Condo Fees

At Eau Claire Estates one monthly cheque covers all the costs including:

• Cable TV
• Air Conditioning
• Heating & Electricity
• Annual Building Maintenance
• Secure, heated, underground parking
• Health & Fitness club
• Spa & Swimming Pool
• Car Wash
• Concierge Plus! services

Compared to other buildings of comparable design, construction and location, Eau Claire Estates fees have remained lower while providing substantially more services .  In part, this can be attributed to the excellent quality of services provided by the original architects, engineers and contractors. 

Lower than average fees can also be attributed to a cooperative and hard working board of directors that continuously demonstrate a desire to ensure the interests of all owners are protected.

2006 Condo Fee Comparison (per sq. ft.)

Comparable buildings in the following districts:

• Beltline = $6.23
• Mission = $5.99 
• Mission = $5.62
• Eau Claire Estates = $5.27 
• Mission = $5.17

Electricity & Gas contracts have been secured at a fixed rate until 2011 & 2012. 
             These two expenditures account for 25% of the total operating budget. 

Capital Reserve Funding

Alberta and specifically Calgary, has experienced unprecedented growth and inflation during the past few years. As a result, operational costs, repairs or replacement of existing equipment, and building components, has risen dramatically.

Adequate capital reserve funding is essential to maintaining premises of the size and calibre of Eau Claire Estates. The current Capital Reserve Study was completed in 2006, and is adequate to meet current expenditures. 

In 2006 the board of directors approved a 5 year Capital Reserve Plan, to execute the expenditures outlined in the Capital Reserve Study.  To-date, the board is pleased that repairs and replacements are on time and under budget . 

Special Assessments

To-date, Special Assessments have remained substantially lower than other condominiums of similar calibre. The last assessment was in 2006. This assessment was the equivalent of 1.5 months condo fees. No special assessments are anticipated for 2007, 2008 or 2009.  There may be an assessment in 2010 that could average $2,500. per suite.

Condo Fees Increases

In 2008 condominium fees were increased by 6%.
In 2009 condominium fees have been increased by 3%.