BOD open Meeting Jan. 15, 2022

San Francisco Suites
Board of Directors’ Open Meeting
January 15, 2022

1. President Bellah called the meeting to order at 11:08 AM via zoom.

2. Board Directors present:

Geoffrey Bellah, President
Jo Ann Trembath, Vice-President
Jeff Reichel, Treasurer
Linda Banner, Secretary
Chuck Meibeyer, Director-at-Large

Others present:
Cynthia Reid, General Manager
Fred Monroe, Owner
Laura Ricci, Owner
Dwight Walker, Owner

3. President’s Report: President Bellah explained the necessity in holding an emergency Board meeting on January 4, 2022. In early 2020, the Board adopted, and the Association approved new election rules to comply with SB 323. Later in the same year, the Association approved new bylaws whose election rules sometimes repeated and sometimes conflicted with 323’s. In order to proceed with the upcoming 2022 elections based on these revised bylaws, the Board needed to repeal 323’s rules altogether. Bellah then mentioned the continuing requirement, imposed by the city and county of San Francisco, for indoor masking in the Suites’ communal areas (lobbies, hallways, elevator). Bellah asked the Board to extend the closure of the Board Room to meetings and events until the health situation improves. Director Meibeyer so moved, Treasurer Reichel seconded, and the motion passed unanimously. Bellah reminded the Board that the current restrictions mean that the guests are being asked to enjoy the afternoon wine and cheese service in their suites. Calls for nominations to the Board for the 2022 election have been sent out, with a deadline of February 4. Ballots will be sent to owners on February 12, and the election will be conducted by the Inspectors of Election via zoom at the annual meeting on March 12.

4. The minutes from the November 6, 2021, meeting was approved unanimously, with Trembath’s motion seconded by Reichel.

5. Treasurer’s Report: Treasurer Reichel’s report on the financial status of the Association was positive, with the PPP loan of $128,000 forgiven, the 2021 Reserve contributions fully funded. Owner Walker asked if owners might have access to the financial reports provided to the Board at each meeting as part of their packets. The Board thought this might be possible as pdf attachments offered on the website.

6. General Manager’s Report: Manager Reid stated that she has sold 26 shares out of 37 in the Association inventory. Of the remaining eleven, some will come on the market once they move out of adoption, but four have title problems which will need correction before they can be sold. There will be a VOTA auction of four shares delinquent for non-payment of their assessments on February 24, 2022, at City Hall, and another auction of tax-defaulted shares in April 2022, probably held online. Regarding maintenance, Reid mentioned suite 25 needing ceiling work, and that carpets and upholstery will be cleaned during the first and second weeks of February 2022, necessitating the closure of some suites. Also, Lawson roofing will soon conduct its annual inspection of our roof. Houseman Luis Martinez and Housekeeper Julie Torres have been named Employees of the Year for their willingness to cover other employees’ shifts and work overtime during the pandemic.

7. Old Business: General Manager Reid was congratulated for her successful handling of the parlor inventory sale. Reid noted that the kitchens’ parquet floors have all been resealed.

8. New Business: President Bellah advised that several items on the Forward Planning list, including the Board Room remodel and the lobby wallpaper replacement should be postponed until the pandemic subsides, and it is safer to have outside contractors working at the Suites. He also mentioned that with the disruption of supply chains and worker shortages, he would be hesitant to start a project that might not be completed on time. Overall, the Board thought it would be best to leave it to the Manager’s discretion when to commence certain projects, such as the window blinds replacement. Meibeyer suggested that any outside workers be required to show proof of vaccination before working at the Suites and sign the “Hold Harmless” agreement required of staff and guests. Reid said that she would check with the Association attorney about the legality of this suggestion.

9. Adjournment: Trembath moved, and Meibeyer seconded the motion to end the meeting at 12:23 PM. The motion passed unanimously.

