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Board reviews $400,000 wire-transfer reconciliation and account status
Summary
The Chair explained a prior $400,000 wire transfer required dual signatures and a partial release of condominium assets; one $400,000 payment returned to Michael Goldberg and a new $400,000 deposit is now held in a bank account for the board's use.
The Chair summarized a multi-step reconciliation related to a prior $400,000 transaction: electronic signatures were required, a partial release allowed condominium sales that helped conclude a multi‑year issue, and funds were moved back to an individual named Michael Goldberg before the board placed a new $400,000 in an account for its use.
"The JP $400,000 went back to Michael Goldberg, and, the new $400,000 is in a trust account there at the bank," the Chair said, describing how the board received the funds and retained copies of the relevant releases. Board members agreed the outcome was satisfactory and confirmed copies would be filed.
