disclosure statement 1987

8/9/2019 Disclosure Statement 1987

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June 30, 1987DISCLOSURE STATEMENT' OF

INTERNATIONAL LAND CORPORA.fioN LTD. FOR II SUNRIDGE ESTATES-1ft'.j ) ,I, ;.

~ , ) ,

A. The Developer is INTERNATIONAL LAND CORPORATION LTD., acompany duly amalgamated under the laws of the Province of Bri t ishColumbia, with an address for service and a mailing address at2225 Folkestone Way, West Vancouver, Bri t ish Columbia, V7S 2Y6.B. The Developer 's Real Estate Agent with respect to theDevelopment is BLOCK BROS. REALTY LTD., with a mailing address ati t s branch at 103 - 2764 Barnet Highway, Port Coquitlam, Bri t ishColumbia, V3B 1B9.


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1. LEGAL DESCRIPTION(a) The legal description of the Development is :

Parcel Identif ier 004-545-583Lot 64Dist r ic t Lot 385, Group OneNew Westminster Dis t r ic tPlan 72147(herein called the "Lands").

(b) The civic address of the Lands i s expected to be 101 to 524,1215 Lansdowne Drive, Coquitlam, Brit ish Columbia.2. GENERAL DESCRIPTION OF SUBDIVISION

(a) I t is the intention of the Developer to create sixty-eight(68) s t ra ta lo ts consisting of th i r ty-s ix (36) two (2) bedroom andthir ty-two (32) three (3) bedroom apartment-type uni ts , togetherwith common property (herein called the "Development") from theLands.

(b) The sixty-eight (68) s t ra ta lo ts (herein col lect ivelycalled the "Lots" and individually called a "Lot") wil l be sold forresident ia l purposes. The Lands wil l be developed in two phases.The Developer intends to construct th i r ty-s ix (36) units in thef i r s t phase and reserves the r ight to construct thirty-two (32)uni ts in the second phase.

(c) The Developer wil l not construct or ins ta l l any


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elec t r ica l energy and communication services over thearea outlined on Plan 72148;( i i ) Restr ic t ive Covenant in favour of The Dist r ic t ofCoquitlam, registered under No. Z123808 whichestablishes setback requirements from the cres t of aravine slope on the Lands and controls f i l l ing within25 metres of the cres t of the slope;

( i i i ) Restrict ive Covenant in favour of The Dist r ic t ofcoquitlam, registered under No. Z123809 whichestablishes design control requirements forconstruction of improvements on the Lands. ThisRestrict ive Covenant requires that prior tocommencement of construct ion of any buildings orstructures on the Lands, detai led plans be submittedto and approved by the Dist r ic t including s i te plans,elevat ion drawings, preliminary landscaping plans andperspective drawings;(iv) Statutory Right of Way in favour of Brit ish ColumbiaTelephone Company, registered under No. Z135604 overthe area outl ined on Plan 72148 for purposes oftelecommunication an underground cable and conduit andother equipment, works and apparatus in connectiontherewith;

(v) Statutory Right of Way in favour of Brit ish ColumbiaHydro & Power Authority, registered under No. Z201366over the area outl ined on Plan 72148 for purposes ofunderground pipel ines and aboveground valves, metersand other apparatus for the transmission and


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effect . Copies can be obtained a t the New Westminster Land Tit leOffice.(d) The Developer intends to cause the Strata Corporation toenter into a one year contract , commencing January 1 , 1988, forthe management of the common property and the administration of theaf fa i r s of the Strata Corporation, substantially in the formattached hereto as Schedule "A", The management company wil l , amongother dut ies , collect monthly operating assessments and rendermonthly statements of revenue and expenses. The Agreement does notdirect ly impose any rights or duties on any Lot owner. I t isexpected tha t the management company will recommend tha t the Stra taCorporation enter into individual service contracts for , but notlimited to , garbage disposal , snow removal and landscapemaintenance. There is no relat ionship between the managementcompany and the Developer.

