UPDATE - Waterfront BIA

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COMMITTEECOMMUNICATIONSCONTACTINFORMATIONP a g e 2HarbourSide UPDATEPRESIDENT’S MESSAGEThe Annual General Meeting gave the owners of units in YCC 510 an opportunity to reviewthe past year in the life of our building — our home.Reports from the various directors brought information which identified areas of interest tothose attending.The Energy report highlighted the fact that new hours for low-cost hydro usage have beenestablished. We learned, too, that upon inspection and as a result of our maintenance work,our electrical system is in excellent condition.DONALD COOPERSecurity highlighted the work of the committee and of the Security Manager. Edward Whiteis an excellent source in this area. He determines that our building is secure and that his staffis aware of who is visiting in our building and confirm that those who are entering havebeen approved by a resident or owner.The Property report covered many areas: the seventh floor renovations, the gardens, theswimming pool, upgrading such items as the luggage carts, and the resolve that our buildingmust have the ―best‖ whenever we are replacing and renovating. It is not satisfactory to just―get by‖ with whatever will plug the hole.THIS MONTH’S MASTHEADThere is a responsibility on every owner and resident: owning and living in a building of 603units requires an understanding of the rights of our neighbours and a willingness to acknowledgethem. For this reason, a Handbook for those living in our condominium was establishedin 1997/1998. It was revised in 2009/2010. In it are the guiding principles that allowus to have a sense of community unparalleled anywhere in Toronto.This evening photo, shotJuly 18, 2009, is a view ofToronto from Olcott Beach,NY, taken by Ad Meskensof Belgium.If you have an image for themasthead, we’d love to seeit. Send an email to:harboursideupdate@gmail.comPhoto © Ad Meskens, licensedunder the terms ofthe GNU Free DocumentationLicense.Rosemary Clark, ChairJennifer BarberPauline BrownMichelle Ramsay-BorgJames RussellSujaya Saha55 Front Desk: 416-362-265565 Front Desk: 416-362-2065MGMT Office: 416-362-1174mgmtoffice.ycc510@rogers.comwww.harboursidecondos.caharboursideupdate@gmail.comHarbourSide UPDATE is published ten times a year by the all-volunteer Communications Committee. Content―including articles and photos―is contributed byCommittee members and others. Original photos are typically credited. Stock photos and clip art are copyright Microsoft, provided free of charge courtesy of MicrosoftDesign Gallery. UPDATE is printed on-site at HarbourSide. We welcome your comments and suggestions; send an email to harboursideupdate@gmail.com.NOVEMBER 2011
HarbourSide UPDATEP a g e 3PROPERTY MANAGER’S REPORTWinter hydro rates begin November 1 stThe winter rates for hydro usage include two peak periods. This is because the days areshorter and when people get up, lights and appliances are turned on. This pattern repeatsaround dinner time.Please do your best to conserve energy during the on-peak periods (7 to 11 am and 5 to 7 pm)when the rate is 10.7 cents per kilowatt hours. Doing high-energy chores such as laundry andcooking during off-peak hours or weekends saves 45% on the cost of the electricity you usefor the task.RUTH WORMITTTIME OF USE7:00 pm to 7:00 am7:00 am to 11:00 am11:00 am to 5:00 pm5:00 pm to 7:00 pmWEEKENDS & HOLIDAYSMany residents assume that if a leak occurs from a common element, the condo corporation‘s insurance will cover all of thedamage. The reality is that the condo‘s insurance only covers repairs which are included in the Standard Unit Bylaw. This excludesall personal property, flooring, upgraded finishes and the cost of alternate accommodation should the suite be uninhabitable.WINTER RATES¢ per kwOff-Peak$ 5.9On-Peak$$$ 10.7Mid-Peak$$ 8.9On-Peak$$$ 10.7Off-Peak$ 5.9Insurance coverageAll residents including both owners and tenants should review their insurance annually to ensure that they have adequate insurancecoverage.Any high-rise building will experience water leaks from time to time. A building‘s pipes and interior components (toilets, p-traps, etc.) will eventually wear out over time.When an insurance claim results from a water leak in a condo, the ―fault‖ or the source of the damage for the most part doesn‘tcome into play. Due to waivers of subrogation contained in the Declaration, each party must claim their damages on their owninsurance.We recommend that you pick up a copy of a bulletin in the property management office that provides more information oninsurance, and obtain a copy of the Standard Unit Bylaw if you don‘t have one already. You should provide your insurancebroker with this information to ensure that you have adequate coverage in the unfortunate event that you ever need to make aclaim.NOVEMBER 2011
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