Management Report And Agenda
Monday January 9th, 2017 at 7:30PM
2nd Floor Party Room
UNIT OWNER MEETING – 7:30pm
Unit Owner Meeting to Review the Proposed Operating Budget for the 2017/18 Fiscal Year
This is a meeting of the owners. The meeting chair is expected to be the Board President Michael Parrie who will bring the meeting to order, direct discussion and call on audience members to speak. Please be courteous and respectful to those speaking. Wait to be recognized by the meeting chair before speaking.
ADJOURNMENT – Unit Owner Meeting
15 minutes, 2 minutes per person
The Board and Management will address questions and feedback from Unit Owners.
OPEN SESSION – Call to Order
The meeting chair will call the meeting to order. Please be courteous – no audience participation is permitted. If applicable, speakers will be recognized by the Meeting Chair.
Roll Call – Confirm Quorum
The meeting chair will confirm a quorum of Board Member is present. Board Members and representatives from Management will be introduced.
Committees will be invited to deliver updates to the Board on business and activities.
Board Report: Board President Michael Parrie
The meeting chair may make comments or provide updates on Association business and activities or otherwise address the Board and Owners present.
Action Items – New Business
This agenda item is provided for any resolutions proposed resulting from Closed Session discussion.
Attached to the report for Board Member review, are the proposed minutes from the Board Meeting held on Monday December 12, 2016, as submitted by Timothy Patricio, Property Manager.
A sample motion follows to approve the minutes for December 12th: “I move the Board of Directors approves the minutes from the Board Meeting held on Monday December 12, 2016.”
This Agenda item is provided should discussion or any resolutions be need for action on the proposed budget, to be discussed at the Unit Owner Meeting to be held prior to the Board Meeting. It is worth noting any changes which could significantly impact the budget as presented in the initial mailing, such as increasing or decreasing the assessment level, would require another mailing to all owners for proper notification.
This Agenda item is provided for discussion on possible changes in membership to the Social Commission.
It is our understanding, a proposal will be presented to appoint Sheldon Atovsky, owner of Unit 3306, as Chair of the Commission
A sample motion follows: “I move the Board of Directors appoints Sheldon Atovsky as Social Commission Chairperson.”
This Agenda item is provided for discussion of matters related to the policies related to the $50 fee charged to parkers who do not remove their vehicles from the garage when cleaning is scheduled. For consideration:
Fund Balances End of November 2016
Operating Funds $640,793 (increase of $246,044 from October)
Reserve Funds $1,892,709 (decrease of $88,188 from October)
Total Cash and Investments $2,533,503 (increase of $157,857 from October)
November Income and Expenses
Total November Income: $469,176
Total November Expenses: $329,890
Income From Garage: $29,351
Contribution To Reserve: $122,742
Total Surplus or (Deficit): $45,896
Property Manager Tim Patricio will report on current Business and Activities, items of interest from the Monthly Activity Report and recent sales activity.
There being no further business, the Board will consider adjourning the meeting.
A sample motion follows: “I move the Board of Directors adjourns the January 9, 2017 Board Meeting at _ _ PM.”
OWNER FORUM – 15 minutes, 2 minutes per person
Next Meeting Dates January 23rd 7:30PM and Residents forum February 6th 7PM.