During the Annual General Meeting on Tuesday, September 22, 2020, the CGRA Board of Directors and members to approved, by Special Resolution, the attached Articles of Association of the Company.
Find all the important documents associated with the operations of the Residents Association.
Membership in the Chappelle Gardens Residents Association is automatic and mandatory with the purchase of a home in Chappelle Gardens. The payment of dues, which is reviewed and established annually, is secured by an Encumbrance (subject to upward adjustment for inflation) registered on the title of each member’s property. The Association, including the operation of Chappelle Gardens, is administered by a Board of Directors made up of Brookfield Residential and resident representatives.
Annual fees for 2021 are $382.27 plus GST.*The Encumbrance amount for each property is $350.00 per year and is subject to an annual adjustment by percentage increase, if any, of the Consumer Price Index (CPI) “All items” and GST.
Fees are due January 1.
At the beginning of February: Interest is applied to all outstanding accounts (5% per annum in excess of the prime rate of interest). Interest will be applied on the first business day of each month.
At the beginning of March: Final notice of required payments will be issued to all outstanding accounts.
At the beginning of April: Accounts are handed over to Chappelle Gardens Residents Association’s legal counsel, Field Law LLP, for collections.
As well, please note:
- Payments are no longer accepted by Chappelle Gardens Resident Association. All payments and communication regarding collection of fees is done directly between the homeowner and Field Law LLP.
- Legal costs association with the collection of fees, as determined by Field Law LLP, will be charged back to the homeowner.
- It is each homeowner’s responsibility to ensure that payments are received by the Chappelle Gardens Residents Association, in full, by the due dates. Late payment charges will be applied to each account in arrears until full payment is received.