At the 2026 AGM, owners approved Resolution H.4. to fund three more roof replacements via a Special Levy assessed at $3,000 per unit, with any balance required coming from the CRF. All owners must pay the Special Levy of $3,000 per unit on or before December 1, 2026. An owner …
A week ago we sent out the message below, however a number of units have reported not receiving it. So we are resending the message. If you have already responded, you do not need to respond again. ——- The Minutes from our last Council meeting have triggered a lot of …
The Minutes from our last Council meeting have triggered a lot of discussion regarding special levies vs. monthly fees going up to pay for the cost of new roofs that will be required over the next few years. We have been asked by a number of units to request a …
Budgeting for the upcoming fiscal year will commence shortly. In order to get a good sense of how much extra owners are willing to contribute to the CRF to fund future roof replacements, Council is asking owners to complete the short survey, found here: Budgeting for our roofs.
The strata’s Finance Committee is in need of a new member or two. If you are interested in volunteering, please reply to this email. For info on the committee visit: Finance Committee.
At the 2024 AGM an owner asked a question about the Strata Corporation’s Earthquake deductible. Here’s some more info on the subject. The Strata Corporation’s insurance policy’s deductible for earthquakes is 10% of the strata’s assessed replacement value. This has not changed in the years that I have been Treasurer, …
