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Pae 16, Whltby Free Press, Wodnesday, June 12, 1996 MI? syscond0o owners to beneftrm changes FROM PAGE 1 "One thingrunusual about it (process) is thatthe premier rer- mitted me to pubhseh detauied proposais without introducing, it in the legislature, »he said. Rather' than opting -for- the traditionai committeo route, which Fiaherty said does flot lend itseif to «detailed input,» the draft was given to the opposition RENT ME!E with this ad $300 per wook Book before June 21/96. Dual stoves, sleeps six. New units this year. OWASCO RECREATIONAL A A *LE Parties and public firat. «W. said this i. a working draft and if you have better idea let's hoar it.» In iZct the formier New Domo- cratic PartY government ini*tiated theprcs in 1992, Fiaherty noted,rwhen it introduced Bill 81. But due te an overwhelming number of amendments, it was withclrawn te aliow for further consultation with stakeholders. This resultod in more than 500 suggestions for changing the act and these sgetions formed a large. pr of theworkinj draft. iTs not'a Consorvative issue, it's good legisation,' said Fia- herty, adding that Liberal MPP Bruce Crozier and New Demo- crat Peter Kormos have provided considerable input. Ini addition te the aforemen- tioned disclosure provision, the proposai of Most interest te pro- sjpective buyers maýy be the one that cails for creation of a «cool- m-off period" in case the fin- ise roduct does not resenibie what was purchased. <'Many condominiumns are sold fromn the showroom when there's no shovel in the ground,» said Fiaherty. «W. hear from consumers that developers often change the plans if sales are not good..appliances are changed te 'a leaser quality, a recreation centre is scaled down" ho said. 'T7his (period) will aliow con- sumers time te re-assessa and decide if theg stili want to go ahoad with it. Although some developers have expressed concern that the working paper tends te favour consumer interests over- their own, Flaherty said most under- stand the need for change and roalize that content consumers wiii benefit them financially. For exemple, condominium units outsold tradit;ionai houses bya 60-to-40 ratio in the Greator Toronterea (GTA) last year, ho said. «It's a growing market, not only in the GTA but London, Windsor," said FIaherty. "We want people te have con- fidence in the condomi*nium con- cept and they (developers) want to seli new condominiums.»" Among the many now concepts that the working draft promotes is on. calling for the creation of "leasehold" condominiums on land owned by institutions such as churches, universities and charitable trusts that are cur- rently prevented from selling their property te private develo- pers. Under leasehold, the land- owner lbases its property te a developer for a period of 40-to-99 years. "I9a wa!y of creating housing steck by using resent resources, it will b. partîcularly- useful in the GTA, " said Fiahery The working aper aso allows for the estabhshment of con- dominiums that involve common elements, but no residential umits. For exampie, a ski hill, golf course, boat marina or a cottage road wouid b. considered a con- dominium if the owners agree te, pay a share of the expenses. Ail owners would covenant te pay maintenance fees for coin- mon elements and this would in turn allow individual owners te, seli hisher share at some future date without needing the consent of the others.. S"It's a very effective -way of people sharing in the ownership of -property wthout a lot of law- suits and acrimony,» said Fia- WieFlaherty hopes the working paper proposais- wil become law this faIl, much wili depend on how the legislation is viewed by the opposition parties. «We nover really know until the. drafting Of the. begisiation, but I don'et- anticipate anypo blems, avaid Iberîal MPCro-' dier. lets on. of those nice occasions when we can gv constructive criticism,» sad the freshinan Windsor representative. «It's on. issue, where we al interested i the same.thing.n Crozier did flot forse too much difficulty i resolving any out- standing differences between developers and consume r groups. "I think there wili be common ground,"he said. «W. are ail interested in in creating affordable and fleible housing.» According te, New Democrat Deception, The Bureau of Excellence in Durham Region (BEDR), in partnership with the Durham Regional Polie major fraud squad, Police Learning Centre and Davis + Henderson Intercheques, wili hoid a network meeting about the deoeption and dotection of fraudulent documents. The presenters will discusshow frauds occur, who is doing it, how te identify frauduient documents and preventative measures. The information is particularly 'relevant to people who handie choques sud financiai, documents in the course of their business. The network meeting wiil take place in the community room, Durham College, from 8:30 a. m. te noon on Wednesday, June 26. Attendane is limited -to 30 participants. To rogister, oeil the BEDR office at 665-7944. Kormos, a revampina of the eisting act, whichIe rmteý-ed a .«developeris tool,» is essentiel. «You vo got two worlds of con- domi-nium ownership, downtown Toronto and real Ontario » said the Welland-Thoroid MP. "Most, condominiums ,in Ontario are not downtown Toron te highrises, but people who boughit into a iowor coot housingýàternative, and are now having te walk away and leaving the other owners te carry tho vacant units,» he said. Describing the current situa- tion as '«approaching a state of criais," Kormios said full disclo- sure of reserve funds and pend- inifrepairs is imperative. "Condominium owners are stung and stung bad,» ho said. «"Roadways tend not te b. built te the saine standards as munici- pal roads, there are problenis with elevaters, piumbing, wu'-ing, heating sud air conditioning.» Kormaos a candidate in this MOntsIWSDP leadership contest te replace former premier Bob Rae, said his party Wiil1 work te ensure that the new regulations, dictate that reserve funds are sufficient te meet futur, needs. Ho aiso welcomes a proposai that wili limit unit owners te one vote during elections for a con- dominu corporation's-board of directrreadiesa of the nuin- ber of umts the person owns. However on ail other matters, ownors wiii b. allowed te cast as msuy votes as they have units, a provision that Kormos wouid aiso like te sSe changed. "This would privent devebo- pers froni buyig up empty units and exercising their power» ho said. "There are some concerns by owners about the ratio of rentai .units te owner-occupied sud I undeERrstDandtercnen WRT CARE 1/"1 'I COMPLETE SYSTEM No Extras Needed Ai m oB ILE «-7Hwy4I0l JAX ývACUI9V*H9HA WOOD AVE. S. (between Hwy 2 & 401) 428-1659 "eo me