Respectfully submitted
Linda Banner
Secretary

BOD meetings November 6, 2021

 

DRAFT

San Francisco Suites

Board of Directors’ Open Meeting

November 6, 2021

1. President Geoffrey Bellah called the meeting to order at 11:00 AM in the Board Room.

2. Board Directors present:

Geoffrey Bellah, President

Jo Ann Trembath, Vice-president

Jeff Reichel, treasurer

Linda Banner, Secretary

Chuck Meibeyer, Director-at-Large

Others present: Cynthia Reid, General Manager

3. Owners’ Forum: No owners being present, the Owners’ Forum was postponed.

4. President’s Report: President Bellah explained the current San Francisco mandate requiring masks in all common areas at the Suites. During the afternoon wine service, guests are asked to take their glass of wine and cheese plate to their suites and to not congregate in the lobbies. With the County of San Francisco now allowing indoor gatherings if all participants verify vaccination status, Manager Reid has asked the Board to re-open the Board Room for rentals and other owner functions, provided that any one using the Board Room provides evidence of vaccination or recent covid testing. Director Meibeyer moved to open the Board Room, with verification of vaccination, Vice-President Trembath seconded the motion, and after a brief discussion, the motion passed unanimously.

3. The minutes from August 7, 2021, meeting was approved unanimously with Vice-President Trembath’s motion seconded by Treasurer Reichel.

4. Treasurer’s Report: Treasurer Reichel mentioned that he had spoken with the Suites’ CPA and with the person who oversees the Reserve Study in order to answer questions about the distribution of the PPP loan, the $21K shortfall from 2020, and the purposes of Reserves. He also stated that the overall financial condition of the Association is good.

5. General Manager’s Report:

a. Ten parlor shares have been adopted.

(Six are tax defaulted and cannot be sold.) Also, there have been ten owner deed backs in 2021. (Three shares are in process of acquiring bond insurance for possible liens; once done, they can be sold.) Reid also mentioned that 26 Association-owned

parlors have been sold; that sale means that their assessments will be collected and the shortfall experienced last year will not be repeated. There should be a Delinquent Assessment Foreclosure auction held by VOTA in February 2022 to sell four other shares

(2 Masters, 2 parlors) which are in assessment-default.

b. The parquet flooring in suite 25 has been replaced, and the chandelier in suite 32 has been re-balanced. Also, the roof garden has been replenished, with Bella Fiora Florist on a maintenance schedule.

c. Manager Reid explained in some detail the provenance of last year’s $21K shortfall, which was mostly the result of 10 shares’ assessments not being collected. She also explained how the PPP loan of $128,000 was distributed according to the government’s requirements to pay for staff salaries and benefits. This loan, which has been forgiven because we did use it appropriately, allowed the Suites to keep all employees on payroll and in good health, and to keep the facility functioning to conduct the Association’s business although it was closed to guests.

d. The employee of the quarter is housekeeper July Torres.

6. Old Business:
a.Vice-president Trembath moved to approve the proposed 2022 budget, Treasurer Reichel seconded the motion, and after some discussion it passed unanimously. b. Manager Reid discussed the success of the recent parlor share sale, with 26 shares being sold. c. A new decorative security gate has been installed at the Pine Street entrance. Manager Reid stated that glass panels will be attached next week.

7. New Business:
a. After conferring with our Reserve Study consultant, Manager Reid stated that the Reserve is 43% funded, or in the “fair” category. b. Vice-president Trembath moved that the Association accept credit card payments for the annual assessment, Director Meibeyer seconded the motion, and after some discussion regarding the cost to the Association of credit card charges, the Board unanimously approved the motion with the requirement that any credit card payment add the surcharge to the assessment. There will be different surcharges, depending on whether the charge is made at the front desk or by telephone. c. Vice-president Trembath also suggested a revision to the Rules & Regulations to prevent any guest’s reservation from being changed unless such change is approved by the General Manager. (Currently Front Desk staff can make the changes.) Trembath’s motion to revise the Rules & Regulations so that these changes can be made only at the discretion of the manager was seconded by Treasurer Reichel. After some discussion, it passed unanimously. d. In April 2022 there is planned a tax-default auction held by the SF Tax Collector for four shares (2 masters, 2 parlors). Manager Reid will inform the ownership once the auction is officially announced.

8. Forward Planning: The several items being considered under “Forward Planning” are being postponed due to the pandemic, which makes renovation and redecorating projects difficult to plan and complete. President Bellah suggested a ranking in the importance of these items in case any of them can be started next year.

9. Adjournment: Vice-president Trembath made a motion to adjourn the meeting. Treasurer Reichel seconded the motion which passed unanimously. The meeting adjourned at 12:40 PM.

Linda Banner
Secretary to the Board

BOARD of directors meeting august 7, 2021

DRAFT

San Francisco Suites

Board of Directors’ Open Meeting

August 7, 2021

  1. I. Call to Order

President Bellah called the meeting to order at 11:03 AM. The meeting was held online via Zoom.

