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FEBRUARY 5, 2015

SPECIAL ASSESSMENT MEETING

President Eileen Bendis
Pres Eileen Bendis
The meeting of the Board of Directors of the Regency Tower was called to order at 4:00 PM by President, Eileen Bendis.

Secretary Joan Sapik
Secretary
Joan Sapik
Roll Call -
The following Board Members were present: Eileen Bendis, Eric Berkowitz, Abe Ben Aviv, Steve Faigin, Joan Sapik and Gene Sicoli. Richard Robins was on a conference call.

Approval of Minutes - Minutes of the December 29, 2014 meeting was distributed and posted in advance.

A motion was made, seconded and passed to approve the minutes as written.


Treasurer Steven Faigin
Treas Steve Faigin

Special Assessment for Replacement of Emergency Generator and Cooling Tower - Eric Berkowitz presented a summary of the bids and information regarding the project. Questions to board members followed: details of the generator’s cost, selection of contractors’ bids, warranties of the equipment, how cost over runs will be handled, and time table for completion of project. Eric discussed all these concerns (Click Here to read the Special Assessment Report/Assessment Summary).

Vice President Eric Berkowitz
V.P. Eric Berkowitz
A motion was made, seconded and passed to accept the Emergency Generator bid from Fischer Electric ($149,400) for a total assessment of $198,330 and the Cooling Tower bid from Smart Air Systems ($218,836) for a total assessment of $319,603 for a combined assessment of $517,933. Individual assessment payments are as follows: 1st payment due March 7, 2015, 2nd payment due May 6, 2015.

Adjournment - A motion was made, seconded and passed to adjourn the meeting.

Meeting adjourned at 4:43 PM.


Joan Sapik
Board Secretary

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