Events Calendar
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Following The 2024 Park Tower Condo Association Annual Meeting
Monday June 10, 2024 7:30PM
2nd Floor Party Room
Roundup Report
Important Note – The Meeting Roundup Reports are provided as a courtesy for Owners to review business the Board considered and conducted at meetings. 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, after which they are posted in the PT Condo Online Library and otherwise available upon request from the Management Office.
6:30PM – CLOSED SESSION
The Board is scheduled to meet to discuss rule violations, pending litigation, Unit Owner account issues and personnel matters.
7:30PM – 2024 Park Tower Condo Association Annual Meeting
Call To Order
The Meeting Chair, current Board President Michael Parrie called the 2024 Annual Meeting of the Park Tower Condominium Association Unit Owners to order at 7:35pm, and confirmed with the auditor there is a minimum 20% quorum of Association members present in person or by proxy, in order to conduct the meeting.
Introduction of Board Members, Management and Election Tabulator
The meeting chair may introduce the current Board Members, representatives present from Management and the Election Tabulator from the Association’s auditing firm Picker and Associates.
Approval of Minutes: Annual Meeting June 12, 2023
The meeting chair called for a motion to approve the minutes of the 2023 Annual Meeting.
After a motion by Richard Rouse (#2303), seconded by Betty Terry-Lundy (#4306) the ownership of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the minutes from the 2023 Park Tower Condo Association Annual Meeting held on Monday June 12, 2023.
The chair affirmed the ayes had it unanimously.
To review and download the approved minutes, Click Here.
Statement of Purpose of Meeting:
The meeting chair stated the purpose of the Annual Meeting is to elect two Unit Owners to the Board of Directors to each serve a two-year term.
Introduction of Candidates and Call for Ballots
The meeting chair introduced the Candidates of Record: Sheldon Atovsky (Unit 3306), Monique Fouant (Unit 4701), Joseph Guzzardo (Unit 1801).
The meeting chair called for any nominations from the floor and there were none.
The meeting chair called for a motion for a final call for ballots.
After a motion by Sheridan Hodges (#401), seconded by William Oren (#5314) the ownership of the Park Tower Condo Association voted unanimously in favor of a resolution to approve making a final call for ballots at 7:39PM.
The chair affirmed the ayes had it unanimously.
The Association’s auditor made a final collection of ballots.
Announcement of Election Results
The meeting chair requested the preliminary election results be delivered and summarized by the Election Tabulator. The Election Tabulators presented the percentage of the total quorum, and portion of the vote each candidate received.
Quorum 28%
Monique Fouant 45% (elected to two year term)
Sheldon Atovsky 43% (elected to two year term)
Joseph Guzzardo 12%
It was noted, the election results are expected to be formally certified by letter from the auditor the next business day.
Adjournment
There being no further business, after a motion by Richard Rouse (#2303), seconded by Laura Carl (#3015) the ownership of the Park Tower Condo Association voted unanimously in favor of a resolution to approve adjourning the 2024 Annual Meeting Of Unit Owners at 7:41PM.
The chair affirmed the ayes had it unanimously.
OWNER FORUM
The Board of Directors and Management welcomed and addressed feedback and questions from Unit Owners.
CALL TO ORDER – Board Meeting Open Session
The meeting chair, Board President Michael Parrie, called the June 2024 Board meeting to order at 8pm.
Confirm Quorum
The meeting chair confirmed a quorum of Board Members was present.
Present from the Board of Directors was Michael Parrie, Monique Fouant, Lloyd Allison, Angie Eden and Sheldon Atovsky.
Present from Management was Property Supervisor Shruti Kumar, Property Manager Tim Patricio and Assistant Manager Danny Bravman.
Commission Reports
On behalf of the Social Commission, liaison Sheldon Atovsky reported on the coming July 4th party and how Owners and residents can get wristbands for attendance. The next Commission Meeting will be Monday July 15th at 7pm via ZOOM. Watch for additional bulletins in the Weekly News and Updates and/or join the Commission’s e-mail list by sending a request to ptcasocial@rcn.com.
To review or download the most recent Social Commission Report, Click Here.
On behalf of the Health Club Commission, Board Liaison Monique Fouant reported that the Board is expected to vote on new equipment. A new multi-gym and other equipment included, in part a result of the recent survey of members.
On behalf of the Home Improvement Commission, Board Liaison Michael Parrie reported the Commission met last month to review additional samples for the elevator cab remodel. They also discussed the party room, plants in the lobby, mall furniture, and lobby chair placement. The commission’s next meeting is Monday, June 17 at 6:00 pm in the party room. All owners are welcome to attend.
To review or download the most recent Home Improvement Commission Report, Click Here.
Board Report
On behalf of the Board, Michael Parrie thanked owners who voted in this year’s annual meeting election so that we met the minimum 20% quorum requirement.
He also thanked parkers who moved their cars prior to the power wash last month.
He reported that at last week’s meet the candidates night, renewable energy was discussed. We currently use approximately 27% renewable energy and will look at what other Habitat managed buildings do to see what is possible. Also, much of the balance of our energy use is natural gas, which has less emissions than other types of energy. As we learn more it will be reported.