II. Roll Call

Board Directors present:

Geoffrey Bellah, President

Jo Ann Trembath, Vice-President

Jeff Reichel, Treasurer

Linda Banner, Secretary

Chuck Meibeyer, Member-at-Large

Others present:

Cynthia Reid, General Manager

Fred Munroe, owner

Sue Jocelyn, owner

III. Owners Forum

Fred Munroe suggested reviving the Owners Bulletin Board at the Suites’ Website to allow for and improve opportunities for members of the Association to share information about the Suites. Sue Jocelyn mentioned that she enjoys the Zoom meetings.

IV. President’s Report

President Bellah reported that the city seems more lively and “normal” than a few months earlier, with more businesses open, pedestrians strolling, and cable cars running. Even so, the city and county of San Francisco have imposed a new mandate requiring indoor masking and social distancing in response to the increase in Covid cases from the Delta variant. That means the cancelation, once again, of the afternoon wine and cheese service and the reimposition of safety protocols at the Suites.

V. Approval of Minutes

The minutes from the June 19, 2021, meeting was approved unanimously, following Trembath’s motion and Jeff’s second. President Bellah thanked Secretary Banner for her excellent work.

VI. Treasurer’s Report

  1. A. The Association’s future finances remain in flux because of the consequences of this year’s shutdown due to Covid, with a higher number of non-productive Association-owned shares in the inventory, mostly due to deed backs. These shares will need to be sold, or at the very least adopted, in order for the Association to meet its annual budgeting needs.

  2. B. Borrowing from the Reserve fund to pay for unanticipated maintenance and repairs is acceptable if the money is returned from the following year’s assessment. 2021’s high legal expenses because of the Bylaws election will probably not be repeated in 2022.

  3. C. All in all, the Association remains is good financial condition, and the deferred Reserve payment from 2020 will be deposited by the end of this year.

VII. General Manager’s Report

  1. A. The Association currently owns 29 parlor shares. Of these, 13 were adopted in July, with 4 adopters promising to purchase them; 3 were sold in the recent Board of Directors’ Auction; and the remaining 13 will be available for adoption or sale in the fall.

  2. B. Seven owners have not paid their 2021 assessment and their shares will move toward foreclosure. The VOTA Auction of these shares (3 Masters and 4 Parlors) will be held in December.

  3. C. There have been 7 deed backs so far in 2021.

  4. D. The Reserve Study for 2021 has been completed and delivered.

  5. E. The parquet floors in several suites’ kitchens have buckled and are needing replacement, at $5,000 per floor. The buckling is due to age, with the adhesive drying out.

  6. F. Paint touch-ups are being scheduled for all suites.

  7. G. The annual fire sprinkler inspection has been completed.

  8. H. The boiler has been inspected and a small repair was done.

  9. I. The chandelier in suite 31 was balanced and rehung.

J. The Employee of the Quarter is Tony Verastegui.

Old Business

  1. A. Indoor masking and social distancing are again required at the Suites due to the surge in Covid infection rates. Moreover, the Board Room is not available for rentals. The afternoon wine and cheese in the lobby is cancelled. Instead, guests are encouraged to bring their wine and cheese selections to enjoy in their own suites.

  2. B. The Board unanimously passed a motion to change the Rules and Regulations prohibiting the storage of bicycles and other personal vehicles at the Suites. Trembath offered the motion and Meibeyer seconded it. President Bellah will revise the new rule to eliminate the vague term “recreational vehicle.”

  3. C. The Adopt-a-Share will be held in September.

  4. D. Mark Leahy, the Suites’ gardener, and florist will replace the plants on the roof for $2400. He has also proposed quarterly visits to the roof to maintain the garden at $60 per visit.

New Business

  1. A. A draft of the 2022 budget has been presented to the Board, for approval at the November meeting. It includes a 6% increase in Operations and a 5% increase in Reserves. (In 2021 the increased were 5% respectively for both.) The proposed annual assessment for 2022 would be $1453, an $80 increase over 2021.

  2. B. Bonus Time rate increases were approved unanimously by the Board, with Trembath making the motion and Reichel seconding it. The new nightly rate for Parlors will be $140, and for Masters $160.

