PARK TOWER CONDOMINIUM ASSOCIATION SPECIAL MEETINGS OF THE UNIT OWNERS AND BOARD OF DIRECTORS MEETING

Monday January 26, 2015 at 7:30PM

Party Room 2nd Floor

CLOSED SESSION – 6:30PM
Held by the Board to discuss litigation, personnel matters, and/or violations of rules and regulations. (Condominium Act – Sec. 18, a. 9)

SPECIAL MEETING OF THE UNIT OWNERS – Proposed Rules and Regulations Amendments  – 7:38PM

Unit Owner Questions and Comments Regarding the Proposed Rules and Regulations Amendments Distributed Distributed on December 26, 2014

Adjournment

There being no further business from the Unit Owners, Kevin O’Rourke moved, Raul Leon Seconded and the Special Meeting for the Proposed Rules and Regulations adjourned at 8:44PM.

SPECIAL MEETING OF THE UNIT OWNERS – Proposed 2015/16 Budget – 8:45PM

Unit Owner Questions and Comments Regarding the Proposed 2015/2016 Operating Budget Distributed on December 26, 2014

Adjournment

There being no further business from the Unit Owners, Paul Groeninger moved, Kevin O’Rourke Seconded and the Special Meeting for the Proposed 2015/16 Budget adjourned at 9:00PM.

BOARD OF DIRECTORS MEETING – OPEN SESSION – 9:00PM

Board Vice President Michael Parrie called the meeting to order at 9:00PM and confirmed a quorum was present.  Board President George Pauley was present by speakerphone.  Present at the meeting were Tom Wartowski, 2nd Vice President, Betty Terry-Lundy, Secretary, David Nicosia, Treasurer, and Michael Parrie, Vice President.  From Management DK Condo, Inc., Mavis Mather Assistant Manager and Marlon Dacres Assistant Manager were present.

ACTION ITEMS – New Business

Motions from Closed Session – After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously approved defending the case of Lloyd Wilson v. Park Tower CA (Cook County Case No. 20141152566) and to tender the case to the Association’s insurance carrier for defense and coverage, and to request that Kovitz Shifrin Nesbit be appointed as defense counsel.

After a motion by Michael Parrie and seconded by Betty Terry-Lundy, the Board unanimously approved fines of $200.00 against 25 unit owners who have not provided the Association with proof of adequate insurance coverage; in addition, fines of $100.00 against 4 unit owners for their first month not providing proof of adequate insurance coverage.

After a motion by Michael Parrie and seconded by Tom Wartowski, the Board unanimously approved fines of $200.00 against 32 unit owners who have not provided the Association with evidence of a working smoke detector.

After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously approved a fine of $475.00 against a unit owner who violated the Association’s Elevator and Move Rules.

After a motion by Michael Parrie and seconded by Betty Terry-Lundy, the Board unanimously approved a fine of $850.00 against a unit owner whose residents violated the Association’s Leasing and Move Rules.

After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously approved a fine of $350.00 against a unit owner whose residents violated the Association’s Move Rules.

After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously approved a waiver of the $520.00 Move In Fee.

After a motion by Michael Parrie and seconded by Betty Terry-Lundy, the Board unanimously approved a short sale request submitted for Unit 3201 in the amount of $6,700.

Minutes January 12, 2015  – After a motion by David Nicosia and seconded by Michael Parrie, the Board passed a resolution approving the minutes from the Board Meeting on January 12, 2015.  George Pauley, Michael Parrie, Tom Wartowski, and David Nicosia voted for the resolution. Betty Terry-Lundy abstained.

2015/16 Operating Budget – After a motion by David Nicosia and seconded by Betty Terry-Lundy, the Board passed a resolution approving the proposed 2015/16 operating budget with a 3.5% increase.  Michael Parrie, Tom Wartowski, Betty Terry-Lundy, and David Nicosia voted for the resolution.  George Pauley voted against.

Proposed Rules and Regulations Amendments – After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously passed a resolution approving the construction packet, as presented to the unit owners.

After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously passed a resolution approving the rental section, item 20, of the proposed amendments, as presented to the unit owners, to go into effect March 1, 2015.

After a motion by Michael Parrie and seconded by David Nicosia, the Board passed a resolution adopting the proposed amendments amended as follows: item 9 removing the words ‘or by proxy’, item 11 removing the words ‘for safety and’, item 15 changing ‘a reasonable limited time’ to ‘with a date and approximate time’, to go into effect March 1, 2015.  George Pauley, Michael Parrie, Betty Terry-Lundy, and David Nicosia voted for the resolution.  Tom Wartowski voted against the resolution.

Risers – Copper Purchase – After a motion by David Nicosia and seconded by Tom Wartowski, the Board unanimously passed a resolution to purchase copper, not to exceed $33,000, for the next five riser projects.

Construction Requests – After a motion by Michael Parrie and seconded by David Nicosia, the Board unanimously passed a resolution to approve the remodeling of unit 1606 as submitted by the unit owner, following the recommendation of the chief engineer as outlined in their written specifications and in accordance with the Rules and Regulations and remodeling guidelines of the Park Tower Condo Association.

2nd Floor Trash Chute – After a motion by Betty Terry-Lundy and seconded by David Nicosia, the Board unanimously passed a resolution to approve the replacement of the 2nd floor trash chute with a labor charge not to exceed $3,385.00.

Hydraulic Lift Pit Stop Switch – After a motion by Betty Terry-Lundy and seconded by David Nicosia, the Board unanimously passed a resolution to approve Otis Elevator to furnish and install the hydraulic lift pit switch, as proposed, in the amount of $4,290.00.

Hydraulic Lift Oil Return System – After a motion by David Nicosia and seconded by Betty Terry-Lundy, the Board unanimously passed a resolution to approve Otis Elevator to furnish and install an oil return system, as proposed, in the amount of $2,890.00.

Outside Health Club Membership – After a motion by Betty Terry-Lundy and seconded by David Nicosia, the Board unanimously passed a resolution to deny the Breakers from using the pool on a permanent basis.

MANAGEMENT REPORT

Assistant Manager Mavis Mather delivered the Management Report, including an update about the elevator inspection and an update on the property insurance policy renewal.

BOARD REPORT

Vice President Michael Parrie delivered a Board Report to remind Unit Owners that there is a Town Hall Meeting to discuss Life Safety and Emergency Response on Tuesday February 3rd at 6:30PM in the 2nd Floor Party Room.  In addition, there is a Unit Owner’s Forum on Tuesday February 3rd at 7:30PM in the 2nd Floor Party Room.

ADJOURNMENT

There being no further business before the Board, David Nicosia moved, Betty Terry-Lundy seconded and the Board unanimously passed a resolution to adjourn the January 26, 2015 Board Meeting at 9:31PM.

NOTE: The “Post Meeting Round Up” is neither official meeting minutes, nor are they 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 round up is a review of the activity and business considered at the meeting as observed by management, provided as a courtesy and convenience to Owners.