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Second ballot needed in Penhorwood condo vote
EDMONTON - The fate of the crumbling Penhorwood condominiums in Fort McMurray will go to a second ballot after the first round of voting failed to meet the threshold for action.
Results released late Monday night show owners voted 66 per cent in favour of borrowing funds to rebuild, while 26 per cent voted to sell the land. Seven per cent voted to wait for litigation to proceed before beginning to rebuild.
Condominium board rules required 75 per cent or more for any one resolution to pass.
Read the full article here.
EDMONTON - The fate of the crumbling Penhorwood condominiums in Fort McMurray will go to a second ballot after the first round of voting failed to meet the threshold for action.
Results released late Monday night show owners voted 66 per cent in favour of borrowing funds to rebuild, while 26 per cent voted to sell the land. Seven per cent voted to wait for litigation to proceed before beginning to rebuild.
Condominium board rules required 75 per cent or more for any one resolution to pass.
Read the full article here.