notice of annual general meeting strata plan lms 1978
NOTICEOF ANNUALGENERALMEETING STRATAPLANLMS 1978 DATE:
November6,2007
TO:
THEOWNERS,STRATAPLANLMS 1978
FROM:
PCIMANAGEMENT WARRINGTON EdwardJang,SENIORPROPERTY MANAGER
PLEASETAKENOTICETHATTHEANNUALGENERALMEETINGOF STRATA PLANLMS1978(RiversideGardens)WILL BE HELDAS FOLLOWS: DATE:
Monday, November 26, 2007
TIME:
Registration: Meeting:
6:15 pm
7 : 0 0p m
LOCATION: Fraserview Golf Course, 7800 Vivian Drive. Vancouver.
TheAgendafor the Meetingand supporting documentsare enclosedwiththis Notice. Pleasereadthis materialpriorto the Meetingand bringit withyoufor reference.lt is important thatstratalot ownersattend,becausethe businessdiscussedis to be decidedbv the owners. PURPOSE:
To approvea 200712008fiscal operatingbudget (year-endOct 31); and elect a stratacouncil.Nominationsfor Councilmay be made by any eligiblevoter.
QUORUM:
In orderto conductthe businessof the AGM, at leastonethird of the personsentitledto vote must be presentin personor by proxy. lf you are unable to attend, please complete a PROXY form (attached) and forward it to a neighbour or friend.
N:\Property_Manasement\Strata\208Riverside Garden\AGM\2007?ryO\E.06.Nov 2007.doc ((/
VOTING:
priorto Ownersare encouragedto seftletheiraccount,if outstanding, theAnnualGeneralMeeting.lfyourequirethe statusofyouraccount, pleasecallthe Accountant PCI Management at Warrington (604)602-1887.
BUDGET:
(51%) Inorderto pass,a budgetmustbeapproved bysimplemajority person persons present (either in or by of all entitledto votewhoare proxy).
SPECIAL mustbe approvedby 75%of RESOLUTIONS: ln orderto pass,a specialresolution
all personsentitledto votewhoare present(eitherin personor by proxy). PROXY:
A formusedto acknowledge attendance andregistera vote(ifunable to attend)as registeredownerof a stratalot. A proxyshallbe in writingandsignedbytheappointer or hisaitorney,andmaybeeither generalor for a particular meeting.A spousenot registered on title mustsubmita proxyto vote. Eachstratalot is entitledto onevote.
N lProperty_Management\StralaU08RiversideGardenlAGNr\2007\AGl\4 NOTlCE.06.Nov.2007.doc
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golfcourse at 7800 Vivian St: clubhouse Map to AGM meetingthe Fraserview l.lrjtfrai
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STRATAPLANLMS 1978 AGENDA 1.
Registration at 6:30PM
2.
Callto Order
3.
Determine Quorum
4.
Determine Chairof Meeting
5.
Calling the Roll,Certifying Proxies andlssueVotingCards
6.
Proofof Noticeof Meeting
7.
Approvalof Agenda
B.
Approval of the lastAGMminutes - November 30,2006
L
Business Arising: 9.1 InsuranceReview(SeeAttached) 9.2 Presidents Report 9.3 TreasurersReport 9.4
Budget
9.5
% SpecialResolution 2007-A (BylawAmendment) 2007-B (BylawAmendment)
10.
NewBusiness
11.
CouncilElection
12.
Adjournment
N:\Property,Management\Strata\208Riversidecarden\AGM\2007\AGMNOTlCE.06.Nov.2OO7.doc
/'7- \ ( (l--)
ehrW insurance
RESIDEHTIAL STRATA F ROGRAIVI Gertificate of Insurance
Name of lnsured & Mailing Address: The Ownersof StrataPlanLMS1978 c/oWarrington PCIManagement 1700-1030 WestGeorgiaStreet Vancouver, BC V6E2Y3
Name of Broker & Mailing Address: CMWInsurance Services Ltd. 700-1901 Rosser Avenue Burnabv, BC VsC6Ro
Location of Risk:
2711- 2713- 2723- 2727& 2733EastKentAvenue,NorthVancouver, BC V5S 3I9 2728 ChandleryPlace,NorthVancouver,8C VsS 456
Period of Insurance:
June21,2007 lo June 21,2009 Bothdatedto 12:01am StandardTimeat the addressofthe Insureo.
Total Premium:
$20,466.
Coverage provided under lhis ceftificate is only for those coverages specified below and is subjecl lo all ietms, condilions, provisions, limitations and exclus/ons as set out in the Master Policies identified herein.
A. PROPERTY MasterPolicyNo.CDN 1932 InsuranceCompany: Waiverof Subrogation;
Premium(SectjonA): $ 18,816. certificateNo. RCP01026 As per Scheduleof SubscribingInsurersattached The lnsurersrightsof subrogationare waivedagainst WarringtonPCI Management
Section SumInsured
Descriptionof Coverages
$13,11!r0!0
_ r PropertyqlEyqly !eegllpl!9[
A1 A1
A2
Nol Covered Insured
- 12-llgdlCfnqgMjll l_BlsinessInterruption I BlanketGlass
Conditions: All Risksof directphysicalloss or damageto propertydescribedat Locationof Risk shownabove. Basisof LossSettlement- ReplacementCost includingBy-Laws. Guaranteed Replacement Costsubjectto an appraisalbeingfiledwiththe Insurersand datedwithin12 monthsprior to the effectivedate of the policy, Failingto do so, the policyshall be subjectto StatedAmountCo-insurance. SpecialConditions: Propertyadditions, alterations and repairsare subjectto a limitof 10%of the Sum Insured,with a maximumof $500,000.Coverageis not providedfor any additions,alterationsor repairswhich are in excessof thissub-limit unlessreportedto and specificallyagreedto by Insurer(s)priorto the commencementdate. Deductibles: All Losses$1,000.except: Water Damage$5,000.;Sewer Back-up95,000.;ResidentialGiass Breakage$ 100.: N4aster Key $250.;Earthquake 10% of the valueof the building(s) involvedin the loss(minimum$100,0b0.); Ftood $10,000.; Lossor damagecausedby lllegalDrugActivityas defjnedunderStandardConditions 91,000. Loss Payable: To the CondominiumCorporation(Subjectto the SirataPropertyAct or similarstatutein the provinceof lurisdiction) of the premiumspecifiedhereinand subjectto the termsand conditionsof l\,4aster , ln consideration Policy CDN 1932and endorsement(s) attachedtheretoand hereto,insuranceis providecl to the NAI\4EDINSUREDto an amount not exceedingthe SUM INSUREDspecifiedin this Certificateor in any endorsement(s)attached hereto, but in 1o9yg!!l99lc-eS! Filly l!11!ro!qollaFl$_qgp,9o_ro9!.Jllqny one toss or occurrence.
\3) i-rurc r1n{,r'\. anr,;'r'lithteI l1f Atf!:F tf,ft"llClll.Iirv iifvrff .i.liF !uinllhr.t- tlA\"AflI E
B. BOILER & MACHINERY MasterPolicyNo. CDN 19328M InsuranceCompany: Deductible(SectionB): Loss Payable: Waiverof Subrogation:
Section Limits of _B
ot Comprehensive IncludingBy-laws. Boiler& Machinery,
_
(24hours GrossRents- 12Monthslndemnitv
B B
$50,000.ExtraExpense
C. LIABILITY
PROTECTION
[,4asterPolicyNo. CMWLIA03/06 Insurance Company: (SectionC): Deductibles AdditionalNamedInsured:
Section
(Section Premium B): $150. CertificateNo. RCPo10268M Commonwealth Insurance Company 1500-595 Burrard Bentall Towerlll, Street, Box49115, Vancouver, BCV7X1G4 $500. (Subjectto theStrataProperty To theCondominium Corporation Actor similarstatutein theprovince of jurisdiction) TheInsurers rightsof subrogation arewaivedagainst Warrington PCIManagement
Premium(SectionC):
$670. CertificaieNo. CMW C210'1 St. PaulFire& lt4arine insuranceCompany 2500-650West GeorgiaStreet,PO Box 11542, Vancouver,BC VOB4N7 BodilyInjuryand PropertyDamageEachEvenl $'1,000. $ 10,000.LimitedPollutionLiabilit, WarringtonPCI Management for theirmanagementof StrataPlan LMS1978.
Limits of Liabil GeneralTotalLimit GeneralTotal Limit PersonalIniurvand AdvertisinoI Productsand ComoletedWork Total Limit
c c c
$10.000.000. - $10,000,000. s1 p00000.
c
_jso919p-
U
c
LrmitedPollutionLiabr!1)/ Limit _
OJU UIUUU'
ll5o,ooo
Volunteer AccidentPrincipalSum WeeklvGrossWaoessubiectto maximumof Benefits- Total Limit EmployeeBenefits- EachWrongfulAct Limit
LIABILITY D. PROFESSIONAL (SectionDl ): MasterPolicyNo. 501148987 lvlasterPolicyNo. 501148986(SectionD2): lnsuranceCompany: Deductible(SectionD1); (SectionD2): Deductible Name o{ Insured(SectionD2): Section
NiI
$1,000. Warrington PCIManagement Descriptionof Coverages (Errors& Omlssions) Directors & OfficersLiability PerWrongful ActandAnnualAggreqate Costs Discrimination Defense PerUnsuccessful Actionor Complaint
Limits of Liability
D1
$2,000,000,
D1
Not Covered
D1 D2
lelgeYery!
Premium(Section D): $550. No.CMWD1129 Certificate Certificate No.CMWE1129 of Canada INGInsurance Company BC V5M4X0 400-2955 VirtualWay,Vancouver,
DefenseCosts - AnnualAggregate Discrimination Errors& OmissionsLiability Per WrongfulAct and AnnualAggregate
$1 ,000,000.
Premium(SectionE): $280. CertificateNo. CMW C210'1 St. Paul Fire & MarinelnsuranceCompany 2500-650West GeorgiaStreet,PO Box 11542, Vancouver,BC V6B 4N7 $500,
E. CRIME PROTECTION l\4asterPolicyNo. CMWLIA03/0€' Insurance Company: Deductible(SectionE): Limit of Liab
Descriotion of Coveraqes
E
$5,000.
BroadForm li/oneyand Securities
E
I $25,000.
Section
EmployeeDishonestyCoverage- Form A, Comprehensive I Dishonesty,Disappearance & DestructionRider
The insuranceprovidedby this individualCenificateis subjectto all terms,conditions,provisions,limitationsand exclusionsof Master Policy Number CDN1932,CDNl932BM, CMWLIA03/06,501148987and 501148986and may be canceledby the Insurersby registeredmailwiththirtydays noticeor as providedby the MasterPolicy ln the eventof lossor damageor any changein risk,immediatenoticemust be givento the insurersor to the broker.
S U BSC R IBING INS URE RS Section A, PROPERTY
N,4aster PolicyNo. CDN 1932
CertificateNo. RCPO1026
The interestof each insurerhereunderis individualand not joint,and whereverany rightor privilegeis retainedby the insurers, such rightor privilegemay be exercisedbyeach insurerindependently.The liabilityof each of ihe Insurer(s)shallbe limitedto that proportionof the loss which the percentageof liabilityset againstthe name of the individuallnsurer bears to the total amounl insured hereunder.
Insurers Commonwealth Insurance Company Company St. PaulFire& MarineInsurance St.PaulFire& Marinelnsurance Company
Section A1
Interest
Premium
s0%
$9,408. $9,408, Included $ 18,816.
500/0
A2
100%
June 19,2007
CMW Insurance Services Ltd.
