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Good morning y’all,
At an upcoming General Meeting a motion will be put to a vote giving the SC a blank chq to spend on a dubious building project on common property. Many owners are furious and insist on quotes being offered at the meeting so we can decide which contractor to employ, assuming we agree to the project at all. The blank chq method was used some years ago with disastrous financial results. The SC was too inexperienced or incompetent to demand those few who benefited from a project to contribute the full outlay themselves. Instead the whole OC was milked for the cost. Those with clear memories do not wish a repeat of that fiasco.
Question: Are such “blank chq” motions legal?
Such motions, which are very short on detail – in the past resulted in
(1) Jobs for the boys;
(2) No ceiling on possible cost; and
(3) The SC not disclosing how much it spent to date “assessing” the project via their usual contractors, such as an architect, without the OC’s knowledge let alone consent.
Question: Assuming the “blank chq” motion is legal and passes, can it be challenged at NCAT?
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