Call to Order at 9:12 pm

Members Present

Michael Parrie; Monique Fouant; Jean Shamo; David Nicosiahttps://www.ptcondo.com/wp-content/uploads/2016/12/161112_Board_Minutes_Budget_Meeting.pdf

Members Absent

George Pauley

Management

Timothy Patricio, Poperty Manager;  Amir Cobalovic, Assistant Manager

Statement of Purpose of Meeting

Board Treasurer Jean Shamo explained that the meeting was to review the next sections in the budget, Recreational Expenses, Garage Income and Garage Expenses, Payroll and Legal Expenses. Present from the Budget & Finance Committee was Rebecca Rossof, Oliver Tugend and Paul Heck.

Approval of Minutes

After a motion by Dave Nicosia, seconded by Jean Shamo, the Board of Directors voted unanimously in favor of a resolution to approve the minutes of the Board of Directors meeting held on Saturday November 5^th, 2016.

Review Of Proposed Budget

Jean Shamo initiated discussion and review of the budget for all line items under the Recreational, Garage, Payroll and Legal expense categories, and Garage Income. Management addressed questions and feedback from the Board and Committee Members and noted any questions for follow up at a future meeting.

Adjournment

After a motion by Michael Parrie, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of adjourning the meeting at 11:51 pm.

Signed (as seen on pdf, clickable at upper right corner of these minutes)

Michael Parrie, President

David Nicosia, Secretary