1105 Massachusetts Avenue Condominium Trust
Board of Trustees Meeting
April 24, 2025
The meeting of the 1105 Mass. Ave. Condominium Trust Board of Trustees was held on Thursday, April 24, 2025 via Zoom.
Present for the Board of Trustees were Laura Cohen, Rick Landau, Roger O’Sullivan, Brad Settle, Peter Sullivan, and Bev Thornton. (John Giannacopoulos was unable to attend)
Also in attendance were Elder Nunez and Myra Miller
PREVIOUS MONTHS MINUTES: The minutes of the March 27th meeting were approved as presented.
FINANCIAL STATEMENT AND ACCOUNT STATUS: Myra will chase after a few people who have larger balances. There were questions on the financial statement.
ELEVATOR MODERNIZATION NOTICE: Thank you to all who helped write it. It was well done and well received.
VDA: We had more questions for them and also asked if we could review the documents before they are sent out to bidders. Myra will call Robert Campbell to ask some of the more sensitive questions. We need to push for scheduled meetings to keep this moving forward.
LAUNDRY TOKETTE REFUNDS: We have given out about $1800 in cash to cover the refunds for unused tokettes. Most residents seem to have received their refunds.
TOILET LINE NOTICE: Bev will finalize the notice with a range of costs if people want to replace the lines.
UNIT 3A: There were leaks occurring again. Steve agreed to do work on the bathroom. Joe in 2A experienced water as recently as today. He is very upset.
INSURANCE RENEWAL: The current property insurance carrier is willing to renew with up to 5% increase in premiums and also increases in the per unit deductible to $25,000 per loss. Based on the recommendation letter from them, we should confirm which areas they want sprinkled since most of the retail stores already have sprinklers. Brown and Brown is going out to get us prices. The current liability company will not renew, and Brown and Brown is looking for another carrier for liability coverage. We will receive a proposal from Brown and Brown well before the expiration date.
BUDGET AND ASSESSMENT: There was discussion about possibly updating our reserve study. We have not really looked at our future costs. Letters must go out June 1 with new condominium fees and parking rates. We are discussing a 1 mil. Assessment for the elevators and other items. Then we should put together a long term plan for items that will come up. It was asked if we want to do this ourselves or get a reserve specialist. Brad reviewed the old study, it may be a good place to start with updating the information.
It was proposed that we increase 4% on condo fees and $10 per month ($220 per slot) per space for parking.
MOTION, to accept the proposal of 4% increase and $10 per month on parking all in favor, motion passes
JOSEPH SCHWARTZ: Joe from 2A joined the meeting to discuss the leaks from 3A
CONCEPT EQUIPMENT: Roger reported that he had a new unit installed and it is now making noise. He was told to call the manufacturer of the unit. He is pushing the installer to take the action, as he feels that he is not the correct party since he did not directly purchase the unit from the manufacturer.
NEXT MEETING DATE: The next meeting will be Thursday May 22nd via zoom.
OTHER MAINTENANCE ITEMS: The new front door as installed and we are waiting for the schedule for the back door, Brad reported that the screws from the old door closer were left sticking out, when they come back to install the rear door have them fix this.
The meeting was adjourned.
Respectfully submitted,
ELN Management
Myra Finn Miller