E&OE/ LMSl 978/GOR/LR/Revsepr I 806
(Authorized Representative)
SEraEe Pfan l,l4s 19?g {Riverside StaCement of Operating pund6
cardens)
(0208
10 / 11/200 ? P age: t :48P M sE el l a
F o! pe riod e nd ing Sept em beJ i30. 200? Division6: RiverEide cardenE CurredE
lrtoflth AcEuat
Currcn! Month
Year to Date Lct.ual
47. 61
35 .00 0.05 56.41
OlreraEing Fund RevenueE Parking Revenue Residential SErata Fees Inlerest Income
1 .4 , 1 5 ? 0 0
91 .46
Total
3S.0 0 1 4.1 15 .38 98 .08 t4,2 48 .46
Curren! MonLh Var ia n c e
0. 00
1'7_28 {0 .10 0.0 0 3 . 0 99 . 1 4 0 .00 o -00
0. 00 f , 500. 00
? 08 .09 6 85 . 00 1 ,28 3 . 00 94 .A7
1. 583. 33 750. 00 1. 283. O 0 91 . 6?
25. 00
1 23 -t3
3S0. 00 208. 33
1.7 05 .50
1, 250 . 00 l, ?50 . 0o
0. 00 1, 59 9 . 1 4 (2S,00) 70 8 . 5 2 { 87 5 . 2 4 } (55 -001 0.00 3.?0 (90.50) (65.00)
17,791_ t 8
(44-s0t 5, 03 3 . 5 7
(4 ,9 42.2r1
Operating
Fund Revenues
operating Fund Expenses Bank Chatges AIarms Account ing Fee6 Grormd Hainienance Grornd InDrovefterlt Snor,, Renoval Electricity Gas Janitorial Managernent. Fees Pest Contlol Repair&MainE.-Connon ScavengiDg/Recyclirg Office H(:pense Telephone/Pager Sewer & ItaEe< Insurance Total
OperaEing
r,3 9 9 .4 9
r.28 7-0 0
1 ,2 8 ? .OO
0.00
Other E apenEes Tsf to (front contigency
1,287-O0
1 ,2 8 7 .0 0
0.00
ToEal Other
ConEinued on nex!
page. . .
Operating
Pund Before
Expenses
to D aE e sudget
Y ear
E o D ac e V ai i anc e
3 5 0 . OO 155, 259- 18 5 5 9- 9 6
155.268.63 454.3?
3 5 0 - OO o -55 lo1_ 59
I55, 179 .1.4
f55, ?2? . 00
452.\4
o. o0
( 1 .6 9 ) 0 .0 0 0 .0 0 1, 823, 0O 1 0 , 1 SO.3 2 1 8 , 6 sl . S0 9. 048. 50 1 4 , r 1 3 .0 0 I,0 0 2 .1 6
1 ,f,5 0 - 0 0 1 5 . 5 0 0 ,0 0 2 7 5 .OO 1 ? .4 1 6 .6 3 8, 250 . 00 14, 113 . 00 1, 008 . 3? 2 g ,2 2 7 .A7 3, 850 . 00
911-19 1 9 , 5 0 S_5 0
Fund Expenses
13 ,54 2 _ 12 t
Y ear
Other Re6erve
1 5 0 ,4 5 8 ..t6
1 3 .? 5 0 ,0 0 t- 9 ,2 5 0 - 0 0 1 4 1 ,5 8 2 .5 1
5 , ? 2 0 .6 8
( 1 , 3 5 0 - O0 ) 1 2 ,9 7 a .3 1 ) t2 ,9 3 r - 3 7 ) 1 ,5 4 4 - 0 0 983 -59 7 9 8 .5 0 0 .0 0 ( s.5 1 .) ? , 5 9 3 .3 0 (114 _21) ( 3 0 s. s8 ) {1 ,1 5 7 .3 1 ) 2 5 8 ,5 0 8, ??5 . 85 ( a ,3 2 3 .7 1 ]
L4, 157, 00
14. 15? . 00
0 .0 0
1 4 ,1 5 7 _ 0 0
14, 157 . 00
0-00
S t rat a P f a n L t 4 s I 9 ? 8 { Rive r sid e S laEem e n t o f O p e r : a t in g F u n d s
Ga r d e n s)
{ 0208
)
l 0/ 11/ 2 0o? P age: l r q 8P l "l sE e1l a
2
e n d i . n g S e p le m b e r 3 o ,2 o o ? F or pei i o d Div is ions : Riverside Ga r d e n s
Currents
l'lonlh AcEual,
14.829 .72)
End of
Financial
CurrenE
MonEh Bu d g e t
! r 2. 49
S tsa te m e n L
Y ear
Monbh Current Va r ia nce
. 4, 942 - 2 L J
O p e r a E i n g S u r : p l u s {D e i i c i t )
to D ate A c E uaf
{8 ,4 1 6 "3 2 )
Y €ar
to D ate Budget
{ r 1 2 .6 1 )
Y ear
to D ate Va!_iance
( 8 ,1 2 1 .7 1 )
0208 Strata Plan LMS 1978 (Riverside Period Ending 09/3D /200'1 ToEal Company Budget Code t OR E |r'l
P aget LO/7L/2007 t ! 2oP M steLla
q h a aF
:n ..
Current MonEh
DeacripElon
Year Lo
ASSETS CurrenE AsseEs HSBC SE.raEa Trust HSBC Trust. Savings PeEUy Cash Ac cor.inEs Receivable Dt-n n r
i d
- owners
Tna,,r :r - o
Eguipment Accum. Dep'n Eguipment Current
(8 , 44s .7 6\ 9,67L.25 0.00 386.74(1,705.s0) (9,083.64)
500.00
0.00 toi
AEseEs
TOTAT ASSETS LIABIIJITIES
5,28r.74
't?\
193.2'7)
103 , 966. 87
AND OI4NERS
LIABILITIES Current Liabi li ties Account.s Payable - suppliers A^^A!r-F
e
Dar?.1-r'1
a
-
?
oEher
Curren! Liabi 1i Ei-es
K q4
?A
(442.20)
3 , 2 r2 . 0 8 3,2L2.04
TOTA! I,IASIITTIES
OWNERS FUNDS year OperaEing Fund, currenc c apiual, closing Ba l a n c e CRF , Closi n g Balance
la
ata
'7tl
o. oo L,524 -37
End of
Frnancial
& FUNDS
sEaEemenE
(s ,436 .32 j 106. SS 96 , 478 .42 88, 148. 98
?OTAL OWNERS FT'NDS
TOTAL IJIABILITIES
ta,760.o9 1,05? .80
(93 -27 |
103 , 955 . B?
0208 StraEa plan LMS 1978 (Riverside Period Ending 09/30 /2oa7 BudgeE Code: OR ToLal company Balance SheeE - Schedul e
capital Fund caFiEaI contributions Lar
Balance
capi EaI , Closing
contingency Reserve Fund cRF, opening Balance rrDF
..^hFa-i
l-\trF
i
^n€
CRF , f nE er es t r-aF
a]
End of
^ci
PageI ro/Ll/2007 stella 11:14Alv1
Year Eo
CurrenL Month
Description
L a }Jr.
Gardens)
hd
Ri
Financial
l r n.a
statemenL
0.00 0.00 0.00
0.00 L ,2B7 . OO 237 .37
qo
nnn
n4
106. 88
79,2 72. 50 14,1 57. 00 3 , O 48 . 92 96 , 414 . 42
SCHEDULE A (RIVERSIDE STRATAPLANLMS1978 GARDENS) OPERATING FUNDBUDGET FORTHEYEARNOVEMBER 1,2007 TO OCTOBER 31,2008 ocT 31/05 ACTUAL REF 3550 355 0 .2 3506 3608 3557
600 5 6007 6009 60 '1 5 61 0 5 6203 6204 6208 6302 6304 0306 641 0 641'l 641 1.1 64 1 2 6450 66 0 8 6009 .2
OPERATINGFUND REVENUES StrataFees Spec ialLev y Interesl l\iliscellaneous OperatingFundSurplus-Prior Period TO T A LO P E RA TIN G F U N DR EV EN U E S OPERATINGFUND EXPENSES Ba nkChar ges ManagementFee Office En t er phone Al ar m s / lns pec t io n Gas Electricity Water & Sewer Supplies Janitorial Waste Removal Pe s tCont r ol Groundsl\.4aintenance crounds Maintenance-Extra's Sn ow Rem ov al Repairs& Maintenance In s ur anc e Au dit TOTAL OPERATINGFUAIDEXPFIVSES NET BEFOREOTHERFUNDS
6460 Contingency ReserveFundTfansfer 6460 .1 Sp ec ialLev y TOTALOTHERFUNDS OPERATINGFUND SURPLUS lLOSS) T R AN SFERP RO J E CT E D F U N DD EF IC ITT O C R F O P ER AT IN G OP E RA T I NGF UN D- EN DO F PE R IOD PROJECTEDINCREASEIN STRATAFEES
oct 3'llo7 ocT 31/07 ocT 31/08 BUDGET PROJECTION BUDGET
$161,765 $50,001 $510 $'12s $171
$169,384
$212,572
$169,884
$206 $15,348 $1,679 $1,382 $4,025 $19,359 $1' 1,136 $12,612 $0 $9,409 $3,837 $996 $' 15,906
$28,775 $21,256 $' 1,495
$500 $0
$200 $15,396 $2,500 $1,400 $2,000 $19,000 $10,000 $15,000 $500 $8,500 $4,200 $1,100 $'18,000 $3,200 $300 $30,794 $21,000 $1,350
$169,385 $385 $554 $0 $0 $170,324
$196 $15,396 $1,749 $1,126 $19,744 $' r0,208 $12,666 $0 $9,734 $6,606 $1,098 $13,429 $0 $ t,823 $36,798 $21,214 $1,350
$'177,853 $500 $0 $178, 3s3
$200 $15, 396 $2,000 $1, 200 $3,000 $19, 000 $10, 000 $'t 4, 000 $0 $9,500 $6, 200 $1, 100 $21, 600 $1, 800 $300 $35,263 $2'1, 000 $1, 350
$147,42',1
$154,440
$1s8,231
$162, 909
$65,151
$15,444
$12,093
$15,444
$ 14,706 $50,000 $64,706
$ 15,444
$15,444 $0 $15,444
$15, 444
$15,444
$444
$0
($444)
$0
$0
($3,3s1)
s15,444 $0 $0
$0
$0
5.00%
B SCHEDULE GAROENS} STRATAPLANLMS1978(RIVERSIDE STRATAFEESCHEDULE 31,2008 1,2007TO OCTOBER FORTHEYEARNOVEMBER
S/L & UNIT I 2 3 4 5 6 '7 8 9 t0 ll l2 l3 t4 l5 l6 t1 l8 19 20 21 22 23 24 25 26 2'l 28 29 30 3l 32 33 35 36 37 38 39 40 41
44 45 46 48 49 50 5l
vtE
TOTAL MONTHLY MONTHLY MONTHLY OPERATINGCONTINGENCY STRATA FEES FUND FUND
830 $ 785 $ 970 $ 1,001$ 1,145$ 960 S 1,145$ t,001 s 1,145$ 994 $ 1,145$ 826 $ 785 $ 970 $ 1,001s 1,145s 960 $ l, r45 $ 1,001$ 1,145$ 994 S t,t 45 s I,258 $ 1,258$ 1,258$ 1,258$ 1,258$ 1,258$ 1,258$ 1,258S t,258 $ 1,258$ t,186 $ r,186 $ 1,186$ t,186 $ I,186 $ r,186 $ 1,t86 $ I,186 $ I,256 $ I,r 76 $ 1,189S I,263 $ 1,189s 1,189$ t,263 $ 1,189$ 1,189$ t,263 $ I,189 $
136.97 $ r29,55 S t60.08 $ 165.19 S r88.96 $ 158.43 $ 188.96 S t65.l9 $ t88.96 $ t64.04 $ t88.96 $ t36.31 $ 129.55 S 160.08 $ t65.l9 S r88.96 $ 158.43 $ 188.96 $ 165.r9 $ 188.96 S 164.04 $ 188.96 s 207.61 S 207.61 $ 207.61 $ 207.61 $ 20't.6t s 207.61 $ 207.61 $ 207.61 $ 207.61 $ 207.6) $ 195.73 $ 195.73 $ 195.73 S 195.73 $ 195.73 $ 195.73 $ 195.73 $ 195.73 $ 207.28 $ 194.07 $ 196.22 S 208.43 $ 196.22 8 196.22 $ 208.43 $ i96.22 $ 196.22 S 208.43 S 196.22 $
l3.03 l2.32 l5.22 15.7t t'7.97 15.07 t'7.97 15.',|| t7 .9'7 15.60 l7.97 12.96 12.32 l5 -22 t5.71 t7.97 t5.0't 1',7 .97 15.71 t1.9'7 15.60 1'7.9'7 19.7 4 4 19.7 19.',l4 19.74 t9.'7 4 t9.'t4 19.74 4 19.7 t9.74 19.74 | 8.61 18.61 18.61 I8.6r I 8.61 I 8.61 I8.6t 18.61 | 19.'7 18.46 18.66 19.82 18.66 t8.66 19.82 I8.66 18.66 t9.82 r, t8.66
(z)
150.00 141.87 175.30 180.90 206.93 173.50 206.93 180.90 206.93 179.64 206.93 149.2',7 141.87 t75.30 180.90 206.93 t73.50 206.93 r 80.90 206.93 179.64 206.93 227.35 227.35 221.35 227.35 227.35 227.35 22'7.35 221.3s 221.35 221.35 214.34 214.34 214.34 2t 4.34 214.34 214.34 214.34 214.34 226.99 212.53 214.88 228.25 2t4-88 214.88 228.25 214.88 214.88 228.25 2t4.aa
