Meeting Location  

5415 N. Sheridan Road 2nd Floor Party Room

Call to Order at 7:31 pm

Statement of Purpose of Meeting

Board President Michael Parrie, the meeting chair, called the Unit Owner Meeting to order at 7:31pm, and began by explaining the purpose of the meeting to discuss the proposed budget for the PTCA 2020/2021 fiscal year. He highlighted changes in the rate of assessments and other fees collected as income, as well as projects anticipated for the upcoming fiscal year.

Board Treasurer Jean Shamo reviewed the process for budgeting; the initial proposed budget was put forward by the Property Manager. The Board and members of the Budget and Finance Committee met over 3 meetings in November and went from category to category through each line item. The Board accepted the proposed budget for mailing in December, and it was mailed to Unit Owners in December for their review.

She also responded to questions in writing submitted by a Unit Owner in advance of the meeting.

Open Discussion

Board President Michael Parrie then opened the floor for comments, questions and discussion regarding either the budget or the dispute resolution policy and complaint form. The Board and Management addressed questions and feedback from Unit Owners.

Adjournment

There being no further business, after a motion by Sharon Walker (owner of Unit 1102), seconded by Betty Terry-Lundy (owner of Unit 4306-4406), the Board President Michael Parrie called for a vote to adjourn, and the ownership present at the meeting voted all in favor to adjourn the Special Meeting of the Unit Owners at 8:06pm. Michael Parrie indicated the Ayes had it unanimously.

Signed (as seen on pdf of official minutes for this meeting, upper right corner of these minutes.

Michael Parrie, Board President Date

Sheldon Atovsky, Board Secretary Date