CITYGATE 1 LMS195
MINUTES OF THE SPECIAL GENERAL MEETING
January 25, 2007
The meeting was held in the lobby of
Citygate 1 LMS195 1182 Quebec Street, Vancouver, B.C.
(Printer
version)
CALLING OF THE ROLL
It was reported at the commencement of the meeting that forty one (41)
Owners were present in person and eighty four (84) Proxies for a total of
one hundred and twenty five (125) Strata Lots represented.
The meeting was called to order at 7:00 p.m. by Cam Lowry, President.
PROOF OF NOTICE
The meeting notice and agenda were distributed on January 4, 2007.
Cam Lowry reviewed the Parliamentary Procedures for the meeting. Cam also
reviewed the repiping project and advised that final deficiencies were
being addressed by Brighter Mechanical.
A Motion was made to thank all those who were involved with the repiping
project for a job well done. Seconded. Carried.
¾ VOTE RESOLUTION 1
Cam Lowry presented ¾ vote resolution 1 to the owners and explained that
the quote being presented for the restoration of the common areas was
based on the information presented at the Information Meeting that was
held on January 18, 2007. The remaining funds from the repiping project
are proposed to be used to pay for the restoration of the common areas.
A question arose regarding how the project would be managed. The project
is smaller than the repiping project and will require fewer trades to be
on site. A full time manager will not be required. An owner felt that the
design presented may not necessarily be the one to use and suggested that
options be obtained for colour and materials. An owner stated that it is
difficult to find one design and colour scheme that will please everyone.
It is important to update the common areas in order to help maintain
everyone's investment. Obtaining other designs will cost more money and
not everyone will be happy with the final product.
Cam read the proposed ¾ vote resolution as follows:
THEREFORE BE IT RESOLVED THAT the owners of Citygate 1 LMS195 approve the
use of the remainder of the repiping special assessment funds,
$291,069.55, to pay for the restoration of the lobbies and Tower hallways
which will cost $365,000.00.
A Motion was made to accept ¾ vote resolution 1 as presented. Seconded.
Carried. 110 voted in favour, 15 voted against, no abstentions.
¾ VOTE RESOLUTION 2
Cam explained that the remaining funds in the special assessment fund will
not fully cover the cost of the restoration of the common areas. The
owners are being asked to approve the use of the money in the operating
surplus account to help cover the cost of the restoration project.
Cam read the proposed ¾ vote resolution as follows:
THEREFORE BE IT RESOLVED THAT the owners of Citygate 1 LMS195 approve the
use of the funds in the operating surplus account, $74,268.04, to help pay
for the restoration of the lobbies and Tower hallways;
A Motion was made to accept ¾ vote resolution 2 as presented. Seconded.
Carried. 121 voted in favour, 4 voted against, no abstentions.
¾ VOTE RESOLUTION 3
An owner explained the affect that the roof leaks have had on his suite as
his unit is on the top floor. An owner advised that the developer of
Citygate 1, Bosa, should be contacted regarding the issue of the roof.
Cam read the proposed ¾ vote resolution as follows:
THEREFORE BE IT RESOLVED THAT the owners of Citygate 1 LMS195 approve the
withdrawal of up to $150,000.00 to pay for the replacement of the roof as
soon as the weather permits.
A Motion was made to accept ¾ vote resolution 3 as presented. Seconded.
Carried. Unanimously approved.
There being no further business, the meeting was terminated at 8:20 p.m.
Please retain at least 24 months of
Strata Council and General Meeting minutes. Should you decide to sell or
remortgage your suite, these minutes will be required by the potential
purchaser or lending institute. The Property Management company has copies
of the minutes however there would be a charge for obtaining a copy of the
minutes.
Gateway Property Management
Corporation
Main Switchboard (604) 635-5000
400-11950-80th Avenue Fax (604) 635-5001
Delta, B.C. Property Manager (604) 635-5022
V4C 1Y2 Administrative Assistant (604) 635-5037
|
