minutes of annual general meeting strata plan lms 1978

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MINUTESOF ANNUALGENERAL MEETING STRATAPLANLMS 1978- RIVERSIDE GARDEN HELD:

on Monday,Novemb er 26,2007at6:30p.m.at the Fraserview Golf Course,7800VivianDrive,Vancouver

AGENT:

propertyManager, Edward_Jang, warringtonpcr Management property choco Gonzales, Assistant Manager, warringtonpcl

CALLTO ORDER Themeetingwas calledto orderat 7:00p.m.by the Councilpresident, SailWyatt,who alsochairedthe meeting QUORUM/PROXIES Property managerreported31 owner/proxies in attendance thereforea quorum. PROOFOF NOTICE It wasmovedand secondedthata noticedatedNovember 7, ZOOT waspropernoticeof themeeting. The motionwas carriedby a majority vote. APPROVAL OF AGENDA It wasmovedand secondedto approvethe agendaof the meeting.The motionwas carriedby a majorityvote. PREVIOUS MINUTES MOVEDandSECoNDEDto approvethe minutesof the lastAnnualGeneralMeeting heldon November 30, 2000as circulated. MotionCarried REPORT ON INSURANCE As requiredby the StrataPropeflyAct,a copyof the currentinsurancewas attachedto theagendaof tonight'smeeting.The property is insuredat a replacement valueof $ 1 3 , 4 4 0 ,0 0 0 .0 a n0di n cl u d eesa rthquakecover age.

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to doesnot coveranyupgrades Property insurance manageradvisesthatthe building floor floors Hardwood the stratalot suchas hardwood or moreelaborateappliances. insurance) wouldbe coveredunderthe insurance of unitowners(contents PRESIDENT'S REPORT- SailWyatt ThePresident, to theownersthattheyearhasbeenfairlyuneventful. SailWyatt,explained has been Themostnoticeable change services. TheStrataCouncildoes newlandscaping o n a d a i l yb a si s,mo n th l b y a si sandannualbasissuchas attendCouncilM eetingsm, ak e relatedto repairandmaintenance continual reviewoftheoperating decisions expenditures, Inaddition, thedutiesofthe budgetandpreventative maintenance andlongtermplanning. werediscussed, Committees dedicate various Maintenance Committees TheMaintenance a lotof timethroughout to whichthey the yearfor security, and landscaping maintenance arethanked. The President thankedCouncilmembersfor theirworkon Counciland as committee members. He alsothankedthe membersof the Maintenance Committee for theirwork requirements assessing the maintenance andprioritizing the work. TREASURER'S REPORT- DarrenMorris TheTreasurer reported on thefiscalyearoperating results. Hetoldtheownersthatforthe part most the expenseswere on target. Mr. Morrisreportedthe Contingency Reserve Fundis currently $96,478.42 TheTreasurer toldthe ownersthata budgethadbeenpreparedfor the nextfiscalyear expenses withan increaseof 5o/o for operatingexpenses.Theincreasein operating isdue to increases in TerasenGasrates,repairsandmaintenance and insurance.Thereis no increase of management feesfromWarrington PCIManagement. _ 2OO8 PROPOSED BUDGET2OO7 OPERATING TheTreasurer explained eachexpensecategory lineby line. The Treasurer madea motionto approvethe proposedoperatingbudgetfor the fiscal oeriodof November1.2007to October31.2008.The motionwas seconded. Therebeingno furtherquestions,the chairrequesteda show of votingcardsin favourof the motion.The motion carried with a majorityvote. AII owners are advised thatthe new monthly strafa fees will commence retroactive to November 1.

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SPECIALRESOLUTION 2OO7.A 'BE lT RESOLVEDTHAT the StrataCorporation includethe bylawsfor StrataPlan LMS1978 as follows: Movein Bylaw A non-refundable assessment of $100willbe leviedto theownerof anyunitonanymoveinto defraythecostto the StrataCorporation, whichincludes, butnotlimitedto,inspection of thecommonareasbeforeand aftermovingandadministration. Themovingpartywillbe responsible for anydamages to commonarea. Cartonboxes,cardboards and cratesof alikeusedfor the purposeof movingin mustbe discarded by the owneror resident.No suchitemsshouldbe leftbehindunattended or dumpedintogarbagebinor recyclebins.Thesebinsarenotdesigned to handlesuchbig items MOVEDand SECONDEDto approveSpecialResolution 2007-Aas presented. MotionCarried SpecialResolution2007-B "BE lT RESOLVEDTHAT the StrataCorporation includethe bylawfor StrataPlan L M S 1 97aBs fo l l o w s: Paymentof StrataFees An ownermustpaystratafeeson or beforethefirstdayof eachmonthto whichthe strata feesrelate.A latepaymentof fifty($50.00) dollarspermonthwillbe assessed against the stratalot in arrearsby morethan 30 daysandbecomepartof the monthlyassessment of thatowner. MOVEDandSECONDED to approveSpecialResolution 2007-Bas presented. MotionCarried N E WB U S IN E S S Ownersare advisedto inspectthe exteriorwallwherethe fireplacevents. lf the exterior wallis black,then it is the owner'sresponsibility to havetheirfireplaces inspected and (adjustment serviced mayberequired). Owners areadvised to contactthe management companyif maintenance is required such as doorsnot latchingproperlyfor securityreasons.

