On March 23rd COF Board Members Terry Gibson and Phil Rosenzweig were invited to he Alberta Legislature to be there when the petition that was launched on February 3rd 2023 was tabled in the House. During that session, which turned out to be the last session of the 30th Legislature, NDP MLA for Edmonton-Riverview Lori Sigurdson was able to ask Affordability and Utilities Minister Matt Jones several questions regarding the affordability program which we see as still inherently unfair to many Owners and Tenants in Multi Family buildings.
Condominium corporations benefit greatly when board members have financial knowledge and follow common-sense financial management processes. Does your condo board include at least one person with financial experience, who can analyze and clearly communicate the condominium corporation’s current and forecast financial position to other board members and all owners?
The predominant concern appears to be that the proposed legislative amendments will create confusion, not clarity, and that passing special resolutions will be made much more difficult and costly in terms of imposing additional administrative requirements. Many of these inquiries have also assumed that calculating the result of a special resolution vote is based on the total number of units in a condominium. As I will explain, this is incorrect.