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February 19, 2009 @ 12:00 pm - 2:00 pm
Contingency Reserve Fund Planning for Stratas is a hot topic in BC as our legislation is weak, resulting in the need for special levies to manage repairs and replacements. Reserve Fund planning is a form of Capital Planning which has been embraced by many commercial and institutional property owners for years. In Alberta , Ontario and Nova Scotia , Reserve Fund Studies are mandatory for all Strata type properties. Some feel that BC is suffering from a “Reserve Fund Crisis” as much as our past (or on-going) “Leaky Condo Crisis”. Proper Reserve Fund planning helps to ensure that adequate funding is available to cover future repair and replacement costs.
Kevin Grasty is a project manager for Halsall Associates Limited working out their Vancouver office. Kevin specializes in capital planning, contingency reserve fund studies, pre-purchase and warranty reviews. Kevin is a member of Professional Engineers & Geoscientists of BC.
|CONTINGENCY RESERVE FUND STUDIES AND CAPITAL PLANNING||Kevin Grasty
Halsall Associates Limited