S/L & UNIT I
2 3 4 5 6 ,7 8 9 l0 ll 12 l3 l4
l5 l6 t7 l8 I9 20 2l 22 23 25 26 2'7 28 29 30 3l 32 33 34 35 36 37 38 39 40 4l
44 45 46 4'7 48 49 50 5l
B SCHEDULE GARDENS) STRATAPLANLMS1978(RIVERSIDE STRATAFEESCHEDULE 31,2008 1,2007TO OCTOBER NOVEMBER FORTHEYEAR
s/L & UNIT 52
U/E
TOTAL MONTHLY MONTHLY MONTHLY OPERATINGCONTINGENCY STRATA FEES FUND FUND
1,189$ 1,189$ 1,176s 1,256$ 830 $ 785 $ 970 $ 1,001s 1,145$ 95? $ 1,145$ 984 $ 984 $ 969 $ 829 $ 785 $ 970 $ 1,001$ 1,145$ 957 $ 1,145$ 984 $ 984 $ 969 $
)J
54 55 56 5'7 58 59 60 6l 63 64 65 66 67 68 69 70 'tl 72 73 75
196.22 $ t96.22 S 194.07 S 207.28 $ 136.97 $ 129.55 $ 160.08 $ 165.19 $ 188.96 $ 157.93 $ 188.96 $ 162.39 $ 162.39 $ 159.91 $ 136.81 s 129.55 $ 160.08 $ l6s,r9 $ 188,96 $ 157.93 $ 188.96 $ 162.39 $ 162.39 $ 159.91 $
214.88 214.88 212.53 226.99 1s0.00 14t.81 175.30 I80.90 206.93 r72.95 206.93 r77.83 117.83 l1s.t2 r49.82 141.E7 t75.30 180.90 206.93 r72.95 206.93 171.83 r11.83 l7 5.12
18.66 S 18.66 $ 18.46 $ t9.71 $ 13.03 $ 12.32 S
t s.22 s l5.71 $ t'7.9'7 $ 15.02 $ 17.97 $ 15.44 S 15.44 $ 15.21 $ | 3.01 $ t2.32 $ 15.22 S I 5.71 $ 17.97 $ r5.02 $ t7.9't $ 15.44 $ 15.44 $ 15.21 $
MONTHLYTOTALS
X TWELVE
X TWELVE
X TWELVE
ANNUAL TOTALS
CoNTROLI
82,010$ 162,409$
15,444 $
177,853
,TA
s/L & UNIT 52 53 54 55 56 57 58 59 60 6l 62 63 64
6s oo 67 68 69 70 7l '12 '13 '74 75
SCHEDULE D STRATAPLANLMS1978(RIVERSIDE GARDENS)
coNTTNGENcY iesenveruHo FORTHEYEARNOVEMBER 1,2007TO OCTOBER 31,2008 31,1999 BEGINNING BALANCE - OCTOBER
80,563
CONTRIBUTIONS DURING THEYEAR INTEREST EARNED DURING THEYEAR EXPENDITURES DURING THEYEAR FUNDSURPLUS TRANSFER OPERATING ENDING BALANCE, 31,2OOO OCTOBER
$ $ $ $ $
10,290 2,576 (1 0 , 7 9 4 ) 7,431 90,065
CONTRIBUTIONS DURING THEYEAR INTEREST DURING THEYEAR EARNED ENDING BALANCE, 3,1,2001 OCTOBER
$ $ $
12,547 4,251 106,863
DURING THEYEAR CONTRIBUTIONS THEYEAR INTEREST EARNED DURING ENDING BALANCE, 31,2002 OCTOBER
$ $ $
12,547 2,693 122,103
CONTRIBUTIONS DURING THEYEAR INTEREST DURING THEYEAR EARNED TRANSFER TO BLDGIMPROVEMENT FUNDPERPREVIOUS AGM ENDING BALANCE, 31,2003 OCTOBER
$ $ $ $
12,500 3,506 (49,OOO) 89,109
DURING CONTRIBUTIONS THEYEAR INTEREST EARNED DURING THEYEAR ENDING BALANCE, OCTOBER 31,2004
$ $ I
13,512 2,329 104,949
CONTRIBUTIONS DURING THEYEAR INTEREST EARNED DURING THEYEAR EXPENDITURES DURING THEYEAR ENDING BALANCE, OCTOBER 31,2005
$ $ $ $
13,717 2,309 (30,615) 90,361
OPERATING FUNDLOSSFOR2OO5 OPERATING FUNDLOSSFOR2OO5-AUDIT ADJUSTIVIENTS CONTRIBUTIONS DURING THEYEAR THEYEAR INTEREST EARNED DURING ENDING BALANCE, OCTOBER 31,2006
$ $ $ $ $
(18,227) (11,070) 14,706 3,058 78,828
OPERATING FUNDSURPLUS FOR2006 PROJECTED DURING CONTRIBUTIONS THEYEAR PROJECTED INTEREST DURING EARNED THEYEAR PROJECTED 31.2007 ENDING BALANCE. OCTOBER
$ $ $ $
444 14,157 3,049 96,478
PROJECTED OPERATING FUNDLOSSFOR2OO7 BUDGETED CONTRIBUTIONS DURING THEYEAR BUDGETED INTEREST EARNED DURING THEYEAR BUDGETED ENDING BALANCE. OCTOBER 31.2OO8
$ (8,436.32) $ 15,444.00 $ 4,00000 107,486 $
,@
H SCHEDULE STRATAPLANLMS1978(RIVERSIDE GARDENS} IMPROVEMENT BUILDING FUND 1,2007TO OCTOBER 31,2008 FORTHEYEARNOVEMBER
BUILDING IMPROVEMENT FUND
ALLOCATION PER1998AGM
$
ALLOCATION PER1999AGM
$ 15,000.00
ALLOCATION PER2OOO AGM
$ 10,000.00
ALLOCATION PER2OO1 AGM
I
ENDINGBALANCE, OCTOBER 31,2OO3 TO OCTOBER 31,2004 EXPENDITURES ENDING BALANCE, OCTOBER 31, 2OO4 EXPENDITURES TO OCTOBER 31,2005
9,000.00
15,000.00
-5-?S.oooJo $ (34,598.45) -5- 1410155 $ (14,401.55)
ENDINGBALANCE, 31, 2OO4 OCTOBER
D.
SPECIAL LEVY
$ 50,000.04
EXPENDITURES
$ (38,060.72)
ENDINGBALANCE, 31,2006 OCTOBER
$ 11,939.32
EXPENDITURES
$ (11,832.44)
ENDING 31,2OO7 BALANCE, OCTOBER
T---
io6f8
SpeciafResolution2007-A "BE IT RESOLVED,TFIAT the StrataCorporationincludethe bylawsfor StrataPlanLMSl978 asfollows: Movein Bylaw A non-refundable assessment of $100will be leviedto the owner of any unit on any move-in to defray the cost to the StrataCorporation,which includes, but not limited to, inspection of t}te common areasbefore and after moving and administration. The moving parly will be responsiblefor any damagesto common area. Cartonboxes,cardboardsand cratesof alike usedfor the purposeof moving in must be discardedby the owner or resident. No such items should be left behindunattendedor dumped into garbagebin or recycle bins. Thesebins arenot desisnedto handlesuchbie items,
SpecialResolution2007-B "BE IT RISOLVED, THAT the StrataCorporationincludethe bylaw for StrataPlan LMSl978asfollows: Pa).rnentof StrataFees An ownermust pay stratafeeson or beforethe first day of eachmonth to which the strata feesrelate.A latepaymentof frfty ($50.00)dollarspermonthwill be assessed against the stratalot in arrearsby morethan30 daysandbecomepart of the monthlyassessment of thatowner.
(t-t)
MINUTESOF ANNUALGENERALMEETING STRATAPLANLMS 1978_RIVERSIDE GARDEN HELD:
On Monday,November 26,2007at 6:30p.m.at the Fraserview Golf Course,7800VivianDrive,Vancouver
AGENT:
EdwardJang,Property Manager, Wanington PCIManagement ChocoGonzales,AssistantPropertyManager,WarringtonPCI
CALLTO ORDER The meetingwas calledto orderat 7:00p.m.by the CouncilPresident, SailWyatt,who alsochairedthe meeting QUORUM/PROXIES Propertymanagerreported31 owner/proxies in attendance thereforea quorum. PROOFOF NOTICE lt wasmovedandseconded thata noticedatedNovember 7,2007was propernoticeof the meeiing.The motionwas carried by a majorityvote. APPROVALOF AGENDA It was movedand secondedto approvethe agendaof the meeting.The motionwas carriedby a majorityvote. PREVIOUS MINUTES MOVEDand SECONDEDto approvethe minutesof the lastAnnualGeneralMeeiing heldon November 30,2006as circulated. MotionCarried REPORTON INSURANCE As requiredby the StrataPropertyAct,a copyofthe currentinsurancewas attachedto the agendaof tonight'smeeting.The propertyis insuredat a replacement valueof quake and includes earth $13,440,000.00 coverage.
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Propertymanageradvisesthatthe buildinginsurancedoesnot coverany upgradesto the stratalot suchas hardwoodfloorsor moreelaborateappliances.Hardwood floor wouldbe coveredunderthe insuranceof unitowners(contentsinsurance) PRESIDENT'S REPORT- SailWyatt ThePresident, SailWyatt,explainedto theownersthattheyearhasbeenfairlyuneventful. Themostnoticeable changehasbeennewlandscaping services. The StrataCouncildoes on a dailybasis,monthlybasisand annualbasissuchas attendCouncilMeetings,make decisions relatedto repairandmaintenance continual expenditures, reviewof theoperating budgetandpreventative maintenance andlongtermplanning.ln addition, thedutiesof the variousMaintenance Committees werediscussed. Committees dedicate TheMaintenance a lot of timethroughout the yearfor security,maintenance and landscaping to whichthey arethanked. The President thankedCouncilmembersfor theirworkon Counciland as committee members.He alsothankedthe membersof the Maintenance Committeefor theirwork assessing the maintenance requirements and prioritizing the work. TREA,SURER'S REPORT- DarrenMorris TheTreasurer reportedon the fiscalyearoperating results.He toldtheownersthatforthe part most the expenseswere on target. Mr. Monis reportedthe Contingency Reserve Fundis currently$96,478.42 The Treasurertold the ownersthat a budgethad beenpreparedfor the nextfiscalyear withan increaseof 5%for operatingexpenses.Theincreasein operating expenses isdue to increasesin TerasenGas rates,repairsand maintenance and insurance.Thereis no increaseof management feesfrom WarringtonPCIManagement. PROPOSED OPERATINGBUDGET2OO7 - 2OO8 The Treasurerexplainedeachexpensecategorylineby line. The Treasurermade a motionto approvethe proposedoperatingbudgetfor the fiscal periodof November 1,2007to October31, 2008.Themotionwasseconded. Therebeingno furtherquestions, the chairrequesteda showof votingcardsin favourof the motion.The motioncarried witha majorityvote. AII ownersare advised thatthe new monthly stratafeeswill commenceretroactiveto November1.