(e) There is no outstanding l i t iga t ion or, to the knowledge ofthe Developer, anticipated l i t iga t ion with respect to theDevelopment.

(f) Each Lot owner will be responsible for real property taxesand water and sewer charges for i t s respective Lot.(g) Electr ici ty for the common property wil l be separatelymetered and paid by the Strata Corporation and recovered from theLot owners through pro rated monthly s t ra ta fees. Elect r ic i ty ,cablevision and telephone will be separately metered or assessed to

each Lot and wil l be the responsibi l i ty of each Lot owner.(h) The Strata Corporation or the management company will enterinto a contract with the Distr ict or a private contractor for


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the share of each owner in the Development upon destruct ion or othertermination. Interest on Destruction is based upon the proposedmarket value of the Lots. Each Lot shal l have one (1) vote.

(b) The bylaws of the Strata Corporation will be thosecontained in the Condominium Act and the Developer does not intendto amend the bylaws from those se t out in the Condominium Act.(c) The Developer intends that the common property of theStrata Corporation include outside s ta i rs and outdoor walking areas,

driveways, landscaped areas, garbage container areas and elec t r ica lrooms. There wil l be eight (8) garbage containers, four (4) to becontained in enclosures in Phase I , and four (4) to be contained inenclosures planned for Phase II of the Development. Thesecontainers will be located as s i te conditions allow.(d) The Developer intends to designate pat ios , balconies andparking areas on the s t ra ta plan as l imited common property for thevarious s trata lo t s . The Developer intends to designate two (2)

parking s ta l l s as l imited common property for each s t ra ta lo t . Suchdesignation may only be removed by unanimous resolut ion of theowners.(e) The Development wil l involve a phased s t ra ta plan. Phasewill consist of Buildings 1-9 inclusive, for a to ta l of th i r ty-s ix(36) units , and Phase I I , i f the Developer elects to proceed withPhase I I , will consist of Buildings 10 to 17 inclusive for a to ta lof thirty-two (32) units . An unexecuted copy of the proposed Form E

is attached as Schedule "C".(f) The Developer has commenced construction of Phase I andanticipates substantial completion of Phase I by approximately

I


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in writ ing that i t can se l l individual s t ra ta lo ts within thedevelopment provided the Developer complies with the terms of thePermit.

( j ) The Developer intends to cause the Strata Corporation toplace a l l r isk insurance on Phase I of the Development in an amountof approximately $2.5 million and to increase such insurance on bothPhase I and Phase II when the s t ra ta plan for both has been f i led ,to an amount of approximately $4,728,000. The Developer proposes tocause the Strata Corporation to place l i abi l i ty insurance in theamount of approximately $5 million for the f i r s t fu l l year ofoperation. Each Lot owner wil l be responsible for placing i t s ownl i abi l i ty insurance and for insuring i t s own effects .

(k ) Each Lot owner wil l have the benefi t of the New HomeWarranty Program, a copy of which is attached on Schedule "F". TheDeveloper will assign to the purchaser of each Lot the benef i t ofany appliance warranties.(1) All Lot owners wil l have a garage or carport for two (2)vehicles which wil l be designated as l imited common property on thes t ra ta plan.(m) The Developer does not propose to create a caretaker ' ssuite or Lot.(n) Schedule "G" sets out the proposed interim operating budgetfor the f i r s t fu l l year of operation of the Development. The budget

was prepared by a qualif ied property manager based on the manager'sexperience in budgeting for numerous s t ra ta corporations. Allexpenses se t forth in the budget will be al located among the Lotowners in proportion to the i r relat ive uni t ent i t lements.


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(b) in the case of an individual, to ei ther a fine of not morethan One Hundred Thousand Dollars ($100,000), or toimprisonment for not more than five (5 ) years less one (1 )day.DEVELOPER:The Common Seal of ) INTERNATIONAL LAND CORPORATION )LTD. was hereunto affixed ) in the presence of: ) (CIS) ))Ali ))))

SELL. .D. G STR.G. McCULLOCH A.D. LAIRD


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(c) the Developer at his address inside or outside the Provincewhere no agent i s acting on his behalf.A developer is required to keep any monies he-received fromthe purchaser or lessee in a t rus t account in the Province unti l therescission period referred to above has expired. Where a notice ofrescission is served on the developer or his agent, the developer orhis agent shal l return the t rus t account monies to the person fromwhom i t was received or shall pay i t into court.

