Deferred Maintenance Liability Requires Immediate Attention!

The cable infrastructure within the building requires upgrading. Problems have been reported to the Board for a number of years now, with no response received. As has been suggested in the past, the Board should be negotiating with Shaw Cable to address this problem. The Corporation may in fact have to contribute to the cost of this repair or upgrade.

A number of years ago, a review of communication infrastructure issues was conducted by the appropriate authorities including the CRTC. As a result of this review, it was determined that the ownership of the communication infrastructure within a building is in fact owned by the property owner. In turn, the property owner could be held responsible for modifications or improvements to this infrastructure.

In any event, the Board is responsible for prompt review of this matter, and ensure that unit owners are provided with a communications infrastructure that accommodates unit owner requirements and complies with current industry standards. This deficiency is a further example of yet another addition to the long list of deferred maintenance in the building.

Therefore, unit owners must ensure, that the Board address ALL DEFERRED  MAINTENANCE projects before any unnecessary and ILLEGITIMATE Reserve Fund expenditures are approved. A halt of the inappropriate RESERVE FUND EXPENDITURES, including those related to the exercise room, must take place immediately, in order to address the growing liability of these DEFERRED MAINTENANCE projects. Some of these deferred projects have been noted in recent posts to this site.

Deferred maintenance and its correction, should be included in the Reserve Fund budget. As unit owners were informed at the last AGM, the treasurer advised that there were no reserve fund expenditures anticipated in the next fiscal year, and therefore there was no need to provide unit owners with a Reserve Fund budget.

Very troubling indeed.