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Hi Flat Chatters,
New to high rise apartment living and looking for thoughts on OC levies.
There will be 4 towers of mixed height, 1st stage settled then 2nd stage settled 3 weeks later the other 2 stages will settle over the next 12 – 15 months.
Our OC levies were very inflated on settlement, it seems the developer (oc owner) has lumped the costs for the 4 OC’s for the 1st year on to 1st building.
OC levies during purchase quoted approx $5 – 6 k, at settlement figure was just under $13k.
Some 3 months later we have received a credit/refund due to the 2nd stage settlement, budget was reset as liability units went from 7,900 to 32,000.
Is this normal as in my simple brain our stage should have only been responsible for 7,900 liability units with the developer covering the balance until the next stage settled.
Have searched everywhere but cannot find info on staged developments, no mention in the “Act or Regulations”.
Very grateful for any advice or experience shared.
tgob
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