ATTACHMENTS:Schedule "A" Management ContractSchedule "B" Proposed Forms 1, 2 and 3 of the Condominium ActProposed Form 1 - Schedule of Unit EntitlementProposed Form 2 - Schedule of Interest UponDestructionSchedule "C" Proposed Form E - Phased Strata Plan ApprovalSchedule liD" Rental Disclosure StatementSchedule liEu Photo-reduced copy of sketch of DevelopmentSchedule "F" New Home warranty ProgramSchedule "Gil Operating Budget


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. o SCHEDULE If A"miS AGREEMENT made on the ~ a y of A.D. 19

THE OWNERS, STRATA PLAN NO. a Strata, . " .. Corporation created under the provisions of theCondominium Act, R.S.B.C., 1979, Chapter 61, and. Amendments.thereto, having a chief place of businessat:

in the Province of British Columbia.(hereinafter called the 'Corporation')

OF THE FIRST PARTAND:

(hereinafter called the 'Agent') OF THE SECOND PART


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herein by giving the Agent at least ninety (90) days written notice of suchtermination, such notice to be evidenced by a Special Resolution of the Corporationas provided in th e Condominium Act. R.S.B.C., 1980 c.61. Any termination of thisappointment and agreement by the Corporation shall take effect only at the endof any calendar month;b) The Agent may not terminate the appointment during th e f i rs t yearhereof, otherwise than with the consent of the Strata Corporation. THEREAFTERthe Agent may terminate the appointment by giving to the Corporation at leastninety (90) days written notice of termination to take effect at the end of thecalendar month, such notice to be addressed to th e Corporation at i ts addresshereinbefore set forth, and such notice shall be deemed to have been receivedby the Corporation on the day following the date on which such notice wasposted in the Province of British Columbia by prepaid mail;c) Upon termination of this appointment the Corporation shall continueto be responsible for the payment to th e Agent of any and all b i l l s , accountsand expenses incurred by the Agent within the authority of this appointment andnot paid by the Agent prior to such termination.


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b) To advise th e Corporation as to th e proper maintenance and repairof i ts property and the general conduct and undertaking of i t s affairs,responsibilities and duties;c) To collect a ll monthly operating assessments for operating costsand any other monies due to the Corporation and to render monthly operatingstatements of receipts, disbursements, revenue and expenses;d) To deposit a ll receipts of the Corporation in a Trust Account orAccounts in an insti tution qualified to engage in the banking or t rus t business,separate from the Agent's personal account and separate from any other t rustaccounts operated by the Agent, subject to th e Corporation's approval;e) To pay from the receipt.s, a ll authorized disbursements of theCorporation. In the event the disbursements shall be in excess of the operatingassessments collected, the Corporation hereby agrees to pay such excess promptlyupon demand therefor by th e Agent;f ) To not collect or charge any undisclosed fee, rebate or discount,and i f any such fee, rebate or discount should be received by the Agent thatfee, rebate or discount will be held In Trust for and credited to the account


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of the Corporation and in the name of and on behalf of the Corporation to do andexecute the following acts and deed:a) To demand and recover from a ll present and future owners of StrataLots shown on the Strata Plan of the Corporation al l assessments for operatingcosts levied by the Corporation and any and a ll other monies from time to timepayable by them in respect of the said Strata Lots in any manner howsoever andto make and assess to a ll just and reasonable statements, payments and allowancesin respect thereof;b) On non-payment of the monthly operating assessments, contributions,levies and any other monies due to the Corporation, i t shall be the duty of th eAgent, i f so directed by the Corporation or Council, to enforce the collectionof any of the said monies and i f so directed to take whatever action is necessaryand is available under the By-Laws or the Condominium Act to effect the collectionof the same;c) At the request of the Corporation, to act as Secretary to theCorporation and i ts Council, and to maintain records of the Corporation's affairs ,