  3. C. Bill Patterson, our webmaster is updating the website and needs to move the site to a new host. In order to do this, the sfsuitescsa.com domain needs to be attached to the General Manager’s email at creidgm@sfsuitescsa.com.

  4. D. The Board unanimously approved Manager Reid’s request to post sales of Association-owned shares at various online sites, i.e., Redweek, Craigslist, tug2.net, and eBay, with Meibeyer introducing the motion, and Trembath seconding it. In approving it, the Board emphasized the importance of selling shares over adopting them; and authorized Reid to hold a special sale of Association-owned parlor shares for $1 a share, not including closing costs. To further the appeal of these shares, the Board proposed seeking to reduce the high cost of escrow and eliminating the requirement to purchase title insurance. (Of course, escrow will still include a preliminary title search, which may or may not uncover any liens or other problems with the title.) Member Meibeyer agreed to create a form which would allow new owners to opt out of title insurance.

  5. Forward Planning

The long-anticipated Board Room remodel, window blinds replacement, and new lobby wallpaper projects are deferred until 2022.

Adjournment

President Bellah adjourned the meeting at 12:45 PM, following a motion by Trembath, seconded by Reichel, which passed unanimously.

 

Board of Directors Open Meeting June 19, 2021

Draft

San Francisco Suites

Board of Directors’ Open Meeting

June 19, 2021

I. Call to Order

President Geoffrey Bellah called the meeting to order at 11:08 am. The meeting was held online via Zoom.

II. Roll Call

Board members present:

  • Geoffrey Bellah, President
  • Jo Ann Trembath, Vice-President
  • Jeff Reichel, Treasurer
  • Linda Banner, Secretary
  • Chuck Meibeyer, Member-at-Large

Others present:

Cynthia Reid, General Manager Sue Josselyn, Association member, joined during the meeting

III. Owners Forum

No owners being present at the time, the Owners Forum was postponed.

IV. President’s Report
A. President Bellah read to the Board a letter from two Association members who commended the General Manager, the staff, and the Board for maintaining safety measures during the pandemic and for keeping the high standards of service and accommodation once the Suites reopened.

B. Bellah then described the newly revised safety protocols now in place, including optional masking for guests and staff, and the many services which have returned to the Suites, including daily housekeeping, the afternoon wine and cheese service, and the availability of the Board Room for special events.

V. Approval of Minutes

The minutes from the March 13, 2021, meeting were approved unanimously, following Trembath’s motion and Reichel’s second.

VI. Treasurer’s Report

A. The PPP loan of $128,000 will be forgiven, probably by the end of the year, but as of the present date it is still listed as a liability in our budget.

B. The many repairs during the past year were covered by the Reserve Fund but have been costly, oftentimes exceeding what was budgeted because of the high expenses in San Francisco. The Reserve Fund needs to be replenished with more realistic budgeting.

C. There will be a shortfall of approximately $21,000 this year, with $19,000 in lost assessment revenue due to foreclosures and unsold shares as well as lost revenues from Bonus Time, parking fees, etc. The ongoing sales and adoption of Association-owned shares should help ameliorate this shortfall somewhat.

VII. General Manager’s Report

A. Currently the Association owns 28 shares, and eleven shares are in foreclosure because their owners have not paid the 2021 annual assessment. Also, three deedbacks are in process.

B. The Association sold one Master share for $3500.

C. $172,176 has been transferred from the Operating Account to the Reserve Fund, with approximately $84,000 remaining to be deposited to the Reserves by the end of the year.

D. The parquet floor in suite 25 has buckled, probably due to age, and must be replaced. The parquet floors in suites 31, 33, and 35 have all been replaced recently because of water damage or age.

E. The Employee of the Quarter is Rick Boyce.

VIII. Old Business

A. The Wifi and reservation systems have been or are currently being upgraded to improve coverage, strength, and protection in the case of power outages.

B. Security has also been upgraded with alarms now set to the first floor lobby windows and a buzzer entry for the Powell Street entrance. The Pine Street gate should be installed by the end of this month.

C. Manager Reid described the policy for allowing service animals at the Suites, including the requirement that all requests for accommodation be signed and validated by a physician.

IX. New Business

A. Although masks are no longer required for vaccinated guests and staff, the Board unanimously passed a motion, introduced by Meibeyer and seconded by Trembath, to require non-vaccinated guests and staff to wear a mask when at the Suites and to inform everyone of this policy through signage. All guests will be required to fill out a form at the front desk to acknowledge their vaccine status.

