June 27^th, 2019                                     WHY DOES THE BOARD                                                                           REFUSE TO RESPOND?                                                                            WHY NOT ASK THEM?

SPADINA CONDOMINIUM CORPORATION

730 Spadina Crescent East

SASKATOON, SK

S7K 4H7

Attention: Board of Directors

Dear Sirs:

Again in 2019, the Board has refused to respond to many questions and inquiries of residents regarding various issues, financial in particular. Residents are fully entitled to a reasonable response to these questions. I am hereby requesting such reasonable response from the Board to these questions which include the following:

1. The notes to the financial statement presented at the 2018 AGM stated that “during the year ended June 30, 2016 the organization made a motion for a special assessment of $950,000 to be placed into the Reserve”. Why does the Board continue its refusal to provide a copy of this resolution? Why is the word organization used rather than Corporation? 

2. Why does the Board refuse to provide a copy of the unit owners resolution approving the major landscaping and signage CAPTIAL expenditures or its means of funding as is required by our Bylaws? Why were residents not consulted and not provided with an opportunity to vote on this capital expenditure? 

3. Why has the Board always and continues to adamantly refuse to provide a copy of legally required resolutions approving reserve fund expenditures for the elevators $300,000 plus, parkade surface replacement $750,000 plus, and even the boiler expenditure of $1,000,000 which was rejected by some 80% of residents? 

4. Why has the Board refused to provide in addition to a monthly operating statement, a monthly reserve fund statement and balance sheet where residents can at least see where and when the substantial and UNAPPROVED reserve fund expenditures are being made using resident funds? 

5. The Board has been advised of the last resident review of 2015 invoices which revealed numerous and most shocking findings. These include amounts owing by the commercial owner to the Corporation in the amount of $11,625.85 which they refuse to pay. This amount includes costs of their renovations paid by the Corporation and the commercial share of common expenses that they refuse to pay. Why does the Board not insist upon immediate payment of $11,625.85 by the commercial owner?

6. During this same resident review, a further $13,000 in illicit and illegitimate expenses were paid by the Corporation and described previously. Why has the Board refused to provide any reasonable response as to why these expenses were paid by the Corporation? 

7. Just prior to this resident review, the Board was presented with an invoice from the commercial owner for the cost of renovating the entrance to their condo unit #1. The Board has refused to respond to my request of confirmation as to who in fact paid for this. Why does the Board continue its refusal to respond to this or any other expenditure which is questioned by resident unit owners? With some $35,000 to $40,000 of expenditures at question in just this one resident review, how much more illicit and illegitimate spending of resident money has taken place since? Why have resident Board members simply acted like silent lambs? 

8. At the 2018 AGM, residents requested that a further informational meeting was required relating to the proposed “permanent” roof anchor expenditure of over $100,000. Such an expenditure is capital in nature and requires a special resolution where a private polled vote ensures a confidential vote of unit owners. With no call for the requested general and informational meeting for the next six months, why did the Board suddenly call for a most inappropriate vote on the matter, refuse to consult with residents and conduct a voting procedure permitting no resident an opportunity to speak to the motion or request a private polled vote? 

Spadina Towers is in a very questionable financial position. Illegitimate and illicit us of reserve funds has resulted in unnecessary cash calls for a number of years. The price of units in the property has been severely impacted to the downside as a result. Who will buy a unit in this building where the Board at their own will, repeatedly spends resident funds without resident consultation and legally required approval and yet further, continue to demand ongoing cash calls?  I and other residents are fully entitled to a prompt and meaningful response from the Board to each of the above questions. Further, a resident review of invoices (2016-2019) must take place prior to preparation of the 2018-2019 year end audited report so that residents can be assured of a fully accurate and transparent report. Deception and intentional concealment is as you know a very serious matter. I am requesting that the Board advise me immediately as to when a review of all invoices and relevant financial records can take place by those residents who wish to participate in the review.

Yours truly,

Dennis Tofin