The L Tower Elects New Board of Directors

TORONTO, July 12, 2017 /CNW/ - The Toronto Standard Condominium Corporation No. TSCC 2449 is pleased to announce that at an owner's requisition meeting held on June 29, 2017, the owners of the L Tower in Toronto successfully voted to remove its previous board of directors and elect a new board.

At the requisition meeting held under section 46 of the Ontario Condominium Act, 1998, 363 owners voted to remove the existing board of directors and the following five new board members were elected: Eric Sprott, Fauzia Ahmed, Jim Smith, Steve Szentesi and Francis Fernandes.  This meeting was called based on, among other things, L Tower owners' concerns raised over CBC reporting relating to the former board.

All members of the new members of the L Tower board of directors, who bring a broad range of business, legal, accounting and condominium board experience, either live in or own units in the building.

The L Tower's new board of directors will initially focus on major building priorities, including its performance audit, completion of final stages of construction, reserve fund, aesthetic enhancements and ensuring that owners receive value for money for services provided to the building.

Quote

"We are pleased to announce this important change in the leadership of the L Tower in Toronto, which is one of the City's most iconic and prestigious condominiums.  The new board of directors, all of whom live or own units in the building, looks forward to advancing the interests of owners and maintaining and improving this landmark Toronto condominium."

- President, L Tower Board of Directors

Facts About the L Tower

  • 57 story hi-rise condominium designed by Daniel Libeskind.
  • 591 units.
  • Located at 8 The Esplanade in Toronto.

SOURCE Duka Property Management

For further information: Reina Fernandes, Property Manager at Duka Property Management: 647-345-0800

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Duka Property Management

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