Roundup Reports
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; the Annual Meeting Minutes are approved at the next Annual 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.
Call To Order
The Meeting Chair, Board President Michael Parrie, called the 2026 Annual Meeting of the Park Tower Condominium Association Unit Owners to order at 7:30pm, and confirmed with the auditor there was a 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 introduced the current Board Members, representatives present from Management and the Election Tabulator from the Association’s auditing firm Picker and Associates.
Present from the Board of Directors was Michael Parrie, Monique Fouant, Sheridan Hodges, Sheldon Atovsky and Lloyd Allison.
Present from Management was Property Supervisor Tricia Conway, General Manager Tim Patricio, and Assistant Managers Scott Turton and Danny Bravman.
Present from Picker & Associates was auditor Ralph Picker.
Approval of Minutes: Annual Meeting June 9, 2025
After a motion by Jean Shamo (Unit 4606), seconded by Dale Woods (Unit 3810), the ownership of the Park Tower Condo Association passed a resolution to approve the minutes from the 2025 Park Tower Condo Association Annual Meeting held on Monday June 9, 2025.
The chair affirmed that 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 was 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 present: Sheldon Atovsky (Unit 3306), Monique Fouant (Unit 4701), and Joseph Guzzardo (Unit 1801).
Then the chair called for any nominations from the floor. There were no nominations from the floor.
The meeting chair called for a motion for a final call for ballots.
After a motion by Dennis Sneyers (Unit 4515), seconded by Jean Shamo (Unit 4606), the ownership of the Park Tower Condo Association passed a resolution to approve making a final call for ballots at 7:43pm.
The chair affirmed that the ayes had it unanimously.
The Association’s auditor made a final collection of ballots, and confirmed preliminary results were tallied.
Announcement of Election Results
The meeting chair requested the preliminary election results be delivered and summarized by the Election Tabulator. The Election Tabulator presented the percentage of the quorum, and portion of the vote each candidate received.
Quorum – 24.08%
The election results were as follows in the order of the candidates which received the greatest percentage of the vote:
Monique Fouant – 21.91%
Sheldon Atovsky – 19.81%
Joseph Guzzardo – 6.17%
It is noted, the election results are expected to be formally certified by letter from the auditor on the next business day.
(NOW AVAILABLE – To download and review the certified results, Ballot Results Letter 2026.
Adjournment
There being no further business, after a motion by Dennis Sneyers (Unit 4515), seconded by Catherine Kestler (Unit 4501), the ownership of the Park Tower Condo Association passed a resolution to approve adjourning the 2026 Annual Meeting Of Unit Owners at 7:45pm.
The chair affirmed that the ayes had it unanimously.
OWNER FORUM
The Board of Directors and management welcomed and addressed feedback and questions from Unit Owners.
OPEN SESSION CALL TO ORDER – Confirm Quorum
The meeting chair, acting Board President Michael Parrie, called the meeting to order at 7:56pm.
Confirm Quorum
The meeting chair confirmed a quorum of Board Members is present. It was confirmed all were present from the Board and Management as previously introduced at the 2026 Annual Meeting.
Commission Reports
ASCO Liaison Sheridan Hodges reported that there is discussion the City may buy the Emmanuel Congregation, Fern Hill development site along Sheridan Road.
Social Commission Acting Chair Sheldon Atovsky talked about the recent movie night and thanked organizers, volunteers and staff, and said the next Commission meeting is scheduled for August 11th, 7:30pm on ZOOM. He then discussed plans for the upcoming Independence Day Picnic on Saturday July 4th. He said they are looking for 105 volunteers and 8 coolers to borrow.
Watch for announcements on the bulletin boards and their e-mails. 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.
Health Club Commission liaison Monique Fouant reported that folks with valuables or belongings should be storing them in the lockers, not out in the open.
To review and 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 20% quorum requirement.
The Board also thanked Jim Jardine for his 7½ years of leading in the package room. Jim reports he will continue to volunteer as a member of the team.
Action Items
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 appoint Michael Parrie, as Board President and liaison of the Rules and Regs and Home Improvement Commissions, Monique Fouant, as Board 1st Vice President and liaison of the Health Club, Green and Ad Hoc Market Space Commissions, Sheridan Hodges, as Board 2nd Vice President and liaison of the New Residents Commission, Lloyd Allison, as the Board Treasurer and liaison of the Budget & Finance and New Residents Commissions, and Sheldon Atovsky, as Board Secretary and liaison of the Social Commission.
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 approve redeeming the taxes for a unit in arrears, charge the unit, and rent it out to recover the assessments and taxes; due to a fast turn around, management may consult with the Board President or Board Treasurer in order to get permission to cut the necessary cashier’s check with guidance from 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 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/month until adequate proof of insurance is provided.
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 three 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 to the meeting is satisfied.
