The Board continues to proceed with ongoing reserve fund expenditures without any respect for the required procedure which includes the participation, review and approval of residents. The Bylaws of the Corporation and the Condominium Property Act, require that unit owners be provided with a Reserve Fund Budget on an annual basis. This budget includes proposed expenditures for the next fiscal year and requires the approval of unit owners. A further provision within the Bylaws, provides that at no time shall reserve fund expenditures exceed the amount approved by unit owners.

Residents must understand that these requirements of the Bylaws and the Condominium Property Act are in their best interest. The ongoing rejection of the Board to respect these laws and simply approve on their own, these expenditures, and then simply demand payment from residents without providing any opportunity for residents to participate in any way other than writing a cheque upon demand can no longer be tolerated. This practice clearly demonstrates both conceit and deceit on the part of the Board.

For those who have read the reports provided by the Board, it is clearly apparent that the Board has their own agenda as to reserve fund expenditures. The participation of residents is unfortunately not on this agenda. RESIDENTS WILL BE SHOCKED BY WHAT IS COMMING THEIR WAY IN YET FURTHER CASH CALLS. Should residents fail to voice objection to this most troubling situation, they will simply continue to participate by writing cheques upon demand.