Roundup Report
Important Note – The Meeting Roundup Report is provided as a courtesy for Owners to review business the Board considered and conducted at a meeting. This is not intended to replace actual meeting minutes. Minutes for each Board Meeting are typically drafted after that meeting and approved at the next regularly scheduled meeting. Then they are posted in the PT Condo Online Library and otherwise available upon request from the Management Office.
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.
OPEN SESSION CALL TO ORDER – Confirm Quorum
Board President Michael Parrie, called the meeting to order at 8:22pm and confirmed a quorum of Board Members is present.
Present from the Board of Directors was Michael Parrie, Monique Fouant, Sheridan Hodges, Sheldon Atovsky and Lloyd Allison.
Present from Management was General Manager Tim Patricio, and Assistant Managers Danny Bravman and Scott Turton.
Commission Reports
ASCO Liaison Sheridan Hodges encouraged owners to attend the Resident Forum with Alderwoman Leni Manaa-Hoppenworth, April 23rd at 7pm.
Social Commission Acting Chair Sheldon Atovsky reported on the recent Ukrainian Egg decorating workshops and thanked Rita Allison and all the participants. He said recent TGIF event had 113 guests. He thanked the volunteers, management, staff and neighbors in attendance. Next up will be a movie night on May 16th. The next Commission Meeting will be April 21st at 7:30pm via ZOOM. Join their e-mail group for more, and be included on news and announcements for other coming events – just send a request to: ptcasocial@rcn.com.
To review and download the Commission’s most recent report, Click Here.
Budget & Finance Commission Lloyd Allison discussed changes with Fannie Mae requirements for underwriting mortgages, specifically as it relates to condominium reserve studies and contribution requirements. He reported PTCA’s present status falls comfortably within those requirements.
Health Club Liaison Monique Fouant reported a meeting of the Commission was held on March 25th at 4pm in the Party Room. They discussed gym used etiquette, lighting, and personal device use, as well as the possible repurposing of the remaining racquetball court. She mentioned long time attendant Dave Kazarian will be retiring at the end of the month.
Home Improvement Liaison Michael Parrie reported there will be a meeting on Monday, April 20 at 6 pm in the party room. Topics to be discussed include plantings, deck furniture, a new area rug for the lobby, and the laundry room layout for the upcoming contract renewal.
Board Report
Michael Parrie said that the board invites all residents to the upcoming forum on Thursday, April 23, at 7 pm. A special guest will be 48th ward alderwoman Leni Manaa-Hoppenworth. He said to please feel free to bring up any of your questions or concerns about the City or 48th ward directly to our ward leader.
He reminded everyone of the garage power wash on Monday, May 18th thru Thursday May 21st. The Association requests all parkers move their vehicle as scheduled, or have someone move it for you on your designated day(s).
Action Items
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 fine 5 Unit Owners $100 for not having proof of insurance, and may double thereafter for each subsequent month, up to a maximum fine of $1,000, until adequate proof of insurance is provided.
After a motion by Michael Parrie, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine 5 Unit Owners $50 for not attending the new residents meeting, which may double thereafter for each subsequent month, up to a maximum fine of $200, until attendance to the meeting is satisfied.
After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $250 for unlawful behavior and assault, and warn that this amount may double for an additional occurrences.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $4,000 for a health and safety violation, and warn that future incidents may result in the maximum fine of $5,000, but suspends this $4,000 fine if and until we get another confirmed odor complaint.
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 fine a unit owner $400 for an unauthorized move, $100 for a luggage cart violation, and $100 for a dock use violation.
After a motion by Michael Parrie, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $500 for an unauthorized solicitation and this may double for future instances.
After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $250 for unauthorized construction and warn that this may double for future instances.
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 fine a unit owner $500 for a health and safety violation, and this may double for future instances.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to fine a unit owner $250 for a health and safety violation, and this may double for future instances.
After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny a parkers garage damage claim.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny a unit owner’s request to waive a 6-month prior owner balance of assessments and legal fees owed, but agrees to waive half of the ancillary fees and charges related to the 6 month balance.
After a motion by Michael Parrie, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny a Unit Owners request to waive the new resident meeting requirement for an additional occupant.
After a motion by Michael Parrie, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny a Unit Owners request for a leasing policy exception.
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the minutes from the Board Meeting held on March 9, 2026.
To review and download the approved minutes, Click Here.
After a motion by Sheridan Hodges, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the 22.1 disclosure as drafted by management with the best available information through February 2026.
After a motion by Lloyd Allison, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve asbestos mitigation for the high zone 11/12 units riser project, as proposed by EHC Industries, Inc., at an expense of $53,669.25, to be funded by the reserve fund.
After a motion by Monique Fouant, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a budget of $15,000 to address possible leaking identified on 2p, to fund repairs as may be determined necessary should conditions warrant, and authorizes management and the engineer to approve a proposal in consultation with the Board President, to be funded by the reserve fund.
After a motion by Lloyd Allison, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a budget not to exceed $19,200 to complete painting of the underside of the exterior canopy, and authorizes management and the engineer to approve a proposal in consultation with the Board President, to be funded by the reserve fund.
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve replacement of the two main chiller isolations valves, as proposed by Great Lakes Plumbing & Heating Company, at an expense of $63,840, and a provision of $3200 for insulation work, for a total of $67,040 to be funded by the Reserve Fund.
After a motion by Lloyd Allison, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve replacement of the four main heat exchanger isolations valves, as proposed by Great Lakes Plumbing & Heating Company, at an expense of $61,180, and a provision of $6800 for insulation work, for a total of $67,980 to be funded by the Reserve Fund.
After a motion by Monique Fouant, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the four remaining underwater non-LED main pool light fixtures with LED fixtures, as proposed by Splash Pure Water Ltd., at an expense of $6246, to be funded by the Reserve Fund.
This business has been tabled.
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 approve the remodeling plans for units 302, 1506/07/08, 2314, 3507, 4406, 4806/07, and 4815 as submitted by the unit owner, 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
Treasurer’s Report
Board Treasurer Lloyd Allison reviewed the most recent financial reports, for the period February 2026, as presented by the Habitat Company.
Fund Balances End of February 2026
Operating assets totaled $2,224,563 and the Reserve cash and investments were $5,898,923 for a total of cash and investments of $8,123,486.
February 2026 Revenue and Expenses
Total Operating Revenue: $692,297
Total Operating Expenses: $598,071
Income (Loss) From Garage: $44,141
Contribution To Reserve: $176,062
Total Surplus/(Deficit): ($37,695)
Management Report
Property Manager Tim Patricio reviewed current business of interest.
ADJOURNMENT
There being no further business, after a motion by Monique Fouant, seconded by Sheridan Hodges, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve adjourning the April 13, 2026, Board Meeting at 8:50PM.
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 April 27th and May 11th, at 7:30pm, and a Resident Forum featuring 48th Ward Alderwoman Leni Manaa-Hoppenworth Thursday April 23rd at 7pm. All such meetings are held in the 2nd Floor Party Room unless otherwise posted.
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
29 | 1 | 3 | 4 | |||
5 | 6 | 11 | ||||
12 | 15 | 18 | ||||
26 | 1 | 2 | ||||
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
29 | 1 | 3 | 4 | |||
5 | 6 | 11 | ||||
12 | 15 | 18 | ||||
26 | 1 | 2 | ||||
