PLAZA EAST ASSOCIATION
MINUTES OF THE ORGANIZATIONAL MEETING OF
THE
BOARD OF DIRECTORS
FEBRUARY 28, 2006
1. CALL TO ORDER AND PLEDGE OF
ALLEGIANCE
President Terry Marcum called to order a duly constituted meeting
of Plaza East Board
Of Directors on Tuesday, February 28, 2006 at 7:30 PM in the
Recreation Room.
President Marcum led the Pledge of Allegiance.
2. ROLL CALL
Present: Ismet Baker, James Brady, Rafik Heinen, Richard Loarie,
Terry Marcum,
Charles Packard, DiAnne Shumard, Alex Soufrine, John Tokluca. Also
present was
Wilfred Lopez, Manager.
Absent: Allen Pell and Tim Smith.
Quorum? Yes
3. ELECTION OF OFFICERS OF THE BOARD OF DIRECTORS
Motion 1: Baker (Tokluca) moved (seconded) to nominated Loarie as
President. There were no other nominations. Motion passed with one
Nye (Brady).
Motion 2: Loarie (Soufrine) moved (seconded) to nominate Packard as
Vice President. There were no other nominations. Motion passed
unanimously.
Motion 3: Loarie (Tokluca) moved (seconded) to nominate Helene
Pasternak as Secretary. There were no other nominations. Motion
passed unanimously.
Motion 4: Baker (Shumard) moved (seconded) nominate Tokluca as
Treasurer. There were no other nominations. Motion passed with one
Nye (Brady).
4. BANK SIGNATURES
1) President Richard Loarie
2) Vice President Charles Packard
3) Treasurer John Tokluca
4) Manager Wilford Lopez signs employee checks with the second
signature of one of the above officers.
5. DISCRETIONARY FUNDS
1) President Loarie $5000.00
2) Manager Wilford Lopez $5000.00
Motion 5: Loarie (Marcum) moved (seconded) to accept the above
dollar amounts.
Motion passed unanimously.
6. ADJOURNMENT
Motion 6: Loarie (Shumard) moved (seconded) adjournment at 7:45 PM.
Passed unanimously.
Respectfully Submitted,
DiAnne Shumard
Recording the minutes for absence of the Secretary Richard Madey
(who resigned prior to this meeting).