Post date: Apr 12, 2018 7:37:54 PM
The 2018 – 2019 approved budget together with a breakdown of the monthly & annual portion assessed to each unit was sent out on April 12, 2018. Effective May 1, 2018, the condo fees will increase to $245.00 for the fiscal year May 1, 2018 to April 30, 2019. The increase is to cover increases to reserve fund contributions, snow removal costs, and proceeding with Bylaw review as well as to cover the cost of inflation.
Those Owners currently on pre-authorized payment (PAP), the new fee of $245.00 will be automatically withdrawn effective May 1, 2018. For those who are utilizing cheques, please forward the postdated cheques in the amount of $245.00 from May 1, 2018 to April 1, 2019 payable to Mosaic of Elgin Hill to Montgomery Ross. Please ensure your unit number is clearly marked on each cheque.