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u - 5 with such notices or orders in regard to their own individual Strata Lots;f ) To sign and give notices to Owners and occupiers the saidStrata Lots of any default in any obligation of such Owners or occupiers torepair, to maintain or otherwise;g) To pay a ll charges, expenses and other outgoings whatsoeverpayable by or chargeable upon the Corporation for or on account of the CommonProperty as the Council of the Corporation may direct from time to time;h) To assist the Corporation to place and maintain adequate f i re ,l iabi l i ty , steam boiler, pressure vessel, and other Insurance required fromtime to time. I t is the duty of th e Agent to review the Insurance coverageof the Corporation from time to time and at least every year and to ensurethat such Insurance complies with the requirements of the Condominium Act andthat i t is in a ll the circumstances adequate to protect the premises. In theevent such Insurance does not comply with the Condominium Act or is not adequate,the Agent shall forthwith inform the Corporation and the Council of this in writingand shall recommend the necessary changes in the Insurance coverage;


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i t being maintained that a ll such employees shall be deemed to be employeesof and paid by the Corporation and not th e Agent and that the Agent may performany of i t s duties through i ts Attorneys, Agents or employees and the Agentshal l not 'be l iable for any error of judgment or for any mistake of fact orlaw when acting in good fai th hereunder;k) To make Contracts in respect to the Common Property for electr icity,gas, fuel, water, telephone, window cleaning, landscaping, garbage disposal,vermin extermination and other services or such of them as the Corporation shalldeem advisable;1) To assis t th e Corporation in budgeting i ts revenues and expendituresand in determining the appropriate amount of contribution to be paid by eachOwner for administrative expenses as required by the Act, and in this regard tofurnish an estimate of revenues and expenses when so requested by the Corporation;m) To assist in the day-to-day enforcement of the By-Laws and anyregulations of th e Corporation; to advise the Corporation of any violation of th eBy-Laws or Regulations; and i f so directed by th e Corporation, to take action to


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management of the common property up to the amount of the Corporation's coveragefor public l iabi l i ty , excepting claims in the case of the Agent's fraud and/or-negligence, and to continue to carry, at the expense of the Corporation, publicl iabil i ty insurance to the existing amount to protect the Agent against a l lsuch claims, damages and costs to the same extent as th e Corporation;b) To furnish to the Agent a ll documents and records available tothe Corporation which may be required by the Agent to properly manage th eCommon Property and affairs of the Corporation;c) To provide to the Agent a copy of the By-Laws of th e Corporationand to notify th e Agent from time to time of any amendments or additions thereto;d) If the bi l l s , accounts or expenses paid by the Agent pursuant toparagraph 4(g) hereof in any calendar month exceed the assessments for operatingcosts and other monies collected in such month by the Agent, th e Corporationagrees to pay the Agent the amount of such excess promptly upon demand.6. The Corporation covenants and agrees to pay to the Agent ascompensation to i t for the services to be rendered by the Agent in accordancewith the appointment, th e sum of Dollars


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8. The Agent shall keep full and detailed records for the Corporationin a form as set out in the Corporation's By-Laws, and the Corporation shall ata l l times during regular business hours, have access to such records, as well asto al l other books and records of the Agent in connection with th e managementand upkeep and operation of the common property of the Corporation. Uponrequest of any Owner, the Agent shall supply evidence of insurance in force andreceipts for payment of premiums therefor, as well as certifying to such Ownerthe matters mentioned in Section 54 of the Condominium Act.9. The Corporation and the Agent shall abide by the Condominium Actof the Province of British Columbia and the By-Laws of the Strata Corporationas may be amended from time to time.10. The Corporation hereby authorizes i t s Council to consent on i t sbehalf to any act done or proposed to be done by the Corporation in the perfor-mance of the duties of the Agent under this appointment. I t is agreed andunderstood that the Agent at a l l times shall be entit led to rely on and to actupon instructions and directions received from the Council of the Corporation


