Thursday, December 11, 2014

Zero % increase in Condo Fees

Zero % increase in Condo Fees

Message From Place Royale Board of Directors

Zero % increase in Condo Fees; Effective January 1st, 2015 to December 31st, 2015

Dear Owners:

Place Royal Board of Directors have approved the 2015 Budget which can be picked up from security on Monday 15th December 2014. Please sign upon receipt.

Over the last year, Place Royale Board of Directors have been able to increase our reserve fund to over $1,000,000.00 at the end the fiscal year for 2014.

Place Royale Board of Directors would like to recognize community support and the work that has been done over the last year:

- Passed the Sidewalk Bylaw with outstanding support from the unit owners
- Upgrading the Party Room, B1 East and West Wing Hallways, B1 Washrooms, G Level Washroom without additional financial burden to the owners
- New Energy Efficient Cooling Tower with a 20 year life expectancy
- Increasing the safety and security of the building by installing energy efficient lights around the perimeter of the building
- Replacing drain pipes in the B2 level which were 85% clogged

The Board would also like to recognize the contributions of Simsons Management to the building in terms of savings due to diligence in spending and ensuring that contractors provide the service that was paid for, questioning invoices that seem exorbitant and grouping building maintenance so as to decrease the cost of conducting repairs.
We urge all unit owners to pay their monthly common element fees in a timely manner. This can be achieved by using our Pre-authorized Monthly Payment Plan to pay your fees.  It is the easiest way to ensure the fees are paid on time. Please provide a void cheque to the office to set up your pre-authorized payments. Should you have any questions, please contact the Management Office at 905-279-3235.

Place Royale Board of Directors thank all residents for contributing to the safety of the building, conserving energy and promoting a healthy living environment for all of our neighbours.