THE WATERWORKS YALETOWN LTD. EDITION
,
THE WATERWORKS YALETOWN LTD. EDITION LANDMARK 33 STRATA CORPORATION LMS2995
MINUTES OF THE ANNUAL GENERAL MEETING OF THE OWi\ERS OF MARINA POTNTE, STRATA PLAN LMS2995, HELD IN TIIE LOUNGE AT CLUB H20, 1009 EXPO BOULEVARI), VANCOUVER, B.C., ON TUESDAY, JUNE 18tn, 2013 AT 6:30 P.M.
IN ATTENDANCE
A total of 116 Owners
represented either in person or by proxy (76 in person, 40by proxy, including the Residential and Commercial Sections)
COUNCIL MEMBERS Barry Ferguson Mark Greenberg Kathy Hermanson
Joseph Kardum Paul Crema Sarah McGrath
REPRESENTING RANCIIO MANAGEMENT SERVICES G.C.) LTD. Gus Ramirez, Senior Strata Agent Mike Elliott, Strata Agent
Kiran Palla, Strata Agent Nicole Huang, Strata Agent
REGRET Lawrence Keenan
1.
CALL TO ORDER The Owners were informed that a quorum was not present. However, in accordance with Bylaw 28(2), the Owners could proceed with the meeting within a half hour from the time appointed:
"If within half an hour from the time appointed for an Annual General Meeting a quorum is not present, the persons entitled to vote shall be deemed to constitute a quorum." Therefore, the meeting was officially called to order by Mr. Barry Ferguson at 7:00 p.m. It was agreed that Barry Ferguson with the assistance of Gus Ramirez would chair the meeting.
2.
CALLING OF TIIE ROLL AND CERTIFICATION OF PROXIES It was confirmed at the beginning of the meeting that there were 116 Owners represented at the meeting either in person or by proxy (both for the Residential and Commercial Sections).
Mr. Gus Ramirez informed the General Membership that the total amount of represented Owners did not constitute a quonrm. However, the Owners present could proceed with the business at hand in accordance with Bylaw 28(2) of the Strata Corporations Bylaws.
Pointe (LMS2995) AGM Minutes of the Strata Corporation Marina Held on TuesdaY, June 18, 2013
\
a
\
J.
that the notice of the Annual General It was MovED, SEC'NDED, and CARRIED been received in compliance with the to have Meeting dated May 30th, 2ll3,u" a..t".a Act' notice frovisions of the Strata Property
General Meeting
of the 2012 Annual Mr. Gus Ramirez informed the owners that a copy in tonigfut]s meeting. He then asked if anyone minutes was enclosed with the notice of attendancenotedanyelrorsoromissionsintheminutes'th"ttbeingnonenoted'itwas the Annual General Meeting MovED, SECONDED, and CARRIED to approve minutes of June 72th,2072 as distributed'
PRESIDENT'S REPORT
5.
Mr.BarryFergusonintroducedthe20l:rlzol.2StrataCouncilMembers:
o o o o o o
Barry Ferguson JosePh Kardum Mark Greenberg Paul Crema KathY Hermanson Sarah McGrath
He also introduced Gus Rami rez
and
Mike Elliott, the strata Agents of
Rancho
Management Services (B'C') Ltd'
Mr.FergusonwentontocompletehisPresident'sReportandbrieflydiscussedthe foilowing issues:
o
by RDH Engineering and council A depreciation report has been commissioned report' The report will to receive the2"d version of the draft is currently waiting be issued to all Owners once it is finalized'
oAlloftheCommonAreacarpetswerereplacedbyStrataGFlooring. .BuildingandWindowcleaningiscurrentlyunderway. oLandscapingbyBeattyWalkway/CambieBridgehasbeenreplaced. oA$50,000creditwasreceivedfromotisElevatoronoutstandinginvoicesfrom 20l0.Anew5yearservicecontractwasalsosignedwiththem.
o
been completed' Extensive parkade membrane repairs have
.Clothingdonationbinshavebeeninstalledaroundthecompiex. oNewwaterboosterpumpsthataremoreefficienthavebeeninstalled.Arebate ofapproximately$30,000fromBCHydrowasreceivedforthisworktooffset the cost'
oHandicapdooroperatorshavebeeninstalledinthelobbies. oSecurityupgradeswerecompletedtothefireexitstairwells. I
3-LMS2995-AGM-Minutes
l
AGM Minutes of the Strata Corporation Marina Pointe (LMS2995) Held on Tuesday, June 18, 2013
6.
FINANCIAL REPORT
Mr. Gus Ramirez of Rancho Management reviewed the year-end financial statements (April 30th, 2013; with the General Membership. He noted that the Joint section ended the year with an operating surplus of $ 3 1,492, the Residential section with an operating surplus of $ 10,341, and the Commercial section with an operating deficit of $ 140. The values of the contingency funds for the three sections were as follows:
o o o
Joint section: $ 178,670.34 Residential section: $ 671,540.83 plus $600,000 from the settlement funds. Commercial section: $ 13,315.61
After a detailed review of the financial statements including the withdrawal from the Contingency Funds, the Strata Council and Rancho answered specific questions from the Owners present in regards to the financial statements.
o o
It was MOVED, SECONDED, and CARRIED to approve the Joint section of the financial statement for the period ending April 30th, 2013 as presented; It was MOVED, SECONDED, and CARRIED to approve the Residential section of the financial statement for the period ending April 30th, 2Ol3 as presented;
o It was MOVED, SECONDED, and CARRIED to approve the Commercial section
of the financial
statement
for the period ending April
30th, 2013 as
presented; 7.
