The Board at the AGM held on Thursday, October 5th, refused to permit Dennis Tofin to attend the meeting. The reason provided for this refusal was that his October 1st condo fees were paid online to Spadina Condominum Corporation just as they have been paid for the past eight years. Canadian auditing guidelines have always recommended that condo fees be made payable to YOUR OWN CORPORATION, and deposited into YOUR OWN CORPORATION’S BANK ACCOUNT. NO COMMINGLING OF FUNDS WITH OTHER CONDO CORPORATIONS!

The Board is even refusing disclosure of our investment account statement which may very well be in the name of a Colliers McClocklin account. It is believed that the Board has used his online payment as a “technical” excuse for preventing Mr. Tofin from addressing the Annual General meeting and revealing comments and special information that the Board DID NOT WANT RESIDENTS TO HEAR.

The Board has become paranoid in recent years to the ongoing revelation of their inappropriate conduct where they have demonstrated many contraventions of our Bylaws and the Condominium Property Act. (Refer to previous posts). Board members must be held accountable. Amended financial statements must be provided immediately due to numerous serious misrepresentations including the lack of a legitimate Reserve Fund Budget. Board avoidance of outstanding and concealed commercial owner arrears payable to the Corporation, must also be addressed and disclosed in the financial statements.

Residents were with no surprise, not consulted as required, nor permitted a vote, for illicit landscaping and signage capital expenditures. Many other issues outlined in the previous post REVIEW OF SCC 2017 AGM REPORT must be addressed as well.