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This information session will cover topics including reserve fund study updates, the June 2017 - May 2018 budget, and other items of interest. There will be an opportunity for questions and general reminders.
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CENTRAL 1 O.C.S.C.C. No. 903 Information Session – June 14, 2017
Agenda • Introductions • Reserve Fund Study Update • June 1/2017 - May 31/2018 Budget • Items of Interest • General Reminders • Questions (any time)
Introductions Board Members • Marty van Gaal (term ending Fall 2018) – President • Rick Butson (term ending Fall 2017) – Secretary • Krista Nonnenmacher-Biddiscombe (term ending Fall 2019) – Director Property Manager (Taggart Realty Management) (1 year contract – May 31, 2018) • Michelle Compton (email: mcompton@taggart.ca) • Viktoriya Neadow (assistant) Concierge (employee of the Condominium Corp) • Patrick Lebrun (email: conciege@central1condo.com)
Reserve Fund Study Objective • Set up a schedule for the anticipated repair and replacement of common element items • Create a special account for major repair items and replacement of common elements and assets of the Corporation • Determine the annual contribution necessary to maintain an adequate balance - for the 30 year period of the study • Satisfy the legislation regarding the Condominium Act, 1998 and related regulations • Follow Investment Rules • All investments must be 100% guaranteed • Federal or Provincial (no limit), Banks ($100,000 CDIC insured) • Update study every 3 years (paper followed by full inspection) • Paper Study - spring of 2016 (completed) • Full Study – spring 2019 • Study cost is paid from the reserve fund
Reserve Fund – Plan and Financial Summary • 2016 Paper Study Completed • 2% increase for next 3 years • assumption of 2% inflation and 3% interest for next 30 years • Current Non Audited Balance as of May 31, 2017 - $1,449,728 • investing in 1to 5year GICs • All Withdrawals to date • $28,713 Gladstone Garage Door Replacement • $2,170 for 2016 Paper Study • $52,805 for Parking Garage Membrane Repair on ground level and ramp • Planned Withdrawals in 2017-2018 • $7,600 for Treadmill Replacement • Spandrel Glass Replacement (investigating options) • Painting of High-Traffic Areas (P1, P2 and Ground lobbies, 2nd floor hallway, amenity room)
Other Items of Interest • AGM – November 15, 2016 • New rules • rolling screen door • bike tags (free) – control abandoned bikes • Saturday moving ($) and use of McLeod elevator • locking ring (for bikes) in parking spaces • Pet wording (dog to pets) • Christmas Lights on railing • Proposed Bylaw and Rules: • To reduce insurance cost – change to standard unit description and deductible • Smoking Survey – not conclusive, 50/50 • Canada Post Lockers – P1 and P2 • Investigating new rules for Parcel Pick-Up • Garbage Chute issues and options • Success - Gladstone Garage Door replacement • Agreement with Central 2/3 for sharing after-hour coverage • Gladstone Garage Door coded door entry device (bikes, foot traffic) – will change code • Building appraisal for insurance – increased from $54.5m to 69.4m (increase of insurance - $55,263, higher than budgeted) • 24/7 monitoring of 10 floor mechanical room • FOB audit • Rented new storage locker ($136 per month) and small parking space in P2 ($75/month), investigating possible additional storage space rentals
Other Items of Interest (continued) • Bars for Real Estate lock boxes (Gladstone/McLeod drive through area) – other real estate boxes in and around building will be removed • Minimum of 6 Month Leases • Short term use of units (e.g. Air BnB) not allowed • Issues with HVAC (heat pumps) in Units – Unit owner responsibility • Monitor installed at Gladstone Desk – visibility of security guard • Improved security, investigating installation of additional cameras on all floors (at elevators and in garbage rooms) • Purchased rowing machine • Facebook cleanup • New plants (Gladstone), investigating options for Courtyard plants • All unit doors MUST be on a Condo Master Key system (Abloy or Schlage) • Deputized Concierge and Board Members to issue by-law parking infraction tickets • Clothing and bottle deposit donation boxes • Central 1 residents are not entitled to the use of Central2/3 facilities • P2 washing station – hose damage • Options for gate at diesel fill-up area • Amenity Room – free booking for Central 1 community events • Flushing of Drains
Other Items of Interest (continued) • Scheduled Items • Regular Maintenance (every 2 months) • Garage Doors, Garbage Chute/Compactor, Boilers, Closed Water Loop, Fitness Equipment, Elevators, Landscaping • General Cleaning (7 days per week, 5 days - entire building – 2 days - elevators and lobbies) • Carpet Cleaning (entire building 2 times/yr, 2nd Floor 4 times/yr) • Spot cleaning between • Window Cleaning (annual) • Garage Floor Cleaning (spring and fall) • Painted new lines • Painting of new numbers is coming • Investigating cleaning of pipes • Weekend Security (Friday and Saturday – 7:30pm to 2:30am, Sunday 7pm to 11pm)