PROPOSED OPERATING BUDGET
Mr. Gus Ramirez informed the General Membership that the proposed Joint operating budget for 201312014 has a 1..2o/o increase in fees and there is no increase in the Residential and Commercial budgets.
o It
was MOVED, SECONDED, and CARRIED to approve the
proposed
Residential section of the operating budget as presented; and CARRIED to approve the proposed Joint section of the operating budget as presented and as well as carrying forward the Residential and Joint section surplus into the Joint section 201312014 fiscal
o It was MOVED, SECONDED, period.
o It
was MOVED, SECONDED, and CARRIED to approve the proposed Commercial section of the operating budget as presented;
8.
% VOTE RESOLUTIONS
Mr. Gus Ramirez informed the Owners that the difference between Resolution "A"
and
Resolution "B" was that Resolution "A" did not permit smoking on Common Property and/or on Limited Common Property (balconies and patios) while Resolution "B" did not permit smoking in these same areas as well as inside individual Strata Lots.
I
3_LM5299S_AGM_Minutes
AGM Minutes of the Strata Corporation Marina Pointe (LMS2995) Held on TuesdaY, June 18, 2013
% VOTE RESOLUTIONS _ CONT'D
8.
it was motion was MOVED by an owner to vote on Resolution "8" first and debate SECONDED and the floor was then opened for discussion. After a lengthy question, and the motion was amongst the Owners, a motion was put forward to call to a opened again SECONDED; however the motion was DEFEATED. The floor was then were 87 in for discussion. After the discussion Resolution "B" was put to a vote' There and favour, 15 abstained, and 14 opposed; therefore, Resolution "B" was CARTUED
A
there was no need to vote on Resolution
"A"'
REPORT ON INSURANCE
9.
Mr. Gus Ramirez reviewed the Strata Corporation's insurance policy with the Owners with a present. It was noted that the property is currently appraised at $155,500,000 directors for coverage b10,000,000.00 for general liabiiity and $10,000,000.00 liability and officers. The deductibles are as follows:
. . . . . o . . .
l\Yo for earthquakes $100 for glass $25,000 for flood damages $25,000 for water related damages $25,000 for sewer backuP damages $2,500 for all ProPertY risks $250 for lock and key $1,000 for boiler and machinerY $25,000 for pollution liabilitY
Mr. Gus Ramirez also reminded the owners present that the Strata Corporation's
betterments inr.rrun". policy does not provide for individual contents, improvements or must (i.e. clothing, furniture, decorating, upgrading of carpets, flooring, etc'). owners improvement any carry their own tenant package insurance for such coverage, including their units out must have and liability insurance. Also, investor Owners who are renting
they are not able rental insurance coverage in the event that their suite is not habitable and Strata to obtain rental ,"u.r,i" for it. The Owners were finally reminded that the which lots Strata the Corporation,s insurance policy only covers original fixtures inside appliances, original were installed by the Owner tieveloper (i.e. original carpets, original cabinetry, etc.).
and CARRIED There being no further discussion, it was MOVED, SECONDED, (unanimou.) to u.."pt the insurance report, as presented'
I
3-LMS2995-AcM-Minutes
AGM Minutes of the Strata Corporation Marina Pointe (LMS2995) Held on Tuesday, June 18, 2013
i0.
OF TH RMS II
RESI
w
NCIL
ED AND TH
ION OF
RS
RATA
COUNCIL MEMBERS FOR 2013/2014 The Owners thanked the current Strata Council Members with a round of applause for all of their efforts and hard work in maintaining and managing "Marina Pointe".
Mr. Ramirez asked for a motion to open the floor for nominees and/or volunteers to serve on Council. It was MOVED, SECONDED, and CARRIED to open the floor for volunteers and it was then MOVED, SECONDED, and CARRIED to close all nominations.
The following Owners were then elected to serve on the Strata Council by way of majority vote:
r o o
a
Barry Ferguson (2 year term) Mark Greenberg (2 year term) llendrik Kuipers (2 year term)
Following the election of the new Strata Council, Strata Corporation LMS2995 Council Members currently elected to office are:
. o . o o o o 11.
Sarah McGrath (Last Year of 2 yeat term) Paul Crema (Last Year of 2 year term) Joseph Kardum (Last Year of 2 year term) Barry Ferguson (2 year term) Mark Greenberg (2 year term) Ilendrik Kuipers (2 year term) Lawrence Keenan - Commercial Executive
ANY OTHER MATTER a)
Librarv:
An Owner made a suggestion to introduce a used book library swap program ln the building and Council will be looking into having shelving installed in the H20 lounge for this purpose.
b)
Composting: rarsed a suggestion that the building should have a composting program; however, it was noted that there are already rodents attracted to the building and introducing a composting system may have a negative effect.
c)
Vendins Machine: An Owner macle a suggestion that there should be healthy altematives in the vending machine in the club and Council will look into this.
e" O**t
13 LMS2995 AGM Minutes
Marina Pointe (LMS2995) AGM Minutes of the Strata Corporation Held on TuesdaY, June 18, 2013
ANY OTIIER MATTER_ CONT'D
11.
d)
ffincernregarding|henave1s.o1Be1t^tvwilI.*dtheyrvere a on this issue and willbe reviewing informed that counJli;;tdily *;tki"g q""i" the upcoming Strata Council meeting' "a
e)ffiraisedaconcernregardingtheti1esi.1the-p:91T:uustheyarequite council could look into a solution into fr"* i}tn" asked and *"t *rr.r, slippery this Problem.