B. The Board unanimously passed a motion, introduced by Meibeyer and seconded by Reichel, to extend until August 2022 the compensation plan allowing owners to rebook share time lost because of the pandemic. Manager Reid assured the Board during the discussion that there would be sufficient availability of suites if the motion were adopted.

C. The Board decided to postpone a decision on hiring a landscaping or gardening company to maintain the rooftop garden. Manager Reid will inquire about such a maintenance program from our florist Mark Leahy, and provide the Board with some estimates at the August meeting.

D. The Board unanimously passed a motion, introduced by Reichel and seconded by Trembath, to add to the Rules and Regulations a prohibition on storing bicycles, motorcycles, scooters, and other recreation vehicles at the Suites. There will be a reminder of this policy on the confirmation letter with an offer by the Front Desk to help anyone bringing such a vehicle to the Suites to find a storage facility.

E. The Board approved a motion, presented by Trembath and seconded by Reichel, to allow Manager Reid to hold an auction for six Parlor Shares in September 2021. There will also be an Adopt-a-Share this month ending on July 1 for other available Parlors.

F. The San Francisco Planning Department has informed the Suites that the apartment building at 655 Powell Street, just across Pine Street, will be converting their ground floor garage and storage area into six units.

X. Forward Planning

A. The anticipated Board Room remodel is currently on hold but hopefully will be completed in 2022.

XI. Adjournment

The Open Meeting was ended by unanimous consent at 12:40 pm. The next Open Meeting of the Board will be held on August 7, 2021.

Linda Banner
Secretary, Board of Directors

board of Directors Meeting March 13, 2021

Draft
San Francisco Suites
Board of Directors
Minutes of Annual Meeting
March 13, 2021

I. Call to Order
President Geoffrey Bellah called the meeting order at 11:00 am. The meeting was held
online via Zoom.
II. Roll Call
Board Members present:
           Geoffrey Bellah, President
           Tom Weber, Vice-President
           Jeff Reichel, Treasurer
           Linda Banner, Secretary
           Jo Ann Trembath, Member at Large
Others present:
           Cynthia Reid, General Manager
III. Owners Forum
Several owners spoke to the Board about today’s election, and complimented the Board and Manager for maintaining standards and enforcing safety protocols.
IV. President’s Report
President Bellah described the new simplified format for posted minutes as being more in compliance with Davis-Stirling and with the practice of other HOAs.
V. Approval of Minutes
The minutes from the January 9, 2021, meeting, in the new format, were approved unanimously following Weber’s motion and Trembath’s second.
VI. Treasurer’s Report
A.   The PPP loan of $128,000, which must used for salaries and health benefits, will most probably be “forgiven” as we have met all the criteria.
B.   During 2020 the Association “lost” approximately $40,000 in anticipated Bonus Time revenue.
C.  Planned replacements and occasional repairs often cost more than projected in the budget or in the Reserve Study. The Reserve is currently at 44% for full replacement, which is considered “fair.”
D.  The 2022 budget may increase the Reserve contribution from the annual assessment.
VII. General Manager’s Report
A.    Association-owned inventory totals include 18 Parlor shares.
B.   43 owners are currently delinquent in paying their 2021 assessments.
C.  7 delinquent shares are in foreclosure, owing the Association $15,074.
D.  There are 6 Deed-backs in process.
E.   A new houseman and night auditor has been hired to replace the now-retired David Bahrain.
F.   The Employee of the Quarter is Luis Martinez.
G.  Current projects include a new door buzzer and intercom at the Powell entrance, replaced parquet flooring in suites 33 and 35, roof repairs, and new shingles on the storage structure.
H.  January foreclosure auction was postponed due to pandemic.
VIII. Old Business
A. The City of San Francisco has lifted the quarantine requirement for guests outside of the Bay Area. Moving from the “Purple” to “Orange” tiers means that offices, stores, movie theaters, museums, and gyms can increase their occupancy and services. Indoor restaurants are now able to open with 50% occupancy. Hotels can now serve food.
B. Given the cost and labor involved in conducting elections in-house as well as the legal exposure, the Board approved unanimously a motion to use an outside election service, such as TIE, for future elections.
IX. New Business
A. After reviewing the Reserve Study’s recommendations for replacement and consulting with Cynthia Reid, the Board unanimously approved replacing the blinds in individual suites and the wallpaper in the lobby.
X. Forward Planning
The Board agreed to postpone the planned Board Room remodel until the pandemic eases and
the Association’s financial situation stabilizes.
XI. Election Results and Organizational Meeting
A.    Sheila Kelly from TIE (The Inspectors of Elections) announced the results of the Board of Directors election, with the three highest number of votes going to Chuck Meibeyer, Jeff Reichel, and Jo Ann Trembath.
B.   The incoming Board offices will be as follows:
           Geoffrey Bellah, President
           Jo Ann Trembath, Vice-President (Two-year term)
           Jeff Reichel, Treasurer (Three-year term)
           Linda Banner, Secretary
           Chuck Meibeyer, Member at Large (Three-year-term)
C. The dates for next year’s meetings will be as follows:
           August 7, 2021
           November 6, 2021
           January 15, 2022
           March12, 2022
No meeting is currently scheduled for June 2021.
XII. Adjournment: The meeting ended by unanimous consent at 12:20 pm.

