George Pauley, President; Laura Cossa, 1 st Vice President; Carlos Vargas, 2 nd Vice President, Betty Terry-Lundy, Secretary; David Nicosia, Treasurer; David Barnhart, Property Supervisor; Tim Patricio, Property Manager; Mavis Mather, Assistant Manager Business Operations
Call to Order at 8:10 pm
ASCO Report (David Nicosia)
On April 20 there will be a Recycle-Rama in which you can recycle old flags, eyeglasses, fabric, yarn, and CFL bulbs. We will post the flier across from the receiving room for more information.
Home Improvement Committee (Scott Schmidtke)
The Committee met on March 26 and we discussed the replacement of the terrazzo and driveway. We are looking into poured concrete and have viewed a few samples. Currently we are thinking that 3′ by 3′ squares of a textured slate will be our best option. We will need to look into the ADA options for the ramps to the south and north of the building as well. We did make a few choices for the metal railing replacements as well. We would also like to address the light fixtures in the driveway and the mall plaza lighting as part of this project.
In addition, we have discussed the elevator redecorating and have preliminary proposals to review that would match the improvements that have already been made with the lobby renovation.
Finally we discussed options for the party room floor but would like to look at more samples and ideas before we make a recommendation.
Board Report (Carlos Vargas)
I would like for the Home Improvement Committee to discuss options for the safety of the building along with the front drive project. Specifically we used to have planters that would prevent a truck from driving into the building. I think that the committee should review this again and pursue options of this nature.
Motions from Closed Session
Upon due motion by Carlos Vargas and seconded by Betty Terry-Lundy, the Board voted unanimously to ratify the approval of the decisions made in closed session.
Minutes March 11, 2013
Upon due motion by David Nicosia and seconded by Betty Terry-Lundy, the Board voted to approve the minutes from the March 11, 2013 Board Meeting. Laura Cossa, Bett Terry-Lundy, and David Nicosia voted in favor; George Pauley and Carlos Vargas abstained; the motion passed.
Upon due motion by Carlos Vargas and seconded by David Nicosia, the Board voted unanimously to approve a lobby plant contract with Anna Held to provide a quarterly arrangement and weekly cut flowers for the lobby for an annual amount of $2,540.00.
Terrazzo/Circle Drive Project Planning
Upon due motion by David Nicosia and seconded by Carlos Vargas, the Board voted unanimously to approve an engineering budget for management to develop the Request For Proposal and drawings with Wiss Janney Elstner and Associates at a cost not to exceed $28,000.
2nd Floor Membrane
Upon due motion by David Nicosia and seconded by Laura Cossa, the Board voted unanimously to approve National Rigging to replace the 2nd floor membrane, as submitted, for the amount $96,967.00.
Toilet Replacement Plan
Upon due motion by Betty Terry-Lundy and seconded by David Nicosia, the Board voted unanimously to cancel any pending work orders for original toilet replacements and to replace these toilets as part of the riser project.
Annual Meeting Dates
Upon due motion by Betty Terry-Lundy and seconded by David Nicosia, the Board voted unanimously to approve h as the the deadline following for Candidate dates for Submissions,the Annual Meeting schedule: Friday May 10 Tuesday May 28th for Meet the Candidates Night, and Monday June 3rd for Meet & Greet the Candidates.
Upon due motion by Laura Cossa and seconded by Carlos Vargas, the Board voted unanimously to approve the remodeling of units 2712 and 4411 as submitted by the 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.
Treasurers Report (David Nicosia)
As of February 28, 2013 the total operating cash was $183,293.88. The total of all operating reserves was $50,904.91. The total of all operating cash and investments was $234,198.79. The total of the Barrington Bank Max Safe reserve account was $613,027.90. The total of all replacement reserve investments was $360,681.60. The total of all replacement reserve funds was $973,709.50. The total of all cash and investments was $1 ,207,908.29.
Management Report (Tim Patricio)
Green week is scheduled to be held the week of April 22n with the rummage sale scheduled for Saturday April 27th We have completed the main components to the eighth riser replacement. We are currently working on the punch-list items, but the riser as a whole was completed two days ahead of schedule.
Finally I was asked to provide an update on the Korean project. CUB and the KISBI contingency have been working on installing $100,000 worth of meters and drives within the building. The KT CFO and CEO will be touring the property next week to oversee this work.
Upon due motion by Laura Cossa and seconded by David Nicosia, the meeting adjourned at 9:15PM.
Signed (as seen on pdf, clickable at upper right corner of these minutes)
George Pauley, President
Betty Terry-Lundy, Secretary