They do not deliver on what they promise at the time of signing:
-A fence was supposed to be installed around the entire property. Avi did not deliver on this, reducing the resale value of some of condominium units, especially those on the ground floor along Silverado Terrace. They were able to squirm their way out of delivering on this because the landscaping plans (preliminary plans) that they gave to the owners were different than the issued for construction drawings submitted to the City of Calgary.
-Avi also promised a reserve fund for the Condo Corporation. However, because Avi made up the members of the Condo Corporation until handover of the property, they promptly 'spent' the reserve fund prior to handover on 'expenses'.
- Approximate cost of services:
- $270,000.00
- Company Response
We appreciate your feedback and apologize for the misunderstanding.
At the time of local safety inspection, certain guardrails were deemed to pose a threat to fire safety, which didn’t meet building code. While we remain committed to delivering on our promises, we are also responsible for meeting codes that ensure the safety of all the occupants in our developments.
In regards to your concern for the reserve funds: A condo corporation begins to build these at the beginning of condominium contributions. A percentage of the contributions go towards reserve funds, which are to be used at the discretion of the condo corporation to maintain property value. Our Developer’s Board turns condo corporation management over to the homeowners’ board within three months of the first home owner taking possession, at which point a professional property management company assumes responsibility for the finances.
To have your concerns about the fund addressed we recommend you contact the board, property manager or appointed auditor for the Corporation, for clarification on this matter.