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part of th e Agent in paying any bi l l , account or expense on behalf of th eCorporation. I f , at th e end of the said ninety (90) days, no such notification

., shall have been received by the Agent, the said monthly statement shall bedeemed to be conclusive and binding as between the parties hereto and the Agentshall be free from any and a ll claims in respect of such statement.13. The Corporation understands and agrees that th e Agent does notassume any l iabil i t ies nor shall i t be l iable or responsible to any Owner ofa Strata Lot or any licensee or invitee of any such Owner.14. Any amendment to this appointment shall be effective only i f i tis in the form of a written Addendum and i t is duly signed by the part ies .15. The Agent may not assign th e Agreement without prior written approval of the Council. 16. This appointment shall enure to the benefit of and shall be binding upon th e parties hereto and their respective heirs . executors. administrators, successors and assigns.


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IN WITNESS WHEREOF this Agreement has been executed by the parties"hereto affixing their common seals by their duly appointed officers, having f irst

-:4been duly appointed in that regard, the day and year f i rst above written.

The Corporate Seal of THE OWNERS, ) STRATA PLAN NO. was hereunto ) affixed in the presence of: ) ) ) ) ~ ~ - - - - - - - - - - - - - - - - - - - - - - - - - ) CISChairman )

)))~ - - - - ~ ~ - - - - - - - - - - - - - - - - - - - )Finance Chairman )))))The Common Seal ofwas hereunto affixed ))in the presence of: ))


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SCHEDULE .. B"PROPOSED FORMS 1, 2 AND 3 OF THE CONDOMINIUM ACT

PHASE I

f Proposed ProposedUnit In te res t on VotingBuilding Stra ta Enti t lement Destruction RightsNo. Lot No. (Form 1) (Form 2) (Form 3)

1 1 46 104 1 1 2 47 104 1 1 3 35 90 1 1 4 35 90 1 2 5 34 87 1 2 6 34 87 1 2 7 34 87 1 2 8 34 87 1 3 9 45 108 1 3 10 45 108 1 3 11 35 88 1 3 12 34 88 1 4 13 45 108 1 4 14 45 108 1 4 15 35 88 1 4 16 34 88 1 5 17 46 104 1 5 18 47 104 1


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SCHEDULE liB"PROPOSED FORMS I , 2 AND 3 OF THE CONDOMINIUM ACT

PHASE I I

Proposed ProposedUnit In t e re s t on VotingBuilding St ra ta Enti t lement Destruct ion RightsNo. Lot No. (Form 1) (Form 2) (Form 3)

10 37 47 104 1 10 38 47 104 1 10 39 35 91 1 10 40 35 91 1 11 41 46 104 1 11 42 47 104 1 11 43 35 91 1 11 44 35 91 1 12 45 47 104 1 12 46 47 104 1 12 47 35 91 1 12 48 35 91 1 13 49 47 104 1 13 50 47 104 1 13 51 35 91 1 13 52 35 91 1 14 53 46 104 1 14 54 47 104 1


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SCHEDULE lie IICONDOMINIUM ACT

FORM EDECLARATION OF INTENTION TO CREATEA STRATA PLAN BY PHASED DEVELOPMENT

PART II

INTERNATIONAL LAND CORPORATION LTD., a body corporate dulyincorporated under the laws of the Province of British Columbia andhaving an office a t 2225 Folkestone Way, in the Municipality of WestVancouver, in the Province of Brit ish columbia HEREBY DECLARES:1. That i t intends to create a Strata Plan by way of phaseddevelopment of the following lands which i t owns:

Parcel Ident i f ier 004-545-583Lot 64,Distr ic t Lot 385Group OneNew Westminster Distr ic tPlan 72147Situate in the Municipality of Coquitlam(herein called the "Lands"),


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(d) The to ta l habitable area for each building shal l be asfollows:Building #1 489 sq. metresBuilding #2 406 sq. metresBuilding #3 476 sq. metresBuilding #4 476 sq. metresBuilding #5 490 sq. metres

