Past Board Meetings

The May 22nd BOARD OF DIRECTORS (henceforth referred to as “the Board”)
meeting of the 2012 session of the MUSEUM PARK LOFTS CONDOMINIUM
ASSOCIATION 125 EAST 13TH STREET (henceforth referred to as “the Lofts
Association”) began at 6:54 P.M. The Board PRESIDENT of the Lofts Association
(henceforth referred to as “President”), Harry O’Halloran, asked BOARD OF
DIRECTOR MEMBERS (henceforth referred to as “Directors”) to refer to the agenda.

ACTION ITEM #1: APPROVE MINUTES

Director Jerry Massa moved that the minutes from the January 17th, 2012 meeting be approved. Secretary Russ Petro seconded. The motion passed without dissent.

PRESIDENT’S REPORT

President Harry O’Halloran provided an update on NATO and new staff members.

TREASURER’S REPORT

President Harry O’Halloran ceded the floor to Treasurer Annika Weckerle, for the Financial Report.

MANAGEMENT REPORT

President O’Halloran ceded the floor to Cherie Murphy-Schmidt for the Association Management Report.

ACTION ITEM #2: RULES AND REGULATIONS

The Board resolved to adopt the revised Rules and Regulations as amended.

President Harry O’Halloran moved to approve. Treasurer Annika Weckerle seconded. The motion was approved without dissent.

ACTION ITEM #3: FAÇADE REPAIRS

The Board resolved to request KGH to obtain formal bids for the East and South elevations of the façade repairs.

Director Jerry Massa moved to approve. Secretary Russ Petro seconded. The motion was approved without dissent.

ACTION ITEM #4: LINE OF CREDIT

The Board resolved to approve the commitment letter from Barrington Bank to secure a
line of credit in the amount of $505,000 to fund the East and South elevations of the
façade project.

Treasurer Annika Weckerle moved to approve. Vice President James Skakolski seconded. The motion was approved without dissent.

ACTION ITEM #5: OPERATING SURPLUS

The Board resolved to approve the transfer of 2011 operating surplus in the amount of
$41,043 per the 2011 audit as prepared by Nyborg and Associates.

President Harry O’Halloran moved to approve. Director Jerry Massa seconded. The motion was approved without dissent.

ACTION ITEM #6: HALLWAY PAINTING

The Board tabled the topic of hallway painting.

ACTION ITEM #7: FIRE PUMP TEST

The Board resolved to approve fire pump testing by Fire Flow Testing Services in the amount of $770.

Vice President James Skakolski moved to approve. President Harry O’Halloran seconded. The motion was approved without dissent.

ACTION ITEM #8: LOBBY FURNITURE PADS

The Board resolved to approve Weber Furniture to clean the lobby furniture and re-stuff
lobby couch cushions in the amount of $1,420.

Secretary Russ Petro moved to approve. Treasurer Annika Weckerle seconded. The motion was approved without dissent.

ACTION ITEM #9: GENERATOR REPAIR

The Board resolved to ratify email approval of the 2012 insurance policy by Mesirow
Financial Services for a cost of $34,890 for the master policy and $3,318 for the workers
compensation policy.

Treasurer Annika Weckerle moved to approve. Vice President James Skakolski seconded. The motion was approved without dissent.

ACTION ITEM #10: VIOLATIONS

The Board resolved to assess a pet fine and illegal delivery fine for violations of the Rules and Regulations.

Secretary Russ Petro moved to approve. Treasurer Annika Weckerle seconded. The motion was approved without dissent.

MEETING ADJOURNMENT

Treasurer Annika Weckerle moved that the meeting be closed at 7:31pm.
President Harry O’Halloran seconded. The motion was approved without
dissent.