Individual Metering Update

We are continuing to work towards implementing submetering in Phases 1 and 2. At this point, all the equipment is installed and certified. The last step, which involves visiting each unit to confirm that each unit is connected to the proper meter, has been completed for almost all units. However, a handfull of unit owners have not supplied keys to the corporation, as legally required, which has delayed completing this for the last few units. Implementation of submetering at the East Market cannot be finalized until this is completed for all units. This is in the process of being resolved, and we are hoping to have the billing period and condo fee adjustment to begin October 1st 2009, to coincide with the new fiscal year.