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EL EC T ION OF C OU N C IL that,at thistimethepresentCouncilmustresignanda TheProperty Managerannounced newCouncil electeduntilthe nextAnnualGeneralMeeting2008. the pastyear. Thepresentcouncilwerethankedfor theirhardworkthroughout for Council: TheChairreouested nominations and eachhadbeenseconded. The nomineesaccepted. Thefollowing werenominated DarrenMorris Leo Liu SailWyatt F e l i xS a l d anha AnizJiwani ChrisSeltenrich Mark #22 Matt#2 Residentsare remindedthat they are not permittedto disposefurnitureor largehousehold

itemsin the bins.Please

rateto maintainan

wastemanaqement

in All Ownersareremindedthatall issuesotherthanemergency itemsmustbe reported writinoto WarrinotonPCI Manaqement.

AD J OU R N ME N T ThePresident thankedthe ownersfor theirattendance at thismeeting.Therebeingno furtherbusiness, the meetingwas adjourned at 8:35p.m.

dwardJang,SeniorP ropertyManager Adentfor StrataPlanL MS1 9 7 8 i\ I

l\

\ttarrjr\ton PCIManagement,1700- 1030W. GeorgiaStreet Vandou[er,B.C. VOE2Y3 Tel;f60{) 602-1887,Fax: (604)688-2328

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SCHEDULE A (RIVERSTDE STRATAPLANLMS1e78 GARDENS) OPERATING FUNDBUDGET FORTHEYEARNOVEMBER 1,2007TO OCTOBER31,2008 ocT 31/06 ACTUAL REF

OPERATING FUNDREVENUES

3550 StrataFees 3550.2SpecialLevy 3506 lnlerest 3608 Miscellaneous 3557 Operating FundSurplus-Prior Period TOTALOPERATING FUNDREVENUES

6005 6007 6009 6015 6105 6203 6204 6208 6302 6304 6306 6410 6 4 1 '1 641 1.1 6412 6450 6608 6609.2

ocT 31/07 ocT 31/07 oCT31/08 BUDGET PROJECTION BUDGET

OPERATING FUNDEXPENSES BankCharges Management Fee Office Enterphone Alarms/lnspection G as Electricity Water& Sewer Suoolies Janitorial WasteRemoval P es tCont r ol G r ounds M ain te n a n c e GroundsMaintenance-Extra's SnowRemoval Repairs& Maintenance Insurance Audit TOTALOPERATING FUNDEXPEiVSES NETBEFOREOTHERFUNDS

6460 Contingency Reserve FunclTransfer 6460.1 SpecialLevy TOTALOTHERFUNDS oPERAT|NGFUNDSURPLUS(LOSS,, TR AN S F E R TO CRF P RO J E CT ED OP ER AT INFGU N DD E F IC IT O P E RA T I NG F U N D. E N DOF PE R IOD P RO J E CT EID N C R E ASIN E ST R AT AF EE S

$161,765 $50,001 $510 $125 $171 $212,572

$169,384 $500 en $ 169,884

$169,365 $385 $554 $0 qn

$170,324

s500 $0 $178, 353

$28,775 $21,2s6 $1,495

$8,500 $4.200 $1,100 $18,000 $3,200 $300 $30,794 $21,000 $1,350

$21,214 $1,350

s200 $15, 396 $2, 000 $1, 200 $3,000 $19, 000 $10, 000 $14, 000 $0 $9, 500 $6, 200 $1, 100 $21, 600 $1, 800 $300 $35, 263 $21, 000 $1, 350

s'147,421

$154,440

$158,231

$162, 909

$ 6 5 , 15 1

$1s,444

$12,093

$ 1 5 ,4 4 4

$ 14 , 7 0 6 $50,000

$15,444

$15,444 $0

$ 1 5 ,4 4 4

$64,706

$15,444

$15,444

$15, 444

$206 $15,348 $1,679 $1,382 $4,025 $19,359 $11,rs6 $12,6',t2 $0 $9,409 $3,837 eooA

