More information about the BHC meeting on April 26
Unfortunately, I seem to have hit some sort of maximum on the blog entry, so here are a few remaining details on the BHC meeting:
We will also be asked to approve bylaw changes that bring the bylaw up to date. These include items such as the new board composition (more public members, more homeowners). You can see all the changes starting on page 20 of the package ...
And there is an important report about administration fees. As per last year's working group recommendations, the BHC board has reviewed the costs related to administering existing properties. In other words, if the BHC did nothing else, what would its annual operations cost? This was done in order to recommend a fair level for BHC homeowners' annual administration fees. The report provides background on the figures, and states that the annual cost in 2011 would be $45,020. It goes on to recommend an increase in annual administration fees to $250 per unit by 2012.
As per the process that came out of the working group, you can expect council to send this proposal out for public input and to hold a public meeting, before making a decision on whether to accept this recommendation.