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Emergency Issues
TSCC 2510 (ICE condominiums) Being the largest Condominium Corporation* in Toronto, the high value contracts should be compared to similar condos in the vicinity, it is very important for the Board of directors and the management company to follow through with the best practices and be able to show it to the owners.
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Here is a comparison on a per square ft, note that ICE condo owners are paying 30% more for the same services. ICE condos does not even have visitor parking.
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The Board needs to ensure complete transparency with the owners when they are operating on behalf of the owners, specifically on the following fronts:
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- Receiving value for Condominium's money.
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- Selecting contractors in a fair and accountable manner
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- Taking steps to prevent inappropriate payments and fraud
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So far the owners have only seen a regime of secrecy and one upmanship from the board and the management, so much so that the all owners were taken to the court at the expense of owner's own funds for organizing an owner requisitioned meeting.
A simple comparison of major expense items from the budget of a similar sized condominium shows a difference of almost two million dollars.
The questions for the board:
1. Board must do its due diligence in calling new bids.
2. Contractors must be kept away from Condominium elections.
3. How much of owner's funds were spent on taking the owners to the court in October 2020 ?
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4.Provide the reason for rejection of so proxies at the AGM must be disclosed to the owners and proxy holders.
5. Be proactive in disclosing any shortcomings in the proxies before hand.
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6. Owners must not be muted at the owner's meetings
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7. There should be a process of appointing "scrutineers" even at virtual meetings.
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​​​8. Board must take the initiative to call for a benchmarking review of the condominium expenses
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​10. What is preventing the board from calling for bids for all inclusive contracts for the services that are costing the owners substantially more money by using contractors on ad-hoc basis ? for example plumbing services.
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11. Why it the turnover meeting not being called despite being reminded by the Justice of the Superior Court of Ontario in the October hearing ?
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12. What are the names of owners who attended the AGM in person and by proxy ?
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13. The Board could make a new by-law that calls for ensuring new bids are called for each major contract at least once a year
14. Place a proper governance on the outstanding issues of building maintenance, despite owner's maintenance requests being unresolved for years