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SPECIALRESOLUTION 2OO7.A "BE lr RESOLVEDTHAT the skata corporationincludethe bylawsfor strata plan LMS197B as follows: Movein Bylaw A non-refundable assessment of $ 100willbe leviedto the ownerof anyuniton anymovein to defraythe costto the stratacorporation, whichincludes,butnotljmitedto, inspectron of the commonareasbeforeand aftermovingand administration. Themovingpartywillbe responsible for anydamages to commonarea. cartonboxes,cardboards and cratesof alikeusedfor the purposeof movingin mustbe discardedby the owneror resident.No suchitemsshouldbe left behindunattended or dumpedintogarbagebin or recyclebins. Thesebinsare notdesignedto handlesuchr.rrg Items MOVEDand SECONDEDto appfoveSpecialResolution 2007-4as presented. MotionCarried SpecialResolution2007-B "BE lT RESOLVEDTHAT the Strata Corporationincludethe bylaw for Strata plan LMS1978as follows: Paymentof StrataFees An ownermustpaystratafeeson or beforethefirstdayof eachmonthto whichthestrata feesrelate.A latepaymentoffifty(950.00)dollarspermonthwillbe assessedagainstthe stratalotin arrearsby morethan30 daysand becomepartof the monthlyassessment of thatowner. MOVEDandSECONDED to approveSpecialResolution 2007-8as presented. MotionCarried NEWBUSINESS ownersare advisedto inspectthe exteriorwallwherethe fireplacevents. lf the exterior wall is black,then it is the owner'sresponsibility to havetheirfireplacesinspectedand serviced(adjustment maybefequired). ownersareadvisedto contactthe management companyif maintenance is requiredsuch as doorsnot latchingproperlyfor securityreasons.
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ELECTION OF COUNCIL The Property Managerannouncedthat,at thistimethepresentCouncilmustresignanda newCouncilelecteduntilthe nextAnnualGeneralMeeting2008. The presentcouncilwereihankedfor theirhardworkthroughout the pastyear. The Chairrequested nominations for Council: Thefollowing werenominated andeachhadbeenseconded. The nominees accepted, DarrenMorris Leo Liu SailWyatt FelixSaldanha AnizJiwani ChrisSeltenrich Mark#22 Matt #2 Residents areremindedthattheyarenotpermitted to disposefurnitureor largehousehold itemsin the bins.Please to maintain wastema an All Ownersare remindedthat all issuesotherthanemergencyitemsmustbe reportedin writinqto WarrinotonPCI Manasement. ADJOURNMENT The President thankedthe ownersfor theirattendance at this meeting.Therebeingno furtherbusiness, the meetingwas adjournedat 8:35p.m.
dwardJang,SeniorPropertyManager nt for StrataPlanLMS 1978
Tel:
ton PCI Management,1700- 1030W. GeorgiaStreet er. B.C. VGE2Y3 )602-1887,Fax: (604)688-2328
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SCHEDULE A STRATAPLANLMS1978(RIVERSIDE GARDENS) OPEMTING FUNDBUDGET FORTHEYEARNOVEMBER 1.2007TO OCTOBER31.2008 ocT 31/06 ACTUAL REF OPERATINGFUNDREVENUES 3550 StrataFees 3550.2 SpecialLevy 3506 lnteresl 3608 Miscellaneous 3557 Operating FundSurplus-Prior Period TOTALOPERATING FUNDREVENUES
6005 6007 6009 60 15 6105 6203 6204 6208 6302 6304 6306 64'10 641 1 6411.1 6412 6450 6608 6609.2
OPERATING FUNO EXPENSES BankCharges Management Fee Offlce Enterphone Alarms/lnspection Gas Electricity Water& Sewer Supplies Janitorial WasleRemoval PestControl croundsMaintenance GroundslMaintenance-Extra's SnowRemoval Repairs& Mainlenance lnsrrrance Audit TOTALOPERATINGFUNOEXP€NSES NETBEFOREOTHERFUNDS
6460 Conlingency ReserveFLr.rd Tralsler 6460.1 specialLevy TOTALOTHERFUNDS OPERATINGFUNDSURPLUS/LOSS] TRANSFER PROJECTED OPERATING FUNDDEFICITTO CRF OPERATING FUND. ENDOF PERIOD PROJECTED INCREASE IN STRATAFEES
ocT 31/07 ocT 31/07 ocT 31/08 BUDGET PROJECTION
$161,765 $50,001 $510 $125
$169,384
s212,572
$169,884
$206 $15,348 51,579 s1,382 $4,025 519,359 $11,136 $12,612 $0 $9,409 $3,837 $996 $15,906
$200 $15,396 s2,500 $1,400 $2,000 $1S .000 $10,000 s15,000 $500 $8,500 $4,200 $1,100 s18,000 $3,200 $300 $30,794 $2'r,000 s1,350
$500
s0
528,77s $21,256 $1,495
$169,385 $385 $554
$177, 853
$0 $170,324
$0 $178,353
$196 $15,396 $1,749 s1,126
5200 s15, 396 $2,000 $1. 200 s3,000 $19, 000 $1 0, 000 $14,000 $0 $9,500 $6,200 51 , 100 $21,600 $1 , 800 $300 $35,263 $2 1, 000 $1 , 350
44 919,'7 $10,208 $12,666 $0 $9,734 s6,606 s1,098 $13,42e 50 $1,823 $36,798 $21,214
5500
$154,440
9158,231
516 2, 909
$65,151
$1s,444
s12,093
515,444
$14,706 $50,000 964,706
$15,444
515,444 $0 615.444
$15,444
s147,421
$15,444
$444
$0
(5444) $0
$0
$0
($3.351)
$15, 444
s0 $0
9o
$0
5.00%
B SCHEDULE (RIVERSIDE GARDENS) STRATAPLANLMS1978 STMTA FEESCHEDULE FORTHEYEARNOVEMBER1,2007TO OCTOBER31,2008
s/L& UNIT I 2 3 4 5 o
7 8 9 l0 ll l2 l3 l4 l5 l6 t7 l8 l9 20 2l 22 23 24 25 26 27 28 29 30 3l 33 34 35 36 3'l 38 39 40 4l 42 44 45 46 47 48 49 50 5l
TOTAL MONTHLY MONTHLY MONTHLY OPERATING CONNNGENCY STRATA rtrED FUND FUND 150.00 t3.03 t36.97 830 $ 141.87 12.32 t29.5s 785 $ 175.30 15.22 t 60,08 970 $i 180.90 15.71 r65.19 I,001 $ 206.93 17.9'7 r,145$ 188.96 t73.50 t5.07 r58.43 960 $ 206.93 t7.97 188.96 I,145$ t80.90 15.71 165. t9 r,00r $ 206.93 17.97 188.96 I,145 $ r79.64 15.60 994 S 164.M 206.93 t7.97 188.96 1,145$ t49.21 12.96 136.31 826 $ ut.a7 t2.32 r29.55 785 $ 175.30 15.22 160.08 970 $ 180.90 I5.7r r 65.19 r,001$ 206,93 t7.97 r88.96 r,145$ '173.50 15.07 t58,43 960 $ ?06.93 17.97 t88.96 I,145$ t80,90 I 5.71 r65.l9 r,001$ 206.93 t'7.97 188.96 I,145 $ 119.64 15.60 r64.04 994 $ 206.93 t'l.97 t88.96 I,145$ 221.35 t9.74 20'1.61 1,258$ 227.35 t9.74 207.61 1,258$ 227,35 t9.'14 2Q7.61 1,258$ 4 227.35 19.7 207.61 1,2585 111 1< 19.14 207.61 1,258S 4 221.35 19.7 207.61 1,258$ 22'7.35 t9 .7 4 20't.61 t,258$ 227.35 t9.74 207.61 t,258$ 111 1< 19.74 20'7,61 1,258$ 227.35 19.74 207.6| r,258$ 2r4.34 18.61 195.13 t,t86 $ 214.34 18.61 t95;73 I,186$ 214.34 18.61 t95.73 1,t86$ 214.34 18.61 r95.73 l, t86 $ 2r4,34 18.61 t95.'73 l, t86 $ 214.34 8.61 | t95,73 I,186$ 2t,1.3.f I 8.61 195.73 r,186$ 211.34 I 8.61 t95.13 I,186$ 226.99 t9.7| 207.28 1,256$ 212.53 18.46 194.0'l I,l?6 $ 2r4.88 18.66 t96.22 1,189$ 228.2s 19.82 208.43 r,263 $ 214.88 18.66 t96.22 1,t89$ 2r4.88 18.66 196.22 r,189$ 228.25 19.82 208.43 t,263 $ 214.88 | 8.66 t96.22 I,189$ 214.8E 18.66 t96.22 1,189$ 228.25 19.82 208.43 t,263 $ 214.88 t8.66 6j_\ I,t89 $ 196.22
i9
s/L& UNIT l
2 3 4 5 6 7 8 9 l0 ll t2 t3 I4 l5 t6 l'7 l8 l9 20 2l 22 24 25 27 28 29 30 ?l
32 34 i) JO
37 38 39 40 4l 42 44 45 46 47 48 49 50 5l
SCHEDULEB
(RIVERSIDE GARDENSI STMTA PLANLMS1978 STMTA FEESCHEDULE FORTHEYEARNOVEMBER1.2007TO OCTOBER31,2008
s/L& UNIT 52 53 54 55 56 57 58 59 60 ol
62
65 66 6'7 68 69 70 'tl 72 74 75
MONTHLY MONTHLY OPERATINGCONTINGENCY FUND U/E FUND 18.66 $ 1, 189 $ t96.22 $ 1 8 .66 S r, t89 $ 196.22 $ r8.46 S 194.07 $ I,176$ r9,?| $ $ r,256$ 207.28 13.03 $ 136.97 $ 830 $ t2.32 S 129.55 $ 785 $ r5.22 S 160.08s 970 $ 15.71 $ 165.19$ 1,00t$ 17.97 $ r,145$ t88.96 $ 15.02 $ 957 $ t5?.93 $ r7.97 $ 188.96$ t,145$ 15.44 $ 984 $ 162.39$ 15.44 $ 984 $ 162.39 $ 15.21 $ 969 $ 159.9r $ 13.01 s 829 $ 136,81$ 12.32 S 129.55$ 785 $ 15.22 S t60.08 $ 970 $ t5.71 s r,00r $ 165.19$ 17.97 $ l, t45 $ 188.96$ t5.02 $ 95? $ t57.93 $ r7.9? S r,t45 $ 188.96$ 15.44 $ 162.i9 $ 984 $ 15.44 $ 984 $ 16?.39$ 15.2t $ 159.91$ 969 $
MONTHLYTOTALS
$
13.s34.11$
X TWELVE ANNUALTOTALS coNrRoL]
1,287.01$
X TWELVE
$ 162,409.32$
15,444.12$
'162,409$
15441 5
s2,0r0$
TOTAL MONTHLY STRATA FEES 214.88 214.88 212.53 226.99 t50.00 t 41.87 175.30 t80.90 206.93 t72.9s 206.93 117.83 177.83 t75.12 149.82 141.87 t75.30 t80.90 206.93 172.95 206.93 r'17.83 117.83 t't5.12
14,82t.12
X TWELVE 177,853.44 177,853
S/L & UNIT 52 53 54 55 56 57 58 59 60 6l 62 63
u
65 66 68 69 70 '71 72 73 74 75
November6,2007
TO:
THEOWNERS,STRATAPLANLMS 1978
FROM:
PCIMANAGEMENT WARRINGTON EdwardJang,SENIORPROPERTY MANAGER
PLEASETAKENOTICETHATTHEANNUALGENERALMEETINGOF STRATA PLANLMS1978(RiversideGardens)WILL BE HELDAS FOLLOWS: DATE:
Monday, November 26, 2007
TIME:
Registration: Meeting:
6:15 pm
7 : 0 0p m
LOCATION: Fraserview Golf Course, 7800 Vivian Drive. Vancouver.
