According to the Reserve Fund Study, the boilers were installed in 2005 and have an estimated life expectancy of 25 to 30 years. Based on this, they are expected to remain operational until at least 2030, and potentially up to 2035 with proper maintenance.
Below extract from our reserve Fund (page 5):
Despite these clear facts, we are being told that the boilers are “original to the building.” That statement is simply not accurate. The Reserve Fund – an official, corporation-approved document prepared by professionals – clearly identifies the installation year and projected replacement timeline. There is no ambiguity.
This contradiction raises serious concerns for all owners:
- Why is the community being misinformed about the age of major infrastructure?
- Why are we being told the boilers are 50+ years old when the evidence shows otherwise?
- If the board is not transparent on a basic, verifiable fact, how can we trust their financial planning and future reserve-fund decisions?
- What other information might be inaccurate or selectively presented?
This isn’t about speculation – it’s about documented facts. The Reserve Fund sets out a clear timeline, based on engineering assessments and expected lifecycle. These numbers don’t lie.
When facts are distorted, owners lose the ability to make informed decisions about our property and our money. Accurate information is critical, especially when we are not even being asked to approve large expenditures and potentially face special assessments, contrary to the Condominium Act.
Bottom line: The boilers are from 2005. They are not original to the building. Owners deserve transparency, honesty, and accountability from those managing our shared assets.
This fall elect a competent, honest board!
