The motions proposed to amend our Corporation’s Bylaws, are most obviously, very shocking and well beyond reason in the minds of those residents who have any respect for common moral and ethical behavior. It is obvious that the intent of these motions is to attack and denigrate the integrity of myself, Dennis Tofin. I will never accept any criticism for my revelations of factual illicit conduct and disrespect for the law by our Board of Directors.
It is unfortunate that some residents, who may not understand or appreciate the laws established to ensure responsible governance of our Corporation, have failed to appreciate the vast extent of many breaches of conduct by our Board in respect to these governing laws.
Such breaches on the part of our Board, of both our Bylaws and the Condominium Property Act, are well deserving of address. Most unfortunately, some of our residents prefer to rather than contribute to responsible address of these issues, choose to turn the other way rather than respect and seek an understanding of the facts surrounding such illicit conduct.
I personally, will not condone the clear disrespect of our Board for their failed adherence to the laws which govern all unit owners. I will continue as long as I reside in this building, to express my opinion and reveal the facts as they relate to any such conduct that disrespects residents and contravenes our laws.
Our Board has in recent years, IN FULL CONTRAVENTION OF OUR BYLAWS, spent well over one million dollars of owner funds, which was not legally approved by unit owners as per the provisions of our bylaws, but was in fact funded with illicit CASH CALLS with approval not by unit owners, but by the BOARD ONLY.
Residents, who have accepted without question, lacking and misleading information, have been assessed in the past few years, in contravention of our Bylaws and the Condominium Property Act, with illegitimate (as per our Bylaws) CASH CALLS, for this one million dollar plus boondoggle. Now residents as of the 2017 AGM, are being further subjected to the Board’s continuing demands for further illicit cash calls. This has left our Corporation in a very troubling and precarious financial position today and going forward.
The required amendment to our financial statements will reflect a Reserve Fund balance of approximately $175,000 versus the reported $343,227. How could there be such a major and misleading discrepancy in our financial statements? The same discrepancy occurred in the 2016 financial report as well! These are major and very troubling discrepancies! Just how long will residents remain silent when is they who pay for this illicit reporting of residents funds!
A further General Meeting must be held in the near future to address the many issues which cannot be addressed with the usual rush to adjournment by the Board. If residents deem themselves to be morally, ethically and financial responsible individuals, they will demand that the Corporation cease such illicit activity and withdraw these most disrespectful motions which are clearly intended to silence any opposing voice in support of democracy.
I respectfully submit that this report along with my response to the Dielschneider motion, be accepted and reported in the 2017 AGM minutes, as was the Dielschnieder motion included in the minutes of the 2016 AGM.