Incompetent strata councils pose a threat to the financial and emotional security of condo buildings [2ba9188f]. Personal agendas, bias, and incompetence are chronic issues among condo boards [2ba9188f]. Risk management and preventative maintenance are crucial to avoid disasters and mismanaged liabilities [2ba9188f]. Instances of harassment and criminal behavior have also been reported [2ba9188f]. The article also mentions the sale of a condo by B.C.'s premier and the declaration of two buildings in Edmonton as municipal historic resources [2ba9188f].
At the last Turlock City Council meeting, an audit of the Housing Department revealed a decade-long misuse of millions of dollars of public funds [0b36d511]. Vice Mayor Franco expressed concerns about the department's lack of adherence to accounting principles, failure to follow HUD guidelines, absence of policies and procedures, delayed fund disbursement, failure to follow conflict policies, and lack of proper documentation [0b36d511]. The audit found multiple problems with each audited property, including rehab costs exceeding the property purchase price, lack of oversight on work completion, payments made before invoices, and vacant properties without a plan [0b36d511]. The Vice Mayor emphasized the need for investigation and change, calling the situation a fiasco [0b36d511]. The letter questions why the Turlock Journal has not reported on this issue [0b36d511].
Residents of a condominium complex in Kanata's Katimavik neighbourhood are facing a $600,000 repair bill for railings and leaking glass solariums [b76963db]. The owners were warned last September that a special assessment was coming, but only learned the amount three months ago [b76963db]. They now have less than three weeks to pay their share [b76963db]. The repairs are necessary to fix decaying wooden exterior features, leaking seals around sunrooms, and safety barriers that are no longer in compliance with building codes [b76963db]. Some residents are struggling to come up with the money and are considering moving [b76963db]. The condo corporation has warned that if owners don't pay by the deadline, a lien will be placed on their property [b76963db]. This is the third major special assessment bill that some owners have faced since buying their units [b76963db]. Condo corporations in Ontario are required to conduct annual reserve fund studies to determine if they have enough cash to cover repair and maintenance expenses [b76963db].