EV Charging process

[wor...@finitearts.com]

Hi, folks:

 

I’ve done some research on the bylaws pertinent to our EV charging ambitions:

 

Bylaw 3.3 would allow us to ignore the tighter spending limits if we pay out of Working Capital, not maintenance (our intention).

 

Bylwas 3.2.14 restrict us no matter what to a $5,000 x CPI index = approximately $8,200 expenditure for capital improvements without an owner vote.

 

Installing any kind of charging system will likely exceed the allowance. So — it seems that we will not be installing EV chargers unless we can convince 75% of our fellow owners that it’s a good idea. Big stretch, methinks,

 

— Hal

[Joe Mack]

This gives us time to get aligned. I still think the right thing for the Vaux to do is to put a solution in for EV charging regardless of the current political wind against it. I see the 75% not as an obstacle but as an affirmation to do the right thing. Likely won’t be 2026. Electric charging is the technology of the future and it is the right thing to do and it will improve the investment value of a unit in our condominium. But let’s call it like it is, there is no surging demand for today. We’re in “sell” mode, Selling to ourselves and to the other residents.

--
Officers of The Vaux
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