f)
ffiegarding to be *Jil. be scheduled
s)
ft
"
the wallpap:.r,i,11:9:,.11':,q:ij tt"i Councii will look into this issue'
if it would
Trees on Common ProperW: _ rite ,r +La nnrr t19es aroSld tl-::"ip::: An Owner made u .fr:tlo-" tt'at the ffi,fl::'nt,O;"was ;ould possibly damage the building. It regarding this speak to ihe landscape contractor asked if the ,r"* corr.r"ll could
#r;:xr #;ff"Lliil;#;il issue.
h)
12.
the water inside their unit that they *ater shuloff valves inside the closets as they should only be using tn" shutoff valves on the plumbing fixtures' are higher quality than the individual
t
#i"
are shutting
o^f-f
NEXT MEETING meetins room council Meeting and willbe held in the The next meeting will be a Strata l6h' bJen scheJuled for Tuesday' Jtily Vancouver,'tChas Boulevard, Expo 1009 at only)' 20l3rat 6:30 p.m. (Strata Council Members
13.
TERMINATION OF MEETING to it was MovED, SECONDED, and CARRIED There being no further business, at9:.27 p'm' terminate the Annual General Meeting
RespectfullY submitted,
n'z-Vtit
Elliott, Strata Agent
" (B'C') Ltd' Rancho Management Services Agents for Strata Plan BCS4135 ;;fFi;;, - 1190 Hornby Street, Vancouver'BC'y622\1phone: (604) 684-4iois Atnbun EMERGENCY sERvrcES) Direct Line: (604) 331-4280 Email : melliott@rancho group' com 13 LMS2ggs-AGM-Minutes
AGM Mioutes of the Strata Corporation Marina Pointe (LMS2995) Held on Tuesday, June 18, 2013
RANCIIO'S INTERNET SITE please be advised we recently launched myRanchostrata wherein owners will now have their online for the own individual log-ins to view minutes, notices, and other strata-related documents project user log-in' As strata they own. 1.o.r, new individual log-in will replace your current go to www.ranchovan'com such, if ytu have not registered yet for your individual log-in, please and click on "Register Now for your new Log-In".
1
3_Ltrt4S2995-AGM-Minutes
APPROVED 2013/2OI 4STRATA FEE SCHEDULE STRATA CORPORATION LM52995 THE WATERWORKS YALETOWN LTD. EDITION LANDMARK 33
S.L.
401
UNITf
BLDG.
1S06
Lr\,,13s
1907 1908
I M33
403
1909
LM33 LM33
404
2001
LN4:
405
2AO2
LM33
406
2003 ?oo5
408
2006 2007
410 1
1?
2008 2009 2101 2103
7
418
419 420
2106 2101 2104 2109 2202
422 424 425
LM33 LM33
2203 2205 2206 2201
RES
RES
TOTAL
OPER FUND CONT
CRF FUND CONT
RES
42 2A
LM33
$ 327
2.75
31
244
2A 30
798
LM33 LM33
40 42
17 S8
28
s
$ 244 s
2A
$
2.44
s
266 .1€ 3.72 3.54 3.72
2.75
$
LN
LM33 LM33
47
$
LM3
4?
s
Lt\r33 I M33
40 42
$
s s
s
$ 3
1.S8
$
LN L[,133
439
2502 2503 2505
440
2506
LM33
42 40
441 442
2507
LM33
42
$
3.r2
2508
31
s
2509
$
2.75 2.48
2601
l M33
2A 2A
$
2-44 s
2602 2603
LM33 LM33
30
s
?66
3.72
s
275
s s
1
12A4 20. 17.S8
s
20.66
416 3.t2
20.12
s
24
79a
3 t s
21.70 20_66
LM33 LM33
40
2601
Lt\,133
$ s
3.72 3.54 3.72
$ s
4?
450
2608 2609
LM33 r M33
31
s
275
$
2A
$
2-44
27A1
LM33 LM33
30
$
2.66
LM3
47
s
4.16
LM33
42
$
3
456
2703 2705 2706
LM33
40
45t
2707
Lt\,433
42
g
458
2704 2709
LM33
31
LM33
s s
2401
LM33
2A 2A
s $ 244 s
$
2.44
461
2AO2
2803
LM33 {33
2.66
462
244 s
s
1.98 11 CA
$ s
12.84
$
20.12
$
24-24
1798 1712
$
21.70
s
20.56
1.S8 12 84 1
17 98
3.54
466
Lt\,t33
31
4b/
2808 2809
LM33
26
s
2.48
468
2901
Lt\r33
2A
$
2.44
s
469
2902
Lt\,133
266
2903
LM33
$ $
71
2S05
30 47 42 40
s
470
414 415
2908
LM33
31
$
2909
LM:
s
2.48
4t6
3001
L[,133
$
24
477
3002
L[,133
28 30
4ta
3003
LM33
41
s s
2.66 16
$
$
s
s
s
17.S8
5
13.27
3 s
11.98 12.84 20.12 9€
327 198
s
2012
16.01 i
278
3
42.55
$
456.07
28.37
g
304.05
s
14.46
s 3
24.24
413.52
3052' 275 68
$
5-S $ $
30.39 47.62 42.ss
i
s
3
t
3'18.51
$
3rr51
4323
$
341.25
s
60.53
$
4lT.lt
57.64
3
n55-O2
s
477.77
34'1.26
60.53
40.35 I 5 4323 I $
51037 tr-d:67
;6637
67.73
28.37 28.37
304.05 304.05
42.55
Gil
510.37
47.62
4rs5 4os,
a6;7 $
42.55
$ s s Tna $ 298.03
31.41
40.52
I
9.
