The Board at this year’s AGM once again clearly demonstrated a total lack of respect for resident questions and requests for information and clarification. Once again after many years the Chairman chose to avoid and not provide an opportunity for residents to present many of their concerns and questions.

1. There were far too many issues that required attention but could not be addressed at the AGM. Many residents advised prior to the meeting that they found the information package they received to be somewht convoluted and obsure. Residents including myself have repeatedly requested a general meeting to be held preferably prior to the AGM in order to ensure that they are sufficiently informed and prepared to commit themselves to any funding proposed by the Board. Any such meeting has been adamantly rejected by the Board and as a result, far too much information has been intentionally concealed and many questions left unanswered.
2. Mr. Beckman chose to reject resident requests for placement of motions on the Agenda. These motions were intended to provide clarification and address confusion issues among residents with the AGM package information package provided to them. By the way, an explanation for the well beyond reason “AGM costs” billed by the commercial owner and management is requested. Clearly it is time to contract with an independent property manager in order to prevent such excessive management fees.
3. Mr. Beckman continues to state that reserve fund expenditures including the costly landscaping project did not require approval of unit owners. This is in contravention of our Bylaws which Mr. Beckman fails to understand.
4. In the 2019 AGM minutes, it was suggested to leave monthly fees as they are with operating surplus to be transferred to reserve fund.  The common expense fund like the reserve fund should maintain a reasonable fund balance to deal with potential unexpected expenses.
5. In the 2019 AGM minutes, when asked why the chiller and pool floor repairs were not included in the Reserve Fund budget, Mr. Barnes advised that “there wasn’t enough money so why would we budget for it”. When there is “not enough money” then there is some budgeting work to do. Further there was a resolution to leave fees remain the same, providing no responsible preparation for substantial reserve fund expenditures that the Corporation was facing.
6. The Board has repeatedly advised in the last several years that the chiller and air compressor are due for replacement. Yet no mention is made of the chiller, pool floor and air compressor in the 2020-2021 reserve fund budget. Further, repair to the center 4^th floor deck, the humidifier, a provision for window replacement, etc. is absent in the current year budget as well. It is totally irresponsible to not even mention these items in the current budget. With the present $220,439 reserve fund balance, an immediate need for these expenditure items may arise at any time. This would result in a reserve fund balance of well below $100,000 which places the Corporation’s finances in their worst position in the entire history of the building. A most unreasonable comment was made by the Board that “certain items had not yet failed and therefore did not appear in the reserve fund budget”. This is obviously not a very responsible position to be taken by any Board.The Alternative Funding Plan as proposed at the AGM can easily accommodate the above expenditures and begin a responsible rebuild of the Reserve Fund. No cash calls are necessary.
7. Yet what does the Board do but issue a cash call due to a clearly insufficient funding plan. I was personally attacked and accused of a “nefarious purpose” in my submission of an alternative plan. The Board was fully determined to make this accusation but refused to explain what was nefarious about the plan that required no cash calls while their plan did. I resent any such “nefarious” allegation. The Alternative Plan clearly was able to rebuild the reserved fund to a reasonable level where the Board’s plan did not. The average reserve fund balance over the past 20 years has been about $200,000 which is what the current balance is at June 30, 2020 but with the real danger of this balance falling below $100,000 should the chiller and compressor fail at any time as there is no budget for these items. The Alternative Plan can accommodate these items and further rebuilds the Reserve Fund to a reasonable level going forward.It is very troubling that other than balcony bracket repair (which is total unnecessary on most floors), there are NO projected reserve fund expenditures for the next couple of years. Never in the history of the building have we had such a most questionable forecast. The Board admits it really doesn’t care as it will simply resort to irresponsible cash calls whenever they wish which is always the result of incompetence or naive and uninformed planning -Toronto Condo News.
8. At the 2019 AGM a reserve fund expenditure in the amount of $15,000 was approved for the vestibule. Yet it appears that in order to obtain additional funds, this project was delayed and projected to now be $30,000 at the 2020 AGM. The Board and management obviously cannot be relied upon for their inaccuracies in budgeting and failure to act on approved expenditures.
9. At the 2020 AGM, the Board avoided many questions relating to insurance claims and payments for substantial damages during the past two years.  A detailed report including related invoice and other supporting documents should be made available to residents.