! Building #6 489 sq. metresBuilding #7 492 sq. metresBuilding #8 489 sq. metresBuilding #9 492 sq. metresBuilding #10 492 sq. metresBuilding #11 489 sq. metresBuilding #12 492 sq. metresBuilding #13 492 sq. metresBuilding #14 489 sq. metresBuilding #15 492 sq. metresBuilding #16 489 sq. metresBuilding #17 492 sq. metresTOTAL: 8,226 sq. metres

(e) Within the general guidelines imposed in th is Agreement asto the number, location and to ta l area of each building,International Corporation Ltd. shal l be permitted todetermine the number of s t ra ta lo ts to be contained in eachbuilding and in the whole development and the size of thevarious s trata lo ts .(f) Attached hereto as Schedule "A" is a sketch plan showingthe following:


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(h) I t is intended that each of the s t ra ta lo ts in each of thephases of the develoment will have a unit entitlement equalto the fraction obtained by dividing the habitable squaremetre area of a l l stra ta lo ts in the s t ra ta plan at tha ttime.*** The to ta l unit entit lement for each phase shal lbe approximately as follows:

Total TotalUnit Entitlement Unit EntitlementPhase of Each Phase of the Strata PlanPhase I 1,434 1,434 Phase II 1,309 2,743

* The actual numbers used may vary for convenience purposes;however, the re la t ive proportions shal l not change exceptas to minor changes resulting from the actual square metreareas of the stra ta lots in each phase.** Within each phase the uni t entitlement of each s t ra ta lo tshall be determined in accordance with the square metrearea of each stra ta lo t within the phase. The s ize andlocation of the s t ra ta lo ts shal l be selected byInternational Land Corporation Ltd.*** Or such other unit entitlement as may be required by theSuperintendent of Real Estate.( i) The maximum number of units in each phase is as follows:

Phase Maximum Number of Units


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5. International Land Corporation Ltd. shal l e lect whether ornot to proceed with Phase II of the development on or by January 1,1989. International Land Corporation Ltd. has already elected toproceed with Phase I.

DATED this __ day of , 1987 a t theDistr ic t of Coquitlam, in the Province of Bri t ish Columbia.Tne Common Seal of )INTERNATIONAL LAND )CORPORATION LTD. )was hereunto affixed in )the presence of: )))Authorized Signatory )))Authorized Signatory )APPROVED pursuant to theprovisions of THECONDOMINIUM ACT, R.S.B.C.

)))1979 Ch. 61 and amendments )thereto this_______________ , day of1987 ))))))

(CIS)


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," . ),SCHEDULE "Al l TO FORM E. . .PHA5ED STRATA P L A ~ OF L O T ~ 4 DL385 GPI P L A ~ 12 '47

.OWWER: t :UTERUATIOUAL LAUD CORP LTD

A


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SCHEDULE liD"

CONDOMINIUM ACT(Section 31)RENTAL DISCLOSURE STATEMENT

The stra ta plan in respect of which th i s statement is madewill be f i led in respect of that property in the Dis t r ic t ofCoquitlam legally described, prior to the f i l ing of the s t ra ta plan,as Parcel Identifier 004-545-583, Lot 64, Dis t r ic t Lot 385,Group One, New Westminster Dis t r ic t , Plan 72147 and wil l containsixty-eight (68) residental s t ra ta lots .2. The residential stra ta lots described below are under leaseor rental as of the date of this statement and the owner-developerintends to lease or rent each stra ta lot unt i l the date se t outopposite i t s description.

Description of Strata Lot Date Lease Period Endsni l n i l

3. In addition to the number of s t ra ta lots described inparagraph 2, the owner-developer intends to lease a l l sixty-eight(68) residental s t ra ta lots indefini tely.4. There is no bylaw in the proposed bylaws of the Strata


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SCHEDULE wE-

.:., .

"- ...