$15,906

$200

$196

$177853

ql E 1C t4

q1 q " oA

$2,500 $1,400 $2,000 $19,000 $10,000 $15,000 cA nn

$444

s0

($444) $0

$0

s0

$1,749 $1,126 $5,093 $19,744 s10,208 $12,666 OU

$9,734 so,ouo $ 1,098 $13,429

s0 $1,823

($3,351) qQ ?q.t

$0

$0 $0 $0

5.00%

B SCHEDULE GARDENS) STRATAPLANLMS1978(RIVERSIDE STRATAFEESCHEDULE FORTHEYEARNOVEMBER1,2007TO OCTOBER31,2008

S/L & UNIT I -; .+

5 o

1 8 l0 il l2 l4 l5 l6 t7 t8 l9 ?0 :l

?2 23 24 25 26 27 28 29 30 3l 32 JJ Jrt

35 JO

38 39 40 4l llJ

43 44 45 46 ,11

48 49 i0 5t

TOTAL MONTHLY MONTHLY MONTHLY OPERATINGCONTINGENCY STRATA FUND FEES U/E FUND 13.03 s 136.97 $ 150.00 830 $ 1 2.32 $ t 41.87 785 $ 129.55 $ 1 5.22 S 17s.30 160.08 $ 970 $ 15.71 $ I 80.90 1, 0 0 1$ l 6 i .t9 $ 1 7.97 $ 206.93 I,145 $ 1 8 8 .9 6 $ 15.07 $ r 73,50 1 5 8 .4 3 $ 960 $ 17.97 $ 206.93 I,145 $ 18 8 .9 6 $ 1 5.71 $ r 80,90 I ,001 $ 1 6 5l.9 $ t 7.97 $ 206.93 r,145 $ 1 8 8 .9 6 $ 1 5.60 $ 179.64 1 6 4 .0 4 $ 994 $ t 7.97 S 206.93 I,145 S 1 8 8 .9 6 s 12.96 $ t49.27 8 2 6 ti t3 6 .3r $ 12.32 $ | 41.87 785 $ t29.55 $ 1 5.22 $ 175.30 970 $ 1 6 0 .0 8 $ 1 5.71 s | 80.90 r,00r $ 1 6 5 .r9 $ 1 7.97 S 206.93 I,145 $ 18 8 .9 6 $ 1 5.07 $ | 73.50 960 $ 1 5 8 .4 3 $ 1 7.97 S 206.93 r , t4 5 $ t8 8 .9 6 $ 1 5.7r $ 180.90 1, 0 0 1$ 1 6 5 .t9 $ 1 7.97 $ 206.93 l, t 4 5 $ 1 8 8 .9 6 $ 1 5.60 $ r79.64 994 $ 1 6 4 .0 4 $ 1 7.97 S 206.93 1,r4 5 $ ; I 8 8 .9 6 $ 2 0 7.6 1 $ 1 9.74 $ 227.35 1, 2 5 8$ t,258 $ l ,258 $ 1, 2 5 8S r,258 S f ,258 $ t,258 $ r,258 $ I,258 $ I,2s8 $ I,186 $ I , t8 6 $ I , r8 6 $ I,186 $ I,186 $ I,186 $ I,186 $ I,186 $ 1, 2 5 6 $ I,176 $ I,189 S 1, 2 6 3$ I,189 $ I,189 $ 1,263 $i I,189 $ 1, t8 9 s 1, 2 6 3' I,189 $

2 0 7 .6 1 $ 2 0 1 .6 1 $ 2 0 7.6 1 s 2 0 7.6 1 $ 201.61 $ 2 0 7 .6 1 $ 2 0 7 .6 1 $ 207.61 $ 2 0 7 .6 1 $ 1 9 5 .7 3 $ 1 9 5 .7 3 $ 1 9 5 .7 3 $ 1 9 5 .7 i $ 1 9 5 .7 3 .$ 1 9 5 .7 3 $ 1 9 5 .7 3 $ 1 9 5 .7 3 s 2 0 7 ,2 8 $ 1 9 4 .0 7 s t9 6 .2 2 $ 2 0 8 .4 3 $ 1 9 6 .2 2 $ 1 9 6 .2 2 $ 208.43 $ t9 6 .2 2 $ 1 9 6 .2 2 $ 2 0 8 .4 3 $ t9 6 .2 2 $

1 9.74 $ 1 9.74 $ 1 9.74 $ 1 9.74 S 1 9.74 S 1 9.74 S 1 9.74 $ 1 9.74 $ 1 9.74 $ 18.61 $ 1 8,6r $ 1 8.61 $ 1 8.6r $ 1 8.61 s 1 8.6r $ 1 8.6r s 18.61 $ 1 9.7r $ 1 8.46 S 18.66 $ 1 9.82 $ 18.66 S 1 8.66 $ 19.82 $ 1 8.66 $ 18.66 $ 19.82 $ 18.66_-L t'\

f?) '-92

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