IMPORTANT NOTE: The “Post Meeting Roundup” is neither official meeting minutes, nor is it intended as a replacement of actual meeting minutes for Board Meetings.  The minutes of any given meeting are typically not available until after they are reviewed and approved by the Board, which usually occurs at the next scheduled meeting.  Rather, the roundup is a review of the activity and business considered at the meeting as observed by management, provided as a courtesy and convenience.

BOARD OF DIRECTORS MEETING ROUNDUP

Monday January 25, 2016

2^nd Floor Party Room

7:30PM – OWNER FORUM 

The Board of Directors and Management addressed questions and feedback from Owners present at the meeting.

7:37PM – OPEN SESSION

Board Secretary Betty Terry-Lundy called the meeting to order and confirmed a quorum of members was present to conduct business. Present from the Board at the meeting was Betty Terry-Lundy, Secretary, Jean Shamo, Treasurer; David Nicosia, Board Member and George Pauley, Board President were both available via conference call. Present from Management was Timothy Patricio, Property Manager; and Amir Cobalovic, Assistant Property Manager. Absent was Board Vice President Michael Parrie.

Committee Reports

Decs & Bylaws Ad-hoc Committee liaison Jean Shamo indicated the Commission would be meeting Tuesday the 26th. Also she was advised of several resignations for the Board to accept, and it was indicated that would be added as an action item.

Health Club Committee Chair Ken Anderson reported the Committee met as scheduled on January 19th. He said Assistant Manager Marlon Dacres reviewed the anticipated schedule for the Health Club improvements, which are anticipated to begin on March 1st and end in May, assuming the Board approves the budget at tonight’s meeting.

Board Report

Board Secretary Betty Terry-Lundy advised the audience there will be a Town Hall on Thursday January 28th at 6:30PM in the Party Room to discuss the upcoming riser replacement project for the ’06 guest bathrooms and ’07 kitchens, from the 3rd to 29th floor. She said all owners are encouraged to attend since at some point the ongoing riser replacements impact all units. Also, she advised the next Unit Owner Forum is Tuesday February 2nd at 7PM in the Party Room. All Unit Owners are welcome and encouraged to attend.

Action Items – New Business

Closed Session Business

After a motion by Jean Shamo, seconded by George Pauley, the Board voted unanimously in favor of a resolution to fine 12 owners $100 for not providing adequate proof of insurance, to double each month until such time as evidence of coverage is provided.

After a motion by Jean Shamo, seconded by George Pauley, the Board voted unanimously in favor of a resolution to fine the unit owner in case #mgmt.12.13.15.1, $50 for causing excessive noise.

Minutes – Unit Owner Meeting January 11, 2016

After a motion by Jean Shamo, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of a resolution approving the minutes from the Unit Owner Meeting to discuss the proposed 2016/2017 budget held on Monday January 11, 2016.

Minutes – Board Meeting January 11, 2016

After a motion by Jean Shamo, seconded by George Pauley, the Board of Directors voted unanimously in favor of a resolution approving the minutes from the Board Meeting held on Monday January 11, 2016.

Adoption of 2016/2017 Budget

After a motion by Jean Shamo, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of a resolution to adopt the 2016/2017 budget as proposed, including an assessment increase of 3.5%.

Ad-Hoc Committe To Review Declaration & Bylaws Membersip

After a motion by Jean Shamo, seconded by George Pauley, the Board of Directors voted unanimously in favor of a resolution to accept the resignations of Unit Owners Mary Toosi, Jeff Sirkin and Sandra Goldberg from the Ad-Hoc Committee reviewing the Declaration & Bylaws.

ADJOURNMENT

There being no further business, after a motion by Jean Shamo, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of a resolution to adjourn the January 25, 2016 Board Meeting at 7:46PM.

OWNER FORUM

The Board of Directors and Management addressed questions and feedback from Owners present at the meeting.

The next scheduled meetings are Monday February 8th and February 22nd at 7:30pm in the Party Room.

Also, a Unit Owner Forum is scheduled for Tuesday February 2nd, at 7pm in the Party Room.