Form 15 Condominium Act, 1998 NOTICE OF FUTURE FUNDING OF THE RESERVE FUND (under subsection 94 (9) of the Condominium Act, 1998)

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1 Form 15 Condominium Act, 1998 NOTICE OF FUTURE FUNDING OF THE RESERVE FUND (under subsection 94 (9) of the Condominium Act, 1998) TO ALL OWNERS IN HALTON CONDOMINIUM CORPORATION NO. 236 The board has received and reviewed an updated Reserve Fund Study with a site inspection dated November 14, 2012, prepared by The SPG Engineering Group Ltd., and has proposed a plan for the future funding of the reserve fund that the board has determined will ensure that, in accordance with the regulations made under the Condominium Act, 1998, the reserve fund will be adequate for the major repair and replacement of the common elements and assets of the corporation. This notice contains: 1.A summary of the reserve fund study. 2.A summary of the proposed funding plan. At the present time the average contribution per unit per month to the reserve fund is: $ Based on the proposed funding plan, the average increase in contribution per unit per month will be $6.77 for 2013, $7.02 for 2014 and $7.29 for The proposed funding plan will be implemented beginning on : January 1, 2013 (set out the date of a day that is more than 30 days after the day on which this notice is sent to the owners). Dated this 26 day of November, 2012 Halton Condominium Corporation No. 236

2 SUMMARY OF RESERVE FUND STUDY The following is a summary of the updated Reserve Fund Study with a site inspection dated, November 14, 2012, prepared by The SPG Engineering Group Ltd., for Halton Condominium Corporation No.236 (known as the "Reserve Fund Study"). Subsection 94 (1) of the Condominium Act, 1998, requires the corporation to conduct periodic studies to determine whether the amount of money in the reserve fund and the amount of contributions collected by the corporation are adequate to provide for the expected costs of major repair and replacement of the common elements and assets of the corporation. As a result, the corporation has obtained the Reserve Fund Study. The estimated expenditures from the reserve fund for the next thirty (30) years are set out in the CASH FLOW TABLE. In this summary, the term "annual contribution" means the total amount to be contributed each year to the reserve fund, exclusive of interest earned on the reserve fund. The recommended annual contribution for 2012 is $52, based upon the estimated expenditures and the following: Opening Balance of the Reserve Fund: $ 46, Minimum Reserve Fund Balance during the projected period: $ 73, Assumed Annual Inflation Rate for Reserve Fund Expenditures: 2.0% Assumed Annual Interest Rate for interest earned on the Reserve Fund: 1.0% The Reserve Fund Study can be examined at the Management Office located at: 7 Trevor Drive, Stone Creek, Ontario L8G 2P2. Telephone (905) , Fax (866)

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4 SUMMARY OF PROPOSED PLAN FOR FUTURE FUNDING OF THE RESERVE FUND The following is a summary of the Board of Directors proposed plan for future funding of the Reserve Fund. The board of Halton Condominium Corporation No.236 has reviewed the updated Reserve Fund Study with a site inspection dated, November 14, 2012, prepared by The SPG Engineering Group Ltd., for Halton Condominium Corporation No.236 (known as the "Reserve Fund Study") and has proposed a plan for the future funding of the reserve fund that the board has determined will ensure that, in accordance with the regulations made under the Condominium Act, 1998, the reserve fund will be adequate for the major repair and replacement of the common elements and assets of the corporation. The board has adopted the funding recommendations of the Reserve Fund Study and will implement them as set out in the Contribution Table. The total annual contribution recommended under the proposed funding plan for the current fiscal year is: $52,014.00, which is the same amount that has already been budgeted. The Proposed Plan for Future Funding of the Reserve Fund can be examined at the Management Office located at: 7 Trevor Drive, Stone Creek, Ontario L8G 2P2. Telephone (905) , Fax (866) DIFFERENCES BETWEEN THE RESERVE FUND STUDY AND THE PROPOSED PLAN FOR FUTURE FUNDING OF THE RESERVE FUND The Plan for Future Funding of the Reserve Fund proposed by the board differs from the Reserve Fund Study in the following respects:...nil... (specify differences).

5 (A) % (B) (A) + (B) Total Year Annual Increase over Other contribution Contribution previous year Contributions each year to Reserve Fund 2012 $ 52, % $ 52, $ 53, % $ 53, $ 55, % $ 55, $ 58, % $ 58, $ 60, % $ 60, $ 62, % $ 62, $ 64, % $ 64, $ 66, % $ 66, $ 69, % $ 69, $ 71, % $ 71, $ 73, % $ 73, $ 74, % $ 74, $ 75, % $ 75, $ 77, % $ 77, $ 79, % $ 79, $ 80, % $ 80, $ 82, % $ 82, $ 83, % $ 83, $ 85, % $ 85, $ 87, % $ 87, $ 88, % $ 88, $ 90, % $ 90, $ 92, % $ 92, $ 92, % $ 92, $ 92, % $ 92, $ 92, % $ 92, $ 92, % $ 92, $ 92, % $ 92, $ 92, % $ 92, $ 92, % $ 92,593.00