Five-Nine on Roosevelt is governed and managed by a volunteer board of directors. In the condo world, this is referred to as “self management,” because we do not employ an outside full-service management company.

There are five members on the board, who are elected by the owners to 3-year staggered terms at the Annual General Meeting. The board operates under the authority of the provincial Condominium Act, and the corporation Declaration and By-laws.

Each year the board designates members to hold the positions of President, Vice-President, Secretary and Treasurer. Individual board members also assume responsibility for a number of specific “portfolios” required to manage both day-to-day operations and longer term planning. Non board members also assist with tasks on behalf of the community, with the board’s approval. A professional CPA firm handles our bookkeeping, and the finances are subject to annual audit by an independent firm. We engage a number of qualified firms and professionals to provide routine services and maintenance, and responses to repair issues. A professional Reserve Fund Study is completed every five years to assure that we are setting aside sufficient funds to pay for major replacement and repair costs in the future.

A detailed outline of how the Five-Nine corporation and community of residents operate is contained in the Guide for Owners and Residents, available by logging in to the Chopas portal.

The board does not engage with prospective purchasers or renters of units. These matters are in the hands of unit owners and real estate or property agents.

Members of the board for 2025-26 are:

• Mark Graesser, President
• Chris Belbin, Vice-President
• Anne Benson, Secretary
• Barbara Myles, Director
• Sharon Connolly, Director