The Annual General Meeting (AGM) for Casitas or the Townhouses (MTCC 1113) will be held on Wednesday, June 16, 2010 at 6:30 p.m. at the Party Room of the 88 building.
The agenda this year includes the usual stuff such as:
• Approval of last year’s AGM minutes
• Director’s report
• Approval of Auditor’s report
• Election of Directors
This year there are two positions on the Board of Directors up for election: one regular position, and one owner-occupied position. The regular position is currently held by Alan Tam, the Treasurer, and the owner-occupied position by Debby Nathanson, the 2nd Vice-President. (Read more about owner-occupied position here.)
There are two candidates who have notified MTCC 1113 in writing of their intention of running for the positions. They are both incumbents. Alan Tam (the current Treasurer) is running again for the regular position, and Debby Nathanson (the current 2nd Vice-President) is running again for the owner-occupied position.
What’s special this year is the proposed four by-laws to be passed at the AGM:
• General Operating By-law
• Insurance Deductible By-law
• Standard Unit By-law
• Mediation and Arbitration By-law
The General Operating By-law stipulates the foundation on which the Corporation and its Board of Directors are to be governed and to operate. And the proposed by-law, if passed, will replace the existing General Operating By-law that has been in use since the registration of the Condominium Corporation. The by-laws were drafted by the law firm Deacon, Spears, Fedson & Montizambert.
The impact of these changes could be immense. However, the AGM package does not provide any explanations why these by-laws need to be replaced, nor a summary highlighting the differences between the proposed by-law and the existing one, thus making it hard for a unit owner to try to understand why such changes are necessary or are in the best interest of the condominium corporation, not that of someone's. Perhaps the current Board of Directors may feel that it’s best to leave legal matters to the lawyers.
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