BOARD OF DIRECTORS MEETING
Monday November 9, 2026 7:30pm
Roundup Report
Important Note – The Meeting Roundup Report is provided as a courtesy for Owners to review business the Board considered and conducted at a meeting. 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. Then they are posted in the PT Condo Online Library and otherwise available upon request from the Management Office.
6:30PM – CLOSED SESSION
The Board met to discuss rule violations, pending litigation, Unit Owner account issues and personnel matters.
7:30PM – Special Meeting of the Unit Owners To Review Proposed Amendment to Rules and Regulations
Special Meeting Call To Order
Board President Michael Parrie called the meeting to order at 7:33pm, and shared the purpose of the meeting is for discussion and questions regarding a proposed amendment to the rules, as recommended by the Association’s legal counsel, to bring the rules in alignment with collections procedures requirements integrated this year into the Illinois Condominium Property Act. He opened the floor for questions, discussion and any further considerations.
Discussion and Questions & Answers
Discussion was led by Michael Parrie.
The Board and Management addressed questions and comments from Unit Owners present.
Special Meeting Adjournment
After a motion by Dennis Sheaves (Unit 4515) seconded by Paul Groeninger (Unit 4211), the ownership of the Park Tower Condo Association voted unanimously in favor of a resolution to adjourn the Monday November 9, 2026 Special Meeting of the Unit Owners for discussion of proposed amendments to the Rules and Regulations at 8:15pm.
OWNER FORUM
The Board of Directors and management welcomed and addressed feedback and questions from Unit Owners.
OPEN SESSION CALL TO ORDER – Confirm Quorum
The meeting chair, Board President Michael Parrie, called the meeting to order at 8:16pm.
Confirm Quorum
The meeting chair confirmed a quorum of Board Members was present. Present from the Board of Directors were Michael Parrie, Monique Fouant, Lloyd Allison, Sheridan Hodges and Sheldon Atovsky.
Also, present from Management were Tricia Conway, Property Supervisor, General Manager Tim Patricio, and Community Managers Scott Turton and Danny Bravman.
Commission Reports
ASCO Liaison Sheridan Hodges reported that ASCO is looking for a location to hold a forum, which can host at least 250 people, to host candidates running for Alderman in the upcoming February election.
Social Commission Acting Chair Sheldon Atovsky talked about the recent Halloween movie night and thanked volunteers, contributors and staff. He mentioned preparations are already well underway for the upcoming annual Holiday Cheer event, expected on Friday November 4th in the lobby at 5:30pm.
To review and download the Commission’s most recent report, Click Here.
Join the Social Commission e-mail group to be included on news and announcements for coming events. Just send a request to: ptcasocial@rcn.com.
Board Report
On behalf of the Board, Michael Parrie thanked Management and the Maintenance Team Leadership for their work in putting together a proposed budget for 2027-2028. The board will be meeting with the Budget & Finance Commission to begin discussions on the proposed budget for the next fiscal year, as presented by management. Owners are welcome to observe the process on Saturdays, November 14 and 21 at 9 am, and on Monday, November 23 at 6 pm, all in the party room.
Also he gave a friendly reminder that we have a garage power wash during the week of December 7. The Board passed a new policy at its November 14, 2022 meeting: A fee of $150 will be applied for failing to remove one’s car by 9 am on their designated days, and this fee will double for each subsequent event, up to a maximum fee of $1,000 per event. Fees cannot be waived and self-parkers will lose their permanent spot after three events on top of fees. If you are interested in having your car moved by staff for a $100 fee, then please give management at least a 7-day notice. This is limited on a first-come, first-served basis. To sum it up, please move your car or have someone move it for you!
He reminded everyone that with the holiday season upon us, please be sure to check the package room regularly to remove your items quickly. At this time of Thanksgiving, the Board would like to thank all of our volunteers who sort packages in the package room. The following residents volunteer regularly, and their help is most appreciated: Alexander Sowa, Betty Terry-Lundy, Bob Shamo, Cairn Hutter, Catherine Kestler, Cheryl Bombay, Jim Jardine, John Loftus, Kevin DePhillips, Kim Lange, Lauren Groves, Lissette Roldan, Maggy Burnes, Monique Fouant, Monty Rowell, Neil Averick, Rita Allison, Sheri Hodges, and Vince DiFuscio.
In addition, he thanked all owners and residents who contribute to Park Tower on its commissions, such as health club, home improvement, new residents, budget & finance, social, rules & regulations, and the ad hoc market space.
Finally, he extended the Board’s thanks to all the Park Tower employees who take care of us and keep things running behind the scenes. Please consider these dedicated individuals during the holiday season via the Park Tower Employee Holiday Fund.