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 $400 for an unauthorized move. (MP noted that the fine was already added to the paid assessment letter due to the timing of the sale versus the rules hearing considering the matter.)
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 unauthorized construction and $250 for work done by an unlicensed plumber, to double for any future such incidents.
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 self-treatment of bed bugs.
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 a safety violation/poor unit maintenance.
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 $250 for a safety violation/poor unit maintenance.
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 $250 for smoking in a common area (stairwell), to double for future incidents.
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 a Unit Owner’s request to waive a fine for an unauthorized dog.
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 waive half of the late fees on a Unit Owner’s account after successful completion of a payment plan.
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 fine for materials installed on and hanging out a window.
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 a fine for an unscheduled move violation.
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the minutes from the Board Meeting held on Monday May 11, 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 Condominium Association voted unanimously in favor of a resolution to approve the the 22.1 disclosure as drafted with the best available information through April 2026.
After a motion by Monique Fouant, seconded by Lloyd Allison, and discussion, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve a preliminary budget of $6500 for Management to refurbish PTCondo.com, moving it from a WordPress platform to Claude Code by Anthropic.
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 laundry room license agreement amendment with Family Pride Laundries for 10 years, as proposed at a commission rate of 71% of receipts to be paid to the Association, and repainting as recommended by the Home Improvement Commission.
After a motion by Lloyd Allison, seconded by Monique Fouant, and discussion, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the additional 5 year sprinkler testing required by the City of Chicago, as proposed by Fox Valley Fire & Safety for a total of $11,809.17, as well as an extension of their annual life safety maintenance and fire protection services contract through 2030, at no increase for 2027, and 3% annual increases for 2028, 2029 and 2030.
After a motion by Monique Fouant, seconded by Lloyd Allison , the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the alteration of the plaza railing as proposed by Skyline Metal Fabrication, to create an opening to allow for improved access to the fire hydrants for first responders at the street level, for an expense of $2,800.
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 approve replacement of the variable frequency drive serving the north cooling tower, as proposed by Fluid Technologies Pumps & Controls, Inc., at an expense of $9,987, to be funded by the reserve fund.
After a motion by Sheridan Hodges, seconded by Lloyd Allison, and discussion, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve repairs to the main kitchen exhaust fan, as proposed by Oakbrook Mechanical, at an expense of $24,195, 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 Condominium Association voted unanimously in favor of a resolution to approve the exterior curtain wall sealant inspection and repairs project as proposed by Riggio Boron, Ltd. for scaffold and swing stage operations, and spot sealant repairs at an expense of $85,250, and as proposed by Wiss Janney Elstner Associates, Inc., for a critical examination and sealant inspection of the curtain wall at an expense of $30,000, and a provision of $17,000 for addressing any unforeseen conditions, for a total of $132,250 to be funded by the reserve fund.
After a motion by Sheldon Atovsky, seconded by Lloyd Allison, and discussion, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve an increase of the planned budget for the Independence Day Picnic by $850, to allow for Windy City Shaved Ice treats, as proposed by the Social Commission, for a total estimated net expense of $7,150 for the picnic.
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 approve the remodeling plans for units 801, 1209, 3403 and 4515, 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 highlights from the most recent financial reports, for the period April 2026, as submitted by the Habitat Company.
Fund Balances End of April 2026
Operating assets totaled $1,680,098 and the Reserve cash and investments were $6,059,459 for a total of cash and investments of $7,739,557.
April 2026 Revenue and Expenses
Total Operating Revenue: $686,468
Total Operating Expenses: $506,176
Income (Loss) From Garage: $26,729
Contribution To Reserve: $188,258
Total Surplus/(Deficit): $18,736
Action On Investments
After a motion by Lloyd Allison, seconded by Monique Fouant, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve the reinvestment of a reserve fund CD with Wells Fargo Bank, totaling $245,000, to a CD with Merrick Bank with an interest rate of 4.1% for a period of 24 months, and reaffirms that management continue consulting with the Board Treasurer and President between Board Meetings when making any new investments or future adjustments to such investments, and should either the Treasurer or Board President be unavailable, with another current member of the Board.
Management Report
Property Manager Tim Patricio reviewed current business and activities of interest, and the latest sales.
To download and review the updated Sales Report, Click Here.
ADJOURNMENT
There being no further business, after a motion by Monique Fouant, seconded by Lloyd Allison, the Board of Directors of the Park Tower Condominium Association voted unanimously in favor of a resolution to approve adjourning the June 8, 2026, Board Meeting at 8:36PM.
OWNER FORUM
The Board of Directors and Management welcomed and addressed feedback and questions from Unit Owners.
The next regular Board Meetings are scheduled for Monday June 22nd and July 13th at 7:30pm, and a Resident Forum is expected Wednesday July 22nd at 7pm. All such meetings are held in the 2nd Floor Party Room unless otherwise posted.
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