Brentwood of Palatine Condominium Board Meeting Treasurer’s Report – Cash Position – Delinquencies Rules & Regulations Laundry Natural Gas Elliot Charge backs Common Area Cleaning Service Calls 30/30 Specifics Executive Session

Treasurer’s Report – Financials Cash Position Cash Assets February 09 ending – Operating Accounts - $ 22, – Reserve (MM)- $ 37, Cash Assets - $ 59, Accounts Payable $ 20, Accounts Receivable: $91, ~$3,500 for hot water heater booked in Feb ~ $6,000 for 4” drain line replacement to hit in March

Treasurer’s Report – Financials Cash Position YTD

Delinquent Accounts – Facts February ending AR - $91, Additional Payment plans have been entered into Threat of possession has recovered ~$4, Units account for $51, of AR 10 account for $44, Write off debt TBD

Rules & Regulations – Crime Free Multi-Unit Housing – Revised Parking Policy – Landscaping – Registrations

Laundry Transition has occurred – Equipment was installed in 1 week – Family Pride received 6 service calls in the following week – Association received 3 service calls Drying time was increased to 60 minutes 1 laundry room has an electrical issue which should be resolved soon (Related to Com Ed issue) – First collection to occur in mid March Association representatives to accompany – Response time for service calls has been within contract agreement specifications -1 business day

Natural Gas Supplier Update – Application for agreement with Nordic Energy was declined Association was not informed in timely manner – C2Intl supplied alternate agreement through Direct Energy Fixed price 24 month agreement

Tax Appeal Charge Backs – Charges relating to tax reduction savings in the triennial period. – Average amount per Unit ranges from $ $25.00 – One time fee. – Next appeal opportunity will be evaluated. Market prices should allow for further tax reductions per unit.

Common Area Cleaning – Current month to month in effect for $2,450 / month (JTW) – Specs call for 3 cleanings per week Each building is being cleaned app once per week. – Alternate proposal received for $2,150 / month. Thrice weekly per building service specified in contract Standard 30 day “out clause” included.

Service Call Processing All calls go to PSI (847) hrs – 1 st month post-transition - 91 work orders / service calls were received from PSI 50 maintenance issues, 42 closed, 8 pending 41 Association issues, 38 closed, 3 pending – 10 Emergency phone calls from answering service All appropriate actions taken within 1 hour – Average initial response time for all notifications less than 1 hour. Initial response and actions by Pat Follow ups done by Rebecca.

Accomplishments / Challenges Last 30 Days Laundry Transition Occurred (Pat) Fire Claim settled - Awaiting ~$6,500 check (Richard, Pat) Payment Plan Structure Developed (Pat, Richard, Rebecca) 1453 &1493 hallways pre-carpet install painting – 90% complete (Pat, Rebecca) (Carpet install this week) Service Call handling process implemented (Pat, Rebecca) Control of AP invoices (Richard) Next 30 Days Asphalt repairs (Pat, Richard, Rebecca, TBD) Landscaping Contract (Rebecca, TBD) Roofing status evaluation (Pat, TBD) Parking / other registrations (Pat, Rebecca, TBD) Hallway evaluations (Pat, Rebecca, TBD) Repair Charge-Backs (Richard) Violation inspections / Notices (Pat, Rebecca, TBD)

Next Meeting April 8th, 2009