!. _q
iAi5
_q
TG.o7
$
_c
31.41
$
397.37 717.24
a67n6 278.16 278.16 298.03
I
$
53,1.64
6os3ls
477.77
isro2
F--5?s4TI
$ $ s s
$ 4nA $ 3ri.57 $ s 417.24 307 S6 s 466.91
s
$---n5
275.68
295
31
$
30.3S
413.52 305 2i
s
31.4
4135' 393.63 413.52 305.22
$ $ $
42.5
47.62
$ s
42.55
40J2 42.55 31.41
s $ $ $ s 3
325.77 510.37
4s6.07 434,35 456.07 336.52
28.37
s $ $ 5 $ $ s
417.24
307.96 278.16 298,03 466.s1 417.24
3r?3? 417.24
307.96
?7a16
60.53 I $
lnn
4467 |
S
15l'64
| I
$ $
40.35 40.35
3fiJl 3'185,l -r41-z6-
534.64
67.73 | $ 60.53 | $
477
n
5764 | $ 60.53 44.67
I I
$ $
43.23
I5 677313
341.26 534.64
I$ 44.671s
477.77
I$ 67.731$
341.26
t s
60 53
$ $
43 23
t- 6oATt $ s7.641$ $ $ s
$ 44.67 1 $ 40.351$ 60 53
I
d323 I
238.03
411.24
456.0,7
56as6 s
$ $ s
462.
$
305.2'
$ $ 3
413. 393.
s
S
352.il
534.64
4??.?, 455.02
477.t7 352
u
318,51 31',1.26
$ s q
60.53f$ 44.671$ 40 35 I $
477.1t
$ s q
67.73
l$ 60.531$ 57 64 I s
su.il
352.64
3l8.sl
s10.3i
28.
$
28.
417 24
43,1.3!
336.6i
s
$
'{56.0;
477.n 155.02
44.67
$
318.51
274.
s
s $
s 336.61
s s
$
$
s s
15,
275 _61
413.
20.66
$
21.70
$
393. 41 3.
s
16.01
s
s
1445
s
14,46 {5.50
$ $
s
44.67
s
318.51
274
s $
$
2r.70
24.24
$
40.3s
i;Fi7 !. ;i4:5s !. 455.07 !. 3*;t !.
$ $ s $ $ s
462.75
s
s t
4035
477.77 352.64
s
s s
$
$
$
21.11 16.01
3
s
s s
s
$
s $ ,
s
21.24 21.70 20.66
24.24 21, 20.66
372
42
't5.50
$
15.50
3.54
$
44.67
d55.02
$
14.46
5
R
LM33
s
$
$
2907
s
12.84
42
3.54 3.72 2.75
s
14.4G
20.12
40
$
I
s $ s
Lt\,433
2906
$
14.46
LM33
472 473
s
15.01
s
LM33
372
s
1194
2407
$
s
s
s
2406
304.05
60.53
$ s
$
21-7t
14.45
2805
s
$ $ $ $ $ $
s
$
4S
LM33 LM33
14.d6
11.98
17.98
s s $ $
13.27
7.98
$
s
21.79
1
s
462
$ 5
s
14.45
s
s
s $
I 3
4M
2.15
$
$
37?
372
$
$ $ s
5
21.70
{6.01
13.2t
13.27
s
OUE
s t
57.64
s
s
s
s
5
g
t5.50
2606
62
E
30 33
s $
14.t4 14.45
2605
$ $
$
s
3 s
$
s
s
$
6
41?52
$
s
s
12.84
1
71rs2
i
s
7t
11.98
s
ffi s
16.01
$ s
s
&37
$
s
21
2.66
4.16
$
s
$
)44 s
$
c
s
s
s
47
$ $
21.70
s
3U
s
15-50
2n.28
30
7S8
$
434.35
14.46
$
2A
3.54
42.55
28.37
295.37
$
14.46
Ll\,433
s
s
$ $ 462.75 $ A3.a $ 3S3.83 $ ZnA $ 3GA $ 275.64 $ 275.68 $
I
$
16.01
17.12 17.98 13.27
t
TOTAL STRATA FEES
TOTAL CRF FUNO CONT
$
s s
20.66
LM33
444 449
459 460
21_74
40.52
$
24.24
2.44
s
s
s
s
47
$
s
$
2A
$ s
413 52
$
s
LM33
LM33 I M33
s
21.70
21.70
2308 2309 ?501
s
7.S8
s $
TOTAL OPER FUND CONT
$
s
$
1327 1198
2307
$
462.75
12.84
1
JOINT ONLY
s $
$
14.45
rOTAL
s
24.28
$
393 83
275 6g
$
$
11.98
CONT
JOINT CRF FUNO CONT
s
14.45 15.50
s
$ s 2.44 $ s 2.4 4.16 $ 37) s 3.54 $
4U
40 42
$ $
l4.,rc
JOINT OPER FUNO
s
16,01
13.2/
17_12
433
30
CONT
21.70
20.66 21.70
20.66 21.70 t6_ol
c I
42
$
LM:
t s $ s
2012
275
2A
s $ s
a $ $
LM33 l M33
45s
16,0l
TOTAL COMM ONLY
COMM CRF FUNI
11.46
2306
2702
1.98
1
)305
453 d54
14,4
s
432
451
14.46
$
s
431
446 447
s
40
47
444
$ $
42
LM33
437
21-70
15.50
430
435
t 5
24.24
42
Lt\,i33
$
I
LM33 LM33
424 429
20.6t
5
2208 2209 2301 2302 2303
421
ONLY $
47
LM33 LM33
LM33 r M33
COMM OPER FUND CONT
30
LM33 LM33
413 415 416
LM33
u.E
$
s
$41 $39 s 41
s
57.64
$ $ $
177. 455. 477.
