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Changes to Ontario Condominium Act

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On 1 November 2017 the Condominium Authority of Ontario (CAO) was established. The purpose of the CAO is to:

  • Ensure that Condominium Managers (CMG) are appropriately licensed;
  • Tighten the regulatory environment in which condominium Boards operate;
  • Ensure that condominium Board members are properly trained;
  • Set out a system of information certificates and notices to ensure that condominium owners are properly informed of changes and upcoming meetings;
  • Establish a system for the request for information relating to a particular condominium or unit;
  • Institute rules about corporate records retention; and
  • Establish a dispute resolution system, the Condominium Authority Tribunal (CAT).

A summary of the changes can be found in the document here. For those owners who want to dive into the details, there is also an online course, described as “Director training”, offered on the CAO website here.

Your condominium Board is working diligently to incorporate all these changes. We invite you as well to visit the CAO website, and explore around to get a sense of this new environment.

Botanica Q1 Budget Report for 2017/18

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The Q1 Budget Report for 2017/18 can be accessed here. This report shows the revenue and expense budget tracking for the first three (3) months of the 2017/18 fiscal year, as well as the Q1 results for the previous year as a comparator.

Each month the Board very carefully tracks expenses against the budget and makes adjustments to the projected year-end financial position as appropriate.

Updated Windows Replacement Schedule

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You can find the new schedule here. (You must be logged in to see the link).
From the Site Supervisor:

Next week we will be completing units 81, 76, 75, and 84 in the condos. Down at the townhouses there has been an alteration in the schedule due to manufacturing and we will be completing townhouse 4 on Monday and townhouse 16 on Wednesday.

Please direct your questions to the Vp Reserve Fund or the Service Office.