PARK TOWER CONDOMINIUM ASSOCIATION

2023 PTCA Annual Meeting and June 2023 Board Meeting

Round Up Reports

Important Note – The Meeting Roundup Reports are 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 in the PT Condo Online Library and otherwise available upon request from the Management Office. Annual Meeting Minutes would be approved at the next Annual Meeting.

2023 ANNUAL MEETING

Monday June 13, 2022 7:30PM

Party Room 2nd Floor

6:30PM – CLOSED SESSION

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

Call To Order

The Meeting Chair, current Board President Michael Parrie, called the 2023 Annual Meeting of the Park Tower Condominium Association to order at 7:34PM, and confirmed with the Picker and Associates auditor a minimum 20% quorum of Association members was present in person or by proxy, in order to conduct the meeting.

Introduction of Board Members, Management and Election Tabulator

The meeting chair introduced the current Board Members, representatives present from Management and Election Tabulator from the Association’s auditing firm Picker and Associates.

Present from the Board of Directors was Michael Parrie, Monique Fouant, Sheldon Atovsky, Lloyd Allison and Angie Eden.

Present from Management was Property Supervisor Shruti Kumar, Property Manager Tim Patricio and Assistant Manager Danny Bravman.

Present from Picker and Associates for ballot tabulation, was auditor Alexa Freeman.

Approval of Minutes: Annual Meeting June 13, 2022

Meeting Chair Michael Parrie called for a motion to approve the minutes of the June 13, 2022 PTCA Annual Meeting.

After a motion by Drew Castenson (4103), seconded by Amanda Saverson (4514), the Unit Owners of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the minutes from the 2022 Park Tower Condo Association Annual Meeting held on June 13, 2022.

Meeting Chair Michael Parrie confirmed the ayes had it unanimously.

To review or download the approved minutes, Click Here.

Statement of Purpose of Meeting: 

Meeting Chair Michael Parrie stated the purpose of the 2023 Annual Meeting is to elect three Unit Owners to the Board of Directors to each serve a two-year term.

Introduction of Candidates

Meeting Chair Michael Parrie introduced the Candidates of Record: Lloyd Allison (Unit 1901), Angie Eden (Unit 2201), Joseph Guzzardo (Unit 1801), and Michael Parrie (Unit 5401).

He then called for any nominations from the floor, and none were made.

He then called for a motion for final call for ballots.

After a motion by Richard Rouse (2303), seconded by Betty Terry-Lundy (4306-4406), the Unit Owners of the Park Tower Condo Association voted unanimously in favor of a resolution to approve making a final call for ballots at 7:38PM.

Meeting Chair Michael Parrie confirmed the ayes had it unanimously.

The Association’s auditor made a final collection of ballots.

Announcement of Election Results

Meeting Chair Michael Parrie confirmed with the auditor that the preliminary election results were ready to be summarized by the Election Tabulator Alexa Freeman. The Election Tabulators presented the percentage of the quorum, and portion of the vote each candidate received:

Total Quorum:          34.53%

In order by highest percentage of vote:

Michael Parrie       29.21%

Lloyd Allison       26.20%

Angie Eden        25.90%

Joseph Guzzardo        17.47%

It was noted the election results were expected to be formally certified by letter from the auditor the next business day. To review that letter, Click Here.

Adjournment

There being no further business, Meeting Chair Michael Parrie called for a motion to adjourn the 2022 Annual Meeting.

After a motion by Richard Rouse (2303), seconded by Michael Bonfiglio (2504), the Unit Owners of the Park Tower Condo Association voted unanimously in favor of a resolution to approve adjourning the 2023 Annual Meeting at 7:42PM.

Meeting Chair Michael Parrie confirmed the ayes had it unanimously.

June 12, 2023 Board of Directors Meeting

Monday June 12, 2023

Roundup Report

OWNER FORUM

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 7:56PM.

Confirm Quorum

The meeting chair confirmed a quorum of Board Members was present.

Present from the Board of Directors was Michael Parrie, Monique Fouant, Sheldon Atovsky, Lloyd Allison and Angie Eden.

Present from Management was Property Supervisor Shruti Kumar, Property Manager Tim Patricio and Assistant Manager Danny Bravman.

Commission Reports

Acting Social Commission Chair Sheldon Atovsky reported on recent and upcoming social events and activities including movie night and text to walk. He thanked long time member Greg Nigosian who is moving. He discussed the 4th of July party and the need for volunteers and some more coolers. He mentioned you can contact the office to get your wristbands, which are free for Owners and registered residents. He spoke as well about plans for the coming 50th Anniversary events.

For more about the 4th of July Party, and need for volunteers, Click Here for the latest.

For the most recent Social Commission Report, Click Here.

Cable and Internet Taskforce Liaison Lloyd Allison reported that Owners and residents have until Friday June 16th to respond to the Cable/Internet Service Survey. The Commission will be scheduling a meeting to review the results.

For more about the Cable/Internet Service Survey, or to complete yours, Click Here.

Acting Health Club Chair and liaison Monique Fouant stated there was a meeting on May 16th and spoke about a few pieces of equipment that need to be addressed.

Home Improvement Liaison Michael Parrie reported on Commission business from the June 7th meeting including results from the Hallway Project Mock-up Survey; floor 55 is the winner. It will be used as a template for other floors.

