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Annual Shareholders’ Meeting Recap

posted May 18, 2016, 6:14 AM by Marc Donner

Regular Business

The meeting followed its standard course, documented in the formal minutes of the corporation.


We heard a report from the building’s accounting firm which noted that the Cooperative’s finances are sound.


The President’s summary of the past year included a list of events and completed projects:

  • Retirement of Resident Manager Martin Finneran and succession by new Resident Manager Jose Anderson,

  • Cogeneration replacement complete and online,

  • Roof replacement project final completion,

  • Driveway resurfacing project completed,

  • Balcony repair and code compliance work started,

  • Gym renovation planned and poised for completion,

  • LTCA has replaced the protective padding around the playground behind 205,

  • We have concluded a new contract with the cleaners who operate in the 205 Lobby,

  • We have signed a contract with a new operator for the Laundry Room, to take effect around June.


The slate of directors, being unopposed, was reelected by acclamation in the final formal act of the annual meeting.


Q&A

During the informal Q&A the following questions were raised:

  • Our website (www.205westend.com) is not open for public comments.  We referred the shareholder to the Building Link site for the building, which is open for comments.

  • What services does LTCA provide?  205’s LTCA representative, Larry Chaifetz, will produce a summary of LTCA services for distribution to shareholders.

  • Some complaints about the state of hallway wallpaper were raised.  We referred the shareholder to the management office and resident manager to schedule maintenance work.

  • Some complaints about drafts from windows during the winter were raised. We referred the shareholder to the management office and resident manager to schedule maintenance work.

  • Questions were asked about making a fairer distribution of bike room and storage room capacity.  We reported on a Board initiative to review all of the basement space with Management and develop an overall plan.

  • A shareholder requested that entry through the rear of the building be enabled.  The board reported that it regularly reviews the security implications and costs of such a change with LTCA Security and has decided not to open the back in this way.

  • A shareholder complained that non-emergency water shutdown notices were not received with adequate notice.  Management noted that they are published in the lobby, on Building Link, and by door-to-door delivery.

  • A shareholder noted that water pressure on the 29th floor was inadequate.  Management will investigate.

A shareholder complained that there was warm or hot water coming from the cold taps recently.  Mr Anderson noted that during a recent incident a plumber, unfamiliar with our systems, had incorrectly opened a valve to create this condition.  He noted that it had subsequently been corrected.
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