A condo board can impose a special levy in certain situations, for example to: Pay for unexpected and urgent maintenance, repair or replacement of the corporation’s real and personal property, common property or managed property Cover unexpected shortfalls in the operating account Increase the balance of the reserve fund to meet the requirements in a reserve fund plan Pay for capital improvements (a special resolution is needed) Satisfy a judgment against the corporation or For any other purpose under the Condominium Property Regulation