To review the most recent Home Improvement Commission Report, Click Here.

Board Report

On behalf of the Board, Board President Michael Parrie thanked owners who voted in the annual meeting election, in order to ensure we meet the 20% quorum required by our Declaration.

In addition, he congratulated property supervisor Shruti Kumar, on her promotion at Habitat as its vice president of condominium management.  He stated that thankfully, Shruti will continue to serve as our property supervisor.

Action Items

1. Appointment of Board Officer and Commission Liaison Positions

After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board voted unanimously in favor of a resolution to appoint Michael Parrie as Board President and liaison to the Home Improvement Commission and Rules and Regulations Commission, Monique Fouant as Board 1st Vice President and liaison to the Health Club Commission and co-liaison to the New Resident Welcome Commission, Angie Eden as Board 2nd Vice President and ASCO representative and co-liaison to the New Resident Welcome Commission, Lloyd Allison as Board Treasurer and liaison to the Cable/Internet Ad hoc Commission and Budget Commission and co-liaison to the New Resident Welcome Commission, and Sheldon Atovsky as Board Secretary and liaison to the Social Commission.

2. Closed Session Business

After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine 5 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 Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine 6 unit owners $50 for not attending the new residents meeting, which may double thereafter for each subsequent month, up to a maximum fine of $200, until attendance to the meeting is satisfied, and denies the request by an Owner to waive a residents fine.

After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $100 for a construction violation.

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 a unit owner $100 for luggage cart misuse.

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 a unit owner $50 for a noise disturbance, $400 for an unscheduled move, and $100 for the presence of a dog, and also directs management to charge the Owner’s account $300 that represents the difference for the registration fee and an additional occupant fee.

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 pursuing a foreclosure on a Unit Owner’s unpaid balance.

After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the application for a support animal, as recommended by the Association’s legal counsel.

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 leasing policy exception for a period of 1 year, at which time this may be considered again.

After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny a Unit Owner’s request for a leasing policy exception.

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 (ref 2C5a) to waive the power wash fee.

After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny an owner’s request (ref 2C5b) to waive the power wash fee.

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 (ref 2C5c) to waive the power wash fee.

After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny an owner’s request (ref 2C5d) to waive the power wash fee.

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 (ref 2C5e) to waive the power wash fee.

After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve an owner’s request (ref 2C5f) to waive the power wash fee if the owner can supply proof of hospitalization.

After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted 4 to 1 in favor of a resolution to deny an owner’s request (ref 2C5g) to waive the power wash fee. Sheldon Atovsky abstained from the vote.

After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny an owner’s request (ref 2C5h) to waive the power wash fee.

3. Minutes – Board Meeting April 10, 2023 (revised)

After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the revised minutes from the Board Meeting held on Monday April 10, 2023.

To review or download the approved minutes, Click Here.

4. Minutes – Board Meeting May 8, 2023

After a motion by Sheldon Atovsky, seconded by Lloyd Allison, 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 May 8, 2023.

To review or download the approved minutes, Click Here.

5. Updated 22.1 Disclosure

After a motion by Monique Fouant, 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 May 2023.

6. Rules and Regulations Commission Appointment

After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to appoint Unit Owner Phoebe Helm to the Rules and Regulations Commission.

7. 50th Anniversary Logo

After a motion by Sheldon Atovsky, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to accept the logos designed by the Habitat Company for special use for business and activities as proposed by the Social Commission, and in particular as it relates to communications for the upcoming 50th Anniversary events presently in the planning stages.

8. Hallway Project

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 approve the hallway remodeling project as recommended by the Home Improvement Commission, using the mock-up design from the 55th Floor, with Green Tech Decorating, Inc. performing carpentry and decorating as proposed for $432,225, Chicago Floor Systems Corp. for carpeting as proposed for $581,400, the Alphabet Shop, Inc. for signage as proposed for $118,459.46, a provision of $127,500 for building materials and supplies, and a provision of $10,000 to address unknown conditions should they arise, for a total of $1,269,584.46 to be funded by the reserve.

9. Construction Requests

After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the remodeling plans for units 2210, 3310 and 3412 as submitted by the unit owners, 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 Lloyd Allison reported from the April 2023 Balance Sheet and Statement of Income & Expenses as presented by the Habitat Company. The fund balances at the end of April 2023 included Operating assets totaling $1,589,709 and Reserve cash and investments of $4,680,417 for a total of cash and investments of $6,270,126.

He reported that April 2023 revenue and expenses were as follows:

Total Operating Revenue: $627,179

Total Operating Expenses: $463,101

Income (Loss) From Garage: $30,850

Contribution To Reserve: $164,975

For A Total Surplus Of: $29,952

2. Management Report

Property Manager Tim Patricio reviewed current business of interest, key data from the monthly activity report and the latest sales.

ADJOURNMENT

There being no further business, after a motion by Monique Fouant, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve adjourning the June 12, 2023 Board Meeting at 8:25PM.

OWNER FORUM 

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

The next regular Board Meetings are scheduled for June 26th and July 10th at 7:30PM. All such meetings are expected to be held in the 2nd Floor Party Room unless otherwise posted.