THE WATERWORKS YALETOWN LTD. EDITION LANDMARK 33 STRATA CORPORATION LMS2995
MINUTES OF THE ANNUAL GENERAL MEETING OF THE OWi\ERS OF MARINA POTNTE, STRATA PLAN LMS2995, HELD IN TIIE LOUNGE AT CLUB H20, 1009 EXPO BOULEVARI), VANCOUVER, B.C., ON TUESDAY, JUNE 18tn, 2013 AT 6:30 P.M.
IN ATTENDANCE
A total of 116 Owners
represented either in person or by proxy (76 in person, 40by proxy, including the Residential and Commercial Sections)
COUNCIL MEMBERS Barry Ferguson Mark Greenberg Kathy Hermanson
Joseph Kardum Paul Crema Sarah McGrath
REPRESENTING RANCIIO MANAGEMENT SERVICES G.C.) LTD. Gus Ramirez, Senior Strata Agent Mike Elliott, Strata Agent
Kiran Palla, Strata Agent Nicole Huang, Strata Agent
REGRET Lawrence Keenan
1.
CALL TO ORDER The Owners were informed that a quorum was not present. However, in accordance with Bylaw 28(2), the Owners could proceed with the meeting within a half hour from the time appointed:
"If within half an hour from the time appointed for an Annual General Meeting a quorum is not present, the persons entitled to vote shall be deemed to constitute a quorum." Therefore, the meeting was officially called to order by Mr. Barry Ferguson at 7:00 p.m. It was agreed that Barry Ferguson with the assistance of Gus Ramirez would chair the meeting.
2.
CALLING OF TIIE ROLL AND CERTIFICATION OF PROXIES It was confirmed at the beginning of the meeting that there were 116 Owners represented at the meeting either in person or by proxy (both for the Residential and Commercial Sections).
Mr. Gus Ramirez informed the General Membership that the total amount of represented Owners did not constitute a quonrm. However, the Owners present could proceed with the business at hand in accordance with Bylaw 28(2) of the Strata Corporations Bylaws.
Pointe (LMS2995) AGM Minutes of the Strata Corporation Marina Held on TuesdaY, June 18, 2013
\
a
\
J.
that the notice of the Annual General It was MovED, SEC'NDED, and CARRIED been received in compliance with the to have Meeting dated May 30th, 2ll3,u" a..t".a Act' notice frovisions of the Strata Property
General Meeting
of the 2012 Annual Mr. Gus Ramirez informed the owners that a copy in tonigfut]s meeting. He then asked if anyone minutes was enclosed with the notice of attendancenotedanyelrorsoromissionsintheminutes'th"ttbeingnonenoted'itwas the Annual General Meeting MovED, SECONDED, and CARRIED to approve minutes of June 72th,2072 as distributed'
PRESIDENT'S REPORT
5.
Mr.BarryFergusonintroducedthe20l:rlzol.2StrataCouncilMembers:
o o o o o o
Barry Ferguson JosePh Kardum Mark Greenberg Paul Crema KathY Hermanson Sarah McGrath
He also introduced Gus Rami rez
and
Mike Elliott, the strata Agents of
Rancho
Management Services (B'C') Ltd'
Mr.FergusonwentontocompletehisPresident'sReportandbrieflydiscussedthe foilowing issues:
o
by RDH Engineering and council A depreciation report has been commissioned report' The report will to receive the2"d version of the draft is currently waiting be issued to all Owners once it is finalized'
oAlloftheCommonAreacarpetswerereplacedbyStrataGFlooring. .BuildingandWindowcleaningiscurrentlyunderway. oLandscapingbyBeattyWalkway/CambieBridgehasbeenreplaced. oA$50,000creditwasreceivedfromotisElevatoronoutstandinginvoicesfrom 20l0.Anew5yearservicecontractwasalsosignedwiththem.
o
been completed' Extensive parkade membrane repairs have
.Clothingdonationbinshavebeeninstalledaroundthecompiex. oNewwaterboosterpumpsthataremoreefficienthavebeeninstalled.Arebate ofapproximately$30,000fromBCHydrowasreceivedforthisworktooffset the cost'
oHandicapdooroperatorshavebeeninstalledinthelobbies. oSecurityupgradeswerecompletedtothefireexitstairwells. I
3-LMS2995-AGM-Minutes
l
AGM Minutes of the Strata Corporation Marina Pointe (LMS2995) Held on Tuesday, June 18, 2013
6.
FINANCIAL REPORT
Mr. Gus Ramirez of Rancho Management reviewed the year-end financial statements (April 30th, 2013; with the General Membership. He noted that the Joint section ended the year with an operating surplus of $ 3 1,492, the Residential section with an operating surplus of $ 10,341, and the Commercial section with an operating deficit of $ 140. The values of the contingency funds for the three sections were as follows:
o o o
Joint section: $ 178,670.34 Residential section: $ 671,540.83 plus $600,000 from the settlement funds. Commercial section: $ 13,315.61
After a detailed review of the financial statements including the withdrawal from the Contingency Funds, the Strata Council and Rancho answered specific questions from the Owners present in regards to the financial statements.
o o
It was MOVED, SECONDED, and CARRIED to approve the Joint section of the financial statement for the period ending April 30th, 2013 as presented; It was MOVED, SECONDED, and CARRIED to approve the Residential section of the financial statement for the period ending April 30th, 2Ol3 as presented;
o It was MOVED, SECONDED, and CARRIED to approve the Commercial section
of the financial
statement
for the period ending April
30th, 2013 as
presented; 7.
