The Park Tower Condominium association is administered by an elected Board of Directors, Managed by a professional, certified Property Manager and staff who oversee the daily operations and manage Park Tower’s staff that includes building engineers, maintenance staff, and security personnel. Because of its size and the scope of operations, various commissions or “committees” are formed to assist in in the efforts to manage, maintain and enhance Park Tower. These “Committees” provide an opportunity for non-Board members to contribute their time and talents for the betterment of the Park Tower community as a whole.
The Board of directors at Park Tower is an elected body of five homeowners who are volunteers. The Board represents the owners and jointly has responsibility for our common elements as well as the management and operation of the association’s business affairs. It is the Boards fiscal responsibility to maintain financial reserves while meeting the repair and maintenance needs of the common areas and building exteriors.
Board members are fiduciaries of the Association and carry out what they judge to be in the best interests of the association and its membership as a whole. This involves making informed decisions with the aid of professionals concerning legal and financial matters.
Park Tower’s Board, contracted with Draper and Kramer, a professional company, to maintain and manage the association’s business. The management company acts as the representative of the association, handling financial matters and hiring employees and outside contractors to perform necessary work. The management company acts under the direction of the Board of Directors and advises the board on issues that need attention. The management company is responsible for the day-to-day operations such as collecting homeowners’ dues and pursuing delinquent accounts.
The office staff are employees of Draper and Kramer while the other members of our maintenance staff are direct employees of the association or hired contractors.
Committees are the backbone of our community. They provide the needed assistance to the Association and Board. They focus on specific areas and provide research on issues, problems and needs. Although committees are not the final decision makers, they prepare recommendations that directly impact and influence Board decisions.
There are two types of committees; standing and ad-hoc. Standing committees are formed to oversee ongoing business of the Association such as Budget and Finance, Rules and Regulations, our Health Club, etc. Ad-Hoc committees are formed for a specific purpose with a clear objective to be met in a defined time-frame. E.g. Rules and Regulation review.