Meeting Location 

5415 North Sheridan Rd – 2nd Floor Party Room

Call To Order at 9:02 am

Members Present

Michael Parrie, Sheldon Atovsky, Monique Fouant,  Jean Shamo, Cheryl Ronnett

Management

Scott Oblander, Property Supervisor; Timothy Patricio, Property Manager;  Tricia Bulaclac, Assistant Manager

Statement of Purpose of Meeting

The Board Treasurer Jean Shamo called the meeting to order and opened the meeting explaining this would be the first of three expected budget review meetings.

Review of Proposed Budget

Board Treasurer Jean Shamo explained the goal of the meeting was to review the budget expense categories: Administrative, Operations Expenses, Contracted Expenses, Utilities, Maintenance & Repairs and Recreational.

Members from the Inactive Budget & Finance Committee were invited to participate. Members Rebecca Rossof and Oliver Tugend were present to help with additional guidance and insights.

Discussion and Questions

Jean Shamo chaired the discussion, beginning with Administrative Expenses. Members discussed each section as planned. Questions, concerns and questions were discussed as needed with members and management. Each member was given the opportunity to raise points or questions for discussion of any budget line item. Management took notes for any editing, gathering information and direction for follow up.

Adjournment

After a motion by Jean Shamo, seconded by Michael Parrie, the Board of Directors voted unanimously in favor of adjourning the meeting at 11:48 pm.

Signed (as seen on pdf of official minutes for this meeting, upper right corner of these minutes).

Michael Parrie, President

Sheldon Atovsky, Secretary