 

 

 

Board of Directors Meeting Jan. 9, 2021

Draft
San Francisco Suites
Board of Directors
Minutes of Open Meeting

January 9, 2021

I. Call to Order

President Bellah called the meeting to order at 11:00 a.m. The meeting was held online via Zoom.

II. Roll Call

Board Members present:

Geoffrey Bellah, President
Tom Weber, Vice-President
Jeff Reichel, Treasurer
Linda Banner, Secretary
Jo Ann Trembath, Member at Large

Others present:

Cynthia Reid, General Manager

III. Owners Forum:

Several owners spoke via Zoom to the Board about the upcoming elections, contracting with an outside company to conduct the elections, and complimented the management and staff for maintaining standards and enforcing safety protocols.

IV. President’s Report:

President Bellah summarized the current situation involving the Suites’ recent closure due to the pandemic and the prospects for reopening when ICU capacity reaches 15% or higher. He also reminded all of the Board’s decision to allow owners to rebook missed share time in April, May, July, and August of 2021.

V. Approval of Minutes:

The minutes from the November 7, 2020, meeting were approved unanimously as submitted.

VI. Treasurer’s Report:

  1. The Paycheck protection Program (PPP) loan of $128,000 allowed the Suites to remain solvent in 2020 when revenues from Bonus Time and parking were somewhat lower than originally projected. We have met the criteria for the PPP loan to be “forgiven.”

  2. Several projects were completed this year, some anticipated (wallpapering the Board Room, upgrading the wifi system) and some as emergencies (plumbing and electrical repairs).

  3. All in all, the Association remains in good shape financially in spite of the closure.

V. General Manager’s Report:

  1. Association-owned inventory totals seventeen parlor shares Thirteen of these shares were adopted in April and August 2020. Four were not adopted, and $5284 must be written off as bad debt.
  2. 2020 Annual Assessments still outstanding – $10,858 Seven shares are currently in foreclosure due to delinquent assessments.
  3. 2021 Annual Assessments received – $620,144
  4. Board of Directors Holiday Auction. No bids were placed on the four available parlor shares.
  5. Pine Street Gate. Application was denied by San Francisco Planning Department and will be appealed.
  6. VOTA 2020 Auction of seven shares. Auction is postponed due to pandemic.
  7. Employee of the Year is Eric Ingersoll
  8. Digital Fire Alarm Mandate does not apply to timeshares

VI. Old Business:

No need to approve replacement of fire alarm system (see above).

VII. New Business:

  1. The Inspector of Elections reported the results of the election to approve “restated” bylaws. With a total number of 343 votes cast, 337 approved, 6 opposed, and 1 vote was disqualified.

  1. The Board also announced that The Inspector of Elections will conduct the Board election in March 2021. There will be three openings on the Board; and according to the just-approved bylaws, the two highest vote-getters will serve three-year terms, and the third highest vote-getter will serve a two-year term. After 2021, all Board members will serve three-year terms.

VIII. Forward Planning:

The Board Room remodel is on “hold” due to financial uncertainties and the effects of the pandemic.

IX. Next Meeting Date: The next open meeting of the Board of Directors is scheduled for March 13, 2021.

X. Adjournment: Meeting ends by unanimous consent at 12:05 p.m.

Linda Banner, Secretary
Board of Directors
San Francisco Suites