Action Items
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condo Association voted unanimously to approve Michael Parrie, as Board President and liaison of the Home Improvement Commission and Rules & Regulations Commission, Monique Fouant, as Board 1st Vice President and liaison of the Health Club Commission and co-liaison of the New Residents Commission, Angie Eden, as Board 2nd Vice President and ASCO representative and co-liaison of the New Residents Commission, Lloyd Allison, as Board Treasurer and liaison of the Budget & Finance Commission and co-liaison of the New Residents Commission, and Sheldon Atovsky, as Board Secretary and liaison of the Social Commission.
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 four Unit Owners $100 for not having proof of insurance, which may double thereafter for each subsequent month, up to the maximum fine of $1,000 for not providing adequate proof of insurance.
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 two 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 per month, until attendance to the meeting is satisfied.
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 fining a unit owner $50 for excessive noise, with a warning that future violations may result in the fine doubling.
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 approve fining a unit owner $300 for misuse of the luggage carts and $100 for a loading dock violation.
After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny waiving a late fee.
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 deny waiving and insurance violation fine.
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 extension of a health club membership.
After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to deny waiving cable and internet assessments and a parking charge on an Owner’s account.
After a motion by Michael Parrie, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted 4 to 1 in favor of a resolution to approve a 1 year leasing policy exception for a Unit Owner. Michael Parrie voted no.
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 deny a leasing wait list policy exception for a Unit Owner.
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 approve a 2 month leasing policy exception for a Unit Owner.
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 approve two Unit Owner requests for support animals.
After a motion by Sheldon Atovsky seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted 3 to 2 in favor of a resolution to approve the minutes from the Board Meeting held on Monday May 13, 2024. Angie Eden and Sheldon Atovsky abstained.
To review and download the approved minutes, Click Here.
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 the 22.1 disclosure as drafted with the best available information through April 2024.
After a motion by Lloyd Allison, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve a request by the Unit Owners of 3810 and 3811 to pursue an amendment to the Association’s Declaration combining the units and designating the wall space between the units as limited common elements, and creating a new unit number, 3810-3811, with a combined percentage of ownership of .281925%, subject to the Unit Owners providing the necessary materials to the Association’s legal counsel (via management) entirely at the Unit Owners expense, including but not limited to an amended Plat of Survey showing the combined unit boundary, the combined unit number and the portion of the common elements to become limited common elements, consistent with direction from the Association’s legal counsel.
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 approve the proposed amendments to the Rules and Regulations as drafted with the changes recommended by the Association’s legal counsel, and hereby directs management to prepare and appropriately distribute a list of the proposed amendments to the Unit Owners for their review, and hereby schedules a Special Meeting of the Unit Owners for discussion of the amendments on Monday August 12th, at 7:30pm.
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 installation of 7 new surveillance cameras at new locations as proposed by S&P Integrated Solutions, at an expense of $12,940.46, to be funded by the Reserve Fund.
After a motion by Lloyd Allison, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the change order for the 2nd Floor Deck Membrane Project, for concrete patches to the deck as completed by Monson Nicholas at an expense of $16,044, to be funded by the Reserve fund.
After a motion by Monique Fouant, seconded by Sheldon Atovsky, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the replacement of the Life Fitness Multi Gym with a Matrix Multi Gym and the purchase of dumbbell rack, decline bench and kettlebell set and rack, including delivery and installation, as recommended by the Health Club Commission and as proposed by Total Fitness Connection at an expense of $12,493.75, to be funded by the Reserve fund.
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 approve the change order for the 2nd Floor Carpeting, to install carpeting consistent with the residential hallways, as proposed by Chicago Floor Systems Corp., at an expense of $14,400, to be funded by the Reserve Fund.
After a motion by Michael Parrie, seconded by Angie Eden, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to approve the remodeling plans for 307, 1503, 2105 and 3314 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
Treasurer’s Report
Board Treasurer Lloyd Allison reported from the April 2024 Balance Sheet and Statement of Income & Expenses as presented by the Habitat Company.
Fund Balances End of April 2024
Operating assets totaled $1,904,719 and the Reserve cash and investments were $4,778,978 for a total of cash and investments of $6,683,697.
April 2024 Revenue and Expenses
Total Operating Revenue: $655,930
Total Operating Expenses: $448,296
Income (Loss) From Garage: $33,687
Contribution To Reserve: $172,233
Total Surplus/(Deficit): $69,088
Management Report
General Manager Tim Patricio reviewed current business and activity of interest and reported on sales for the month.
ADJOURNMENT
There being no further business, after a motion by Angie Eden, seconded by Monique Fouant, the Board of Directors of the Park Tower Condo Association voted unanimously in favor of a resolution to adjourn the June 10, 2024 Board Meeting at 8:44pm.
OWNER FORUM
The Board of Directors and Management will welcome and address feedback and questions from Unit Owners.
The next regular Board Meetings are scheduled for June 24th and July 8th at 7:30PM, to be held in the 2nd Floor Party Room unless otherwise posted.