PROPOSED OPERATING BUDGET
Mr. Gus Ramirez informed the General Membership that the proposed Joint operating budget for 201312014 has a 1..2o/o increase in fees and there is no increase in the Residential and Commercial budgets.
o It
was MOVED, SECONDED, and CARRIED to approve the
proposed
Residential section of the operating budget as presented; and CARRIED to approve the proposed Joint section of the operating budget as presented and as well as carrying forward the Residential and Joint section surplus into the Joint section 201312014 fiscal
o It was MOVED, SECONDED, period.
o It
was MOVED, SECONDED, and CARRIED to approve the proposed Commercial section of the operating budget as presented;
8.
% VOTE RESOLUTIONS
Mr. Gus Ramirez informed the Owners that the difference between Resolution "A"
and
Resolution "B" was that Resolution "A" did not permit smoking on Common Property and/or on Limited Common Property (balconies and patios) while Resolution "B" did not permit smoking in these same areas as well as inside individual Strata Lots.
I
3_LM5299S_AGM_Minutes
AGM Minutes of the Strata Corporation Marina Pointe (LMS2995) Held on TuesdaY, June 18, 2013
% VOTE RESOLUTIONS _ CONT'D
8.
it was motion was MOVED by an owner to vote on Resolution "8" first and debate SECONDED and the floor was then opened for discussion. After a lengthy question, and the motion was amongst the Owners, a motion was put forward to call to a opened again SECONDED; however the motion was DEFEATED. The floor was then were 87 in for discussion. After the discussion Resolution "B" was put to a vote' There and favour, 15 abstained, and 14 opposed; therefore, Resolution "B" was CARTUED
A
there was no need to vote on Resolution
"A"'
REPORT ON INSURANCE
9.
Mr. Gus Ramirez reviewed the Strata Corporation's insurance policy with the Owners with a present. It was noted that the property is currently appraised at $155,500,000 directors for coverage b10,000,000.00 for general liabiiity and $10,000,000.00 liability and officers. The deductibles are as follows:
. . . . . o . . .
l\Yo for earthquakes $100 for glass $25,000 for flood damages $25,000 for water related damages $25,000 for sewer backuP damages $2,500 for all ProPertY risks $250 for lock and key $1,000 for boiler and machinerY $25,000 for pollution liabilitY
Mr. Gus Ramirez also reminded the owners present that the Strata Corporation's
betterments inr.rrun". policy does not provide for individual contents, improvements or must (i.e. clothing, furniture, decorating, upgrading of carpets, flooring, etc'). owners improvement any carry their own tenant package insurance for such coverage, including their units out must have and liability insurance. Also, investor Owners who are renting
they are not able rental insurance coverage in the event that their suite is not habitable and Strata to obtain rental ,"u.r,i" for it. The Owners were finally reminded that the which lots Strata the Corporation,s insurance policy only covers original fixtures inside appliances, original were installed by the Owner tieveloper (i.e. original carpets, original cabinetry, etc.).
and CARRIED There being no further discussion, it was MOVED, SECONDED, (unanimou.) to u.."pt the insurance report, as presented'
I
3-LMS2995-AcM-Minutes
AGM Minutes of the Strata Corporation Marina Pointe (LMS2995) Held on Tuesday, June 18, 2013
i0.
OF TH RMS II
RESI
w
NCIL
ED AND TH
ION OF
RS
RATA
COUNCIL MEMBERS FOR 2013/2014 The Owners thanked the current Strata Council Members with a round of applause for all of their efforts and hard work in maintaining and managing "Marina Pointe".
Mr. Ramirez asked for a motion to open the floor for nominees and/or volunteers to serve on Council. It was MOVED, SECONDED, and CARRIED to open the floor for volunteers and it was then MOVED, SECONDED, and CARRIED to close all nominations.
The following Owners were then elected to serve on the Strata Council by way of majority vote:
r o o
a
Barry Ferguson (2 year term) Mark Greenberg (2 year term) llendrik Kuipers (2 year term)
Following the election of the new Strata Council, Strata Corporation LMS2995 Council Members currently elected to office are:
. o . o o o o 11.
Sarah McGrath (Last Year of 2 yeat term) Paul Crema (Last Year of 2 year term) Joseph Kardum (Last Year of 2 year term) Barry Ferguson (2 year term) Mark Greenberg (2 year term) Ilendrik Kuipers (2 year term) Lawrence Keenan - Commercial Executive
ANY OTHER MATTER a)
Librarv:
An Owner made a suggestion to introduce a used book library swap program ln the building and Council will be looking into having shelving installed in the H20 lounge for this purpose.
b)
Composting: rarsed a suggestion that the building should have a composting program; however, it was noted that there are already rodents attracted to the building and introducing a composting system may have a negative effect.
c)
Vendins Machine: An Owner macle a suggestion that there should be healthy altematives in the vending machine in the club and Council will look into this.
e" O**t
13 LMS2995 AGM Minutes
Marina Pointe (LMS2995) AGM Minutes of the Strata Corporation Held on TuesdaY, June 18, 2013
ANY OTIIER MATTER_ CONT'D
11.
d)
ffincernregarding|henave1s.o1Be1t^tvwilI.*dtheyrvere a on this issue and willbe reviewing informed that counJli;;tdily *;tki"g q""i" the upcoming Strata Council meeting' "a
e)ffiraisedaconcernregardingtheti1esi.1the-p:91T:uustheyarequite council could look into a solution into fr"* i}tn" asked and *"t *rr.r, slippery this Problem.
