re. previous e-mail from December 18, 2009
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Janet Hayes
Dec 19, 2009, 3:39:54 PM12/19/09
to Board of Directors, 148soud...@googlegroups.com
Board of Directors,
I was able to get a copy of the minutes from the October 2009 annual meeting from one of the co-owners.
Re. the increase to the reserve fund. My understanding was that the board was to call a meeting of the co-owners in December 2009 to discuss this increase before it was finalized. Instead, the report states that "effective January 1, 2010, the assessment to the owners for the common expenses will increase by 14%." This increase is less than 2 weeks away & there are co-owners who may be on tight budget & such an increase has not given them enough notice to pay this increase.
Why have we received such short notice? Is this a decision that the Board can make without a vote by the co-owners?
As noted I have copied those who are members of the co-owners intranet at 148 Soudan.
Thank you for your attention.
Sincerely,
Janet Hayes
Apt. 409-148 Soudan Ave.
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carol jane julian
Dec 21, 2009, 7:49:57 AM12/21/09
to 148soud...@googlegroups.com
Thank you Janet for bring this up.
I was also under the impression that this increase warranted further discussion. I will certainly find it very difficult to pay this increase as a single mother with a mortgage, especially with another levy pending re: the repairs to the garage and balconies. I also wonder why owners without a balcony and a parking spot would have to pay as much for this as those that do. Shouldn't it be proportionate to the facilities that the owner has?
I would appreciate answers to these questions.
Regards,
Carol Julian
Apt 105.
Date: Sat, 19 Dec 2009 12:39:54 -0800
From: ccr...@yahoo.ca
Subject: re. previous e-mail from December 18, 2009
To: soud...@yahoo.com
CC: 148soud...@googlegroups.com
I was also under the impression that this increase warranted further discussion. I will certainly find it very difficult to pay this increase as a single mother with a mortgage, especially with another levy pending re: the repairs to the garage and balconies. I also wonder why owners without a balcony and a parking spot would have to pay as much for this as those that do. Shouldn't it be proportionate to the facilities that the owner has?
I would appreciate answers to these questions.
Regards,
Carol Julian
Apt 105.
Date: Sat, 19 Dec 2009 12:39:54 -0800
From: ccr...@yahoo.ca
Subject: re. previous e-mail from December 18, 2009
To: soud...@yahoo.com
CC: 148soud...@googlegroups.com
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Janet Hayes
Dec 21, 2009, 9:09:03 AM12/21/09
to 148soud...@googlegroups.com
Hi Carol,
I don't have a car either but I think that because these are considered common elements that all co-owners have to pay, even those who don't have any of the above.
It should be interesting to hear their excuse for giving us less than 2 weeks notice re. the 14% increase.
Janet --- On Mon, 12/21/09, carol jane julian <caro...@sympatico.ca> wrote: |
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Lisa Hepburn
Dec 21, 2009, 3:57:43 PM12/21/09
to 148soud...@googlegroups.com
Hi Janet & Carol,
I've lived in the building a long time now and have never owned a car so I did raise the question about having to pay for garage repairs when we had to replace the ramp way way back.
The reason is because you own a percentage of the building not just your unit and anything building related has to be paid by all, regardless of whether it is the garage or the balconies. I know this is rough but that is one of the things living in our building and it being a coop.
I never received any minutes from the meeting yet but I remember a conversation about having to build up the reserve fund, so to me it wasn't a surprise getting the increase and I remember thinking that for 2010 I'd have to pay roughly an extra $200 a month for the garage and the reserve fund. So hopefully the garage isn't really more than another $100.
Just my 2 cents worth.
lisa
Date: Mon, 21 Dec 2009 06:09:03 -0800
From: ccr...@yahoo.ca
I've lived in the building a long time now and have never owned a car so I did raise the question about having to pay for garage repairs when we had to replace the ramp way way back.
The reason is because you own a percentage of the building not just your unit and anything building related has to be paid by all, regardless of whether it is the garage or the balconies. I know this is rough but that is one of the things living in our building and it being a coop.
I never received any minutes from the meeting yet but I remember a conversation about having to build up the reserve fund, so to me it wasn't a surprise getting the increase and I remember thinking that for 2010 I'd have to pay roughly an extra $200 a month for the garage and the reserve fund. So hopefully the garage isn't really more than another $100.
Just my 2 cents worth.
lisa
Date: Mon, 21 Dec 2009 06:09:03 -0800
From: ccr...@yahoo.ca
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Janet Hayes
Dec 21, 2009, 4:16:16 PM12/21/09
to 148soud...@googlegroups.com
Hi everyone,
Yes, there was talk about building up the reserve fund. I remember the conversation also. What wasn't discussed was what the possible increase would be & when. The Board should have mentioned what could the increase could possibly have been even though they may not have known themselves. 14% is a huge increase & one that some owners may not be able to pay with only 13 days notice.
Also, those who are acting on our behalf should be keeping us informed....sooner...rather than later. As I mentioned in the previous e-mails, if there wasn't going to a co-owners meeting before the end of the year, then we should have been told, as we were told that there would be one.
Perhaps at the next meeting, everyone who has access to e-mail can give the Board their e-mail addresses & they can contact us as soon as they know what is going on. We can then be better prepared. It's a suggestion that I will present to everyone at the meeting.
So, I guess that we will enjoy the festive days ahead, the time off (if you get it) & then prepare ourselves for what lies ahead......with this building & the repairs.
HAPPY HOLIDAYS EVERYONE!!
Janet --- On Mon, 12/21/09, Lisa Hepburn <hepbu...@hotmail.com> wrote: |
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