Skyview Annual Shareholders Meeting

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Skyview Annual Shareholders Meeting
Presented by Giovanna RogowSeptember 25, 2008
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2007 - 2008 Board of Directors

• President Giovanna Rogow
• Vice President John Spinelli
• Treasurer Eva Becker
• Secretary Lynn Easterling
• Ceasar Cabral
• Gary Fluker
• Joan Kuzniar
• Michael OBrien
• Rebekah Saltzman

David Condliffe Gerry Gordon Susan
Hinkson Ramona Perez
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Agenda

• Annual Review
• Q A
• Meet the Candidates
• Election of the Board of Directors.

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2008 Achievements

• Governance
• Skyclub New Management and renovation
• New Laundry Rooms
• Basements Updated
• Zip Cars

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2008 Achievements

• Shareholder Involvement
• Web Site Development
• Parent Committee
• Dog Committee
• The Board members contributed many hours.
• Blue Woods Management is a key contributor.

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Certified Auditors

• Neil Kaufman, Partner
• Newman Newman and Kaufman LLP
• 2007 Financial Summary
• Debt per unit 43,000

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Accountants Reviewby Neil Kauffman
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(No Transcript)
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Treasurers Reportby Eva Becker

• 2.20 per gallon for current budget
• actual cost exceeded this estimate
• fuel surcharge was raised to .19 per share per
  month in August
• Unsure of market price for fuel for the coming
  years budget which is done in November

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• 2000/2003 Catwalks and Terrace Waterproofing 3,11
  7,000 
• 2002/2003 Elevator Modernization 1,865,000
• 2003/2004 Brick Work/Pointing 1,095,000 
• 2004/2006 Hallway Renovations 2,050,000
• 2005/2007 Garage Renovation 6,900,000
• -------------- Total Cost
  15,027,000 Balance of 2nd
  Mortgage 3,065,242
• Balance owed on line of credit 3,861,761
• ---------------------
• Total MCI debt 6,927,003
• Annual Capital improvements fund totals
  1,200,000
• Funded from shareholders reserves
  8,099,997

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2007 2008 MCI Committee
John Spinelli, Eva Becker, Ceasar Cabral,
Rebekah Saltzman

• 2007 2008 Accomplishments
• Garage
• Lobby
• Lobby heating systems
• New Laundry rooms

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MCI Committee

• 2008 2009 Expectations
• Lobby design
• Party room renovations

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Sky Club Committee
Michael OBrien, Joan Kuzniar, Eva Becker,
Giovanna Rogow, John Spinelli Gerry Gordon,
Ramona Perez

• Accomplishments
• Arranged contract for new Management Bilancio
• Redesign of Sky Club layout
• Increased overall space for gym
• Enhanced Studio space
• Purchased and installed new gym equipment
• Equipment is new and more reliable
• Accessible for wider shareholder participation
• Implemented expanded health club services
• More Gym classes
• Initiated Tennis Clinics and Swim Classes

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Sky Club Committee

• 2008 2009 Initiatives
• Document Policies and Standard Operating
  Procedures
• Investigate new revenue streams
• Continue weekly review of Sky Club issues with
  Blue Woods and Bilancio
• Consider further improvements to physical
• plant
• Expand current services based on shareholder
• input RFP for SkyClub Cafe

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2008 Green Committee
Rebekah Saltzman Ceasar Cabral

• 2007 2008 Accomplishments
• NYSERDA, New York State Energy Research and
  Development Authority, evaluation
• Light bulb conversion to High Efficiency
• Recycling bins in the mail room and on the pool
  deck
• 2 Zipcars on the property

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2008 Green Committee

• 2008 2009 Initiatives
• Reduce energy consumption
• individual radiator thermostats
• Exploring alternative forms of energy
• Co-Generation, Wind Power, Solar Power, and Green
  Roof
• Offer additional recycling programs on the
  property and raise awareness

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Management Summary

• Accomplishments
• Status Ongoing Projects
• Outlook for coming year

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Questions and Answers