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*Sales Representative **Assocate Broker ***Broker In the course of events it might become necessary for the Board of Directors, through poor planning or an Special assessments arouse recriminations, anger sutton groupâ€" 8 t people & properties inc. MA D f, an moerencent memBen BROKER $ 844â€"5000 rS\ :\\§ \E\:x-\fi”â€"\.::t \~:v:§. -::‘:\ :\\:;.\:;.\:. ;:; :\::\ :: TOWN CENTRE REALTY INC. Countrywide 338â€"6550 Wannly Welcomes An expenienced Oakuville Real Estate Sales Professional L 1 se <g oi e S DR V «30 | s «& 5:&:; 'Qs E1 1._:‘ s .‘»»_:g*fi C fls | SAMUEL CURTS ESTATES | 844â€"5000 NORMAN TRASK he -v‘vw-q-z AFFORDABLE LUXURY Prestigious lakeside developme Sales R Call... JEFF PEARCY 338â€"6550 l . JEFF PEARCY 338â€"6550 JEFF PEARCY 338â€"6550 $219,500 $212,850 $224,900 enemeam nermeniater 2P This is commonly called a "special assessment" and there is nothing in the life of a condominium more likely to arouse anger and recriminations than a "special assessment". The raising of money to operate the condo is one of the responsibilities of the Board, and is granted to them under Section 28 â€"(1) (h) "to covern the assessâ€" ments and collection of unforeseen maintenance problem, to raise extra money beyond the amount they would normally have planned for in their budget. $299,900 COULD YOU ASK FOR MORE whwalkout io noot CINDY HUMPHRES® ABBEY, ABBEY, ABBEY $229.000 FAMILY WANTED!! WALK TO LAKE all..ALLAN BAIN 338 6550 JEFF PEARCY 338â€"6550 ALLAN BAIN 3386550 $214,900 $178,800 $169,000 MJ alaDie ntributions towards the common expenses." Each corporation then under its byâ€" laws may state, as it does in my own corâ€" poration, under the heading Extraordinary expenditures: Extraordinary expenditures not contemâ€" plated in the foregoing budget and for which the Board shall not have sufficient funds may be assessed at any time during the vear in addition to the annual assessâ€" ment such further setting out the reasons for the extraordi which shall include 240 North Service Road West Oakville Ontario LGM 282 $339,900 LOOK TO THE STARS! $264,9000 A VIEW TO SEE! New broadloom, bright & spacious Calll..ALLAN BAIN 338â€"6550 .â€" Th 24 by the Board HARBOUR LV RAG CINDY HUMPHRIES® $1,100 mos. ALLAN BAIN 338â€"6550 ALLAN BAIN 338â€"6550 INDY HUMPHRIES® $349,900 $209,900 sessme ACK nt on writte rving yE xY n statement notices of owners Calcony nary assessment, and such extraordinary assessment shall be payable by each owner within ten (10) days after the delivery thereof to such owner, or within such further period of time and in such installments as the Board may deterâ€" mine." However in the case of Somerset Ridge Development Corporation v. Middlesex Condominium Corporation No. 134, the byâ€"laws of the corporation provided that: "If at any time during the course of any fiscal year, the Board of Directors shall deem that the annual assessments of contributions are inadeâ€" quate by reason of a revision in the estiâ€" mate of either expenses or other income, the Board of Directors shall present to a meeting of the members of the corporaâ€" tion duly called a revised budget and if the members approve the revised budget the corporation shall prepare and cause to be delivered to the members a revised annual budget for the balance of such fisâ€" cal year and thereafter monthly assessâ€" ments shall be determined and paid on the basis of such revision." It would seem to me that the byâ€"laws in the Middlesex CC #134 case did not take into account that part of the Act, namely Section. 1.â€"(1) (h) "common expenses", which it describes as "the As I read the Act, there is nothing there to indicate that the owners have the right to question or refuse to pay the required amount. Once the Board sets the fees, common or extraordinary, the only action the owners can take is to pay them CORONA TION PARK BRONTE STYLING Calll...ALLAN BAIN 338â€"6550 10 acres close to ski hill. Call... ALLAN BAIN 338â€"6550 Jcre with poot, pime area eed lot, fin. rec 7ill... ALLAN BAIN 338â€"6550 $500,000 $172,900 $319,900 (See next page)