Meeting Location

5415 N. Sheridan Road – 2nd Floor Party Room

Call to Order at 7:40 pm

Members Present

Monique Fouant; Paul Heck; David Nicosia; Michael Parrie; Jean Shamo

Management

Timothy Patricio, Property Manager; Yvonne Sanchez, Assistant Manager

 Committee Reports

On behalf of the Social Committee, Jean Shamo reported that movie night on January 20th was a success, with almost 50 owners and little ones in attendance. Next up, is the Super Bowl Party being organized by Management and the Maintenance staff, Sunday February 4th at 4PM.

 ACTION ITEMS – NEW BUSINESS

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

After a motion by Dave Nicosia, seconded by Paul Heck, the Board of Directors voted unanimously in favor of a resolution to approve the minutes from the Board Meeting and Special Meeting of the Unit Owners held on Monday January 8, 2018.

2018/2019 Budget Adoption 

After a motion by Jean Shamo, seconded by Dave Nicosia, and a final opportunity for any questions or feedback, the Board of Directors voted unanimously in favor of a resolution to adopt 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.

Social Committee – Addition of New Member Request 

After a motion by Jean Shamo, seconded by Monique Fouant, the Board of Directors voted unanimously in favor of a resolution to appoint Gregory Nigosian as a member of the Social Committee. 

Adjournment

There being no further business, after a motion by Dave Nicosia, seconded by Paul Heck, the Board of Directors voted unanimously in favor of a resolution to adjourn the January 22nd, 2018 Board Meeting at 7:44PM.

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

Michael Parrie, Board President

Paul Heck, Vice President