Dear Owners and Residents of WNCC 49,
The Board of Directors held a meeting on February 19, 2026, and passed several important motions regarding the governance and financial management of our community.
As part of our commitment to transparency, cost-savings, and accountability, the Board has voted to take direct control over all major capital projects.
Effective immediately, Weigel Property Management’s delegated authority to oversee, tender, negotiate, or manage any capital expenditure projects (including the Dominion Windows project and the flat roof project) has been suspended.
By stepping in to directly coordinate these projects, the Board aims to save the Corporation significant project management fees and ensure your voices are heard.
Furthermore, the Board has formally reaffirmed WNCC 49 By-Law No. 2, Article VIII (b), ensuring that all future contracts and binding documents require the signature of two Officers or Directors.
Other Financial Updates: The Board has also updated the loan buyout calculations for the CWB loan. Moving forward, the 10% annual prepayment privilege will be restricted to the Corporation level. This means the Corporation will make the 10% prepayment to CWB annually, and the saved interest will be directed into the reserve fund to benefit every owner.
Thank you for your continued support as we work to improve the financial health and governance of WNCC 49. If you have any questions please do not hesitate to reach out on WhatsApp or email us at team@wncc49.com.
Sincerely,
The Board of Directors, WNCC 49
Kris Lamb, Helen Huang, Alice Yang, Rushell Murray, and Angela Saldanha