The McLeod BuildingThe Year in Review 07/ 08*

*Historical Review

• Developer to managed to self managed

• Records in various places• Legal actions• Safety Issues• Dedicated residents and

an Edmonton heritage

*2007-2008 Board

• Consolidation of records• Review of management options• Construction of financial budget

& systems• Update on legal actions• Creation of positive community

Progress

• Management reviewed and York West chosen from

three options inclusive of self management

• Audit completed and budget in place

• Staff rationalized to new management approach

• Legal briefings held and actions to reduce litigation

*

*Significant achievements:

• Website with easy access to promote heritage

and eco friendly communication• Roof top garden design and estimate• Lobby refurbished• Flowers in front entry welcoming• Christmas display

Community:

*Safety:

• Worked with developer to remedy

plumbing concern which was an

imminent risk• Repair of generator, sprinkler and

fire systems• Regular maintenance contracts

in place• Insurance brought to $2500

deductible from $25,000• Areas of safety risk addressed

*Safety Continued:

• Owners responsible for key to

condo to address uncontrolled

keys (rekeying)• Pass card system for laundry

to reduce risk of theft and

break-in• 24 hour response through

management company

*Financial Control:

• Multiple lawyer situation addressed

• Relationships built with businesses that supplied service

• Audit completed• Management firm in place,

transfer from previous bookkeeper

• Budget and reserve schedule in place

• New reserve study completed• Valuation of building in place

*Legal:

• Multiple reviews of background documents

• Key meetings with lawyers, heritage planners, mechanical consultants

• Reduction of duplicate legal involvement

• Attempted to rectify previous relationships

• Meeting ongoing legal challenges from past president

*Legal:

• Initiated work on new bylaws

• Attempted to clarify responsibility for damage to building

• Supported staff and board in legal challenges put forth by previous board president

*Building Enhancements:

• Lobby refurbished by developer• Water system assessed and repaired

by developer• Sky hooks corrected by developer• Laundry system upgraded for safety• Key system upgraded for safety• Heritage elements restored and

displayed• Decorative elements in place

*Accomplishments:

• Current reserve study• Realistic budget• Maintenance contracts on key

systems• Plan for roof garden• Increased safety of residents• 24 hour response• Aged accounts aggressively

pursued• Management system in place

at less cost

In Progress:

• Pet registry to manage pets• Bylaw revision to handle

heritage requirements,

unit factors, penalties• Heritage submission to promote

heritage elements• Mechanical review to evaluate

merits of legal action• Window washing

*

*Thanks to:

• The board for there ongoing commitment to the success of McLeod Condo Association

• Grant McDonald for consistently putting his best into maintaining the building in the face of multiple challenges

• York West Management for advancing a stable, logical approach to support the owners interests

• The residents for giving us their confidence and wisdom.

*Future:

• Stable management and progressive enhancements

• A roof garden as a gathering place for our community

• A vibrant lively building with shops and restaurants in the heart of downtown

• A refurbished lower floor with historic museum of artifacts