Board Meeting Monday September 10th
September 10, 2018
BOARD OF DIRECTORS MEETING
Agenda and Management Report
Monday September 10, 2018 7:30PM
2nd Floor Party Room
6:30PM – Closed Session (Held by Board in Management Office)
7:30PM – OWNER FORUM – 15 minutes, 2 minutes per person
The Board and Management will address feedback and questions from Unit Owners.
OPEN SESSION – Call to Order (following Life Safety Town Hall Meeting)
The meeting chair, expected to be Board President Michael Parrie, will call the meeting to order. Please be courteous – if applicable, the meeting chair may choose to entertain audience questions as may be applicable to each agenda item. All speakers shall be recognized by the chair as necessary. Please do not interrupt speakers who have the floor.
Roll Call – Confirm Quorum
The meeting chair will confirm a quorum of Board Members are present. Board Members and representatives from Management will be introduced.
Committee Reports
Committee Chairs or others so designated will be invited to update the Board on business and activities.
Board Report
The Board President may review business or other matters of interest with the Board and audience.
Action Items
- Closed Session Business
This agenda item is provided for any resolutions proposed resulting from Closed Session discussion.
- Minutes – Board Meeting August 27, 2018
Attached to the report for Board Member review, are the proposed minutes from the Board of Directors Meeting held on Monday August 27, 2018, as submitted by Timothy Patricio, Property Manager.
A sample motion: “I move the Board of Directors approves the minutes from the Board Meeting held on Monday August 27, 2018.”
Business Reports
Treasurer’s Report
Fund Balances End of July 2018
Operating Funds $899,214 (increase of $70,437 from prior month)
Reserve Funds $1,343,555 (decrease of $808 from prior month)
Total Cash and Investments $2,242,769 (increase of $69,628 from prior month)
July 2018 Revenue and Expenses
Total Operating Revenue: $523,667
Total Operating Expenses: $475,781
Income From Garage: $24,215
Contribution To Reserve: $136,675
Total deficit: $64,575
Management Report
Business and Activities
Recent Sales Activity
ADJOURNMENT
There being no further business, the Board will consider adjourning the meeting.
A sample motion: “I move the Board of Directors adjourns the September 10, 2018 Board Meeting at ____PM.”
OWNER FORUM – 15 minutes, 2 minutes per person
The Board and Management will address feedback and questions from Unit Owners.
Next regular Board Meetings – Monday September 24th and October 8th
About the Author: Tim Patricio
Park Tower Horizons
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