Category: General Meetings

Board Report to the February 27 Budget General Meeting

This Budget General Meeting is an important one, as the Co-op has entered a period of financial rebuilding after the completion of the 1750 project and a series of moves involving ten units, eight member households and three new member households.

In the last stages of the project, it was necessary for the Board to transfer the futures fund and $57,733.47 of the subsidy fund into the replacement reserve. One of the membership’s tasks at this year’s meeting will be to consider how quickly we replenish the subsidy fund. You will see that the Board proposes to repay the fund over three years and that we have asked for budget projections at 4% and 6% for the membership’s consideration, in order to begin this repayment, cover our yearly expenses and start to rebuild our replacement reserve.

As a consequence, we must consider what kind of housing community we want to be. Vancouver East was started under the Section 95 program, which ran from 1979 – 1985 and created over 160 housing co-operatives in British Columbia alone. Built into this program was subsidy for low-income members and a commitment to creating mixed income communities.

The Board supports ongoing commitment to the basis upon which our housing co-operative was founded. We recommend rebuilding a robust subsidy fund, so that if the government programs we participate in end we can continue to house members in need. We recognize that as costs rise, so too will our housing charges in order to rebuild and fund our reserves and meet our yearly budget requirements. However, we support an approach that does not create undue hardship for low and moderate income members or force them to self-select out of affordable housing into a predatory rental market.

Looking forward, we will be recommending to next year’s Board that they start the process of reviewing and renewing our Capital Reserve Plan, in order to make ourselves ready for future challenges in repairing and renewing our aging infrastructure, while maintaining a thriving community across our six sites.

AGM Update

Voting
Photo by Element5 Digital on Unsplash

Welcome to our 2019-2020 Board! They were elected by acclamation at the Co-op’s annual AGM on June 26, 2019.

  • Leo Aitken-Mundhenk
  • Steve Berger (President)
  • Meghan Carrico
  • Marie-Geneviève Lane (Treasurer)
  • Ceile Prowse (Secretary)
  • Tara Sawatsky
  • Leanne Smith
  • Michel Turmel
  • Silas Woodsmith (Vice-President)

Thanks to Sue Moorhead for chairing the meeting, the Social Committee for providing snacks, and to everyone who volunteered on their sites, our committees, and on the Board over the last year. Thanks also to our AGM guests, David Marsh of Marsh, Marsh & Company and Kyle Smith of Cana Management.

AGM 2019 – Wednesday, June 26th at 7:30 p.m. in the CHF BC Conference Room

AGM 2019

 

THE ANNUAL GENERAL MEETING for VANCOUVER EAST HOUSING CO OPERATIVE

When: Wednesday, June 26, 2019 at 7:30pm

Where: CHF BC Conference Room, 220 – 1651 Commercial Drive

Engage with your Co-op, review the last fiscal year, and elect your next Board of Directors.

• Presentation of the Co-op’s Financial Statements
• Annual reports from the Board and Committees
• Elect Directors to the 2019 – 2020 Board of Directors

Please bring the packages you received in the mail.

Please note that this meeting will be held in CHF BC’s Conference Room, which is on the second floor of Il Mercato Mall at 1st & Commercial.

Refreshments will be provided by the Social Committee and all are encouraged to bring their own plates, cups and cutlery.

Budget General Meeting – February 19, 2019 at the CHF BC offices

2019 Budget GM

THE February 2019 Budget GENERAL MEETING for VANCOUVER EAST HOUSING CO OPERATIVE

When: Tuesday, February 19, 2019 at 7:30pm

Where: CHF BC Conference Room, 220 – 1651 Commercial Drive

The presentation of the proposed budget will be led by Lisa Berting of Cana Management.

Please bring the packages you received in the mail, they include materials for discussion of the proposed budget.

Please note that this meeting will be held in CHF BC’s Conference Room, which is on the second floor of Il Mercato Mall at 1st & Commercial.

Refreshments will be provided by the Social Committee and all are encouraged to bring their own plates, cups and cutlery.

General Meeting – November 29, 2018

November GM

THE NOVEMBER 2018 GENERAL MEETING for VANCOUVER EAST HOUSING CO OPERATIVE

When: Thursday, November 29, 2018 at 7:30pm

Where: CHF BC Conference Room, 220 – 1651 Commercial Drive

There will be one proposed policy put before the Membership at this meeting:

• The proposed Smoking Policy

Please bring the packages you received in the mail, they include a copy of the proposed policy.

Please note that this meeting will be held in CHF BC’s Conference Room, which is on the second floor of Il Mercato Mall at 1st & Commercial.

Refreshments will be provided by the Social Committee and all are encouraged to bring their own plates, cups and cutlery.

General Meeting – May 23, 2018

May 23 GM

THE MAY 2018 GENERAL MEETING for VANCOUVER EAST HOUSING CO OPERATIVE

When: Wednesday, May 23, 2018 at 7:30pm

Where: CHF BC Conference Room, 220 – 1651 Commercial Drive

There will be two proposed policies put before the Membership at this meeting:

• The proposed Over/Under Housing Policy
• The proposed Associate Member Policy

Please bring the packages you received in the mail, they include copies of the proposed policies, along with copies of our current Membership Policies.

Please note that this meeting will be held in CHF BC’s Conference Room, which is on the second floor of Il Mercato Mall at 1st & Commercial.

Refreshments will be provided by the Education Committee and all are encouraged to bring their own plates, cups and cutlery.