MEETING OF THE BOARD OF DIRECTORS OF PLAZA EAST ASSOCIATION
August 27, 2008

Pursuant to notice the Board of Directors of Plaza East Association, Inc. met in special session on Wednesday August 27, 2008 at 6:30 P.M. in the N-P Elevator Lobby, 4300 N. Ocean Blvd., Fort Lauderdale, FL 33308. Directors in attendance were James Brady, Robert Buehler, Donald Galczak, Rafick Henein, Richard Madey, DiAnne Shumard, Tim Smith, Alex Soufrine and John Toklucu. Also present was Property Manager David Beswick. Mr. Smith chaired the meeting and Mr. Beswick recorded the proceedings. The meeting was called to order at 6:38 P.M. and began with the Pledge of Allegiance to the Flag. Being that there is no Secretary, President Smith directed Mr. Beswick to proceed with Roll Call. A quorum was established.

Also present were Buddy Pressley, Jared Cantor and Dominick Licairi of All-American Windows and doors, the successful proposing company for this project.

President Smith announced that the purpose of the special meeting was to consider and vote on a special assessment of the membership to pay for the replacement of all common area windows and doors with new hurricane impact resistant window and door systems.

Thereafter, upon motion by Mr. Toklucu, seconded by Mr. Soufrine, it was voted to proceed with a vote by the Board of Directors to proceed with a special assessment of the membership to fund this project. Mr. Brady, Mr. Galczak, Mr. Henein, Mr. Madey, Ms. Shumard, President Smith, Mr. Soufrine and Mr. Toklucu voted in favor of the motion and Mr. Buehler voted in opposition.


Armando Namis arrived at 6:50 P.M. and joined the Board at the head table.
There was a discussion about the previous special assessment to protect the common areas with hurricane shutters and what had happened with the funds collected for that purpose. It was also explained why hurricane shutters were not a viable or cost-efficient option. The matter of the previous shutter system was also discussed.
Thereafter, the amount of funding necessary was discussed. The visitors from All-American addressed every segment of window replacement for the membership
Thereafter, upon motion by Mr. Brady, seconded by President Smith, the matter of specially assessing the membership in the amount of six hundred thousand dollars in addition to the thirty six thousand and two dollars in the shutter special assessment account was discussed, and the motion was withdrawn after discussion.
Thereafter, upon motion by Mr. Soufrine, seconded by Mr. Toklucu, it was unanimously voted to specially assess the membership in the amount of five hundred and fifty thousand dollars for the purpose of funding the installation of hurricane impact resistant windows, doors and mullions in the common areas of Plaza East.
Thereafter, it was unanimously voted to adjourn at 7:48 P.M.
Respectfully Submitted,