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change is no more than the greater of $1,000 and 1 per cent of the annual budgeted

common expenses for the current fiscal year. 1998, c. 19, s. 97 (2).

Changes made on notice

(3)

A corporation may make an addition, alteration or improvement to the common

elements, a change in the assets of the corporation or a change in a service that the corporation

provides to the owners if,

(a) the corporation has sent a notice to the owners that,

(i) describes the proposed addition, alteration, improvement or change,

(ii) contains a statement of the estimated cost of the proposed addition, alteration,

improvement or change indicating the manner in which the corporation proposes

to pay the cost,

(iii) specifies that the owners have the right, in accordance with section 46 and

within 30 days of receiving the notice, to requisition a meeting of owners, and

(iv) contains a copy of section 46 and this section; and

(b) one of the following conditions has been met:

1. The owners have not requisitioned a meeting in accordance with section 46 within

30 days of receiving a notice under clause (a).

2. The owners have requisitioned a meeting in accordance with section 46 within 30

days of receiving a notice under clause (a) but have not voted against the

proposed addition, alteration, improvement or change at the meeting. 1998, c. 19,

s. 97 (3).

Approval of substantial change

(4)

Despite subsection (3), the corporation shall not make a substantial addition, alteration,

improvement to the common elements, a substantial change in the assets of the corporation or a

substantial change in a service that the corporation provides to the owners unless the owners who

own at least 66

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3

per cent of the units of the corporation vote in favour of approving it. 1998,

c. 19, s. 97 (4).

Meeting

(5)

The vote shall be taken at a meeting duly called for the purpose of subsection (4).

1998, c. 19, s. 97 (5).

Meaning of substantial change

(6)

For the purposes of subsection (4), an addition, alteration, improvement or change is

substantial if,

(a) its estimated cost, based on its total cost, regardless of whether part of the cost is

incurred before or after the current fiscal year, exceeds the lesser of,

(i) 10 per cent of the annual budgeted common expenses for the current fiscal year,

and

(ii) the prescribed amount, if any; or

(b) the board elects to treat it as substantial. 1998, c. 19, s. 97 (6).