When painting the water pipes in basement a crack was discovered in the main water line to the building. Fortunately, it was not leaking yet. Water company said it was a matter of time before it would break and leak.
So, we have to replace that 10 foot section ASAP after Water Co. gets permits for us. Repair will probably be done in October, prior to sewer line replacement in garage.
Contractor will have to cut out section of driveway to garage by the stairs. Cost will be about $50,000. We have authorized this expenditure, although authorization probably not needed, since this is considered an emergency repair. Currently this is galvanized pipe and will be replaced with copper.
Saturday, August 30, 2008
Friday, August 29, 2008
Sunday, August 3, 2008
DATES TO REMEMBER
2008 Board Meeting: November 21, 2008 (time and location to be announced)
2009 Annual Meeting: April 25, 2009 Halekulani Ballroom 1 2nd Floor 9:30 am to 11:30 am
2009 Board Meeting: April 25, 2009 (immediately following Annual Meeting)
2009 Owner's Social: April 25, 2009 Halekulani Hau Terrace 2nd Floor 5:30 pm to 8:30 pm
2009 Annual Meeting: April 25, 2009 Halekulani Ballroom 1 2nd Floor 9:30 am to 11:30 am
2009 Board Meeting: April 25, 2009 (immediately following Annual Meeting)
2009 Owner's Social: April 25, 2009 Halekulani Hau Terrace 2nd Floor 5:30 pm to 8:30 pm
THE BOARD AND MANAGEMENT COMPANY
Waikiki Shore Board
PRESIDENT: Rich Elliott
VICE PRESIDENT: Thom Gibb
SECRETARY: Lou Crompton
TREASURER: Ted Simon
DIRECTOR: Tom Hull
DIRECTOR: Chris Steis
DIRECTOR: Davis Whiting
Hawaiiana Management Co.
Allen Wilson, Senior Management Executive
Ted Walkey, Team leader
Stephanie Angle, Sr. Admin. Assistant
Accountant, Imelda Mateo
PRESIDENT: Rich Elliott
VICE PRESIDENT: Thom Gibb
SECRETARY: Lou Crompton
TREASURER: Ted Simon
DIRECTOR: Tom Hull
DIRECTOR: Chris Steis
DIRECTOR: Davis Whiting
Hawaiiana Management Co.
Allen Wilson, Senior Management Executive
Ted Walkey, Team leader
Stephanie Angle, Sr. Admin. Assistant
Accountant, Imelda Mateo
MANAGER & PRESIDENT'S REPORT
Building Projects:
1. High Speed Internet is working well. The AOAO has purchased 50 additional Internet Modems and Linda has these available for $280. The Modem is about 3x5 inches and can be placed on a desk or mounted on the wall near your phone plug. It must be connected to your phone line since it is a DSL modem; then connected to your computer. This is NOT a wireless modem. Also, another type of Modem will not work due to the security codes in our system.
2. Satellite TV service versus our current Cable TV service is still being researched.
3. Glass Door with Fob key entry access by the Makai elevator is complete.
4. New shower enclosure with a sand trap at the building Makai end is complete.
5. Storage Lockups should be complete by November.
6. No report yet on proposal by Paul McCrea, #410, for a swimming pool on the property.
7. At the April Annual Meeting, most owners were in favor of adding a fitness room for owners and guests. Our initial research suggests that an area opposite the new glass door entry by the Makai elevator looking toward Ft. DeRussey is a possibility. The addition could be done in-house. Exercise equipment such as elliptical machines, treadmills, stationary bike and a Universal machine for strength training, as well as a wall mounted TV and air conditioning, is a possibility. We are continuing to research the feasability, desirability and costs associated with such a project.
1. High Speed Internet is working well. The AOAO has purchased 50 additional Internet Modems and Linda has these available for $280. The Modem is about 3x5 inches and can be placed on a desk or mounted on the wall near your phone plug. It must be connected to your phone line since it is a DSL modem; then connected to your computer. This is NOT a wireless modem. Also, another type of Modem will not work due to the security codes in our system.
2. Satellite TV service versus our current Cable TV service is still being researched.
3. Glass Door with Fob key entry access by the Makai elevator is complete.
4. New shower enclosure with a sand trap at the building Makai end is complete.
5. Storage Lockups should be complete by November.
6. No report yet on proposal by Paul McCrea, #410, for a swimming pool on the property.
7. At the April Annual Meeting, most owners were in favor of adding a fitness room for owners and guests. Our initial research suggests that an area opposite the new glass door entry by the Makai elevator looking toward Ft. DeRussey is a possibility. The addition could be done in-house. Exercise equipment such as elliptical machines, treadmills, stationary bike and a Universal machine for strength training, as well as a wall mounted TV and air conditioning, is a possibility. We are continuing to research the feasability, desirability and costs associated with such a project.
TREASURER'S REPORT
1. The garage sewer pipe has been purchased for $15,000. Replacement should cost about $17,000 and will begin late October. The AOAO had budgeted $50,000 for this expenditure for 2008. Our total cost of about $32,000 will be a considerable savings.
2. As of July 1, 2008 we were able to reduce our annual Association Property, Liability, Workers compensation, etc. premium for a nearly $32,000/year savings with NO decrease in insurance coverage. Our new policy coverage is through the Atlas Insurance Agency.
3. We are currently receiving approximately $50,000 per month from our first floor concession rentals and Castle office, storage rooms, and parking lease fees.
4. Our building maintenance costs are down by nearly 20% for the year. However, our utility costs continue to rise due to the high cost of energy. Utilities currently are averaging 13% higher than 2007. Some Utilities are nearly 40% higher than 2007. Our 2009 budget will reflect this increase plus anticipated additional increases from the utility companies.
5. Our management and administrative costs are lower so far in 2008 and therefore, we are ON BUDGET and have over $450,000 in Cash and Reserves. The Board has commissioned an independant Reserve Study which we will have by November to determine whether our Reserves are adequately funded for future expenditures.
6. At this time we DO NOT anticipate a monthly maintenance fee increase for 2009.
2. As of July 1, 2008 we were able to reduce our annual Association Property, Liability, Workers compensation, etc. premium for a nearly $32,000/year savings with NO decrease in insurance coverage. Our new policy coverage is through the Atlas Insurance Agency.
3. We are currently receiving approximately $50,000 per month from our first floor concession rentals and Castle office, storage rooms, and parking lease fees.
4. Our building maintenance costs are down by nearly 20% for the year. However, our utility costs continue to rise due to the high cost of energy. Utilities currently are averaging 13% higher than 2007. Some Utilities are nearly 40% higher than 2007. Our 2009 budget will reflect this increase plus anticipated additional increases from the utility companies.
5. Our management and administrative costs are lower so far in 2008 and therefore, we are ON BUDGET and have over $450,000 in Cash and Reserves. The Board has commissioned an independant Reserve Study which we will have by November to determine whether our Reserves are adequately funded for future expenditures.
6. At this time we DO NOT anticipate a monthly maintenance fee increase for 2009.
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