5000 North Marine Drive Corporation
June 2007 Newsletter
Summer greeting to shareholders and residents at 5000 Marine! On behalf of the Board
of Directors, we’d like to share whatever news we have so that everyone is up-to-date at
5000 Marine!
Welcome to New Shareholders
It is a pleasure to welcome Janelle Cooper as a new shareholder in unit 12A. Best
wishes to Mark Richard and Kelly Nespor in their new home in Hyde Park!
We have three other closings that are pending. We will welcome those new
shareholders in the next issue of the Newsletter.
Welcome to New Sub lessee’s
We also welcome Bob Hovanes and Erin Quinn, who are subleasing from Nancy
Sommers in 12E for the time being. Best wishes and returned health are our wishes for
Nancy as she enjoys her home close to family.
One other sublease is pending and we will welcome that new resident in our next
Newsletter.
Welcome to David Shaw, New Property Manager
It’s a pleasure to welcome David Shaw as our new property manager. David has been
in the property management business for the last ten years and so he comes to us well
experienced. He also served for a time a Support Services Director at St. Joseph
Carondolet Child Center. David is also a graduate of the Culinary Institute of American n
New York.
Thanks…
…to all of you who so generously volunteered for so many things on behalf of 5000
Marine. And thanks to Liz Hayden, John Koch, Ray Hicks and Roger Reeves for
transforming our lawn and entrances with the beautiful flowers and plants. Everything
looks wonderful – and especially so since Sado and Dean managed to get the little iron
fence in front of the building repainted. We’re looking mighty spiffy! Thanks, everyone!
May 29th Board Meeting
The Board took only two formal actions at its meetings:
- Approval of a carpet cleaning company proposal, which should happen soon. The
company will also incorporate a stain protector in the cleaning process.
- At the request of some concerned shareholders, the Board reaffirmed an action of an
earlier Board that provides for a move in/move out fee of $150 for the express
purpose of hiring security personnel to guard the entrance/exit in use during the
move.
- The Board also approved a reminder letter to shareholders from the House
Committee regarding the importance of keeping back halls clear for our safety in the
event of fire or other need to evacuate.
Update on Façade, Terra Cotta and Roof Repairs
At this point, we are anticipating that 50% of the terra cotta will be delivered the first
week in October with the remainder by the end of the calendar year. (The terra cotta is
being fabricated by a firm in England – Shaws.) Construction will begin on October 1st
and will continue as long as weather permits. Then construction will resume again in
March and be completed by early May, we hope. The roof repairs will then follow the
completion of the façade work.
Priorities of the Board for 2007-2008
Among many issues, project and concern that are before us as a shareholder
community, the Board selected the following as the top five priorities for this beginning of
the fiscal year at 5000 Marine. (Other priorities may surface as we progress on these
first five.)
- Long term Financial/Capital Strategy
- Marketing Support for Listed Units
- Façade, Roof, Plumbing Repairs
- Crisis/Emergency Plan
- Governing Documents Review/Legal Issues
Other priorities that will also be given attention include: developing a ListServ to
communicate electronically with shareholders, reviewing procedural guidelines for the
transfer of shares, building a better community spirit and addressing problem areas such
as Comcast, assessment statements, organizing Corporation files, etc.
Various Other Issues
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The Corporation is now reinstated and in good standing with the State of Illinois.
(The annual report had not been filed in a timely manner.)
The City will conduct an inspection of the building on June 21st as a follow-up to the
summons regarding the windows. Our new window maintenance plan should put us
in a good position for this review.
The elevator phones have been installed and are now operative, so that
shareholders can contact personnel in the event of an emergency.
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Various Other Issues (continued)
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The Eligibility Committee will be reviewing the rental/sublease policy, based on
shareholder survey input, and will make a recommendation to the Board at its June
meeting.
The Eligibility Committee will meet regularly on the 1st Mondays and 3rd Thursdays of
the month to accommodate potential buyers for the necessary review prior to the
transfer of shares.
The Finance Commission will be considering policies related to late fees and also the
manner in which the 2007-2008 special assessment is levied. These are important
matters that you may want to give your advice on and you are encouraged to attend
the Commission meetings.