TheAgendafor the Meetingand supporting documentsare enclosedwiththis Notice. Pleasereadthis materialpriorto the Meetingand bringit withyoufor reference.lt is important thatstratalot ownersattend,becausethe businessdiscussedis to be decidedbv the owners. PURPOSE:
To approvea 200712008fiscal operatingbudget (year-endOct 31); and elect a stratacouncil.Nominationsfor Councilmay be made by any eligiblevoter.
QUORUM:
In orderto conductthe businessof the AGM, at leastonethird of the personsentitledto vote must be presentin personor by proxy. lf you are unable to attend, please complete a PROXY form (attached) and forward it to a neighbour or friend.
N:\Property_Manasement\Strata\208Riverside Garden\AGM\2007?ryO\E.06.Nov 2007.doc ((/
VOTING:
priorto Ownersare encouragedto seftletheiraccount,if outstanding, theAnnualGeneralMeeting.lfyourequirethe statusofyouraccount, pleasecallthe Accountant PCI Management at Warrington (604)602-1887.
BUDGET:
(51%) Inorderto pass,a budgetmustbeapproved bysimplemajority person persons present (either in or by of all entitledto votewhoare proxy).
SPECIAL mustbe approvedby 75%of RESOLUTIONS: ln orderto pass,a specialresolution
all personsentitledto votewhoare present(eitherin personor by proxy). PROXY:
A formusedto acknowledge attendance andregistera vote(ifunable to attend)as registeredownerof a stratalot. A proxyshallbe in writingandsignedbytheappointer or hisaitorney,andmaybeeither generalor for a particular meeting.A spousenot registered on title mustsubmita proxyto vote. Eachstratalot is entitledto onevote.
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golfcourse at 7800 Vivian St: clubhouse Map to AGM meetingthe Fraserview l.lrjtfrai
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STRATAPLANLMS 1978 AGENDA 1.
Registration at 6:30PM
2.
Callto Order
3.
Determine Quorum
4.
Determine Chairof Meeting
5.
Calling the Roll,Certifying Proxies andlssueVotingCards
6.
Proofof Noticeof Meeting
7.
Approvalof Agenda
B.
Approval of the lastAGMminutes - November 30,2006
L
Business Arising: 9.1 InsuranceReview(SeeAttached) 9.2 Presidents Report 9.3 TreasurersReport 9.4
Budget
9.5
% SpecialResolution 2007-A (BylawAmendment) 2007-B (BylawAmendment)
10.
NewBusiness
11.
CouncilElection
12.
Adjournment
N:\Property,Management\Strata\208Riversidecarden\AGM\2007\AGMNOTlCE.06.Nov.2OO7.doc
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ehrW insurance
RESIDEHTIAL STRATA F ROGRAIVI Gertificate of Insurance
Name of lnsured & Mailing Address: The Ownersof StrataPlanLMS1978 c/oWarrington PCIManagement 1700-1030 WestGeorgiaStreet Vancouver, BC V6E2Y3
Name of Broker & Mailing Address: CMWInsurance Services Ltd. 700-1901 Rosser Avenue Burnabv, BC VsC6Ro
Location of Risk:
2711- 2713- 2723- 2727& 2733EastKentAvenue,NorthVancouver, BC V5S 3I9 2728 ChandleryPlace,NorthVancouver,8C VsS 456
Period of Insurance:
June21,2007 lo June 21,2009 Bothdatedto 12:01am StandardTimeat the addressofthe Insureo.
Total Premium:
$20,466.
Coverage provided under lhis ceftificate is only for those coverages specified below and is subjecl lo all ietms, condilions, provisions, limitations and exclus/ons as set out in the Master Policies identified herein.
A. PROPERTY MasterPolicyNo.CDN 1932 InsuranceCompany: Waiverof Subrogation;
Premium(SectjonA): $ 18,816. certificateNo. RCP01026 As per Scheduleof SubscribingInsurersattached The lnsurersrightsof subrogationare waivedagainst WarringtonPCI Management
Section SumInsured
Descriptionof Coverages
$13,11!r0!0
_ r PropertyqlEyqly !eegllpl!9[
A1 A1
A2
Nol Covered Insured
- 12-llgdlCfnqgMjll l_BlsinessInterruption I BlanketGlass
Conditions: All Risksof directphysicalloss or damageto propertydescribedat Locationof Risk shownabove. Basisof LossSettlement- ReplacementCost includingBy-Laws. Guaranteed Replacement Costsubjectto an appraisalbeingfiledwiththe Insurersand datedwithin12 monthsprior to the effectivedate of the policy, Failingto do so, the policyshall be subjectto StatedAmountCo-insurance. SpecialConditions: Propertyadditions, alterations and repairsare subjectto a limitof 10%of the Sum Insured,with a maximumof $500,000.Coverageis not providedfor any additions,alterationsor repairswhich are in excessof thissub-limit unlessreportedto and specificallyagreedto by Insurer(s)priorto the commencementdate. Deductibles: All Losses$1,000.except: Water Damage$5,000.;Sewer Back-up95,000.;ResidentialGiass Breakage$ 100.: N4aster Key $250.;Earthquake 10% of the valueof the building(s) involvedin the loss(minimum$100,0b0.); Ftood $10,000.; Lossor damagecausedby lllegalDrugActivityas defjnedunderStandardConditions 91,000. Loss Payable: To the CondominiumCorporation(Subjectto the SirataPropertyAct or similarstatutein the provinceof lurisdiction) of the premiumspecifiedhereinand subjectto the termsand conditionsof l\,4aster , ln consideration Policy CDN 1932and endorsement(s) attachedtheretoand hereto,insuranceis providecl to the NAI\4EDINSUREDto an amount not exceedingthe SUM INSUREDspecifiedin this Certificateor in any endorsement(s)attached hereto, but in 1o9yg!!l99lc-eS! Filly l!11!ro!qollaFl$_qgp,9o_ro9!.Jllqny one toss or occurrence.
\3) i-rurc r1n{,r'\. anr,;'r'lithteI l1f Atf!:F tf,ft"llClll.Iirv iifvrff .i.liF !uinllhr.t- tlA\"AflI E
B. BOILER & MACHINERY MasterPolicyNo. CDN 19328M InsuranceCompany: Deductible(SectionB): Loss Payable: Waiverof Subrogation:
Section Limits of _B
ot Comprehensive IncludingBy-laws. Boiler& Machinery,
_
(24hours GrossRents- 12Monthslndemnitv
B B
$50,000.ExtraExpense
C. LIABILITY
PROTECTION
[,4asterPolicyNo. CMWLIA03/06 Insurance Company: (SectionC): Deductibles AdditionalNamedInsured:
Section
(Section Premium B): $150. CertificateNo. RCPo10268M Commonwealth Insurance Company 1500-595 Burrard Bentall Towerlll, Street, Box49115, Vancouver, BCV7X1G4 $500. (Subjectto theStrataProperty To theCondominium Corporation Actor similarstatutein theprovince of jurisdiction) TheInsurers rightsof subrogation arewaivedagainst Warrington PCIManagement
Premium(SectionC):
$670. CertificaieNo. CMW C210'1 St. PaulFire& lt4arine insuranceCompany 2500-650West GeorgiaStreet,PO Box 11542, Vancouver,BC VOB4N7 BodilyInjuryand PropertyDamageEachEvenl $'1,000. $ 10,000.LimitedPollutionLiabilit, WarringtonPCI Management for theirmanagementof StrataPlan LMS1978.
Limits of Liabil GeneralTotalLimit GeneralTotal Limit PersonalIniurvand AdvertisinoI Productsand ComoletedWork Total Limit
c c c
$10.000.000. - $10,000,000. s1 p00000.
c
_jso919p-
U
c
LrmitedPollutionLiabr!1)/ Limit _
OJU UIUUU'
ll5o,ooo
Volunteer AccidentPrincipalSum WeeklvGrossWaoessubiectto maximumof Benefits- Total Limit EmployeeBenefits- EachWrongfulAct Limit
LIABILITY D. PROFESSIONAL (SectionDl ): MasterPolicyNo. 501148987 lvlasterPolicyNo. 501148986(SectionD2): lnsuranceCompany: Deductible(SectionD1); (SectionD2): Deductible Name o{ Insured(SectionD2): Section
NiI
$1,000. Warrington PCIManagement Descriptionof Coverages (Errors& Omlssions) Directors & OfficersLiability PerWrongful ActandAnnualAggreqate Costs Discrimination Defense PerUnsuccessful Actionor Complaint
Limits of Liability
D1
$2,000,000,
D1
Not Covered
D1 D2
lelgeYery!
Premium(Section D): $550. No.CMWD1129 Certificate Certificate No.CMWE1129 of Canada INGInsurance Company BC V5M4X0 400-2955 VirtualWay,Vancouver,
DefenseCosts - AnnualAggregate Discrimination Errors& OmissionsLiability Per WrongfulAct and AnnualAggregate
$1 ,000,000.
Premium(SectionE): $280. CertificateNo. CMW C210'1 St. Paul Fire & MarinelnsuranceCompany 2500-650West GeorgiaStreet,PO Box 11542, Vancouver,BC V6B 4N7 $500,
E. CRIME PROTECTION l\4asterPolicyNo. CMWLIA03/0€' Insurance Company: Deductible(SectionE): Limit of Liab
Descriotion of Coveraqes
E
$5,000.
BroadForm li/oneyand Securities
E
I $25,000.
Section
EmployeeDishonestyCoverage- Form A, Comprehensive I Dishonesty,Disappearance & DestructionRider
The insuranceprovidedby this individualCenificateis subjectto all terms,conditions,provisions,limitationsand exclusionsof Master Policy Number CDN1932,CDNl932BM, CMWLIA03/06,501148987and 501148986and may be canceledby the Insurersby registeredmailwiththirtydays noticeor as providedby the MasterPolicy ln the eventof lossor damageor any changein risk,immediatenoticemust be givento the insurersor to the broker.
S U BSC R IBING INS URE RS Section A, PROPERTY
N,4aster PolicyNo. CDN 1932
CertificateNo. RCPO1026
The interestof each insurerhereunderis individualand not joint,and whereverany rightor privilegeis retainedby the insurers, such rightor privilegemay be exercisedbyeach insurerindependently.The liabilityof each of ihe Insurer(s)shallbe limitedto that proportionof the loss which the percentageof liabilityset againstthe name of the individuallnsurer bears to the total amounl insured hereunder.
Insurers Commonwealth Insurance Company Company St. PaulFire& MarineInsurance St.PaulFire& Marinelnsurance Company
Section A1
Interest
Premium
s0%
$9,408. $9,408, Included $ 18,816.
500/0
A2
100%
June 19,2007
CMW Insurance Services Ltd.
E&OE/ LMSl 978/GOR/LR/Revsepr I 806
(Authorized Representative)
SEraEe Pfan l,l4s 19?g {Riverside StaCement of Operating pund6
cardens)
(0208
10 / 11/200 ? P age: t :48P M sE el l a
F o! pe riod e nd ing Sept em beJ i30. 200? Division6: RiverEide cardenE CurredE
lrtoflth AcEuat
Currcn! Month
Year to Date Lct.ual
47. 61
35 .00 0.05 56.41
OlreraEing Fund RevenueE Parking Revenue Residential SErata Fees Inlerest Income
1 .4 , 1 5 ? 0 0
91 .46
Total
3S.0 0 1 4.1 15 .38 98 .08 t4,2 48 .46
Curren! MonLh Var ia n c e
0. 00
1'7_28 {0 .10 0.0 0 3 . 0 99 . 1 4 0 .00 o -00
0. 00 f , 500. 00
? 08 .09 6 85 . 00 1 ,28 3 . 00 94 .A7
1. 583. 33 750. 00 1. 283. O 0 91 . 6?
