Author Archives: Stonebridge Condo Board

Winners of the 2016 Holiday Decorating Contest

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Christmas Tree Bare

Hello everyone.
There were many awesome condo decorations and displays this year. We would like to thank everyone who participated in this years contest. Our complex looked amazing due to all of your hard work.

Our first place prize goes to Unit 138 for their amazing display!
Unit 138 is awarded a $75 gift card.

Our runner ups are Units 178, 36, 34 and 77.
They are awarded a $50 gift card.

2016 Annual Holiday Decoration Contest Reminder

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Elf

Hello everyone the December 18th Holiday Decoration contest deadline is rapidly approaching.
We have already seen some amazing displays go up in the complex. We would love to see some more!

We will be handing out a top prize of a $75 gift card and a $50 gift card to 4 runners up!
Please email your entry with a few photos to board@stonebridge-condo.com.
The deadline for entries is December 18 2016.

Happy Holidays Everyone!

Visitor Parking

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Visitor Parking

Hello Everyone,
Its that time of the year again when the holidays come around and visitor parking seems to fill up.
I just want to remind everyone about the parking policy and the rules.
Visitor Parking Policy

Important things to note:
Visitor parking is strictly limited to visitors of the units.
A visitor is a person who is visiting for less than 3 days a week and less than 6 weeks (42 days) a year.
Any vehicle that is left in visitor parking for more than 3 days in a 7 day period will be towed, regardless of the visitor pass being shown or not.
Any vehicle or parking pass that is found to be in visitor parking more than 6 weeks (42 days) a year will be towed, regardless of the visitor pass being shown or not.
Any vehicle with a visitor parking pass belonging to an owner with lapsed condo fees will be towed.
Visitors must display the parking pass prominently from the rear view mirror, or they will be towed.
Forged or copied parking passes (temporary or permanent) will be towed.

Visitors are not Owners or Residents of a Condo.
Any vehicle in visitor parking belonging to an Owner or Resident of a Condo will be towed.
Owners or Residents playing musical chairs in visitor parking with their vehicles will be towed.
Owners or Residents have their driveway and their garage available for parking. Extra parking may be found on the street (Edwards Drive).
Vehicles may not be parked on the roads in the condo complex. The roads are considered fire lanes and must be kept clear at all times.

Temporary parking passes must match the date range, and license plate number of the vehicle displayed on. Otherwise they will be towed.
Temporary parking passes may be issued at the request of the Owner for longer periods than outlined above.
Temporary parking passes are issued at the discretion of the Board, Property Manager, and Site Manager.

Fees are collected by Auto Rescue for any towing expenses.
Stonebridge Condominiums does not receive any money for towing vehicles or parking fines.
Stonebridge Condominiums will not reimburse anyone for the cost of towing charges, under any circumstances.
Towing damage and charges are the vehicle owners expense.

Visitor parking privileges will be revoked for residents who continually violates this policy.

Condo Fees Raised Effective Jan 1st 2017

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Based on our reserve fund study from the previous post, we have determined that we will need to increase our fees to cover our future costs and expenses.

Effective Jan 1st, 2017 we will be increasing our monthly fees from $167.37 to $210.00 per month.

The increase in fees will be mainly used to cover our increased reserve fund contribution. We are raising our reserve fund contribution from $90,000 to $130,000 for the year of 2017.
We are expecting that we will also have to repair our Attics due to problems with how our attics were installed.
Attic repair and upgrade costs are expected to be around $65,000 a year for the next 5 years as we space the repairs across about 40 units a year.
The fee increase also includes a larger budget to allow the siding and windows to be cleaned annually, and a larger budget for grounds crews and our property manager.

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In 2018 we will be increasing our target reserve fund contribution from $130,000 to $165,480 for the year of 2018.
We will be continuing the Attic repairs and upgrades through 2018 completing 80 units by the end of the year.
In 2018 we estimate a 5% increase in costs across the board, reflecting increasing costs due to building aging and inflation.
We have factored these costs into the $210.00 monthly fee increase.

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Our current budget places our next expected fee hike to occur in 2019.

If you have any questions or concerns please email the board at board@stonebridge-condo.com

2016 Reserve Fund Study

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As some of you are aware every 5 years we are required to do a reserve fund study.
We opted to conduct a reserve fund study earlier than this due to unexpected expenditures doing the grading upgrades and repairs.
This year we hired Wade Engineering Ltd to conduct the study. Wade Engineering has been doing engineering, repair and replacement estimates since 1986 as an independent consulting firm. They came highly recommended to us from our Bridgegate Property Management.

2016 Reserve Fund Study

Based on our reserve fund study we have opted to increase our annual contribution to our reserve fund from our current $90,000.
We will allocate $130,020 a year to the fund in 2017 and $165,480 a year in 2018.

These increases are largely due to us dipping into the reserve fund early for grading work for the last two years.
We are also expecting extensive attic work that will need be carried out in the following few years.

We will need to increase our Condo Fees to accommodate the projected shortfall in the reserve fund.

Wade Engineering had conducted the survey prior to our September construction season so some of these items have already been fixed.
We have already completed the majority of downspout work recommended in the report.
The asphalt and storm drain repairs have already been complete.

Preliminary Grading Work Complete

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As many of our overjoyed residents have noticed we finally have completed our grading project as we set out to do 2 years ago.
As of today our scope of work for the project is complete and we are awaiting final city approval for the Grading plan.
Sod has been laid down in all areas of the complex.
We ask that drivers park carefully to ensure they keep tires off the grass.
The grading has been surveyed, the results forwarded to the City inspector.
The downspouts have been repaired to ensure proper drainage away from the buildings and into the swales.

We are currently awaiting the City Inspectors report to determine if any further changes are required.
Thank you for your patience in this matter.

Garbage in the Yard

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Dumping Issue

Hello Everyone,
Just a reminder that it is not okay to store garbage or garbage bags outside on your patio or front door, even temporarily.
Our site manager is instructed to collect all visible garbage and we will levy a fine of $50 for every infraction we find.
This includes items such as used car batteries, cigarette butts, and dog poop bags.

For a temporary spot to store garbage we suggest using the inside of the garage.
The temperature should keep the bags from smelling and the bags will be out of sight.

Thank you for your cooperation and assistance in keeping the complex clean.