Aquarius Condominium Association

Minutes of Meeting of the Board of Directors

January 26, 2012

CALL TO ORDER:      The meeting was called to order by Paul Finfer @ 7:01 PM.

ESTABLISHMENT OF A QUORUM: Present were Arkady Chase, Paul Finfer, A. J. Mitchel, Pablo Villagra and Joanne Willoughby. The building manager, Steven Francis, was also present.

READING & APPROVAL OF THE MINUTES:       Pablo Villagra moved to waive the reading of the minutes of the previous meeting. Paul Finfer seconded the motion and the Board passed the motion unanimously. Paul Finfer reiterated that all minutes of the Board Meetings are published on the website.

BOARD POSITIONS:   The newly elected board members met to determine each member’s position on the board.

A motion was made by Joanne Willoughby to elect Paul Finfer as President. A.J. Mitchel seconded the motion. A vote was called and Paul Finfer was unanimously elected President.

A motion was made by A. J. Mitchell to elect Joanne Willoughby as Vice President. Arkady Chase seconded the motion. A vote was called and Joanne Willoughby was unanimously elected Vice President.

A motion was made by Joanne Willoughby to elect Pablo Villagra as the Secretary. Arkady Chase seconded the motion. A vote was called and Pablo Villagra was unanimously elected Secretary.

A motion was made by Arkady Chase to elect A. J. Mitchel as the Treasurer. Joanne Willoughby seconded the motion. A vote was called and A. J. Mitchel was unanimously elected Treasurer.

A motion was made by Pablo Villagra to elect Arkady Chase as the Director. Joanne Willoughby seconded the motion. A vote was called and Arkady Chase was unanimously elected Director.

BANK SIGNATURES:         A motion was made by Pablo Villagra to have a minimum of three (3) signatures on all Aquarius Condominium bank account. The motion included adding the following names:

• Paul Finfer – President
• Joanne Willoughby – Vice President
• A.J. Mitchel – Treasurer

to the Aquarius bank accounts. Arkady Chase seconded the motion. A vote was called and the motion was passed unanimously.

GENERAL:     Several unit owners requested time in the meeting to discuss several issues. A general discussion ensued.

ADJOURNMENT:     There being no further business a motion do adjourn was made by Pablo Villagra. The motion was seconded by Paul Finfer and unanimously passed by all 5 Board members. The meeting adjourned at 7:40.

Paulo G. Villagra Jr.

Secretary