25. 00
1 23 -t3
3S0. 00 208. 33
1.7 05 .50
1, 250 . 00 l, ?50 . 0o
0. 00 1, 59 9 . 1 4 (2S,00) 70 8 . 5 2 { 87 5 . 2 4 } (55 -001 0.00 3.?0 (90.50) (65.00)
17,791_ t 8
(44-s0t 5, 03 3 . 5 7
(4 ,9 42.2r1
Operating
Fund Revenues
operating Fund Expenses Bank Chatges AIarms Account ing Fee6 Grormd Hainienance Grornd InDrovefterlt Snor,, Renoval Electricity Gas Janitorial Managernent. Fees Pest Contlol Repair&MainE.-Connon ScavengiDg/Recyclirg Office H(:pense Telephone/Pager Sewer & ItaEe< Insurance Total
OperaEing
r,3 9 9 .4 9
r.28 7-0 0
1 ,2 8 ? .OO
0.00
Other E apenEes Tsf to (front contigency
1,287-O0
1 ,2 8 7 .0 0
0.00
ToEal Other
ConEinued on nex!
page. . .
Operating
Pund Before
Expenses
to D aE e sudget
Y ear
E o D ac e V ai i anc e
3 5 0 . OO 155, 259- 18 5 5 9- 9 6
155.268.63 454.3?
3 5 0 - OO o -55 lo1_ 59
I55, 179 .1.4
f55, ?2? . 00
452.\4
o. o0
( 1 .6 9 ) 0 .0 0 0 .0 0 1, 823, 0O 1 0 , 1 SO.3 2 1 8 , 6 sl . S0 9. 048. 50 1 4 , r 1 3 .0 0 I,0 0 2 .1 6
1 ,f,5 0 - 0 0 1 5 . 5 0 0 ,0 0 2 7 5 .OO 1 ? .4 1 6 .6 3 8, 250 . 00 14, 113 . 00 1, 008 . 3? 2 g ,2 2 7 .A7 3, 850 . 00
911-19 1 9 , 5 0 S_5 0
Fund Expenses
13 ,54 2 _ 12 t
Y ear
Other Re6erve
1 5 0 ,4 5 8 ..t6
1 3 .? 5 0 ,0 0 t- 9 ,2 5 0 - 0 0 1 4 1 ,5 8 2 .5 1
5 , ? 2 0 .6 8
( 1 , 3 5 0 - O0 ) 1 2 ,9 7 a .3 1 ) t2 ,9 3 r - 3 7 ) 1 ,5 4 4 - 0 0 983 -59 7 9 8 .5 0 0 .0 0 ( s.5 1 .) ? , 5 9 3 .3 0 (114 _21) ( 3 0 s. s8 ) {1 ,1 5 7 .3 1 ) 2 5 8 ,5 0 8, ??5 . 85 ( a ,3 2 3 .7 1 ]
L4, 157, 00
14. 15? . 00
0 .0 0
1 4 ,1 5 7 _ 0 0
14, 157 . 00
0-00
S t rat a P f a n L t 4 s I 9 ? 8 { Rive r sid e S laEem e n t o f O p e r : a t in g F u n d s
Ga r d e n s)
{ 0208
)
l 0/ 11/ 2 0o? P age: l r q 8P l "l sE e1l a
2
e n d i . n g S e p le m b e r 3 o ,2 o o ? F or pei i o d Div is ions : Riverside Ga r d e n s
Currents
l'lonlh AcEual,
14.829 .72)
End of
Financial
CurrenE
MonEh Bu d g e t
! r 2. 49
S tsa te m e n L
Y ear
Monbh Current Va r ia nce
. 4, 942 - 2 L J
O p e r a E i n g S u r : p l u s {D e i i c i t )
to D ate A c E uaf
{8 ,4 1 6 "3 2 )
Y €ar
to D ate Budget
{ r 1 2 .6 1 )
Y ear
to D ate Va!_iance
( 8 ,1 2 1 .7 1 )
0208 Strata Plan LMS 1978 (Riverside Period Ending 09/3D /200'1 ToEal Company Budget Code t OR E |r'l
P aget LO/7L/2007 t ! 2oP M steLla
q h a aF
:n ..
Current MonEh
DeacripElon
Year Lo
ASSETS CurrenE AsseEs HSBC SE.raEa Trust HSBC Trust. Savings PeEUy Cash Ac cor.inEs Receivable Dt-n n r
i d
- owners
Tna,,r :r - o
Eguipment Accum. Dep'n Eguipment Current
(8 , 44s .7 6\ 9,67L.25 0.00 386.74(1,705.s0) (9,083.64)
500.00
0.00 toi
AEseEs
TOTAT ASSETS LIABIIJITIES
5,28r.74
't?\
193.2'7)
103 , 966. 87
AND OI4NERS
LIABILITIES Current Liabi li ties Account.s Payable - suppliers A^^A!r-F
e
Dar?.1-r'1
a
-
?
oEher
Curren! Liabi 1i Ei-es
K q4
?A
(442.20)
3 , 2 r2 . 0 8 3,2L2.04
TOTA! I,IASIITTIES
OWNERS FUNDS year OperaEing Fund, currenc c apiual, closing Ba l a n c e CRF , Closi n g Balance
la
ata
'7tl
o. oo L,524 -37
End of
Frnancial
& FUNDS
sEaEemenE
(s ,436 .32 j 106. SS 96 , 478 .42 88, 148. 98
?OTAL OWNERS FT'NDS
TOTAL IJIABILITIES
ta,760.o9 1,05? .80
(93 -27 |
103 , 955 . B?
0208 StraEa plan LMS 1978 (Riverside Period Ending 09/30 /2oa7 BudgeE Code: OR ToLal company Balance SheeE - Schedul e
capital Fund caFiEaI contributions Lar
Balance
capi EaI , Closing
contingency Reserve Fund cRF, opening Balance rrDF
..^hFa-i
l-\trF
i
^n€
CRF , f nE er es t r-aF
a]
End of
^ci
PageI ro/Ll/2007 stella 11:14Alv1
Year Eo
CurrenL Month
Description
L a }Jr.
Gardens)
hd
Ri
Financial
l r n.a
statemenL
0.00 0.00 0.00
0.00 L ,2B7 . OO 237 .37
qo
nnn
n4
106. 88
79,2 72. 50 14,1 57. 00 3 , O 48 . 92 96 , 414 . 42
SCHEDULE A (RIVERSIDE STRATAPLANLMS1978 GARDENS) OPERATING FUNDBUDGET FORTHEYEARNOVEMBER 1,2007 TO OCTOBER 31,2008 ocT 31/05 ACTUAL REF 3550 355 0 .2 3506 3608 3557
600 5 6007 6009 60 '1 5 61 0 5 6203 6204 6208 6302 6304 0306 641 0 641'l 641 1.1 64 1 2 6450 66 0 8 6009 .2
OPERATINGFUND REVENUES StrataFees Spec ialLev y Interesl l\iliscellaneous OperatingFundSurplus-Prior Period TO T A LO P E RA TIN G F U N DR EV EN U E S OPERATINGFUND EXPENSES Ba nkChar ges ManagementFee Office En t er phone Al ar m s / lns pec t io n Gas Electricity Water & Sewer Supplies Janitorial Waste Removal Pe s tCont r ol Groundsl\.4aintenance crounds Maintenance-Extra's Sn ow Rem ov al Repairs& Maintenance In s ur anc e Au dit TOTAL OPERATINGFUAIDEXPFIVSES NET BEFOREOTHERFUNDS
6460 Contingency ReserveFundTfansfer 6460 .1 Sp ec ialLev y TOTALOTHERFUNDS OPERATINGFUND SURPLUS lLOSS) T R AN SFERP RO J E CT E D F U N DD EF IC ITT O C R F O P ER AT IN G OP E RA T I NGF UN D- EN DO F PE R IOD PROJECTEDINCREASEIN STRATAFEES
oct 3'llo7 ocT 31/07 ocT 31/08 BUDGET PROJECTION BUDGET
$161,765 $50,001 $510 $'12s $171
$169,384
$212,572
$169,884
$206 $15,348 $1,679 $1,382 $4,025 $19,359 $1' 1,136 $12,612 $0 $9,409 $3,837 $996 $' 15,906
$28,775 $21,256 $' 1,495
$500 $0
$200 $15,396 $2,500 $1,400 $2,000 $19,000 $10,000 $15,000 $500 $8,500 $4,200 $1,100 $'18,000 $3,200 $300 $30,794 $21,000 $1,350
$169,385 $385 $554 $0 $0 $170,324
$196 $15,396 $1,749 $1,126 $19,744 $' r0,208 $12,666 $0 $9,734 $6,606 $1,098 $13,429 $0 $ t,823 $36,798 $21,214 $1,350
$'177,853 $500 $0 $178, 3s3
$200 $15, 396 $2,000 $1, 200 $3,000 $19, 000 $10, 000 $'t 4, 000 $0 $9,500 $6, 200 $1, 100 $21, 600 $1, 800 $300 $35,263 $2'1, 000 $1, 350
$147,42',1
$154,440
$1s8,231
$162, 909
$65,151
$15,444
$12,093
$15,444
$ 14,706 $50,000 $64,706
$ 15,444
$15,444 $0 $15,444
$15, 444
$15,444
$444
$0
($444)
$0
$0
($3,3s1)
s15,444 $0 $0
$0
$0
5.00%
B SCHEDULE GAROENS} STRATAPLANLMS1978(RIVERSIDE STRATAFEESCHEDULE 31,2008 1,2007TO OCTOBER FORTHEYEARNOVEMBER
S/L & UNIT I 2 3 4 5 6 '7 8 9 t0 ll l2 l3 t4 l5 l6 t1 l8 19 20 21 22 23 24 25 26 2'l 28 29 30 3l 32 33 35 36 37 38 39 40 41
44 45 46 48 49 50 5l
vtE
TOTAL MONTHLY MONTHLY MONTHLY OPERATINGCONTINGENCY STRATA FEES FUND FUND
830 $ 785 $ 970 $ 1,001$ 1,145$ 960 S 1,145$ t,001 s 1,145$ 994 $ 1,145$ 826 $ 785 $ 970 $ 1,001s 1,145s 960 $ l, r45 $ 1,001$ 1,145$ 994 S t,t 45 s I,258 $ 1,258$ 1,258$ 1,258$ 1,258$ 1,258$ 1,258$ 1,258S t,258 $ 1,258$ t,186 $ r,186 $ 1,186$ t,186 $ I,186 $ r,186 $ 1,t86 $ I,186 $ I,256 $ I,r 76 $ 1,189S I,263 $ 1,189s 1,189$ t,263 $ 1,189$ 1,189$ t,263 $ I,189 $
136.97 $ r29,55 S t60.08 $ 165.19 S r88.96 $ 158.43 $ 188.96 S t65.l9 $ t88.96 $ t64.04 $ t88.96 $ t36.31 $ 129.55 S 160.08 $ t65.l9 S r88.96 $ 158.43 $ 188.96 $ 165.r9 $ 188.96 S 164.04 $ 188.96 s 207.61 S 207.61 $ 207.61 $ 207.61 $ 20't.6t s 207.61 $ 207.61 $ 207.61 $ 207.61 $ 207.6) $ 195.73 $ 195.73 $ 195.73 S 195.73 $ 195.73 $ 195.73 $ 195.73 $ 195.73 $ 207.28 $ 194.07 $ 196.22 S 208.43 $ 196.22 8 196.22 $ 208.43 $ i96.22 $ 196.22 S 208.43 S 196.22 $
l3.03 l2.32 l5.22 15.7t t'7.97 15.07 t'7.97 15.',|| t7 .9'7 15.60 l7.97 12.96 12.32 l5 -22 t5.71 t7.97 t5.0't 1',7 .97 15.71 t1.9'7 15.60 1'7.9'7 19.7 4 4 19.7 19.',l4 19.74 t9.'7 4 t9.'t4 19.74 4 19.7 t9.74 19.74 | 8.61 18.61 18.61 I8.6r I 8.61 I 8.61 I8.6t 18.61 | 19.'7 18.46 18.66 19.82 18.66 t8.66 19.82 I8.66 18.66 t9.82 r, t8.66
(z)
150.00 141.87 175.30 180.90 206.93 173.50 206.93 180.90 206.93 179.64 206.93 149.2',7 141.87 t75.30 180.90 206.93 t73.50 206.93 r 80.90 206.93 179.64 206.93 227.35 227.35 221.35 227.35 227.35 227.35 22'7.35 221.3s 221.35 221.35 214.34 214.34 214.34 2t 4.34 214.34 214.34 214.34 214.34 226.99 212.53 214.88 228.25 2t4-88 214.88 228.25 214.88 214.88 228.25 2t4.aa
S/L & UNIT I
2 3 4 5 6 ,7 8 9 l0 ll 12 l3 l4
l5 l6 t7 l8 I9 20 2l 22 23 25 26 2'7 28 29 30 3l 32 33 34 35 36 37 38 39 40 4l
44 45 46 4'7 48 49 50 5l
B SCHEDULE GARDENS) STRATAPLANLMS1978(RIVERSIDE STRATAFEESCHEDULE 31,2008 1,2007TO OCTOBER NOVEMBER FORTHEYEAR
s/L & UNIT 52
U/E
