Newsletter Update 18

Newsletter Update 18

Garage Repair progress report
 
WATERPROOFING THE DECK (Membrane):

The Structural Engineers CION has examined the deck and approved the installation of the waterproofing.
 
WATERPROOFING SCHEDULE:

- Saturday 07th October - Grind the deck
- Sunday 08th October - Grind the deck and prepare for waterproofing
- Monday 09th October - Inspection and installation of waterproofing
- Tuesday 10th - Thursday 12th October - Installation of waterproofing
- Friday 13th October - Inspection
- Sunday 15th October - Completion of membrane and final inspection (weather permitting)

The Waterproofing Crew will be working for 10 days non-stop in order to finish the project. They are expected to work late into the evening and flood lights will be provided if needed.

RESTRICTED ACCESS:

Access to the Visitor Parking and Parking behind the building will be restricted in order to complete the waterproofing. Residents parking at the back will be able to park in Visitors' Parking without a permit during the waterproofing.

Updates will be posted as information becomes available.  

Place Royale Board of Directors thanks all residents for their continued support in improving our property. Thank you.

2016 Condo Fees

2016 Condo Fees

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