Brentwood of Palatine Condominium Association

State of our Property October 25, 2006

Topics for this evening’s Discussion

• PSI Update• Where oh where are our records???

– Some recent spending details• Recent decisions

– Boilers– Roofs– Cleaning Company– Snow & Landscaping***

• More on Maintenance– Plumbing– Lighting– Washers & Dryers– Fencing

• Rules and Regulations

Property Specialists Inc

• Transition Update• Assessments• Maintenance and

Emergency Contact info

• 2007 Budget progress update

• Professionalism

• Direct cost savings analysis– What’s the difference?

What have we saved by Contracting with PSI?

• Monthly Fee $5300 $2700 ($2600)• Maint. Payroll $2800 $2400 ($ 400)• Prop Manager $1400 included ($1400)• On-Site Manager $1600 $1600 ($ 0)• Stato Remodeling$2245 included ($2245)• Mat. Purchases $1507 $1200 ($ 307)• Ground Cleaning $648 included ($ 648)• Maint Helper $198 included ($ 198)

• Total Variance $15,698 $ 7,900 ($ 8,098)

SERVICE SEPT OCT VARIANCE

Financial RecordsSome examples

View View View

View View

Financial Records cont.

• Our Association’s Property not yet transferred from former Board. Why?

• What this means for all of us.• What is being done?• Can we progress without full and complete

records? Yes!• Monies added to reserve this month. $10k• Better return on our investment than CD rate of

4 or even 5%

Common Area Cleaning Company

• Issues with current company

• Current contract constraints

• Estimates for the service

• Our selection process and timeframe

• What’s the goal?

Let’s Heat Things Up

• Service call process.

• Boiler and equipment servicing

• Repairs made and scheduled

• If your heat doesn’t work properly, let us know!

Service Call Process

• For heat related or other maintenance issues, as well as move-in / out, sales etc, contact the on site maintenance via 847.359.7944

• For Account info or other Association related business or questions, contact PSI at 847.806.6121

• When the question of on-site management is resolved, updates will be published.

Boiler Room Maintenance

• Allied Air Conditioning and Heating Corp Service Agreements.

• What they will do, and what we will do ourselves.

• Professional and Responsive Service

• What can we do ourselves?– Relief valves– Mounts– Proper Installations

Leaking Valves

Pump Mounts Needing Replacement

Improper Installation

Boiler Pressure Relief Valves

Immediate Roofing Repairs

• Fritz Roofing Hired to perform repairs

• Other estimates• What’s the plan for the

future– Short term– Long term

Other Maintenance Issues

• Pathway Lighting Fixtures

Pathway Lighting

• Solutions under Study• Requirements

– Energy Efficiency– No reliance on external timers– Affordable– Phased installation process by on site

maintenance

• Est. costs $10,000 to $20,000• Within existing budgetary constraints

Fences…• High School Gate

– Referendum to owners

• Palatine Square boundary fence & gate– Alternate solutions to existing fence style– Under study (Committee?)

Fences…• Costs for repair vs costs for replacement

security fence

Fences…• Long term, low maintenance, high security

solutions must be identified.

Laundry• Issues with Status Quo

– Waste & Abuse– Energy consumption– Equipment breakdowns

• Companies solicited for “out of box” ideas, proposals and solutions– Must be sustainable– Must offer “free” usage to residents– Accountability and traceability– Foster responsible use of resources

• For now, repairs will be made to all non-functioning equipment

Thank you for ParticipatingFrom your Board of Directors

President – Patrick J Plunkett

Vice President – Viola Karolkiewicz

Treasurer – Michael Karan

Secretary – Ramon Poblet

Director – Vitaly Kheifets

www.brentwoodofpalatine.com