President's Blog
State of the Union 2018
Hamzeh Roumani, Board of Directors PresidentFebruary 1, 2018 |
A few thoughts to share for 2018 ...
Community Outlook
As you know, Northtown at Grandview comprises three condominium corporations:- MTCC1113: Our townhomes (aka the Casitas).
- MTCC1132: The south tower (aka 88 Grandview).
- TSCC1446: The north tower (aka 880 Grandview).
Property Management
Our current management company is FirstService Residential (FSR) and our contract with them will be up for renewal at the end of February. The Shared Committee has been working hard since mid October to prepare a tendering process that involves several management companies. The work involves reviewing performance, gathering quotations, conducting interviews, and doing reference checks. In the end, Del Property Management has been selected to manage our site starting March 1st. It should be noted that Del managed our site since its inception back in 1995 up to 2015 when it was replaced with FSR.I look forward to seeing Del at our site again. Del is currently in the process of selecting a manager and an assistant manager, and we will notify you once they have been assigned.
Money Matters
As I did in previous AGMs, I will provide detailed breakdowns and charts in the upcoming AGM, but all in all, everything looks good. We continue to see increases in the Shared portion of our expenses (mainly the Shared Reserve Fund contribution) but nevertheless, we managed to keep the condo fee increase the same as last year (i.e. around 6.85%). More details will be sent to each unit later this month.If you have comments about the content, or would like to ask questions, then join the conversation on the forum at this link: Feedback and Comments.
Note: Views expressed in this blog do not necessarily reflect the official position of MTCC 1113. They were written by Hamzeh Roumani, the President of the Board, and reflect his personal take on things.