KOOTENAY COLUMBIA SENIORS HOUSING COOPERATIVE

 

MINUTES OF GENERAL MEETING 2800

Date: Sunday, May 13, 2007
Time: 07:00 P.M.
Location: Carpenters Hall, 2320 Columbia Avenue Castlegar, B.C.
Attendance: All members of KCSHC and the public
Agenda: (Dated 11 May 2007)

 

2801: Call to order

  • Reading of inspirational prose by Harry Jukes, received with applause.
  • Meeting called to order at 7:03PM by Elmer Verigin.

 

2802: Approve Agenda

  • Agenda approved.  M/S Mike Rowe/John Adams.

 

Aside by Elmer explaining addenda distributed with Meeting 2800 Agenda.

 

2803: Approve Minutes Meeting 2700 as distributed

  • Minutes accepted, M/S Doug Gresham/Fred Houghton.

 

2804: Treasurers Report - Dorothy

  • Verbal report given by Dorothy Dergousoff.
    • Report accepted, M/S by Dorothy Dergousoff/John Adams.
    • Question raised by Doug Gresham regarding discrepancy on previous report; Dorothy will report back.

 

Aside by Elmer Verigin discussing additional $10,000 being requested from Life Lease holders, requesting that attendees pay close attention during meeting as there will be a pivotal decision made during the meeting regarding go/no-go on the Grandview project.

 

2805: Status of project Membership and Loans

  1. Membership Applications  (146)    
  2. Life Leases are 42 commitments with 59 total available
  • Suggestion by John Adams that we have a show of hands of those who will commit to a Life Lease before construction start -- no hands went up.
  1. Residential Lots have 31 Loan Agreement Commitments out of 50 available
  2. Require approval for additional funding requirement of Infrastructure since Meeting 2600 approvals
    • Water Loop for Environmental requirements
    • Inclusion of original Life Leases D11 to D16 and T15 to T19 incl. into Phase 1
    • Change original Residential Lots 39 through 45 incl to 7 Bungalows and 1 Duplex as Life Leases
    • Alterations to Storm Retention Pond
    • Final location of Sanitary Sewer Main
  3. Motion recommendation from Directors... "M/S Dorothy Dergousoff / Harry Jukes, that we request the 59 Life Lease holders to increase the original $30,000 loan by an additional $10,000 payable by June 30, 2007..."
  • June 30 was chosen as that is also the time necessary to pay for acquisition of 20 acres of Ferraro property.  If Ferraro property is not purchased, another PLR will be necessary.
  • There are 109 "lots" being created; 50 of these residential lots are being sold as a fundraiser to offset about $6M including all costs.  An additional $2.4M is being contributed by 59 life leases.
  • Elmer explained that the $40,000 will be appended to the cost of a house to pay for a hypothetical $200K house.
  • Inspirational statements by Harry Jukes, Peter Stoopnikoff received with applause.
  • Doug Gresham spoke to the benefit of moving forward in a positive fashion with respect to marketing.
  • Otto Walker requested clarification over the concept of the Life Lease and the cost thereof.
  • Elmer explained that the Life Lease (in a nutshell) is a lease for property paid once.
    • Motion tabled while Fred Evanoff presented the Housing Committee report
  • Question called and passed with one abstention. 15 LL holders not present who will be contacted.  However, with 25+ LL holders present, a majority has voted in favour of the motion.
  • The point was raised by Mike Rowe that of those members who were not present some may not have the financial ability to raise the $10,000; this was countered with the point that this is a request rather than a demand.
  1. Please note that the $40,000 loan will become part of the Life Lease upon registration of the Life Lease for those entering into a Life Lease Agreement. Refund of this Infrastructure Costs will be possible when development takes place of:
    • Care Complex (120 units)
    • Apartment (40 units)
    • Residential Lots in DL 12355 (33 proposed)
    • Life Lease Bungalows (6 proposed)
  2. Future numbers of Life Lease Bungalows and / or Residential Lots are subject to future market conditions and membership decision at that time.
  3. Funding requirements as passed at Meeting 2600 will still be required from the membership at the same interest and standard Loan Agreement I. Loans can be from the general membership. Those who are interested may contact any members of the Directors or specifically, Treasurer, Dorothy Dergousoff or Project Manager, Elmer Verigin

