1. AGI Application for 7 Park Vista

As many of you know, an application for an Above Guideline Increase (AGI) for 7 Park Vista has been submitted by Capreit to the Landlord Tenant Board. The PVTA has retained a Paralegal who has asked the counsel for Capreit for an adjournment (delay in proceedings). This is to allow the paralegal to have ample opportunity to review the documents, investigate the matter, and prepare the case. Capreit’s counsel has agreed to the adjournment so there is no longer a hearing scheduled for November 27^th. A new date will be scheduled by the Landlord Tenant Board.

The AGI application seeks an increase in rent for capital expenditures (large projects). Capital expenditures that are allowed to be processed through an AGI do include items of maintenance that have place a large financial burden on Capreit. The items that are included in the AGI application for 7 Park Vista are:

Repairs to the covered parking and other parking infrastructure repairs
Concrete slabs in the garbage area
A new boiler that is used to heat the building

2. Public Meeting

The PVTA will hold a public meeting on:
Tuesday, December 2 at 7 PM

Lobby – 8 Park Vista

It is recommended that you bring something to sit on and something to write with. Please arrive a few minutes early to sign in. We will also been accepting membership payments before and after the meeting. We will have copies of the minutes from Board Meetings available. If there is something that you wish to have added to the agenda for the meeting on December 2, please submit your request by email no later than 12 noon on December 2 to parkvista.tenantsassociation@gmail.com.