Roundup Report
6:30PM – CLOSED SESSION
The Board met to discuss rule violations, pending litigation, Unit Owner account issues and personnel matters.
7:30PM – Owner Forum
The Board of Directors and management welcomed and addressed feedback and questions from Unit Owners.
CALL TO ORDER – Open Session
Board President Michael Parrie, called the meeting to order at 7:38pm.
Confirm Quorum
Present from the Board of Directors was Michael Parrie, Monique Fouant, Sheridan Hodges, Sheldon Atovsky and Lloyd Allison.
Present from Management was Habitat Vice President of Condominium Management Tricia Conway, General Manager Tim Patricio and Assistant Manager Danny Bravman.
Commission Reports
Social Commission Acting Chair Sheldon Atovsky reported on the September 12th TGIF, and said that the Commission is hosting a movie night – presenting “Sully” – in the Party Room at 5:45pm on October 18th, with popcorn and pizza. He thanked engineer Patrik Janic for rescuing the fake birch trees by installing new bases. The next meeting will be held Monday November 17th at 7:30pm via ZOOM. 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.
To review and download the Commission’s most recent report, Click Here.
ASCO Liaison Sheridan Hodges reported on improvements being coordinated by the Alderwoman, including the audible sidewalk at Sheridan and Balmoral, and suggested residents can visit the 48th Ward website, https://the48thward.org/, to learn more about neighborhood improvements being coordinated.
On behalf of the Home Improvement Commission, Board President Michael Parrie suggested Owners may want to check out the newly added furniture and fire pit on the 2nd floor deck. Also, at its last meeting, the commission discussed its disappointment with the landscaping and how it may be necessary to either meet with Yellowstone to discuss the concerns or to find a new landscaping company. This may require a higher budget amount as Yellowstone is not meeting our expectations, unless we are okay with lowering the expectations. The commission will have its next meeting on Monday, October 20, at 6 pm in the 2nd floor party room.
To review and download the Commission’s most recent report, Click Here.
Board Report
The board will be meeting with the Budget & Finance Commission next month 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 8, 15, and 22, from 9 am to 12 pm in the party room. In addition, residents are welcome to attend our residents’ forum on Thursday, October 23rd at 7 pm in the party room to discuss what is on their mind.
Action Items
1. Closed Session Business
After a motion by Michael Parrie, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to instruct legal counsel with Kovitz, Shifrin, Nesbit, to respond and defend against a State Of Illinois IDHR complaint filed by a unit owner, related to a case where an application for an assistance animal was determined to be insufficient, and to inform our Directors and Officers insurance carrier.
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 four Unit Owners $100 for not having proof of insurance, to double thereafter for each subsequent month, up to the maximum fine of $1,000 until adequate proof of insurance is provided.
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 six 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 at a 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 unleased dog in a common area, with a warning that such a fine may double for future events.
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 two noise violations and $500 for threatening behavior, with a warning that such fines may double for future 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 $500 for smoking in a common area and $1000 for a health and safety hazard, with a warning the fine may double and parking privileges may be lost if such behavior recurs.
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 an unleased dog in a common area, with a warning that such a fine may double for future events.
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 $100 for repeated noise disturbances, with a warning that such a fine may double for future 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 $50 for five instances of a guest using the residents security fob to enter the health club unattended, for a total of $250, with a warning the such a fine may double for future 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 $50 for four instances of a guest using the residents security fob to enter the health club unattended, for a total of $200, with a warning the such a fine may double for future events.
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 after 30 days $100/month for a unauthorized dog, if the dog is neither removed nor properly registered as an assistance animal.
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 deny a Unit Owner’s request to waive half the late fees and delay collections efforts, if the Unit Owner becomes current with a payment plan for a past due account.
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 deny a Unit Owner’s request to waive a portion of the registration fee.
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 two Unit Owner requests for assistance animals, consistent with guidance from the Association’s 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 deny three Unit Owner requests for assistance animals, consistent with guidance from the Association’s legal counsel, but agree to approve the request should sufficient documentation be provided consistent with the guidance from counsel.
2. Minutes – Board Meeting Monday September 8, 2025
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted 4 to 1 in favor of a resolution to approve the minutes from the Board Meeting held on Monday September 8, 2025. Monique Fouant abstained from the vote.
To review and download the report, Click Here.
3. Updated 22.1 Disclosure
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 approve the 22.1 disclosure as drafted with the best available information through August 2025.
4. 2026/2027 Budget Calendar
After a motion by Lloyd Allison, seconded by Sheldon Atovsky, and discussion, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to accept the budget activity calendar for the 2026/2027 fiscal year, as presented by Management.
5. Construction Requests
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 remodeling plans for units 1601, 2908, 2911, 3715, 3810/11, 4611/12, as submitted by the unit 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.
Business Reports
1. Treasurer’s Report
Board Treasurer Lloyd Allison reviewed the most recent financial reports, for the period August 2025.
Fund Balances End of August 2025
Operating assets totaled $1,769,813 and the Reserve cash and investments were $5,242,215 for a total of cash and investments of $7,012,028.
August 2025 Revenue and Expenses
Total Operating Revenue: $692,476
Total Operating Expenses: $531,440
Income (Loss) From Garage: $25,625
Contribution To Reserve: $176,058
Total Surplus/(Deficit): $10,603
2. Management Report
Property Manager Tim Patricio will review current and recent business and activities of interest and the most recent unit sales.
ADJOURNMENT
There being no further business, after a motion by Sheridan Hodges, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to adjourn the October 13, 2025, Board Meeting at 8:00pm.”
OWNER FORUM
The Board of Directors and Management welcomed and addressed feedback and questions from Unit Owners.
The next regular Board Meetings are expected for Monday October 27th and November 10th at 7:30PM. There is also a Residents’ Forum Scheduled for Thursday October 23rd at 7pm. All such meetings are planned to be held in the 2nd Floor Party Room unless otherwise posted.
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