TOTAL MONTHLY MONTHLY MONTHLY OPERATINGCONTINGENCY STRATA FEES FUND FUND
1,189$ 1,189$ 1,176s 1,256$ 830 $ 785 $ 970 $ 1,001s 1,145$ 95? $ 1,145$ 984 $ 984 $ 969 $ 829 $ 785 $ 970 $ 1,001$ 1,145$ 957 $ 1,145$ 984 $ 984 $ 969 $
)J
54 55 56 5'7 58 59 60 6l 63 64 65 66 67 68 69 70 'tl 72 73 75
196.22 $ t96.22 S 194.07 S 207.28 $ 136.97 $ 129.55 $ 160.08 $ 165.19 $ 188.96 $ 157.93 $ 188.96 $ 162.39 $ 162.39 $ 159.91 $ 136.81 s 129.55 $ 160.08 $ l6s,r9 $ 188,96 $ 157.93 $ 188.96 $ 162.39 $ 162.39 $ 159.91 $
214.88 214.88 212.53 226.99 1s0.00 14t.81 175.30 I80.90 206.93 r72.95 206.93 r77.83 117.83 l1s.t2 r49.82 141.E7 t75.30 180.90 206.93 r72.95 206.93 171.83 r11.83 l7 5.12
18.66 S 18.66 $ 18.46 $ t9.71 $ 13.03 $ 12.32 S
t s.22 s l5.71 $ t'7.9'7 $ 15.02 $ 17.97 $ 15.44 S 15.44 $ 15.21 $ | 3.01 $ t2.32 $ 15.22 S I 5.71 $ 17.97 $ r5.02 $ t7.9't $ 15.44 $ 15.44 $ 15.21 $
MONTHLYTOTALS
X TWELVE
X TWELVE
X TWELVE
ANNUAL TOTALS
CoNTROLI
82,010$ 162,409$
15,444 $
177,853
,TA
s/L & UNIT 52 53 54 55 56 57 58 59 60 6l 62 63 64
6s oo 67 68 69 70 7l '12 '13 '74 75
SCHEDULE D STRATAPLANLMS1978(RIVERSIDE GARDENS)
coNTTNGENcY iesenveruHo FORTHEYEARNOVEMBER 1,2007TO OCTOBER 31,2008 31,1999 BEGINNING BALANCE - OCTOBER
80,563
CONTRIBUTIONS DURING THEYEAR INTEREST EARNED DURING THEYEAR EXPENDITURES DURING THEYEAR FUNDSURPLUS TRANSFER OPERATING ENDING BALANCE, 31,2OOO OCTOBER
$ $ $ $ $
10,290 2,576 (1 0 , 7 9 4 ) 7,431 90,065
CONTRIBUTIONS DURING THEYEAR INTEREST DURING THEYEAR EARNED ENDING BALANCE, 3,1,2001 OCTOBER
$ $ $
12,547 4,251 106,863
DURING THEYEAR CONTRIBUTIONS THEYEAR INTEREST EARNED DURING ENDING BALANCE, 31,2002 OCTOBER
$ $ $
12,547 2,693 122,103
CONTRIBUTIONS DURING THEYEAR INTEREST DURING THEYEAR EARNED TRANSFER TO BLDGIMPROVEMENT FUNDPERPREVIOUS AGM ENDING BALANCE, 31,2003 OCTOBER
$ $ $ $
12,500 3,506 (49,OOO) 89,109
DURING CONTRIBUTIONS THEYEAR INTEREST EARNED DURING THEYEAR ENDING BALANCE, OCTOBER 31,2004
$ $ I
13,512 2,329 104,949
CONTRIBUTIONS DURING THEYEAR INTEREST EARNED DURING THEYEAR EXPENDITURES DURING THEYEAR ENDING BALANCE, OCTOBER 31,2005
$ $ $ $
13,717 2,309 (30,615) 90,361
OPERATING FUNDLOSSFOR2OO5 OPERATING FUNDLOSSFOR2OO5-AUDIT ADJUSTIVIENTS CONTRIBUTIONS DURING THEYEAR THEYEAR INTEREST EARNED DURING ENDING BALANCE, OCTOBER 31,2006
$ $ $ $ $
(18,227) (11,070) 14,706 3,058 78,828
OPERATING FUNDSURPLUS FOR2006 PROJECTED DURING CONTRIBUTIONS THEYEAR PROJECTED INTEREST DURING EARNED THEYEAR PROJECTED 31.2007 ENDING BALANCE. OCTOBER
$ $ $ $
444 14,157 3,049 96,478
PROJECTED OPERATING FUNDLOSSFOR2OO7 BUDGETED CONTRIBUTIONS DURING THEYEAR BUDGETED INTEREST EARNED DURING THEYEAR BUDGETED ENDING BALANCE. OCTOBER 31.2OO8
$ (8,436.32) $ 15,444.00 $ 4,00000 107,486 $
,@
H SCHEDULE STRATAPLANLMS1978(RIVERSIDE GARDENS} IMPROVEMENT BUILDING FUND 1,2007TO OCTOBER 31,2008 FORTHEYEARNOVEMBER
BUILDING IMPROVEMENT FUND
ALLOCATION PER1998AGM
$
ALLOCATION PER1999AGM
$ 15,000.00
ALLOCATION PER2OOO AGM
$ 10,000.00
ALLOCATION PER2OO1 AGM
I
ENDINGBALANCE, OCTOBER 31,2OO3 TO OCTOBER 31,2004 EXPENDITURES ENDING BALANCE, OCTOBER 31, 2OO4 EXPENDITURES TO OCTOBER 31,2005
9,000.00
15,000.00
-5-?S.oooJo $ (34,598.45) -5- 1410155 $ (14,401.55)
ENDINGBALANCE, 31, 2OO4 OCTOBER
D.
SPECIAL LEVY
$ 50,000.04
EXPENDITURES
$ (38,060.72)
ENDINGBALANCE, 31,2006 OCTOBER
$ 11,939.32
EXPENDITURES
$ (11,832.44)
ENDING 31,2OO7 BALANCE, OCTOBER
T---
io6f8
SpeciafResolution2007-A "BE IT RESOLVED,TFIAT the StrataCorporationincludethe bylawsfor StrataPlanLMSl978 asfollows: Movein Bylaw A non-refundable assessment of $100will be leviedto the owner of any unit on any move-in to defray the cost to the StrataCorporation,which includes, but not limited to, inspection of t}te common areasbefore and after moving and administration. The moving parly will be responsiblefor any damagesto common area. Cartonboxes,cardboardsand cratesof alike usedfor the purposeof moving in must be discardedby the owner or resident. No such items should be left behindunattendedor dumped into garbagebin or recycle bins. Thesebins arenot desisnedto handlesuchbie items,
SpecialResolution2007-B "BE IT RISOLVED, THAT the StrataCorporationincludethe bylaw for StrataPlan LMSl978asfollows: Pa).rnentof StrataFees An ownermust pay stratafeeson or beforethe first day of eachmonth to which the strata feesrelate.A latepaymentof frfty ($50.00)dollarspermonthwill be assessed against the stratalot in arrearsby morethan30 daysandbecomepart of the monthlyassessment of thatowner.
(t-t)
MINUTESOF ANNUALGENERALMEETING STRATAPLANLMS 1978_RIVERSIDE GARDEN HELD:
On Monday,November 26,2007at 6:30p.m.at the Fraserview Golf Course,7800VivianDrive,Vancouver
AGENT:
EdwardJang,Property Manager, Wanington PCIManagement ChocoGonzales,AssistantPropertyManager,WarringtonPCI
CALLTO ORDER The meetingwas calledto orderat 7:00p.m.by the CouncilPresident, SailWyatt,who alsochairedthe meeting QUORUM/PROXIES Propertymanagerreported31 owner/proxies in attendance thereforea quorum. PROOFOF NOTICE lt wasmovedandseconded thata noticedatedNovember 7,2007was propernoticeof the meeiing.The motionwas carried by a majorityvote. APPROVALOF AGENDA It was movedand secondedto approvethe agendaof the meeting.The motionwas carriedby a majorityvote. PREVIOUS MINUTES MOVEDand SECONDEDto approvethe minutesof the lastAnnualGeneralMeeiing heldon November 30,2006as circulated. MotionCarried REPORTON INSURANCE As requiredby the StrataPropertyAct,a copyofthe currentinsurancewas attachedto the agendaof tonight'smeeting.The propertyis insuredat a replacement valueof quake and includes earth $13,440,000.00 coverage.
Nlltopcrt), lvlrnu!errcnr\S(rnrlp08-Rr\crrjd( 6nrdcn\AcivlU00nt,n tS I t7 t-AGM. M nnrrcs.:6||ov07doc
P l gc I ol n
Propertymanageradvisesthatthe buildinginsurancedoesnot coverany upgradesto the stratalot suchas hardwoodfloorsor moreelaborateappliances.Hardwood floor wouldbe coveredunderthe insuranceof unitowners(contentsinsurance) PRESIDENT'S REPORT- SailWyatt ThePresident, SailWyatt,explainedto theownersthattheyearhasbeenfairlyuneventful. Themostnoticeable changehasbeennewlandscaping services. The StrataCouncildoes on a dailybasis,monthlybasisand annualbasissuchas attendCouncilMeetings,make decisions relatedto repairandmaintenance continual expenditures, reviewof theoperating budgetandpreventative maintenance andlongtermplanning.ln addition, thedutiesof the variousMaintenance Committees werediscussed. Committees dedicate TheMaintenance a lot of timethroughout the yearfor security,maintenance and landscaping to whichthey arethanked. The President thankedCouncilmembersfor theirworkon Counciland as committee members.He alsothankedthe membersof the Maintenance Committeefor theirwork assessing the maintenance requirements and prioritizing the work. TREA,SURER'S REPORT- DarrenMorris TheTreasurer reportedon the fiscalyearoperating results.He toldtheownersthatforthe part most the expenseswere on target. Mr. Monis reportedthe Contingency Reserve Fundis currently$96,478.42 The Treasurertold the ownersthat a budgethad beenpreparedfor the nextfiscalyear withan increaseof 5%for operatingexpenses.Theincreasein operating expenses isdue to increasesin TerasenGas rates,repairsand maintenance and insurance.Thereis no increaseof management feesfrom WarringtonPCIManagement. PROPOSED OPERATINGBUDGET2OO7 - 2OO8 The Treasurerexplainedeachexpensecategorylineby line. The Treasurermade a motionto approvethe proposedoperatingbudgetfor the fiscal periodof November 1,2007to October31, 2008.Themotionwasseconded. Therebeingno furtherquestions, the chairrequesteda showof votingcardsin favourof the motion.The motioncarried witha majorityvote. AII ownersare advised thatthe new monthly stratafeeswill commenceretroactiveto November1.
