Roy, Council: great job on putting the revised capital plan together and presenting it. We fully support the approach of using funds from maintenance fees (increased as needed) to the extent possible while both preparing owners for and minimizing special assessments in the future. Hopefully most owners prefer to know where we are going and will support the plan. Thanks for your efforts. John & Linda Baxter
Council's diligence regarding long term planning is greatly appreciated. I too am grateful for all the hard work and collaboration.
An increase in spending 08/09 of $290k from $270,000 to $560,000 is characterized as important to minimize long term costs associated with the complex's structural integrity. Focus on structure and future is comforting.
In order to ensure contingency for capital budget items though in case required when work commences on envelope issues I am curious about whether the following can be deferred: $48,380 cosmetic: courtyard lights $25,000 cosmetic: painting parkade floor $30,000 security: courtyard fence. $26,620 SL (?) : flr resurface squash/lounge
Since these 4 new items ($130k) may not be classified as envelope/structural and are newly being introduced post agm -- what would be the impact of waiting until 2010 to address? What is the likelihood that windows and upper courtyard leaks will require funds above the $50k assigned each? I would not want to see water ingress at windows left unaddressed while lights for courtyard are taking priority.
This question I am sure will be posed at the April 20 special general meeting.
Roy, Council: great job on putting the revised capital plan together and presenting it. We fully support the approach of using funds from maintenance fees (increased as needed) to the extent possible while both preparing owners for and minimizing special assessments in the future. Hopefully most owners prefer to know where we are going and will support the plan. Thanks for your efforts. John & Linda Baxter
ReplyDeleteCouncil's diligence regarding long term planning is greatly appreciated. I too am grateful for all the hard work and collaboration.
ReplyDeleteAn increase in spending 08/09 of $290k from $270,000 to $560,000 is characterized as important to minimize long term costs associated with the complex's structural integrity. Focus on structure and future is comforting.
In order to ensure contingency for capital budget items though in case required when work commences on envelope issues I am curious about whether the following can be deferred:
$48,380 cosmetic: courtyard lights
$25,000 cosmetic: painting parkade floor
$30,000 security: courtyard fence.
$26,620 SL (?) : flr resurface squash/lounge
Since these 4 new items ($130k) may not be classified as envelope/structural and are newly being introduced post agm -- what would be the impact of waiting until 2010 to address? What is the likelihood that windows and upper courtyard leaks will require funds above the $50k assigned each? I would not want to see water ingress at windows left unaddressed while lights for courtyard are taking priority.
This question I am sure will be posed at the April 20 special general meeting.