1105 Massachusetts Avenue Condominium Trust
Board of Trustees Meeting
March 27, 2025
The meeting of the 1105 Mass. Ave. Condominium Trust Board of Trustees was held on Thursday, March 27, 2025 at 4 PM via zoom.
Present for the Board of Trustees were Bev Thornton, Rick Landau, Roger O’Sullivan, Peter Sullivan, Brad Settle, and Laura Cohen
Also in attendance were Elder Nunez and Myra Miller.
PREVIOUS MONTHS MINUTES: The minutes of the February 27th meeting were approved as presented.
LAUNDRY FENCES: Hold on purchasing the fences for the machines on the other floors.
FINANCIAL STATEMENT AND ACCOUNT STATUS: The financial statement was reviewed and there were no questions on the report.
2025-2026 BUDGET: There is a $20,000 shortfall for this first draft of the budget. We need to finalize numbers by May. Letters with changes in fees need to go out June 1st, . A 2% increase in the current fee equals $10K additional revenue, 4% increase equals $20K. Parking also brings in additional $6K with a $10 dollar increase. We could do a combination of increases in both parking rates and condo fees.
VDA ELEVATOR PROPOSAL: There were many questions about the proposal we received. We need to ask them if our current cab equipment is compatible with proposed upgrades, or do we need to make changes within the cab. There was an option to pre-wire for card readers for future use. We have some concerns about all of the issues that could arise with the changes and upgrades, and we will deal with them when a contractor is selected. (ask VDA for the appropriate way to approach this). The list of concerns has been sent to VDA already. Rick will add to the list.
Vote to move forward with VDA to put the RFP together, all agreed
LAUNDRY TOKETTE REFUNDS: Mya to send out a notice that we will exchange for cash. Elder will keep a record of how many have been turned in and from which units. Let people know that we have records of who bought tokettes from us.
INSURANCE RENEWAL: The current policy expires on 5/23/25. The agent is already working on getting prices from insurance carriers.
SUPPLEMENTAL FEE FOR FUTURE WORK: We are considering an assessment to cover the cost of the elevators, new front lobby doors, new butterfly panel, recent Eversource unexpected expenses, cameras etc. We should improve our security recording system to make sure we have clarity on the pictures. Let people know that we are upgrading security. We want to cover as many items as possible since we only want to ask for this once.
BEUDO: Nothing new right now
OTHER MAINTENANCE: The new front door installation was to be done this past week (PS one door was done on Friday). The attorney assigned to represent us in the slip and fall lawsuit as well as the toilet overflow damage suit has filed responses on our behalf for both of those suits.
NEXT MEETING DATE: Thursday April 24th at 4 PM
The meeting was adjourned.
Respectfully submitted,
ELN Management
Myra Finn Miller