534 West 42nd Street Condominium
March 27, 2023
Minutes of the Annual Meeting of Unit Owners
Called to Order: 6:12pm
Roll Call:
In Person:
Claude Simon
Michael Younge 
Jeff Shah
Via Zoom
Jason Trubitt
Alex Hwang 
Kevin Seaman
Yaneeke Samuels via proxy to Jason Trubitt
The minutes of the 2023 Annual Meeting were presented and approved by motion/second of Jason/Jeff. Unanimous approval.
Kevin presented the budget:
   Insurance cost stable elsewhere experiencing 1-2-300% increases
   He was engaging Jack Jaffa to clean up all old violations. Claude said we don't need that. There are very few violations and they were being handled.
  The budget does not include any costs related to the facade work; it is a capital expenditure.
  The budget bottom line showed a small cushion and we might want to increase common charges. Claude said that the Board was more of an opinion that we would assess as needed rather than increase particularly since the facade work cost was a big unknown.
Jeff asked about the cost of Virtual Doorman.  Claude said $2000/quarter.
Jason reiterated that the budget was just a budget and if we wanted to increase we could always do that as needed.
Michael asked about the sidewalk shed cost.  Claude said $1000/month.
Claude presented regarding the facade:
 Claude said that we are in the process of securing access agreements from Con Edison and Fedex and that we had drafts from both.  Also that Con Ed was meeting with our team at their facility for a walkthrough 3/28/24.
Claude briefed the meeting about the hearing that took place in January regarding the Con Ed corner crack and that the city and inspector had confused the con ed corner with the balcony and we lost the hearing.
Michael moved that we waive the election and reinstall incumbents since no one resigned and no one expressed an interest in serving on the Board.  Jason seconded and it was approved unanimously that the Board remain:
Claude Simon
Jason Trubitt
Yaneeke Samuels
Praveen Gulati
Michael Younge

The meeting was adjourned by motion of Claude, seconded by Jeff and unanimously approved at approximately 6:45 pm.
At the meeting of Board Members following the Annual Meeting, a motion to maintain the current Board positions was made by Claude and seconded by Michael and unanimously approved.
That meeting was adjourned by motion of Jeff, second by Michael at 6:50pm.