BOARD OF DIRECTORS MEETING

Roundup Report

Monday May 9, 2022 7:30PM

6:30PM – CLOSED SESSION

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

OWNER FORUM – 7:30PM

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

CALL TO ORDER – Board Meeting Open Session

The meeting chair, Board President Michael Parrie, called the meeting to order at 7:46PM.

Confirm Quorum

Board President Michael Parrie confirmed a quorum of Board Members was present. Present from the Board of Directors was Michael Parrie, Jean Shamo, Monique Fouant, Sheldon Atovsky and Catherine Kestler.

Present from Management was Property Supervisor Dave Barnhart, and Assistant Manager Danny Bravman.

Commission Reports

ASCO Liaison Catherine Kestler reported on the latest business from ASCO’s latest meeting and events of interest in the neighborhood.  Topics of community meetings this month include community planning in the Broadway corridor, community safety, and alternative policing strategy.  The Edgewater Yard & Garage Sale is scheduled for Saturday, June 4. For the most recent ASCO report, Click Here.

Acting Social Commission Chair Sheldon Atovsky discussed recent and upcoming planned activities.  A Zoom discussion group will be held on Thursday, May 12 at 7:00pm.  A movie night will be held on Saturday, May 28 at 4:30pm in the Party Room.  The Social Commission will next meet on Tuesday, May 24, at 11:00am to discuss the 4th of July Celebration and the building’s 50th anniversary. For the most recent Social Commission report, Click Here.

Acting Health Club Committee Chair Monique Fouant reported that the Health Club Commission will have a Zoom meeting on Monday, May 23 at 4:00pm.

Home Improvement Liaison Michael Parrie reported that Home Improvement Commission discussed the outdoor deck stain and common element signs.  The Home Improvement Commission’s next meeting is Tuesday, June 7 at 6:00pm in the Party Room. For the most recent Home Improvement Commission report, Click Here.

Board Report

Board President Michael Parrie thanked the Social Commission for hosting the Easter Egg hunt.  He reminded all owners to please vote in the 2022 Annual Meeting on Monday, June 13th.  Proxies will be mailed out, and ballots will be available on the day itself.  Votes and proxies can be placed in the ballot box next to the doorman station, or mailed in.  A 20% quorum is needed for the election of board members to be valid, in order to avoid a costly second election.

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 in favor of a resolution to fine four unit owners $100 for not having proof of insurance, which may 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 Jean Shamo, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $100 for luggage cart misuse.

After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $1,000 for a health club violation, which may be applied again for each subsequent occurrence with a permanent revocation of the health club after that time.

After a motion by Michael Parrie, seconded by Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny an owner’s request to waive the $50 work order and $25 bike storage fee assessed as a result of the bike room repairs and clean out event.

After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a health club religious exemption if the waiver is completed, as recommended by the Board attorney.

After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny an owner’s request to remove late fees.

After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny an owner’s request for a support animal, but to approve the request if it is re-submitted again and the Board attorney recommends approval.

After a motion by Michael Parrie, seconded by Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve an owner’s request for a support animal, as recommended by the Board attorney.

2. Minutes – Board Meeting April 11, 2022

After a motion by Sheldon Atovsky, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the minutes from the Board Meeting held on Monday, April 11, 2022.

To review or download the approved minutes, Click Here.

3. Updated 22.1 Disclosure

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 approve the 22.1 disclosure as drafted with the best available information through March 2022.

4. Social Commission Request

Acting Social Commission Chair Sheldon Atovsky asked for the Board’s input regarding this year’s annual 4th of July celebration in light of ongoing COVID concerns.  Measures being considered included increasing servers and not allowing self-service of food, not offering ice cream, limiting where food and drinks would be consumed, and charging non-residents.  Michael Parrie indicated that the Board was supportive of the measures being explored while remaining within the allocated budget.

5. 2nd Floor Deck Color

After a motion by Michael Parrie, seconded by Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the color change recommended by the Home Improvement Commission for accent staining of the 2nd Floor Deck as proposed for locations such as the pergola, benches, rails, planters and the vertical risers on the steps with Sherwin-Williams “Charcoal” stain color.

6. Construction Request

After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the remodeling plans for unit 4406 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 March 2022 Balance Sheet and Statement of Income & Expenses as reported by the Habitat Company.

At the end of March 2022, Operating Assets totaled $1,623,165.81, and the Reserve Cash and Investments were $3,446,145.20, for a total of cash and investments of $5,069,311.01.

March 2022 Revenue and Expenses included Total Operating Revenue of $587,344.78, Total Operating Expenses of $400,267.02, Income from Garage of $28,182.31, and a Contribution to Reserve of $146,508.00, resulting in a surplus for the month of $68,752.07.

2. Management Report

Community Manager Danny Bravman reviewed key Monthly Activity Report items and recent sales activity.

Board President Michael Parrie issued reminders regarding the upcoming Driveway Repaving Project scheduled for May 17 and May 18, and the upcoming Garage Power Washing scheduled for May 23 through May 26.

ADJOURNMENT

There being no further business, after a motion by Monique Fouant, seconded by Jean Shamo, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to adjourn the May 9, 2022 Board Meeting at 8:15pm.

 OWNER FORUM

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

 The next Board Meeting is scheduled to be held at the suspension of the 2022 PTCA Annual Meeting of the Unit Owners, scheduled for Monday June 13th. At this time, all such meetings are anticipated to be held in the 2^nd Floor Party Room.