.
APPROVAL OF AGENDA:
MOTION: Ms. Shahade moved, Mr. McInerney seconded, to approve the agenda as written. The motion passed unanimously (4-0-0).
APPROVAL OF MINUTES:
MOTION: Ms. Shahade moved, Mr. Reddy seconded, to approve the Minutes of April 26, 2017 as amended. The motion passed unanimously (4-0-0).
President: Ms. Mays said that the items she wanted to discuss are on the agenda.
Treasurer: Mr. McInerney reported that the corporation was in excellent financial condition. He said that the balance in the operating account for the co-op was $362,060 and $142,420 for rentals. He also said that a committee to find more lenders has been set up.
OA: Mr. Reddy said that estimates for the MP garage were coming in. He also said that the redevelopment of the property will be getting active again. He also said that nothing major was going on at the OA. Ms. Mays added that RPS was trying to renegotiate their financial agreement with the OA on the Entertainment Center.
Lobby/Building Design: Ms. Mays said that the lobby was looking good even though some of the work had been slower than expected.
HVAC Systems: Ms. Waters said that the HVACs were being replaced on an age basis and that she had 3 estimates. She recommended hiring LPR.
MOTION: Mr. McInerney moved, Ms. Shahade seconded, to approve the contract with LPR with the stipulation that they provide a better price. The motion passed unanimously (4-0-0).
Replacement of 11th Floor Windows: The estimate from Advance Windows is $173,700 and does not include the curtain windows in #1103 and #1104.
Convector Cleaning: The work is complete.
WiFi: Slabe has completed installation and the WiFi was turned over on May 1.
Riser Replacements: The replacement of risers in tiers 17 and 18 is complete. Tiers 21 and 22 will be done in the fall.
Reserve Study: Zalco recommended DMA to do a reserve study update.
MOTION: Ms. Mays moved, Mr. McInerney seconded, to approve the proposal from DMA for $4950 to do an update to the reserve study. The motion passed unanimously (4-0-0).
Second Floor Drop Ceiling: Work is complete and 11th floor ceiling work will start in June.
Roof and Shielding Estimates: Zalco has recommended hiring Northern Virginia Roofing at a cost of $375,785 which includes a $20,000 credit. Installing the shielding will cost about $45,000 additionally.
Cell Phone Towers: T-Mobile has sent a letter saying that they will be moving forward “in the coming months.” AT&T will be testing on the 11th floor units (1110,1114, 1102, and 1107) on June 5.
Rentals: There are no vacancies.
NEW BUSINESS: None.