f)
ffiegarding to be *Jil. be scheduled
s)
ft
"
the wallpap:.r,i,11:9:,.11':,q:ij tt"i Councii will look into this issue'
if it would
Trees on Common ProperW: _ rite ,r +La nnrr t19es aroSld tl-::"ip::: An Owner made u .fr:tlo-" tt'at the ffi,fl::'nt,O;"was ;ould possibly damage the building. It regarding this speak to ihe landscape contractor asked if the ,r"* corr.r"ll could
#r;:xr #;ff"Lliil;#;il issue.
h)
12.
the water inside their unit that they *ater shuloff valves inside the closets as they should only be using tn" shutoff valves on the plumbing fixtures' are higher quality than the individual
t
#i"
are shutting
o^f-f
NEXT MEETING meetins room council Meeting and willbe held in the The next meeting will be a Strata l6h' bJen scheJuled for Tuesday' Jtily Vancouver,'tChas Boulevard, Expo 1009 at only)' 20l3rat 6:30 p.m. (Strata Council Members
13.
TERMINATION OF MEETING to it was MovED, SECONDED, and CARRIED There being no further business, at9:.27 p'm' terminate the Annual General Meeting
RespectfullY submitted,
n'z-Vtit
Elliott, Strata Agent
" (B'C') Ltd' Rancho Management Services Agents for Strata Plan BCS4135 ;;fFi;;, - 1190 Hornby Street, Vancouver'BC'y622\1phone: (604) 684-4iois Atnbun EMERGENCY sERvrcES) Direct Line: (604) 331-4280 Email : melliott@rancho group' com 13 LMS2ggs-AGM-Minutes
AGM Mioutes of the Strata Corporation Marina Pointe (LMS2995) Held on Tuesday, June 18, 2013
RANCIIO'S INTERNET SITE please be advised we recently launched myRanchostrata wherein owners will now have their online for the own individual log-ins to view minutes, notices, and other strata-related documents project user log-in' As strata they own. 1.o.r, new individual log-in will replace your current go to www.ranchovan'com such, if ytu have not registered yet for your individual log-in, please and click on "Register Now for your new Log-In".
1
3_Ltrt4S2995-AGM-Minutes
APPROVED 2013/2OI 4STRATA FEE SCHEDULE STRATA CORPORATION LM52995 THE WATERWORKS YALETOWN LTD. EDITION LANDMARK 33
S.L.
401
UNITf
BLDG.
1S06
Lr\,,13s
1907 1908
I M33
403
1909
LM33 LM33
404
2001
LN4:
405
2AO2
LM33
406
2003 ?oo5
408
2006 2007
410 1
1?
2008 2009 2101 2103
7
418
419 420
2106 2101 2104 2109 2202
422 424 425
LM33 LM33
2203 2205 2206 2201
RES
RES
TOTAL
OPER FUND CONT
CRF FUND CONT
RES
42 2A
LM33
$ 327
2.75
31
244
2A 30
798
LM33 LM33
40 42
17 S8
28
s
$ 244 s
2A
$
2.44
s
266 .1€ 3.72 3.54 3.72
2.75
$
LN
LM33 LM33
47
$
LM3
4?
s
Lt\r33 I M33
40 42
$
s s
s
$ 3
1.S8
$
LN L[,133
439
2502 2503 2505
440
2506
LM33
42 40
441 442
2507
LM33
42
$
3.r2
2508
31
s
2509
$
2.75 2.48
2601
l M33
2A 2A
$
2-44 s
2602 2603
LM33 LM33
30
s
?66
3.72
s
275
s s
1
12A4 20. 17.S8
s
20.66
416 3.t2
20.12
s
24
79a
3 t s
21.70 20_66
LM33 LM33
40
2601
Lt\,133
$ s
3.72 3.54 3.72
$ s
4?
450
2608 2609
LM33 r M33
31
s
275
$
2A
$
2-44
27A1
LM33 LM33
30
$
2.66
LM3
47
s
4.16
LM33
42
$
3
456
2703 2705 2706
LM33
40
45t
2707
Lt\,433
42
g
458
2704 2709
LM33
31
LM33
s s
2401
LM33
2A 2A
s $ 244 s
$
2.44
461
2AO2
2803
LM33 {33
2.66
462
244 s
s
1.98 11 CA
$ s
12.84
$
20.12
$
24-24
1798 1712
$
21.70
s
20.56
1.S8 12 84 1
17 98
3.54
466
Lt\,t33
31
4b/
2808 2809
LM33
26
s
2.48
468
2901
Lt\r33
2A
$
2.44
s
469
2902
Lt\,133
266
2903
LM33
$ $
71
2S05
30 47 42 40
s
470
414 415
2908
LM33
31
$
2909
LM:
s
2.48
4t6
3001
L[,133
$
24
477
3002
L[,133
28 30
4ta
3003
LM33
41
s s
2.66 16
$
$
s
s
s
17.S8
5
13.27
3 s
11.98 12.84 20.12 9€
327 198
s
2012
16.01 i
278
3
42.55
$
456.07
28.37
g
304.05
s
14.46
s 3
24.24
413.52
3052' 275 68
$
5-S $ $
30.39 47.62 42.ss
i
s
3
t
3'18.51
$
3rr51
4323
$
341.25
s
60.53
$
4lT.lt
57.64
3
n55-O2
s
477.77
34'1.26
60.53
40.35 I 5 4323 I $
51037 tr-d:67
;6637
67.73
28.37 28.37
304.05 304.05
42.55
Gil
510.37
47.62
4rs5 4os,
a6;7 $
42.55
$ s s Tna $ 298.03
31.41
40.52
I
9.
