BOARD OF DIRECTORS MEETING

Management Report

Monday January 8, 2018  TBD

2^nd Floor Party Room

OWNER FORUM – 7:30 pm

15 minutes, 2 minutes per person

The Board and Management will address questions and feedback from Unit Owners.

OPEN SESSION – Call to Order

The meeting chair, expected to be Board President Michael Parrie, will call the meeting to order. Please be courteous – no audience participation is permitted. If applicable, speakers will be recognized by the Meeting Chair.

Roll Call – Confirm Quorum

The meeting chair will confirm a quorum of Board Member is present. Board Members and representatives from Management will be introduced.

Action Items – New Business

1. Closed Session Business

This agenda item is provided for any resolutions proposed resulting from Closed Session discussion.

2. Minutes – Board Meeting and Special Meeting of the Unit Owners – January 8, 2018

Attached to the report for Board Member review, are the proposed minutes from the Board Meeting and Special Meeting of the Unit Owners held on Monday, January 8, 2018, as submitted by Timothy Patricio, Property Manager.

A sample motion follows to approve the minutes for January 8th: “I move the Board of Directors approves the minutes from the Board Meeting and Special Meeting of the Unit Owners held on Monday January 8, 2018.”

3. 2018/2019 Budget Adoption

At the Monday, January 8th Special Meeting of the Unit Owners, the Board and Management met with the Unit Owners to discuss and answer questions regarding the proposed 2018/2019 budget, which was mailed to Unit Owners on December 26th, for their review and consideration. It is our understanding the Board does not wish to make any changes to the budget as proposed to the Unit Owners.

A sample motion to adopt the budget follows: “I move the Board of Directors adopts the budget as proposed and presented to Unit Owners for the fiscal year starting March 1st 2018 and ending February 28th 2019, with a 3.5% increase in assessments, a 3.11% increase in expenses, and a projected reserve contribution of $1,655,100.”

4. Social Committee – Addition of New Member Request

The Social Committee requests that the Board formally add Gregory Nigosian to the committee.

A sample motion follows: “I move the Board of Directors appoint Gregory Nigosian as a member of the Social Committee.”

ADJOURNMENT

There being no further business, the Board will consider adjourning the meeting.

A sample motion follows: “I move the Board of Directors adjourns the January 22nd, 2018 Board Meeting at ___ pm.”

OWNER FORUM – 15 minutes, 2 minutes per person

The Board and Management will address questions and feedback from Unit Owners.

Next Meeting Dates are February 12th and February 26th at 7:30 pm

A Residents’ Forum is scheduled for February 3rd at 11:00 am