2016 Condo Fees
Effective January 1, 2016 to December 31, 2016
Dear Owners:
Place Royale Board of Directors has worked diligently to ensure that the First Phase of the Garage repairs be completed without any financial hardship to the residents. This being said, many residents are very concerned about whether condo-fees will be going up due to these repairs and by how much. It is with this concern in mind that Place Royale Board of Directors has decided to release the budget information a little earlier this year.
With our growing reserves and careful consideration of projected costs, Place Royale Board of Directors has decided to keep Condo Fees at Zero Percent for a Third Year in a row. The 2016 Budget package will be available for pick up at Security on November 07th 2015.
NOTE: With our major operating costs being Hydro, Heat (Gas) and Water: Place Royale Board of Directors would like residents to understand that your ability to reduce wastage will impact on our ability to maintain our current zero percent increase.
Happy Holiday Season and a bright and prosperous New Year!
Sincerely,
Dev Maharaj
President Board of Directors