1 / 6

Can LWV afford GRF’s Extravagant Lifestyle? April 17, 2014 Residents Voice

Can LWV afford GRF’s Extravagant Lifestyle? April 17, 2014 Residents Voice. Pamela Grundke. Origins. Leisure World’s Beginnings A Moderate Income Home Owners Association, retirement community. ( GRF , United, Third, Towers) Sole Discretion Trust ( Ie . Construction Contract).

landon
Télécharger la présentation

Can LWV afford GRF’s Extravagant Lifestyle? April 17, 2014 Residents Voice

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Can LWV afford GRF’sExtravagant Lifestyle?April 17, 2014 Residents Voice Pamela Grundke Residents Voice

  2. Origins • Leisure World’s Beginnings • A Moderate Income Home Owners Association, retirement community. • (GRF, United, Third, Towers) • Sole Discretion Trust (Ie. Construction Contract). • Objective was the building of the amenities. • Amenities eventually funded by housing mutuals. Residents Voice

  3. Evolution • On Jan 9, 2014, GRF By-Law 2.1.6 was changed by a majority of Corporate Members to read as follows:“2.1.6 GRF shall obtain a majority vote from the corporate members (as defined in paragraph 2.4.10) prior to engaging in any business or activity specified in paragraph 2.1.4 .The vote shall be by ballot pursuant to paragraph 5.8.2.” Residents Voice

  4. Evolution (cont.) • This would prevent GRF from building a new building or demolishing an existing building without the approval of the Corporate Members. • GRF refused to acknowledge or agree to this By-law change by continuing with their plans to demolish CH 2 and replace it with a new Main Lounge. Residents Voice

  5. Today Residents Voice

  6. Today Cont) Residents Voice

More Related