\ \.O''&.3,,1t:J \ ~ . "

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.' . SCHEDULE I I Ip l l l .J... "NEW HOME WARRANTY PROGRAM OF BRITISH COLUMBIA &THE YUKON

Aareetnal Wldl Balkier'ftUS A OUEMIH1' MA.DE .E'J'WEEH; NEW HOME WAnANTY . .OOItAM OF.KlT/JH CXlI.UMlI" .. 11tE YUKON. " Dirisioll of PKIfIc New Hamr . . . . . . . . il t.. 'NO. I ... OeaWoit Driwe. " - ,n . .... CcoIoDIoiI V6.l4S7. . . , . . ..................ofaridlllCcoloDloilIllll . . Y . . . .T.......,. _iIIotIItrallod............... CFTHE I'IISTPAIIT ..

INTERNATIONAL LAND CORPORATION LTD.

__a.IIl.......... ofaririlhOtluriia.......Y. . . . . . . . . . . . .aIIod . . . . . . . . . . . . .CF11I SECONDPAaT.. _idmIioIIof. . _ .......................... . . . . . . ,.. INTUrJtETATIONIot l t ; , . , . . , ._;f., "C_ "" ,""y" _10 ........ of ...... I1111 ....................................... l ....iall'Iujc


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. . IEN1IOLLMDft' .ee,"'" ' . ik ltfwR _>I I .. idI . . . . . . . . . . . . . . . . . . . . . .UIIo . . . 111\' . . . . .C- ........, ......11_ ..._ ' ...... ... 01. . A....... aqviM illS'. . . . . . . 'G'' ......... 1omIo. . . . . ' " , . .............y . . . . . . . . . IooiIder . . . . . . . . . . . . . . . . . . III-..1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .IJoiu ...... _. . . , ..._prior ..........oI ..'A............. .(1:1 AIIRet.ioImI.. . UniI,IIIII . ,_iIoeIIC_ . . . . . . . .' tIIeII . . anlled !111 . . . . . . . . . . . . . . . . . . . . . ._ . . 01....... fI'I'IIi'lI') -- . .10 . . . . . . . . . . . . , fI) curnpIotOll.. .~ I ' . . . . . . .811' .. poacriIo:d b, . . . . . . . . . . .... 1inIr ... 1inIr.1IIII Ii i ' . . CIIl..n...... r"" .. .-nwr..... li....... imoll)- . . . . . . . . . . . . . whichr.IhoII........ IO .. . . . . . ,. . . . . . . oI""""....... . ", Who.... Dtpuoio II.mpt _ b,,, ildet prior ..." " " " " , r. . . . .iId,.. pmIIil. . . . luildet IIIuoIlIlllloll!' fonhwidl ... h!........... *'iI1IIICiII. . . . 01.. .,.,.,... . . . . . . . wkh , .. ....,."...... II"RlII_.. form II1II roc. . ., " ' ....._ .... 1IkI..., lail, II> rIWUIlRet.idr ..... UftiI, orC_ Ptoptny wIIhlft .. hIIt pmcriIIaIII.,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MlIiot 1M ) _ IIuiIdtr .iIII '" . . . .i.i . . . . . . . . . . . . . _ 01 which . . . . . . . . . . .""'y . . . . . . . . "- time 10 Ii..... ._ en Ia_. R. . ioIo:. . . . . \Jfti'IhoII"'....i........d . . - . .p i t ied r. . period 01"'0 (2) ,...... , . . . . . . . . . . . . ollis 1aiI... anl l. . . . . . . . . . .,om .... ) iI . d.......... . . . . .. . iat 10 ' " lI.ikltf ' " ' . . . . . . . . , . . . . . . . . . . . . . . . , . .. add;'''' ' ' anIiIIoe1M,. 1 0 " paid 10 . . . . . . . . . . . or . - . . ;oc. , ............. mo, _ I .... """"I. . . . . . .......,,'vnd 01 .... _ ~ , _ r. .

