A signed copy of these and all minutes going back to the 1980’s are available from the Management Office upon request.
Board Members Present
Vince DiFruscio, President; Herbert Hellauer, 1st Vice President; Bob Pierce, 2nd Vice President; Rosalie Sutcher, Treasurer; Ness Hanna, Secretary
Mary McQuillan, Property Supervisor; Christina Epple, Property Manager; Mavis Mather, Assistant Manager
These are the minutes of the Board of Directors of the PARK TOWER CONDOMINIUM ASSOCIATION, an Illinois not-for-profit corporation.
Unit Owner Comments
Prior to the meeting there was time for Homeowner questions and comments.
Call to Order
Vince DiFruscio chaired and called this meeting to order at 8:12 p.m.
Minutes June 27, 2005
The Board Meeting commenced with consideration of the minutes of the Board of Directors’ meeting held on Monday June 27, 2005. Upon due motion by Nessim Hanna and seconded by Herbert Hellauer, the Board voted unanimously to approve the minutes of the June 27, 2005 Board meeting.
Rosalie Sutcher stated that according to the June 30, 2005 Financial Statements there was an operating cash fund of $296,046. Eighteen Certificates of Deposit totaled $1,993,408. The total of all investments and accounts was $2,289,455.
Christina Epple, Property Manager provided the following information from the Management Report:
Request to Remodel Resolved to approve the remodeling of units: 801 and 3603 with the recommendations of the Chief Engineer and in accordance of the Rules and Regulations and remodeling guidelines. Upon due motion by Nessim Hanna and seconded by Herbert Hellauer, the Board voted unanimously to ratify the request for remodeling of units 801 and 3603.
R&R Fines Resolved to ratify the approval of charging an owner a $50.00 fine for an unscheduled delivery, charging an owner a $250.00 fine for verbal abuse to building staff, and charging an owner a $50.00 fine for endangering activity in the garage. Upon due motion by Nessim Hanna and seconded by Herbert Hellauer, the Board voted unanimously to ratify the approval of charging the three rules and regulation violation fines to unit owners.
Resolution for Social Entertaining Fund Resolved, that the Board of Directors of the Park Tower Condominium Association does hereby approve the opening of a Social Committee Fund account at Bridgeview Bank in the amount of $565.00, to be administered by the Social Committee Liaison. The fund is established to collect and deposit guest pass revenue and fund future social events. Upon due motion by Nessim Hanna and seconded by Rosalie Sutcher, the Board voted unanimously to approve the opening of a Social Committee Fund at Bridgeview bank in the amount of $565.00, to be administered by the Social Committee Liaison.
Purchase of Mall/Deck furniture Resolved, that the Board of Directors of the Park Tower Condominium Association does hereby approve the purchase of the mall/sundeck resin furniture to include 16-Resin armchairs, 2-32” folding tables, and 3-38” folding tables. Upon due motion by Rosalie Sutcher and seconded by Nessim Hanna, the Board voted unanimously to approve the purchase of the mall/sundeck resin furniture.
Other Discussion Items
Cable Focus Group A cable focus group has been established for reviewing options regarding the RCN contract that expires in December. The chair of the focus group has had to resign for health reasons. Anyone who is interested in joining or chairing this group should contact the Management Office.
Bike Donation There are unclaimed bikes remaining from the bike room audit that finished in April. The time for holding the bikes for collection has elapsed and the Board has decided that these remaining bikes will be given to charity.
Upon due motion by Bob Pierce and seconded by Nessim Hanna the meeting adjourned at 8:27 pm.
Vince DiFruscio, President
Nessim Hanna, Secretary