Greetings fellow 443 Nassau Street residents!
It’s the middle of winter and fortunately we are not yet dealing with the major amounts of snow that arrived last time around. Last year’s polar vortex also hasn’t been such a major factor, but it is certainly cold! Your Board of Directors met on January 7 to discuss condo business, and we want to bring you up to date on our discussions and plans for 2015.
· A summary of Board activity for 2014 was presented and included the change in management company, insurance cost savings with a new provider, summer BBQ, improvements to all units such as new outdoor front and rear lights, new vinyl front doors, repainting of unit numbers white for better visibility, and more.
· The property manager highlighted the requirement for indemnity agreements when changes are made to common elements and exclusive use common elements. Unit owners also sometimes forget that Board approval must be obtained before any changes to common and exclusive use common areas such as decks and patios can be made. The Board could require that the unapproved change be removed. Even when the change is approved, the Condominium Act and declaration specifies that an indemnity agreement be drawn up to indicate that maintenance of the change is the responsibility of the unit owner and not the condo corporation. Otherwise we would all be paying to fix something that one unit owner wanted changed for their exclusive use.
· A presentation was made on the recent reserve fund review, and likely repair and replacement projects resulting from the recommendations were discussed.
The Board report can be found here:
· The property manager highlighted the requirement for indemnity agreements when changes are made to common elements and exclusive use common elements. Unit owners also sometimes forget that Board approval must be obtained before any changes to common and exclusive use common areas such as decks and patios can be made. The Board could require that the unapproved change be removed. Even when the change is approved, the Condominium Act and declaration specifies that an indemnity agreement be drawn up to indicate that maintenance of the change is the responsibility of the unit owner and not the condo corporation. Otherwise we would all be paying to fix something that one unit owner wanted changed for their exclusive use.
· A presentation was made on the recent reserve fund review, and likely repair and replacement projects resulting from the recommendations were discussed.
The Board report can be found here:
2014_report_december_10_agm_bod_report.pdf | |
File Size: | 51 kb |
File Type: |
The Reserve Fund study presentation can be found here:
2014_reserve_fund_study_matthews_glen_dec_4_2014.pptx.pdf | |
File Size: | 1961 kb |
File Type: |
Potential Improvements from Reserve Fund Study
Several areas were identified as in need of attention and the Board is proceeding to review each of them. First, several of the wooden elements like the dividers between the front patios are deteriorating and in need of replacement. It may be possible to replace them with something made from material that could last longer. Some of the foundation walls require parging of sections that have deteriorated and this work is expected to be done in the spring.
The most noticeable change is likely to be the decks. Most have reached the late stages of their expected lifespan and the Board is looking at replacement and possibly expansion for some units depending on potential building fees for enlargement. The goal is to standardize as much as is possible. Stay tuned!
Several areas were identified as in need of attention and the Board is proceeding to review each of them. First, several of the wooden elements like the dividers between the front patios are deteriorating and in need of replacement. It may be possible to replace them with something made from material that could last longer. Some of the foundation walls require parging of sections that have deteriorated and this work is expected to be done in the spring.
The most noticeable change is likely to be the decks. Most have reached the late stages of their expected lifespan and the Board is looking at replacement and possibly expansion for some units depending on potential building fees for enlargement. The goal is to standardize as much as is possible. Stay tuned!
Email
Contact a member of the Board: [email protected]
Please continue to contact representatives of our management company, Shabri Properties, for any emergencies or issues that require their attention. You can reach Paul Grayley or his assistant Diane Campbell:
[email protected]
[email protected]
Phone: (905) 684-6333
Web site www.443nassau.weebly.com
Contact a member of the Board: [email protected]
Please continue to contact representatives of our management company, Shabri Properties, for any emergencies or issues that require their attention. You can reach Paul Grayley or his assistant Diane Campbell:
[email protected]
[email protected]
Phone: (905) 684-6333
Web site www.443nassau.weebly.com
Your Input
We welcome your thoughts and input on all the above.
Your Board of Directors,
Viki (Unit 2), Nina (Unit 4) and Geoff (Unit 21)
We welcome your thoughts and input on all the above.
Your Board of Directors,
Viki (Unit 2), Nina (Unit 4) and Geoff (Unit 21)