Communication • Owner to Owner for issues that are impacting each other (e.g. noise, general water leaking/damage, smoke) • ONLY the owner (except for emergencies) is to communicate with the Property Manager • Owner can make a request to communicate with the Board (via Property Manager) • Renter – (except for emergencies – e.g. water leaks) report issues/concerns to their LANDLORD ONLY • Owner is responsible to communicate the name (s) and contact information of their tenant to the Property Manager and provide a copy of the lease • Owner is responsible for the actions of their tenant (notices and fees), including parking and storage lockers • Owners are responsible to inform their tenant of declarations, bylaws and rules • Serious problems in a unit (e.g. fire, major water spill) that will seriously impact other units are to be reported immediately (911, Concierge, Property Manager, After-Hour Emergency Line)
Communication (Continued) • Communication with Concierge • Booking the Amenity Room and Elevator (for moving) • Reporting possible Declaration, Bylaw and Rule infractions • Parcel pickup • Reporting Common Element Issues (e.g. Garbage Room/Chute, Amenity Room – AV system, Fitness Equipment, Garage Doors) • Changing Unit Lock Cylinder (must stay on building master key system) • Not involved with issues within the unit (e.g HVAC and thermostats, HRV) or issues from other units (unless deemed an emergency) • Hours at Gladstone Desk (between these hours, somewhere in building) • Monday to Thursday, 8:00am to 8:30am and 4:30pm to 5:00pm • Friday, 8:00am to 8:30am and 2:30pm to 3:00pm • central1condo.com • Booking forms (elevator, amenity room) • Abloy cylinder order form • General Information (e.g. programming thermostat) • Declarations, Bylaws, Rules • Amenity Room Booking (must book if 8 or more in attendance) • Contact Information
Volunteers Wanted! • Landscaping • What to do with Courtyard and Gladstone • Ongoing maintenance (spring – summer – fall) • Enercare Replacement Options (notice by April , 2018)
Reminders for Owners and Residents • Reminder notices will be issued to residents/owners, followed by warnings, administration fees, etc. • Balconies/Terraces • Permitted: Plants (completed form to property manager), Screen Door (completed form to property manager) quality seasonal furniture, electric barbeques only • Not Permitted: items on hanging on railings, gas/charcoal barbeques, bikes, non-patio items (e.g. tires, picnic coolers, sports equipment, boxes), non-outdoor rugs, camping chairs, dead plants, laundry racks/clothes drying, pet litter pans/grasses, etc. • Weeding of terraces is an owners responsibility (extra strength vinegar) • FOBs and Garage Door Remotes - can not be sold without PM approval • Parking Spots • No storage of any items, only bikes allowed. • Can only be rented to residents and sold to unit owners • Noise & Disturbances: • All residents are entitled to quiet enjoyment of their unit. • Report disturbances to Concierge/Security Guard • Keep Log and Report to Ottawa By-Law (3-1-1) • City Councillor (Catherine McKenny) for issues outside the building (613-580-2424) • Bicycles – not allowed on balconies/terraces nor in elevators or lobbies • Water floods – largest condo insurance claim - locate your units water shut-off – normally in back of bathroom vanity panel
Reminders for Owners and Residents • Smoking: • Not permitted in any common area, including 2nd level courtyard and stairwells • Do not throw cigarette butts from balconies • Dispose of cigarettes in disposal receptacles (e.g. not in plant pots) • Control Your Pets: – Not allowed in Courtyard, Fitness Room, Amenity Room. • Must be on leash in all other common element areas of the building (ingress and egress) – “No dog business” on exterior landscaping beds, exclusive use common element balconies/terracesand neighbouring properties • Damage & Theft: • Residents are responsible for the actions of their guests • Theft and damage of condo assets cost everyone • AV System, Damaged Walls, Pool Table, Fire Exit Map, Fire Extinguishers, Glued Door Bolts, Open Fire Hose
Reminders for Owners and Residents • The Condo Corporations responsibility ends at a unit door. The owner is responsible for all items within their unit, such as • Entry Doors - handles/locks • Patio/Terrance Doors – inside hardware • Replacement and/or cleaning of filters • Issues with the HRV (Heat Recovery Ventilator) and HVAC (Heating, Ventilating and Air Conditioning) • Items related to interior plumbing and fixtures • Noises generated from within the unit • Wood flooring • Importance of Unit Owner’s carrying their own personal insurance • Provide a copy of the standard unit description and corporation’s updated insurance certificate to their insurance company to ensure that you are properly covered • Included with your purchase and sale documents • Can request documents from our Property Manager