Take Notice That the 2Nd Annual General Meeting Of

GENERAL MEETING OF THE OWNERS STRATA PLAN NES 2253 TO BE HELD ON SATURDAY, 23 JUNE, 2012 at 8:00 P.M. IN THE LIZARD CREEK LODGE at the FERNIE ALPINE RESORT, FERNIE, B.C.

AGENDA

1.  CALL TO ORDER

2.  CALLING OF ROLL/CERTIFICATION OF PROXIES

3.  PROOF OF NOTICE OF MEETING

4.  APPROVAL OF AUDITED FINANCIAL STATEMENTS

5.  ELECTION OF STRATA COUNCIL

6.  APPOINTMENT OF AUDITOR

7.  ADOPTION OF THE ANNUAL BUDGET

8.  NEW BUSINESS

9.  ADJOURNMENT

APPROVAL OF THE FINANCIAL STATEMENTS – Year End: April 30, 2012

“The Strata Property Act” requires that the financial statements be approved at the Annual General Meeting or amended at such meeting by majority vote. The audited Financial Statements for the Year End: April 30, 2012 will be posted on the Owners secure web pages prior to the AGM for your review.

Resolution to be passed by majority vote.

“BE IT RESOLVED THAT the Audited Strata Corporation Financial Statements for the Year End April 30, 2012 be approved by the Strata Corporation.”

APPROVAL OF THE ANNUAL BUDGET – Year End: April 30, 2013

“The Strata Property Act” requires that the annual budget be approved at the Annual General Meeting or amended at such meeting by majority vote. The proposed annual budget for Year Ending April 30, 2013 will be posted on the Owners secure web pages prior to the AGM for your review.

Resolution to be passed by majority vote.

“BE IT RESOLVED THAT the Strata Corporation Budget for the Year Ending April 30, 2013 be passed and adopted by the Strata Corporation”

NEW BUSINESS

Special Resolutions requiring three-quarter (3/4) of the total eligible votes:

“BE IT RESOLVED” that the Lizard Creek strata Corporation borrow $115,000 from the Lizard Creek Owners Association to fund roof repairs. The loan will be at a rate of 3% per annum for a three year term with one annual principal and one annual interest payment, each payable on the annual anniversary date of the loan until repaid

“BE IT RESOLVED” that the Lizard Creek Strata Corporation approve the use of up to $6,000 from the contingency reserve fund to have an electric vehicle recharging station supplied and installed.

“BE IT RESOLVED” that the Lizard Creek Strata Corporation approve the use of up to $5,000 from the contingency reserve fund for common area furniture replacement as required.

“BE IT RESOLVED” that the Lizard Creek Strata Corporation approve the use of $3,500 from the contingency reserve fund to resurface one hot tub deck .

BUDGET ITEMS

The Strata Budget for 2012 – 2013 includes additional funding for the following:

1.  Increased R & M expense for CISA locks to secure hot tub areas, $1,400.

2.  Increased R & M expense to install landscape drainage, $3,000.