Prohibitive Condominium Corporation Insurance Premiums

Councillor K. Balsom submitted the following for consideration:

“THAT Council for the Regional Municipality of Wood Buffalo lobby the Provincial Government with respect to the cost prohibitive insurance premiums for Condominium Corporations following claims after disasters and damages; and

THAT the Mayor be authorized to send a letter to Government officials including, but not limited to the Insurance Bureau of Canada, Premier of Alberta, Minister of Service Canada and Minister of Finance, requesting that a fulsome investigation occur to find a resolution to the issue(s) related to insurance premiums for Condominium Corporations.”

David Thompson, Winchester Green Condo Board, spoke in support of the recommendation.

Exit and Return

Councillor S. Lalonde exited the meeting at 8:01 p.m. and returned at 8:03 p.m.

Joanne Day, Wood Meadow Estates North, spoke in support of the recommendation.

Robert Guy, Cedarwood Condominium Corporation, spoke in support of the recommendation.

Councillor K. Balsom agreed to friendly amendments to the proposed recommendation; the first being to replace “requesting that a fulsome investigation occur to find a resolution” with “requesting a resolution to the urgent crisis”. The second friendly amendment added the following to the distribution list: local Members of the Legislative Assembly, local Member of Parliament, Federal and Provincial Cabinets, Rural Municipalities of Alberta (RMA), Alberta Urban Municipalities Association (AUMA) and Federation of Canadian Municipalities (FCM).