For more than a year now, unit owners have received only the income statement portion of the monthly financial statements. A balance sheet and statement of the common expense and reserve funds has not been provided. These are required in order for the reader to conduct a reasonable review of finances. These should be provided as soon as possible.

The month to month financial activity in our Corporation is relatively minimal and monthly financial statement preparation can easily be completed and a complete statement distributed by the 15^th of the following month. Unit owners are being provided with financial reports often months after the reporting month has ended. This is not acceptable.

The monthly reports in the past used to include a management report which provided some description of the nature of expenditures. This practise should be returned and included in all monthly reports going forward.

There continues to be not only reluctance but refusal on the part of the Board and management to respond to requests from residents for financial and other pertinent information. The Board is reminded that this is in contravention of the Condominium Property Act. The Board should therefore direct management to promptly respond to current and past requests for such information as per this requirement of the Act.

Over the last several years, Spadina Condominium Corporation, has experienced many problems and issues relating to the mechanical systems in the building. These have included the new hot water heating system, the cooling tower, humidification, the domestic hot water system, etc.

Many of these issues could have been addressed in a much more efficient and effective manner. The most recent issue was of course the fourth failure of the domestic hot water system. Even though the board has been advised on numerous occasions by residents and others, what appropriate action must be taken, the board has failed to act upon this advice and has resulted in a great cost to residents.

The Board as per the wishes of the commercial owner, has refused to replace the humdification system. Should the commercial owner not wish to have humidification in the commercial units, fine, but residents have experienced health related problems over the past few years due to the extremely dry atmosphere in their units. The commercial owner has claimed that the engineer advised the Board that we do not require humidification and that the previous humidifier “didn’t work anyway”. The engineer has in writing and stated at a general meeting just the opposite, that the reason the humidifier was removed and was not replaced was because the Board advised him that they wished to save money on the overall new heating system and therefore he was given instructions to not install the humidifier.  The unit owners had approved albeit without a required special resolution, a heating system which included humidification. The engineer further advised, that at the time of his review, it was only the commercial humidifier that was not working. We have a number of former health care professionals residing in the building and you can be assured that they will acknowledge the health risk factors that exist without sufficient humidification. The residential humidifier must be installed immediately.

It has been suggested that a much different and more responsible approach be taken by the Board in addressing these mechanical issues. Considering the required level of knowledge and experience with mechanical systems, it has been suggested that because our most recently appointed Board member is in fact qualified and experienced in this area, that he be appointed to act as the building operations committee chairman. Questions and concerns of residents may very well then be be addressed with a qualified response.