Condo Smarts: Council asks for funding before getting cost quotes

Dear Tony: Our strata council presented two resolutions at our annual meeting last week to approve $100,000 for a new roof and $68,000 for balcony membranes.  The council included these because they were recommended to be replaced in 2017 and it plans to have the work done through next summer.  The problem is that no one knows what the real amount is going to be. Will it be more, less, require additional services or require a special levy to meet any of the differences we can’t fund?      Read the article………….

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