!. _q
iAi5
_q
TG.o7
$
_c
31.41
$
397.37 717.24
a67n6 278.16 278.16 298.03
I
$
53,1.64
6os3ls
477.77
isro2
F--5?s4TI
$ $ s s
$ 4nA $ 3ri.57 $ s 417.24 307 S6 s 466.91
s
$---n5
275.68
295
31
$
30.3S
413.52 305 2i
s
31.4
4135' 393.63 413.52 305.22
$ $ $
42.5
47.62
$ s
42.55
40J2 42.55 31.41
s $ $ $ s 3
325.77 510.37
4s6.07 434,35 456.07 336.52
28.37
s $ $ 5 $ $ s
417.24
307.96 278.16 298,03 466.s1 417.24
3r?3? 417.24
307.96
?7a16
60.53 I $
lnn
4467 |
S
15l'64
| I
$ $
40.35 40.35
3fiJl 3'185,l -r41-z6-
534.64
67.73 | $ 60.53 | $
477
n
5764 | $ 60.53 44.67
I I
$ $
43.23
I5 677313
341.26 534.64
I$ 44.671s
477.77
I$ 67.731$
341.26
t s
60 53
$ $
43 23
t- 6oATt $ s7.641$ $ $ s
$ 44.67 1 $ 40.351$ 60 53
I
d323 I
238.03
411.24
456.0,7
56as6 s
$ $ s
462.
$
305.2'
$ $ 3
413. 393.
s
S
352.il
534.64
4??.?, 455.02
477.t7 352
u
318,51 31',1.26
$ s q
60.53f$ 44.671$ 40 35 I $
477.1t
$ s q
67.73
l$ 60.531$ 57 64 I s
su.il
352.64
3l8.sl
s10.3i
28.
$
28.
417 24
43,1.3!
336.6i
s
$
'{56.0;
477.n 155.02
44.67
$
318.51
274.
s
s $
s 336.61
s s
$
$
s s
15,
275 _61
413.
20.66
$
21.70
$
393. 41 3.
s
16.01
s
s
1445
s
14,46 {5.50
$ $
s
44.67
s
318.51
274
s $
$
2r.70
24.24
$
40.3s
i;Fi7 !. ;i4:5s !. 455.07 !. 3*;t !.
$ $ s $ $ s
462.75
s
s t
4035
477.77 352.64
s
s s
$
$
$
21.11 16.01
3
s
s s
s
$
s $ ,
s
21.24 21.70 20.66
24.24 21, 20.66
372
42
't5.50
$
15.50
3.54
$
44.67
d55.02
$
14.46
5
R
LM33
s
$
$
2907
s
12.84
42
3.54 3.72 2.75
s
14.4G
20.12
40
$
I
s $ s
Lt\,433
2906
$
14.46
LM33
472 473
s
15.01
s
LM33
372
s
1194
2407
$
s
s
s
2406
304.05
60.53
$ s
$
21-7t
14.45
2805
s
$ $ $ $ $ $
s
$
4S
LM33 LM33
14.d6
11.98
17.98
s s $ $
13.27
7.98
$
s
21.79
1
s
462
$ 5
s
14.45
s
s
s $
I 3
4M
2.15
$
$
37?
372
$
$ $ s
5
21.70
{6.01
13.2t
13.27
s
OUE
s t
57.64
s
s
s
s
5
g
t5.50
2606
62
E
30 33
s $
14.t4 14.45
2605
$ $
$
s
3 s
$
s
s
$
6
41?52
$
s
s
12.84
1
71rs2
i
s
7t
11.98
s
ffi s
16.01
$ s
s
&37
$
s
21
2.66
4.16
$
s
$
)44 s
$
c
s
s
s
47
$ $
21.70
s
3U
s
15-50
2n.28
30
7S8
$
434.35
14.46
$
2A
3.54
42.55
28.37
295.37
$
14.46
Ll\,433
s
s
$ $ 462.75 $ A3.a $ 3S3.83 $ ZnA $ 3GA $ 275.64 $ 275.68 $
I
$
16.01
17.12 17.98 13.27
t
TOTAL STRATA FEES
TOTAL CRF FUNO CONT
$
s s
20.66
LM33
444 449
459 460
21_74
40.52
$
24.24
2.44
s
s
s
s
47
$
s
$
2A
$ s
413 52
$
s
LM33
LM33 I M33
s
21.70
21.70
2308 2309 ?501
s
7.S8
s $
TOTAL OPER FUND CONT
$
s
$
1327 1198
2307
$
462.75
12.84
1
JOINT ONLY
s $
$
14.45
rOTAL
s
24.28
$
393 83
275 6g
$
$
11.98
CONT
JOINT CRF FUNO CONT
s
14.45 15.50
s
$ s 2.44 $ s 2.4 4.16 $ 37) s 3.54 $
4U
40 42
$ $
l4.,rc
JOINT OPER FUNO
s
16,01
13.2/
17_12
433
30
CONT
21.70
20.66 21.70
20.66 21.70 t6_ol
c I
42
$
LM:
t s $ s
2012
275
2A
s $ s
a $ $
LM33 l M33
45s
16,0l
TOTAL COMM ONLY
COMM CRF FUNI
11.46
2306
2702
1.98
1
)305
453 d54
14,4
s
432
451
14.46
$
s
431
446 447
s
40
47
444
$ $
42
LM33
437
21-70
15.50
430
435
t 5
24.24
42
Lt\,i33
$
I
LM33 LM33
424 429
20.6t
5
2208 2209 2301 2302 2303
421
ONLY $
47
LM33 LM33
LM33 r M33
COMM OPER FUND CONT
30
LM33 LM33
413 415 416
LM33
u.E
$
s
$41 $39 s 41
s
57.64
$ $ $
177. 455. 477.
