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By-Law Change to Increase Board Members: Survey


Dear Neighbours,


some Residents have asked if it would be possible to increase the number of Board Members from 3 to 5. This By-Law was explored and proposed by the Board in 2015 however, it did not receive enough Owner support and therefore did not pass.


We would like to poll Owners to see if there would be enough support to re-attempt this By-Law change before costs are incurred.


The cost for such a By-Law change is approximately $10,000, which includes the costs of: legal drafting the By-Law, mail-out fees, and meeting fees. This cost would represent an approximate 0.33% increase in maintenance fees.


Please bear in mind that proposing a By-Law change does not guarantee that the By-Law will be voted in by the Owners, so there is the possibility that it would fail again, as it did in 2015. In order for such a by-law to pass, it would require 50% + 1 (242 Owners)of all Owners to vote "yes" to the proposal.


There are positives and negatives to be mindful of when considering whether to re-attempt this By-Law change.

  • Positives: More Directors means more help available, if the additional Directors choose to volunteer beyond the minimum requirement of attending Board Meetings.

  • Negatives: Quorum may be more difficult to achieve, bigger Boards may have more discord, a By-Law costing $10,000 would have to be passed by the Owners.

<<< PLEASE CLICK HERE TO TAKE THE BY-LAW CHANGE SURVEY >>>

All the best,

The Board of Directors of

Emerald City One - TSCC 2368

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City Sites Property Management Inc.
4 Robert Speck Parkway, Suite 380
Mississauga, Ontario L4Z 1S1
T: 905-232-1260    F: 905-232-1270
www.CitySitesManagement.com

TSCC No. 2368

70 Forest Manor Road

Toronto, Ontario M2J 0A9

T: 416-773-1081   F: 416-773-0754

www.EmeraldCityOne.com

While we try our best to maintain the website as up-to-date as possible, it is the responsibility of the Owner/Resident to have the most updated documents from Property Management. Should there be discrepancies between the website and the documents of the Corporation, the Documents of the Corporation will prevail.

"Emerald City One" website designed and maintained by Andreea Birloncea, President of the Board of Directors (TSCC 2368).

"Emerald City" logo is property of Emerald City Developments. City Sites Property Management" logos are property of CIty Sites Property Management Inc., and used with permission. Some pictures of the property kindly provided by Henry Lin, www.424u.com