2009 Proposed Budget

Board Nominating Letter

Notes from the September 22, 2008 OBC Board Meeting

On Landscaping: Lou Marzano reported that the sprinkler systems would be turned off on Oct 30.

On the gutters and downspouts project: we are waiting for a bid. Then depending on the costs, some of the buildings will be done this year. The gutters on the fronts of the buildings are all done with the wider ones; the rear ones are being changed in phases.

Fairfield: The street repair is complete; the new asphalt was done the week of Sept 15th.

Capstone Project: this year’s phase of this work has been completed by Soumar.

Maintenance: 1 light pole and a concrete base will be replaced, and some boulders will be relocated to protect light poles from being knocked over.

Management reported that a gas leak had been repaired by Nicor, 3 fire alarms were reported for August, 2 fire alarm panels were repaired in August.

Thanks to Greg for these notes from the March 08 Board meeting:

1. The Animal Ground Feeding Rule was approved. Refer to the attached
notification that will be mailed to all unit owners.

2. Removal of the extreme snowfall this winter has caused OBCCA to spend
triple the amount budgeted for plowing. This will impact the projects that
can be accomplished in 2008. As a first step, the Board approved
replacement of rear gutters on only the 9 worst buildings. The others will
be re-budgeted for 2009.

3. The Board selected an affiliate of the Barrington Bank & Trust to manage
our reserve money, and any temporary excess operating funds. They will
provide OBCCA with CD rates and terms and purchase CDs when approved by the Board. They will compare rates at 15 separate banks to provide the highest interest, and will manage the account to assure that no more than $100,000 is in each FDIC insured bank. Any custodial fees will be borne by the bank.

4. The Board solicited courtesy pricing for window washing (this is solely
a unit owner expense). Of the bids received, Midwest Window Cleaning, PO
Box 6817, Villa Park, IL 60181, was still the cheapest. Any unit owners who
wish to use this service can contact Mike Pocevich at (630)530-4128.
However, use of this contractor is neither approved or disapproved by the
Board.

Notes From November  2007 Board Meeting of Oak Brook Colony

REMINDER Board meeting for December is scheduled for Dec 17

At the meeting on November 26th Lou reported that there would be one more clean-up of the leaves, that was completed the week of the 26th Nov.

A bid to clean out the gutters and downspouts was approved.

Darrell reported that there will be a pond project next year to clean out the sediment, there’s a contract with sediment Removal Systems, Oak Brook Colony will share the cost with Gingerbrook.

Merry Christmas and A Happy New Year

The Annual Meeting was held on October 22, 2007
Three new Board members were elected, Edward Highley, Mike Kiefer, and Greg Zbasnik.
The officers of the Association are as follows:
      Darrell Clay President
      Mike Kiefer Treasurer
      Greg Zbasnik Secretary
      Lou Marzano Vice-President-----Landscaping
      Edward Highley Vice-President-----Maintenance

Greg Zbasnik gave an overview of the projects that were completed in 2007 and presented a 5-year plan of work to be done in Oak Brook Colony over the next 5 years.

The regular monthly Board meeting was also held , the insurance bids for next year were discussed and voted on by the Board. Homeowners in attendance at the meeting received a copy of the audit for the year ended December 2006.