Owners of the L Tower voted at a June 29 meeting to remove its now-former board of directors and elect replacements, Toronto Standard Condominium Corporation No. 2449 reported in a news release issued yesterday by Duka Property Management.

The meeting was requisitioned under section 46 of the Condominium Act, which requires the support of owners representing at least 15 per cent of a corporation’s units to proceed. The meeting was called after reporting by the CBC relating to the now-former board raised concerns for owners, which the news release cited as one of the reasons for the requisition.

The removal of directors requires the support of owners representing more than half of the units in a corporation, as per section 33 of the Condominium Act. At the 57-storey, Daniel Libeskind-designed L Tower, 363 owners in the 591-unit condominium voted in favour of removing its now-former board.

Owners voted to elect as their new board Eric Sprott, Fauzia Ahmed, Jim Smith, Steve Szentesi and Francis Fernandes, who collectively possess accounting, business, condo board and legal experience.

“We are pleased to announce this important change in the leadership of the L Tower in Toronto, which is one of the city’s most iconic and prestigious condominiums,” said the president of the L Tower’s board of directors. “The new board of directors, all of whom live or own units in the building, looks forward to advancing the interests of owners and maintaining and improving this landmark Toronto condominium.”

The performance audit, completing the final stages of construction, the reserve fund, aesthetic enhancements and ensuring owners receive value for service will be top of mind as the L Tower’s new board focuses on major building priorities to start.