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Enjoy!
I agree with the 40% reduction and the swimming pool to be converted in something more cost effective than it is now.(Unit 183)
ReplyDeleteThe numbers for 2009 came in with yesterday's Taft package containing the budget to be discussed at the AGM.
ReplyDeleteSo :
- Total revenue: $1,658,094
- Total electricity cost:$599,000
- Total common expenses: 1,103,853
Why are there only 3 Board Members to be elected. Nancy was appointed to the Board not elected 1 vacant...Dan...Nancy...and Michael. Nancy's Position ends at the AGM and there should be 4 people to be elected. Can anyone answer this???
ReplyDeleteI will post previous comment as a new blog entry to easiaer catch surfers' attention.
ReplyDeleteThis is interesting.
ReplyDeleteWe have a hydro bill of 600,000 nearly 50% of the common expenses, a current board of directors who propose a 22% reduction in our fees that equals only 150 for me and more increases on the way.
I figure, take 600,000 hydro bill, divide it 195 units and divide that by the 12 months and I get 256 a month.
Now I'm paying 106 for electric fees extra a month. Its for that light bulb lighting the hallway, the light bulb outside lighting the parking lot, the light bulb lighting the swimming pool, the light bulb lighting the elevator, hmmm lots of expensive light bulbs.
I wonder what we should do, lets vote the current board out, sounds like a good idea.
Then we can figure out how many light bulbs it takes to cost 106 a month in common expense fees!
The total cost of electricty is approx 1/3 of our total maint. fee.... in that fee is all your common element electricty ... Garage liteing, over 200 lights.... hallways500 lites.... pool area.... saunas... showers for units that have tenants who use the showers so they don,t have to pay for illeagle renters.
ReplyDeleteyou have reserve fund money that BY LAW MUST BE KEPT UP... The previous board (Catherine, Dan and others depleted it ) New lighting was installed in the garages that is saving (According to the OARD MANAGEMENT AND ELECT. CONTRACTOR) $30,000.00 A YEAR. Please get your figures right.. If you want a change make it the management. you also have management fees, repairs to the buildings which were neglected during the previous Board time ( Catherine,Dan, Others ) Elect 3 people who have an honest desire to keep costs down and look after ALL people in our complex... es there are some problems but we need 3 people who will look after everyones intrests......
Questions to Catherine and Dan Hu at our AGM
ReplyDeleteThis is the Condo Act Section--- 32
Conduct of business
32. (1) Subject to subsection 42 (5), the board of a corporation shall not transact any business of the corporation except at a meeting of directors at which a quorum of the board is present. 1998, c. 19, s. 32 (1).
Quorum
(2) A quorum for the transaction of business is a majority of the members of the board. 1998, c. 19, s. 32 (2).
For our YCC244 the board member of 5 ,the majority must be 3+. That means any transactions done by only 2 board members is illegal. Even if there were 3 Board members if the 3 rd one was appointed by the left 2 Board members.
So we must ask Catherine and Dan Hu and verify :
1. How many Board members were there on the Board when you signed the contract with the contractor NAN BEI for the swimming pool?
2. How many Board members were there on the Board when you signed the contract with NAN BEI for the stucco project of Building A & B?
3. Why did you sign such big projects with the same contractor NAN BEI and let NAN BEI to sub-contract the stucco project some one else?
4. Was it worth $100,000+ to do the swimming pool? Was it worth using out our Reserve Fund before you step down to do the stucco?
5. Did you guys get money from NAN BEI and other of your contractors, if yes how much? How much per unit owner?
6. Do you want to continue doing crazy things like that by running the Board again?