Wednesday, February 19, 2014

Newsletter Update 5

Newsletter Update 5

Contracts and Savings

PRBOD were able to renegotiate the following contracts:

Management Contract
Old - Canlight Hall Management $103,000.00
New - Simsons Management $82,500.00 (difference of $20,500.00 annually)

Building Insurance
Old - $69,225.73
New - $43,950.00 (difference of $25,275.73 annually)
Please note that our coverage remains the same at $60,000,000.00 and with the same conditions.
Total savings of $45,775.73

Place Royale Event

Place Royale Board of Directors in Collaboration with La Main dan La Main will be hosting an Expo on February 23rd 2014. Time 1-6pm. Location Party Room. Place Royale will be featured in the City of Mississauga Blog and the media have also been invited. Please come and participate.

Welcome to Simsons Management
PRBOD would like to welcome Simsons Management to our building. The office hours are now more convenient for residents; please see schedule below:

Mon: 11-7pm
Tue: 11-7pm
Thu: 11-7pm
Sat: 9-12 noon

Pre-Authorized Payments

Pre-authorized payments are in effect now and you should see the fees for February deducted from your accounts. If you have not submitted your preauthorized payments; please see management office. Thank you for signing up.

New Board Member

PRBOD is pleased to welcome Mr. Mohammad Farmanbar to the board as the fifth member. We are looking forward to Mr. Farmanbar’s contribution to the building. Thank you Mr. Farmanbar for your service.

Place Royale Board of Directors