10. Residents received no financial statements for the months January to June, 2020. When I finally obtained a copy of these following repeated requests, the January, February, April and June statements revealed 12 credit entries to expense accounts totaling $42,951.21. UNFORTUNATELY, no other residents were provided with these monthly financial statements. Further, NO RESERVE FUND REPORTS are included in these very limited monthly reports, depriving residents of their right to monthly reserve fund activity throughout the year.This concealment of financial information from residents is very troubling and is certainly not compliant with responsible financial reporting. The excuse of correcting errors in prior month expenses deserves much more explanation. It is very unfortunate that the Board and management have avoided most relevant resident questions and were unable to provide detail on these credits and any detail and clarity as to the debit side of these entries. Another unusual excuse for June credits was stated by the Board as necessary to correct commercial fees which makes little sense and certainly requires a detailed explanation. Whoever is responsible for these inappropriate accounting entries should be relieved of their involvement in accounting activities of the Corporation.
11. The Board avoided the very obvious need to provide residents with sufficient time to voice their concerns and seek answers to their questions. An appropriate question and answer General Meeting has been requested for this purpose on many occasions only to be rejected with no explanation.  
12. The Board’s position that an $100,000 caretaker was necessary is very misleading. A review of caretaker costs in Canada is available. In Saskatchewan, $34,837 is the average caretaker salary. Obviously, little effort was put into seeking a caretaker at a reasonable cost. The previous caretaker was relieved of most of his duties several years ago and the Board simply allowed contractors to perform his duties, resulting in a substantial increase to our repair and maintenance costs. The Board was foolish enough to have a party for the caretaker upon his departure at a cost of well over $1,000. No responsible Board member would ever approve of this expenditure and more importantly the very poor performance of the caretaker.
13. More than $500,000 in projected reserve fund expenditures in the 2015 reserve fund study were reallocated to after 2025 in the 2020 reserve fund study. Residents seeking reasons for this were attacked for even daring to ask such questions.
14. I have personally expressed my opinion, asked relevant questions and contributed information at many AGM’s. I believe it is very important to permit residents to speak especially when far too many residents remain silent and contribute little if anything to the meeting. I would suggest that residents or their representatives who prefer not to hear relevant comments and questions at these meetings, and have made no attempt to inform themselves with a reasonable understanding of the facts, are unable to make any meaningful contribution to the meeting. With their lack of any reasonable understanding of the facts, they should remain silent until they have informed themselves of the facts and are able to make a qualified contribution to the meeting.
15. Brunsden advised me directly in May that the Reserve Fund Study was in the hands of the Board at that time, yet the Board advised that they did not receive the study until September 28^th.  The meeting was then advised that a draft was received in July. The truth of the matter is the Board had the study from May until September 28^th. Unfortunately new owners did not have the opportunity to review the study when they purchased their units in August and were wrongfully misled and deprived of essential information about their intended purchase. The Board responded to this by simply advising the meeting that these new owners had access to the 2015 Reserve Fund Study to inform themselves. Yet, the meeting was then advised that the 2015 study was no longer relevant. If no longer relevant, why were new owners wrongfully misled and left on their own to rely on a study that the Board deemed to be no longer relevant? This is very troubling with potential legal consequences for the Corporation.
16. A resident at the AGM opined that prospective purchasers of condos in our building are deterred by our unusually high condo fees, a low reserve fund, and the irresponsible policy of unknown cash calls and certainly NOT the state of the lobby or meeting room. To spend some $200,000 on these common areas is simply an attempt to put lipstick on a pig. A recent listing for a 1200 square foot unit in a luxury condominium property in Saskatoon shows monthly fees to be $450 or 1/3 of a similar sized unit in our building. This lipstick will do little to remedy this major financial situation in our building. The best remedy to this serious problem is to implement a responsible FUNDING PLAN that immediately addresses this issue. It was incorrectly stated that I referred to the importance of the “appearance” of the building. I made no mention of “appearance” and only referred to the serious public perception of our property due to high fees and the absence of a responsible predictable funding plan.
17. The issue of in unit common area inspections was avoided by the Board. Tom McClocklin Sr. falsely stated and misled residents by stating that “inspections have been on going and every unit has been checked”. Obviously, Mr. McClocklin has no clue what is going on in the building Mr. McClocklin has admitted in the past that he has no mechanical knowledge so he is not qualified to make any such comment. I have not had any inspection (other than the annual sprinkler inspections) in my unit for some ten years. Regular inspection includes those items outlined in the building manual. As a result, I have experienced major problems with zone valves, leaking windows and plumbing issues that have resulted in damage to my unit.
18. Regarding the lobby projected to be completed at June 30, 2021 ($75,000) there will be $84,706 available at that time leaving a resident only reserve fund balance of $9,706 after the expenditure. Obviously, no cash call is necessary at this time. With the meeting room estimated to be completed sometime in the fall at a cost of $93,390, and amount of $83,684 will be required at that time. Therefore no cash call is necessary until the project is completed about this time next year.
19. Amount presently outstanding and payable by the commercial owner to the Corporation is  $12,240.65 plus amounts to be determined upon a further resident review of invoices to be conducted as soon as possible. Please see attached schedule.