About this Event
DURHAM CONDOMINIUM CORPORATION #21 - ANNUAL GENERAL MEETING
Date: NOVEMBER 25, 2024
Time: 6:30PM
Location: 1867 Valley Farm Rd - Chestnut Hill Developments Recreation Complex - O'BRIAN RM B
Join us for our Annual General Meeting where we'll discuss important matters regarding our condominium community. This in-person event is a great opportunity to voice your opinions, ask questions, and meet your fellow residents. Your participation is crucial in shaping the future of our community. We look forward to seeing you there!
MEETING INFORMATION PACKAGES have been sent to each individual unit owner based on your preferred method of communication on file with Eastway Management.
For more information regarding this important meeting, please contact Eastway Property Management:
Blake Slawter, Property Manager ([email protected])
Eastway Management Inc.
250 Water Street Suite 202,
Whitby, ON L1N 0G5
What is an Annual General Meeting (AGM) and Why is it Important for Condominium Owners?
As a condominium owner in Ontario, you’ve likely heard of the Annual General Meeting (AGM), but you may not be fully aware of its significance. Simply put, the AGM is one of the most important events for condo owners each year. It’s a formal gathering required by law, where owners have the opportunity to stay informed, voice their opinions, and influence key decisions that affect the entire condominium community.
What Happens at an AGM?
During the AGM, the condominium board of directors provides updates on the financial health, maintenance, and future plans for the property. Key topics typically include:
- Financial Statements: A review of the condo’s financials from the previous year, including how maintenance fees were spent, and updates on the reserve fund.
- Election of Directors: If there are open positions on the condo board, owners will vote to elect new board members. This is a crucial opportunity to ensure the right people are guiding the decisions that impact your living environment.
- Updates on Repairs and Maintenance: The board discusses any major repairs, renovations, or projects that have been completed, as well as plans for future improvements.
- Reserve Fund Plans: Information on the condo’s reserve fund (money set aside for future repairs and replacements) is presented, helping owners understand how well-prepared the condominium is for long-term maintenance.
- Questions and Discussions: The AGM also provides a forum for owners to ask questions, raise concerns, or suggest improvements, giving everyone a voice in how the condo is run.
Why Should You Attend?
AGMs are a vital opportunity for you to actively participate in decisions that impact your home, lifestyle, and investment. Here’s why attending matters:
- Stay Informed: By attending, you’ll get a clear picture of the financial health of your building, upcoming projects, and how your maintenance fees are being used.
- Have a Say: You can vote on key issues, including who sits on the board of directors and approve the financial statements.
- Shape the Community: The AGM is your chance to raise concerns or suggest ideas for improvements, ensuring your voice is heard when it comes to decisions that affect your living environment.
- Accountability: Attending the AGM ensures transparency and accountability, as the board must answer questions and explain their decisions to owners like you.
Conclusion
Your participation in the AGM is essential to the well-being of the entire condominium community. It’s an opportunity to stay informed, have your opinions heard, and contribute to decisions that protect your investment and improve your living experience. If you haven't attended an AGM before, now is the perfect time to get involved!
We encourage all owners to attend our upcoming AGM, and we look forward to seeing you there. Together, we can ensure our condominium remains a well-managed, thriving community.
Event Venue & Nearby Stays
1867 Valley Farm Rd, 1867 Valley Farm Road, Pickering, Canada
CAD 0.00
