Did you know that having an up to date Reserve Fund Study is a requirement under the Condominium Act of Alberta. Not only is it a requirement that it must be completed every five years but also it dictates how the money in the reserve fund can be spent.
Its that time again to complete and updated Reserve Fund Study for South Pointe. You might think this is an easy task but it is far from it. A reserve fund review is not done by the Board but rather an outside qualified firm. To complete there are many meetings, reviews of the site, contracts, previous upgrades, maintenance and just overall wear of the complex that is all reviewed. Not an easy task but an essential one that we take quite seriously. Although our professionals drive the process the Board does have input to any additions, changes and updates. Feedback always welcomed.