The Listening/Advisory Sessions will be held twice a month this year: one on a
Saturday morning, chaired by Frances Maggio, and another on a Thursday evening,
chaired by Tom Lohr. We look forward to your comments and concerns at these
meetings.
In an effort to get every part of our building looking “spiffy” for potential buyers and
for our own enjoyment, the House Committee will be working with a group of
interested and capable shareholders to plan cosmetic enhancements to such areas
as the laundry rooms, bike room, exercise room, Charlie’s apartment, Board Room,
etc. If you have interior design expertise, we welcome your involvement. These
renovations will be done “on a dime” until we come to an agreement if and how major
renovations should be done.
The “Long-Term Financial Capital Strategy Task Force” will be meeting pretty
intensely this summer in the hope of having that Strategy drafted and developed
enough for shareholder consideration by September.
We are working hard with Lieberman Management to address the many difficulties
we have had with assessment statements and with financial issues generally. Due
to a change of accounting systems at Lieberman on January 1st, the reliability that
needs to be associated with financial activities has not bee there. Please know that
we are doing our best to get these things straightened out.
If you have comments, questions, suggestions…
The Board of Directors is here to serve all of our interests. Please be free to express
your needs/concerns/hopes to any of us. Just please know that we are not managers of
the building – we don’t have the tools to address issues that need to be handled by the
Manager, such as assessment statement difficulties. We will, of course, be glad to
advocate on your behalf. David Shaw has extensive experience with the financial
systems of property management and can do a lot to clarify issues for you.
But Board members are pleased to receive your comments and suggestions relating to
issues that rest with the Board. In the meantime, we wish you a relaxing, fun summer
and we again ask your support and patience as we work on behalf of 5000 Marine Drive.
Katherine Delaney,3F
Don Gottesman,5F
Terry Hayden,10A
Frances Maggio,5A
Rob Rubin,12C
Michael Cosgrove,7F
Beth Hansen,4B
Tom Lohr,12F
Bernadette Ross,4A
2007-2008 Commissions/Committees/Task Forces
Thank you to all the generous shareholders who have volunteered to help with the many
tasks and issues that must be addressed this year. The following is a list of the
commissions, committees and task forces that have been appointed for the year. If you
are interested in helping – and your name isn’t listed – please let us know of your
interest.
Maintenance Commission
Don Gottesman – 5F, Co-Chair
Rob Rubin – 12C, Co-Chair
Judy Thornber – 8F
Steve Kadlec – 8D
Donald Klinock – 10C
Ed Spencer – 15D
Ed Bowe – 7A
Eligibility Committee
Bernadette Ross – 4A, Chair
Terry Hayden – 10A
Mike Cosgrove – 7F
Frances Maggio – 5A
Tom Lohr – 12F (alternate)
House Commission
Frances Maggio – 5A, Chair
Raymond Hicks – 14C
Liz Hayden
Roger Reeves – 5A
Finance Commission
Terry Hayden – 10A, Chair
Beth Hansen – 4B, Assistant Chair
Mike Cosgrove – 7F
Bill Hersh – 6A
Steve Weiss – 11C
HC Task Forces
Crisis/Emergency Plan
Joanne Hoskins – 1B (Chair)
Raymond Hicks – 14C
Yung Yi Hsieh – 2E
Design on a Dime
(1st Floor, Laundry Rooms, Board
Room, Bike Room, Exercise Room)
Helene Marie Quick – 5C
Judy Thornber – 8F
John Koch – 14C
Iris Blustain – 2D
Ed Bowe – 7A
Landscaping
Helene Marie Quick – 5C
Raymond Hicks – 14C
Liz Hayden – 10A
Yung Yi Hsieh – 2E
Board Task Force
Long-Term Financial/Capital Strategy
Katherine Delaney – 3F, Chair
Terry Hayden – 10A
Beth Hansen – 4B
Steve Weiss – 11C
Patrick Thompson – 9A
Paul Fairchild – 10D
Don Gottesman – 5F
Rob Rubin – 12C
Marketing Task Force
Tom Lohr- 12F, Chair
Frances Maggio – 5A, Assistant Chair
Vincenzo Battaglia – 8A
Phyllis Higgins – 4C
Yung Yi Hsieh – 2E
Judy Thornber – 8F