BOARD OF DIRECTORS MEETING AGENDA

Monday September 13th, 2021

Roundup Report

Important Note – The Meeting Roundup Report is provided as a courtesy for Owners to review business the Board considered and conducted at meetings. This is not intended to replace actual meeting minutes. Minutes for each Board Meeting are typically drafted after that meeting and approved at the next regularly scheduled meeting, after which they are posted and available upon request. 

6:30PM – CLOSED SESSION

The Board met in Closed Session to discuss rule violations, pending litigation, Unit Owner account issues and personnel matters.

7:30PM – OWNER FORUM

The Board of Directors and Management welcomed and addressed questions and feedback from Unit Owners. 

CALL TO ORDER – Board Meeting Open Session

Board President Michael Parrie called the Open Session to order at 7:43pm. 

Confirm Quorum

Michael Parrie confirmed a quorum of Board Members was present.

Present from the Board was Michael Parrie, Jean Shamo, Sheldon Atovsky, and Catherine Kestler. Absent was Monique Fouant. Present from Management was Property Supervisor David Barnhart, General Manager Timothy Patricio, and Assistant Manager Christopher Rayburn.

Commission Reports

ASCO Liaison Caterine Kestler mentioned the next ASCO meeting will be September 14th.

Social Commission Chair Sheldon Atovsky discussed the “Walk To Talk” program sponsored by the Commission. The Commission can be contacted with any questions or interest in participating.

On behalf of the Home Improvement Commission, Board President Michael Parrie discussed business from their most recent meeting on September 2nd, including the plantings with Brightview, BBQ islands, the elevator #6 panels, the electric car infrastructure, the mall atrium skylight flowers and furniture, the roof lighting project, signage for 2P thru floor 2, the party room, and lobby mats.  The commission’s next meeting is Thursday, October 7^th at 6 pm in the party room.  To review their report, Click Here

Board Report

On behalf of the Board, Board President Michael Parrie urged owners and residents to please follow COVID-19 safety precautions within the common areas, as posted.  Also, after a year-and-a-half hiatus, the riser project has resumed, and the Board thanks everyone for their patience when this work is done.  Finally, please be aware of 1P and 2P garage power washing the week of October 4^th.

Action Items 

1. Closed Session Business

After a motion by Michael Parrie seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously to approve an owner’s request to waive a $250 construction violation fine.

After a motion by Michael Parrie, seconded by Jean Shamo I move that the Board of Directors of the Park Tower Condo Association voted unanimously to deny a former resident’s request that all their property be replaced by the Association.

After a motion by Michael Parrie, seconded by Jean Shamo I move that the Board of Directors of the Park Tower Condo Association voted unanimously to fine 2 unit owners $50 for the first month, to double thereafter for each subsequent month, up to a maximum fine of $200 per month, for not attending the new residents’ meeting.

After a motion by Michael Parrie, seconded by Jean Shamo, the Board of Directors of the Park Tower Condo Association voted unanimously to fine 4 unit owners $100 for not having proof of insurance, to double thereafter for each subsequent month, up to the maximum fine of $1,000, until adequate proof of insurance is provided.

After a motion by Michael Parrie seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously to fine a unit owner $250 for construction without approval and $500 for a construction violation.

After a motion by Michael Parrie seconded by Jean Shamo, the Board of Directors of the Park Tower Condo Association voted unanimously to fine a unit owner $250 for construction without approval and $500 for a construction violation.

After a motion by Michael Parrie seconded by Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously to fine a unit owner $1,000 per month for a leasing policy violation until the resident moves out, and assess a fine of $350 for a move violation.

After a motion by Michael Parrie seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously to approve two unit owners’ requests for a support animal, as consistent with the guidance provided by the Board attorney.

After a motion by Michael Parrie seconded by Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously to deny an owner’s request to remove parking fees for September.

After a motion by Michael Parrie seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously to deny an owner’s request to remove a second late fee over the past twelve months.

2. Minutes – Board Meeting August 9, 2021

After a motion by Michael Parrie seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted to approve the minutes from the Board Meeting held on Monday August 9, 2021. There were 3 votes in favor, and Catherine Kestler abstained.

3. Budget & Finance Commission Membership

After a motion by Jean Shamo, seconded by Sheldon Atovsky the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to appoint Unit Owners Lloyd Allison of 1901 and Christopher Ibrahim of 3911 to the Budget & Finance Commission.

To review the approved minutes, Click Here

4. COVID-19 Policies

No action taken.

The Board urges all Owners and Residents to comply with the City mandate to wear face coverings indoors throughout the common areas.

5. Garage Heater

After a motion by Jean Shamo, seconded by Catherine Kestler, and discussion, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the installation of an additional heater near the fresh air intake on 2p, at a cost not to exceed $8350 to be funded by the Reserve Fund.

6. Electric Car Charging

The Board tabled discussion regarding park rates, for likely consideration while reviewing the proposed budget this fall.

7. Future Riser Project Materials

After a motion by Jean Shamo, seconded by Sheldon Atovsky, and discussion, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a provision of $128,000 for the advance bulk purchase of materials, for approximately 6 future Riser Projects expected in 2022/23 and thereafter, to be made at a time observed to be most advantageous or strategic based on pricing to be actively monitored by management and staff, and with final approval by the at least two out of three Board Officers – the President, Treasurer and/or Secretary after appropriate consultation.

8. Construction Request

After a motion by Michael Parrie seconded by Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously to approve the remodeling plans of unit 5309 as submitted by the unit owner, following the recommendations of the chief engineer as outlined in their written specifications and in accordance with the Rules and Regulations and remodeling guidelines of the Park Tower Condo Association.

Business Reports 

1. Treasurer’s Report

Board Treasurer Jean Shamo reviewed key details from the July 2021 Balance Sheet and Statement of Income & Expenses as reported by the Habitat Company.

Fund Balances End of July 2021

Operating assets totaled $1,445,273, and the Reserve cash and investments were $2,929,684 for a total of cash and investments of $4,374,957.

July 2021 Revenue and Expenses

Total Operating Revenue: $577,640

Total Operating Expenses: $437,965

Income (Loss) From Garage: $108,188

Contribution To Reserve: $146,508

Total Surplus: $101,355*

*Important to note, this surplus is entirely due to the reimbursement to the Garage, from the Reserve Fund for the expense related to the temporary worker hired to help over the course of the concrete and membrane project.

2. Management Report

Property Manager Tim Patricio reviewed current business and activities of interest, the Engineer’s Report and items of interest from Maintenance, and recent sales activity.

ADJOURNMENT

There being no further business, after a motion by Catherine Kestler seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously to adjourn the September 13, 2021 Board Meeting at 8:17PM.

OWNER FORUM

The Board of Directors and Management welcomed and addressed feedback and questions from Unit Owners. 

The next Board Meetings are scheduled for Monday September 27th and October 11th at 7:30pm, in the 2nd Floor Party Room.