 

2806: Presentation of revised Site Plan

  1. No change
  2. Construction Engineered Drawings are being deposited with CoC on Monday for final PLR

 

2807: Report on Infrastructure Design and CoC negotiations

  1. Public Hearing has achieved 3rd Reading on Zoning and OCP amendments on May 07, 2007
  2. Site Grading can begin the week of May 14, 2007 and will take from 2 to 4 weeks to complete
  3. Expect PLR within 2 weeks
  4. Require to post Letter of Credit to CoC for:
    • 14th Avenue North through Emerald Green of commitment from Bel that he will develop
    • Water line connection to CoC Main over Ferraros lands
    • Sanitary Sewer main over Ferraro lands to Minto Road
    • 46% of future Traffic Light at 37th Street / Highway 22 Junction
  5. City of Castlegar Council approves 4th Reading on Zoning and OCP
  6. Permission from CoC to proceed with Services and Road construction
  7. Require Membership confirmation that original approval of Marwest Contract can be executed for work to proceed as above
  • 2807.7 voting concurrent with 2813.2

 

2808: Report from Promotions Committee – Harry / Nora Jukes

  1. Garden Show in Nelson
  2. New brochures
  3. Website changes
  4. Other
  • Presentation by Harry Jukes
  • Appeal for members who can assist with web promotion.  
  • Betty Ann Mullen drafted by Harry Jukes.  Thanks Betty Ann!

 

2809: Building Committee Report – Fred Evanoff

  1. Comparison of current housing costs to that presented to membership at in October 2005
  2. Housing options (4) proposed
  3. Preliminary budget is based on 1,120 square feet as desired by Life Leases to date
  4. Special Meeting of Building Committee with all Life Leases on May 26, 2007
  5. Those members or proposed members who are considering will either commit before that date or accept decisions by that meeting
  6. Note Pick on site (subject to approval by members to proceed to site grading) is scheduled for June 09, 2007-05-1
  • Pick #4 has been rescheduled to 9:00AM on May 19th, 2007 on the Grandview Heights property.
  1. Pick #5 is proposed for June 16, 2007
  • Anticipated basic price of 1000 sq f bungalow (no addons) -- approx. $160,000
  • Fred began with an appreciation for the building committee.  Round of applause.
  • Fred's goal is to provide final design by end of May '07.
  • Exterior design of ground floor units has been finalized.
  • Interior design has yet to be finalized and needs the input of all available LL Holders. A meeting will be held to jointly come up with a final floor plan and design. This meeting will be to choose a floor plan only, and ensure that everyone is in agreement.  9:00AM on May 26th, 2007 on the Grandview Heights property.
  • Next pick may be moved up prior to this meeting so that members who have become LL holders but not yet picked will have the opportunity to take part in the design discussion.

 

2810: Grants status – Irene Evanoff

  1. Listing of volunteers hours
  2. Other

 

 

2811: Care Committee Report

  1. Report on trip to Laurier Place, Edmonton – Janice
  2. Proposed Action Plan – John and Elmer
  3. Appeal for members to Care Committee – John Adams

 

2812:

 

 

2813: Status of purchase of DL 12357 from Ferraros

  1. Completion date is June 30, 2007
  2. Need confirmation by membership to proceed on original decision
  • Motion by Fred Evanoff to forge onward with no hesitation. M/S by Fred Evanoff/Alec Bojey, question called and passed unanimously.  This covers 2807.7 as well.

 

2814: Other

 

 

2815:  Other

 

 

2816: Adjourn

 

Motion to adjourn.  M/S John Adams/Harry Jukes.