Action Items
After a motion by Michael Parrie, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine three Unit Owners $100 for not having proof of insurance, to double thereafter for each subsequent month, up to the maximum fine of $1,000/month 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 Condominium Association voted unanimously in favor of a resolution to fine two Unit Owners $50 for not attending the new residents meeting, to double thereafter for each subsequent month, up to a maximum fine of $200 per month, until attendance to the meeting is satisfied.
After a motion by Michael Parrie, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine a Unit Owner $250 for an unleashed dog in the common areas which may double for any future such event, and $100 for an unauthorized dog, to double each month up to the maximum of $5000 per month, until the dog is removed or the Association is provided with the appropriate assistance animal documentation confirmed by legal counsel.
After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine a Unit Owner $150 for misuse of common elements.
After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine a Unit Owner $200 for damage to a common area, on top of costs to the Association associated with the necessary damage repairs.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine a Unit Owner $50 for excessive noise disturbances, to double for any future such events.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine a Unit Owner $100 for unauthorized service elevator use.
After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to fine a Unit Owner $250 for a fire code violation and misuse of the common areas.
After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to deny a Unit Owner’s request to waive a $60 NSF charge.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to reduce a fine for the presence of an unapproved clothes washer by $250.
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the minutes from the Board Meeting held on Monday October 12, 2026.
After a motion by Sheridan Hodges, seconded by Monique Fouant, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the 22.1 disclosure as drafted with the best available information through September 2026.
After a motion by Lloyd Allison, seconded by Monique Fouant, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve that WHEREAS, the Board of Directors (the “Board”) of Park Tower Condominium Association (the “Association”) is the governing body of said Association and is charged with the direction and administration of the property (the “Property”) subject to that certain Consolidated, Amended and Restated Declaration of Condominium and By-Laws for Park Tower Condominium, as from time to time amended (the “Declaration”); and WHEREAS, in accordance with Section 18.4(t) of the Illinois Condominium Property Act, the Board is required to adopt policies and procedures concerning the collection of unpaid assessments; and WHEREAS, the Board desires to establish policies and procedures concerning the collection of unpaid assessments and other sums due to the Association from Owners; and
WHEREAS, the Board, in accordance with Section 18.4(h) of the Illinois Condominium Property Act, has the authority to adopt and amend rules and regulations covering the details of the operation and use of the Property; and
WHEREAS, in accordance with Section 18.4(h) of the Illinois Condominium Property Act, a meeting of the Unit Owners was called for the specific purpose of discussing the proposed rules and regulations set forth herein, and notice of the meeting contained the full text of the proposed rules and regulations, and the meeting conformed to the requirements of Section 18(b) of the Illinois Condominium Property Act; that NOW THEREFORE BE IT RESOLVED that the Board does hereby adopt the amendment of policies and procedures concerning the collection of unpaid assessments and other sums due to the Association from Unit Owners.
After a motion by Monique Fouant, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve distribution of the ‘Market Space Survey’ to Unit Owners and residents, as proposed by the Ad Hoc Commission considering potential use of mall space 14c.
After a motion by Lloyd Allison, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve a short-term lease with Lettuce Entertain You for use of mall unit 14c, (aka the ‘market space’) for up to 6 weeks, for $6000.
After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the appointment of Unit Owner Betty Terry-Lundy (Unit 4306-4406) to the Rules and Regulations Commission.
General Manager Timothy Patricio, with help from community manager Danny Bravman, presented the new website, discussed some of the new features and answered questions from Unit Owners and Board Members present at the meeting.
The Board indicated general agreement that the new site could be launched once any final details are worked out.
After a motion by Michael Parrie, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the remodeling plans for units 1702, 2009, 3114, 3708, 3714, 3911, and 4210 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 Lloyd Allison reviewed the most recent financial reports, for the period of September 2026, as presented by the Habitat Company.
Fund Balances End of September 2026
Operating assets totaled $2,052,045 and the Reserve cash and investments were $5,863,440 for a total of cash and investments of $7,915,485.
September 2026 Revenue and Expenses
Total Operating Revenue: $744,509
Total Operating Expenses: $496,231
Income (Loss) From Garage: $32,083
Contribution To Reserve: $188,258
Total Surplus/(Deficit): $92,104
Management Report
Property Manager Tim Patricio reviewed current business and activities of interest, and the latest sales.
To download and review the updated Sales Report, Click Here.
ADJOURNMENT
There being no further business, after a motion by Monique Fouant, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to adjourn the November 9, 2026, Board Meeting at 9:01pm.
OWNER FORUM
The Board of Directors and Management welcomed and addressed feedback and questions from Unit Owners.
