Post Meeting Roundup November 8th
November 12, 2021
BOARD OF DIRECTORS MEETING
Monday November 8, 2021
Meeting 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 7:37pm.
Confirm Quorum
Michael Parrie confirmed a quorum of Board Members was present.
Present from the Board was Michael Parrie, Jean Shamo, Monique Fouant Sheldon Atovsky, and Catherine Kestler. Present from Management was Property Supervisor David Barnhart and General Manager Timothy Patricio.
Commission Reports
ASCO Liaison Caterine Kestler discussed the most recent business by ASCO, including review of neighborhood construction, delivery traffic and bikes on Sheridan Road. Click for more: ASCO Report to PTCA Board November 2021
Social Commission Acting Chair Sheldon Atovsky discussed the “Gather To Talk” program, scheduling for upcoming meetings and the potential unlikelihood the “Holiday Cheer” event will be held due to the continuing City mask mandate and increasing COVID numbers locally. Click for more: Social Commission Report November 2021
Health Club Commission Acting Chair Monique Fouant reported that due to timing of the availability of parts and materials, the Pool Roof Project is not expected to commence until late Spring or early Summer.
On behalf of the Home Improvement Commission, Board President Michael Parrie encouraged interested Owners to join the next meeting on Thursday December 2nd at 6pm in the Party Room. Click for more: Home Improvement Commission Report To Board November 2021
Board Report
Board Report
Board President Michael Parrie reported that the Board will be meeting with the Budget & Finance Commission later this week to begin discussions on the proposed budget as presented by management. Owners are welcome to observe the process on Saturdays, November 13 and 20, from 9 am to 12 pm in the party room, and Monday, November 22nd at 7:30 pm. Also on the 22nd, Picker & Associates, will present their findings to the Board and owners. Owners are welcome to attend and ask questions.
He also said with the Thanksgiving holiday upon us, the Board would like to extend its gratitude to all the Park Tower employees who keep things running and keep us safe each and every day. Please consider these dedicated individuals during the holiday season via the Park Tower Employee Holiday Fund. Click Here For More: 2021 Holiday Fund Announcement 11.09.2021
Finally, thanked all owners and residents who contribute to Park Tower, from those who help out in the package room, to those who serve on commissions, such as health club, home improvement, budget & finance, social, and rules & regulations.
Action Items
- 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 4 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 Catherine Kestler, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $500 for negligence of unit maintenance, which may double up to $1,000 per month, until the shower tiles are fixed and the bathroom is restored to good, clean order and repair.
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 unit owner’s request for a support animal, as recommended by the Board attorney, and to remove the fine for one dog assessed last month.
- Minutes – Board Meeting October 11, 2021
After a motion by Sheldon Atovsky, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted 3 to 1 in favor of a resolution to approve the minutes from the Board Meeting held on Monday October 11th. Jean Shamo abstained.
To review or download the approved minutes, Click Here
- Boiler Maintenance
After a motion by Jean Shamo, seconded by Sheldon Atovisky, and discussion, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a cost not to exceed $17,664 per year for three years. to enter a Boiler Maintenance Contract consistent with the Association’s request for proposal issued for that purpose, with a close for 30 days notice to end the contract.
- Power Rodder Replacement
After a motion by Monique Fouant, seconded by Jean Shamo, and discussion the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a cost not to exceed $4000 for the replacement of the industrial power rodder and accessories.
- Construction Requests
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 of units 805, 2910, 3211, 3911, 5107 and 5406/07 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
- Treasurer’s Report
Board Treasurer Jean Shamo reviewed key details from the September 2021 Balance Sheet and Statement of Income & Expenses as reported by the Habitat Company.
Fund Balances End of September 2021
Operating assets totaled $1,436,121, and the Reserve cash and investments were $3,002,168 for a total of cash and investments of $4,438,289.
September 2021 Revenue and Expenses
Total Operating Revenue: $537,566
Total Operating Expenses: $436,184
Income (Loss) From Garage: $26,214
Contribution To Reserve: $146,508
Total Surplus/(Deficit): $(18,923)
- Management Report
Property Manager Tim Patricio reviewed current business and activities of interest, the Engineer’s Report and items of interest from the Maintenance team.
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 to adjourn the November 8, 2021 Board Meeting at 8:02pm.
OWNER FORUM
The Board of Directors and Management welcomed and addressed feedback and questions from Unit Owners.
The next Board Meetings are scheduled for Saturday November 13th and Saturday November 20th at 9am, and Monday November 22nd at 7:30pm.
About the Author: Tim Patricio
Park Tower Horizons
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