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SPECIALRESOLUTION 2OO7.A "BE lr RESOLVEDTHAT the skata corporationincludethe bylawsfor strata plan LMS197B as follows: Movein Bylaw A non-refundable assessment of $ 100willbe leviedto the ownerof anyuniton anymovein to defraythe costto the stratacorporation, whichincludes,butnotljmitedto, inspectron of the commonareasbeforeand aftermovingand administration. Themovingpartywillbe responsible for anydamages to commonarea. cartonboxes,cardboards and cratesof alikeusedfor the purposeof movingin mustbe discardedby the owneror resident.No suchitemsshouldbe left behindunattended or dumpedintogarbagebin or recyclebins. Thesebinsare notdesignedto handlesuchr.rrg Items MOVEDand SECONDEDto appfoveSpecialResolution 2007-4as presented. MotionCarried SpecialResolution2007-B "BE lT RESOLVEDTHAT the Strata Corporationincludethe bylaw for Strata plan LMS1978as follows: Paymentof StrataFees An ownermustpaystratafeeson or beforethefirstdayof eachmonthto whichthestrata feesrelate.A latepaymentoffifty(950.00)dollarspermonthwillbe assessedagainstthe stratalotin arrearsby morethan30 daysand becomepartof the monthlyassessment of thatowner. MOVEDandSECONDED to approveSpecialResolution 2007-8as presented. MotionCarried NEWBUSINESS ownersare advisedto inspectthe exteriorwallwherethe fireplacevents. lf the exterior wall is black,then it is the owner'sresponsibility to havetheirfireplacesinspectedand serviced(adjustment maybefequired). ownersareadvisedto contactthe management companyif maintenance is requiredsuch as doorsnot latchingproperlyfor securityreasons.
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ELECTION OF COUNCIL The Property Managerannouncedthat,at thistimethepresentCouncilmustresignanda newCouncilelecteduntilthe nextAnnualGeneralMeeting2008. The presentcouncilwereihankedfor theirhardworkthroughout the pastyear. The Chairrequested nominations for Council: Thefollowing werenominated andeachhadbeenseconded. The nominees accepted, DarrenMorris Leo Liu SailWyatt FelixSaldanha AnizJiwani ChrisSeltenrich Mark#22 Matt #2 Residents areremindedthattheyarenotpermitted to disposefurnitureor largehousehold itemsin the bins.Please to maintain wastema an All Ownersare remindedthat all issuesotherthanemergencyitemsmustbe reportedin writinqto WarrinotonPCI Manasement. ADJOURNMENT The President thankedthe ownersfor theirattendance at this meeting.Therebeingno furtherbusiness, the meetingwas adjournedat 8:35p.m.
dwardJang,SeniorPropertyManager nt for StrataPlanLMS 1978
Tel:
ton PCI Management,1700- 1030W. GeorgiaStreet er. B.C. VGE2Y3 )602-1887,Fax: (604)688-2328
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SCHEDULE A STRATAPLANLMS1978(RIVERSIDE GARDENS) OPEMTING FUNDBUDGET FORTHEYEARNOVEMBER 1.2007TO OCTOBER31.2008 ocT 31/06 ACTUAL REF OPERATINGFUNDREVENUES 3550 StrataFees 3550.2 SpecialLevy 3506 lnteresl 3608 Miscellaneous 3557 Operating FundSurplus-Prior Period TOTALOPERATING FUNDREVENUES
6005 6007 6009 60 15 6105 6203 6204 6208 6302 6304 6306 64'10 641 1 6411.1 6412 6450 6608 6609.2
OPERATING FUNO EXPENSES BankCharges Management Fee Offlce Enterphone Alarms/lnspection Gas Electricity Water& Sewer Supplies Janitorial WasleRemoval PestControl croundsMaintenance GroundslMaintenance-Extra's SnowRemoval Repairs& Mainlenance lnsrrrance Audit TOTALOPERATINGFUNOEXP€NSES NETBEFOREOTHERFUNDS
6460 Conlingency ReserveFLr.rd Tralsler 6460.1 specialLevy TOTALOTHERFUNDS OPERATINGFUNDSURPLUS/LOSS] TRANSFER PROJECTED OPERATING FUNDDEFICITTO CRF OPERATING FUND. ENDOF PERIOD PROJECTED INCREASE IN STRATAFEES
ocT 31/07 ocT 31/07 ocT 31/08 BUDGET PROJECTION
$161,765 $50,001 $510 $125
$169,384
s212,572
$169,884
$206 $15,348 51,579 s1,382 $4,025 519,359 $11,136 $12,612 $0 $9,409 $3,837 $996 $15,906
$200 $15,396 s2,500 $1,400 $2,000 $1S .000 $10,000 s15,000 $500 $8,500 $4,200 $1,100 s18,000 $3,200 $300 $30,794 $2'r,000 s1,350
$500
s0
528,77s $21,256 $1,495
$169,385 $385 $554
$177, 853
$0 $170,324
$0 $178,353
$196 $15,396 $1,749 s1,126
5200 s15, 396 $2,000 $1. 200 s3,000 $19, 000 $1 0, 000 $14,000 $0 $9,500 $6,200 51 , 100 $21,600 $1 , 800 $300 $35,263 $2 1, 000 $1 , 350
44 919,'7 $10,208 $12,666 $0 $9,734 s6,606 s1,098 $13,42e 50 $1,823 $36,798 $21,214
5500
$154,440
9158,231
516 2, 909
$65,151
$1s,444
s12,093
515,444
$14,706 $50,000 964,706
$15,444
515,444 $0 615.444
$15,444
s147,421
$15,444
$444
$0
(5444) $0
$0
$0
($3.351)
$15, 444
s0 $0
9o
$0
5.00%
B SCHEDULE (RIVERSIDE GARDENS) STRATAPLANLMS1978 STMTA FEESCHEDULE FORTHEYEARNOVEMBER1,2007TO OCTOBER31,2008
s/L& UNIT I 2 3 4 5 o
7 8 9 l0 ll l2 l3 l4 l5 l6 t7 l8 l9 20 2l 22 23 24 25 26 27 28 29 30 3l 33 34 35 36 3'l 38 39 40 4l 42 44 45 46 47 48 49 50 5l
TOTAL MONTHLY MONTHLY MONTHLY OPERATING CONNNGENCY STRATA rtrED FUND FUND 150.00 t3.03 t36.97 830 $ 141.87 12.32 t29.5s 785 $ 175.30 15.22 t 60,08 970 $i 180.90 15.71 r65.19 I,001 $ 206.93 17.9'7 r,145$ 188.96 t73.50 t5.07 r58.43 960 $ 206.93 t7.97 188.96 I,145$ t80.90 15.71 165. t9 r,00r $ 206.93 17.97 188.96 I,145 $ r79.64 15.60 994 S 164.M 206.93 t7.97 188.96 1,145$ t49.21 12.96 136.31 826 $ ut.a7 t2.32 r29.55 785 $ 175.30 15.22 160.08 970 $ 180.90 I5.7r r 65.19 r,001$ 206,93 t7.97 r88.96 r,145$ '173.50 15.07 t58,43 960 $ ?06.93 17.97 t88.96 I,145$ t80,90 I 5.71 r65.l9 r,001$ 206.93 t'7.97 188.96 I,145 $ 119.64 15.60 r64.04 994 $ 206.93 t'l.97 t88.96 I,145$ 221.35 t9.74 20'1.61 1,258$ 227.35 t9.74 207.61 1,258$ 227,35 t9.'14 2Q7.61 1,258$ 4 227.35 19.7 207.61 1,2585 111 1< 19.14 207.61 1,258S 4 221.35 19.7 207.61 1,258$ 22'7.35 t9 .7 4 20't.61 t,258$ 227.35 t9.74 207.61 t,258$ 111 1< 19.74 20'7,61 1,258$ 227.35 19.74 207.6| r,258$ 2r4.34 18.61 195.13 t,t86 $ 214.34 18.61 t95;73 I,186$ 214.34 18.61 t95.73 1,t86$ 214.34 18.61 r95.73 l, t86 $ 2r4,34 18.61 t95.'73 l, t86 $ 214.34 8.61 | t95,73 I,186$ 2t,1.3.f I 8.61 195.73 r,186$ 211.34 I 8.61 t95.13 I,186$ 226.99 t9.7| 207.28 1,256$ 212.53 18.46 194.0'l I,l?6 $ 2r4.88 18.66 t96.22 1,189$ 228.2s 19.82 208.43 r,263 $ 214.88 18.66 t96.22 1,t89$ 2r4.88 18.66 196.22 r,189$ 228.25 19.82 208.43 t,263 $ 214.88 | 8.66 t96.22 I,189$ 214.8E 18.66 t96.22 1,189$ 228.25 19.82 208.43 t,263 $ 214.88 t8.66 6j_\ I,t89 $ 196.22
i9
s/L& UNIT l
2 3 4 5 6 7 8 9 l0 ll t2 t3 I4 l5 t6 l'7 l8 l9 20 2l 22 24 25 27 28 29 30 ?l
32 34 i) JO
37 38 39 40 4l 42 44 45 46 47 48 49 50 5l
SCHEDULEB
(RIVERSIDE GARDENSI STMTA PLANLMS1978 STMTA FEESCHEDULE FORTHEYEARNOVEMBER1.2007TO OCTOBER31,2008
s/L& UNIT 52 53 54 55 56 57 58 59 60 ol
62
65 66 6'7 68 69 70 'tl 72 74 75
MONTHLY MONTHLY OPERATINGCONTINGENCY FUND U/E FUND 18.66 $ 1, 189 $ t96.22 $ 1 8 .66 S r, t89 $ 196.22 $ r8.46 S 194.07 $ I,176$ r9,?| $ $ r,256$ 207.28 13.03 $ 136.97 $ 830 $ t2.32 S 129.55 $ 785 $ r5.22 S 160.08s 970 $ 15.71 $ 165.19$ 1,00t$ 17.97 $ r,145$ t88.96 $ 15.02 $ 957 $ t5?.93 $ r7.97 $ 188.96$ t,145$ 15.44 $ 984 $ 162.39$ 15.44 $ 984 $ 162.39 $ 15.21 $ 969 $ 159.9r $ 13.01 s 829 $ 136,81$ 12.32 S 129.55$ 785 $ 15.22 S t60.08 $ 970 $ t5.71 s r,00r $ 165.19$ 17.97 $ l, t45 $ 188.96$ t5.02 $ 95? $ t57.93 $ r7.9? S r,t45 $ 188.96$ 15.44 $ 162.i9 $ 984 $ 15.44 $ 984 $ 16?.39$ 15.2t $ 159.91$ 969 $
MONTHLYTOTALS
$
13.s34.11$
X TWELVE ANNUALTOTALS coNrRoL]
1,287.01$
X TWELVE
$ 162,409.32$
15,444.12$
'162,409$
15441 5
s2,0r0$
TOTAL MONTHLY STRATA FEES 214.88 214.88 212.53 226.99 t50.00 t 41.87 175.30 t80.90 206.93 t72.9s 206.93 117.83 177.83 t75.12 149.82 141.87 t75.30 t80.90 206.93 172.95 206.93 r'17.83 117.83 t't5.12
14,82t.12
X TWELVE 177,853.44 177,853
S/L & UNIT 52 53 54 55 56 57 58 59 60 6l 62 63
u
65 66 68 69 70 '71 72 73 74 75
