Thursday, 05 June 2014 22:27

Update From Your Board

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The board has recently approved the budget for 2014/15. It includes a 6.5% increase in the monthly condo fee (the per unit cost goes from $230 to $245 dollars). This is largely due to an anticipated significant increase in insurance costs. However, seeing the exact premium is not yet known, the board may amend the budget once this is settled with the broker. A letter detailing the budget and new monthly fee will be sent to all owners in early September.

Additionally, the board would like to remind all owners that renovations involving the exterior of the building, electrical, plumbing, or changes to interior walls must first have board approval. If in doubt, please contact a board member, our property manager, or use the contact form on this website to let us know about your upcoming project. Completed renovations should also be documented and submitted on the betterments and improvements form that is distributed yearly to owners. This is to ensure the condo has adequate insure to cover any potential damages.

Finally, the board is increasingly concerned about residents not cleaning up after their dogs and leaving droppings around the complex. When this happens the condo corporation must pay for cleanup and lawn repair and this has become a significant cost to the owners. As such, the board intends to issue more, larger, fines for offenders in the future.

Read 1018 times Last modified on Thursday, 05 June 2014 22:35