. . ISSVI: OF DtPO!olT a t :CElm I .' " , . rr............' l....iJh .... Uldet willi. """" ' ,oIDqoaU1--.,u . , f.&totpIlftlilt ._ , , , . """ . . . . . . . . . . . . .1.imIMd Ru l Wit A'OII' . . . . . . . . . . . . oI .., . . , . , . ; , '.....!III mpea .....,.,ioImIWll"ftil . . . . . . . il"'" ....11 ............ . . . , ._ . . . . " .. . . . .WdI'. UrpuIiI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ICI """ ' ........ II1II lIIoIIe_" ............._ .... -..., .....,.-.w,.""_ ..

. . . . .1101 .... . . . . . . - . .(C, ",. ildet . . . .l I . l i_ .RIP!o I - 'O"O'ha - ip l IO .............. oNft . . . . . . . . . . . . . . . . . ..-.. ..... i n ... IM . . . . . ._.(d, " , . a.ikltf IhoII . . . . . . . . . . 111\'a.-...... DrpaoiI ..... iIo1ltflClIII' . . . . . . . . . , .hoiI which . . . . . . . . . . . . ll ......". . . . . . .pI . . . . . . . . . . . . . . . . .

.....' .41 .11 bert"' . .. COMMENCDIENT OF f'IIOGIlAM " 'UU, " , , .c., (II ......,h.. i ' ~ . , . . .. , . . .,i.. ,.,......... of idrlllial Uak 10 P\IrdIa


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. ... : . . IVf t . .nIAst:a C.IJC:ATllJIIIiII:.... "...""_y_ .......-''''''_Ml'__ ......_ ................. 'oIh ... ""ftn.. ,oI .... , . , . . , . , . . . . ~ ii i n-,1'Ior
http:///reader/full/DOLLA.RShttp:///reader/full/DOLLA.RS


31/38

.. '. ) . '1CIIEDIJI..E"I"_wou;MANSHIPAJlDMATElWLSTAJlDAJtDISGtJIDECENE.RALI. "AnONAL IUlLDING COIlE lNRAC11ONS:A . ~ inf.oc';.. . i ......idm4. weft- .hip. f I r t I I1I I_ . , ItpIind by lIe .. .iIdor '1Irir!I1Ie Iftl JW 01""""""",, III lie llllllllatd in r.......... IirM 01_lion A N.li""'" I ~ i l e l i .. C.... iIIfrKIiaft -... _ l ibl , ..... ..-... ...... _ . . . . is allnlllll Iab/I or "'0', _ ., apaifl!llby lie .. .ildot III) ..... ....., the , _. . . . . . .,prriod.J. DESIGN EIIaOIlS:

Oni." .......... ~ _ n t 1 I 1 0 1 I t ! _ . , . . , . .... .....,IIIt... w I I b i a . ~ . j w I I d I r : l l I a . J. "ATST DEFECTS AND COMPLETION rnM$: ..1lIc .......... illlClla ' .. ."an....,........ 1lIc ............1D .. . thmr. . . .c.....- _.._ weft, . . . . . . . . . . . . . . . . . " ' ....iIIct. no. ...... _ ..... li e ""' i. . . . . . . oIIpecI . . . . . . . . . . . . . . . . . . . .,.....wa.1IIII ......... a NDditioll 01 Il k...... 01....f_1IIII comp/cUaII 01 waot. n.. ftor......... ""' .._ "I...,.r_.Co 'TANDdOS: 40."IaA'" .loildot m,.,...ibiltl) .............. . , . . . . . tubjccted '" _ ...,...n-._ ..-1IaIiaa. C.......... ioIIl. ,i ,.. . ,,,.I.. tltt....iIIOn . , tompl.. .d IICIII"" fftd of .... W_n. ) prriod III II..... ,. Wi ...... and """mo. Th< """ram N . . . . .. . . . . . .,,"" .. .i.,in$ fill cIf)"lIl trpein.IIowa_....., ahaIl., land


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)....." . .

1t1IEDIJLE.....-1IM.IOIl11'll1lC'l'lllW.1IUICI' GUIDEGDlU4L...... r..IlowIfte 1JIIIdou.n _ . . . . . . . 10 . . . . . . . . . . MiiI far dNrnIiftin. . . ,,*,ldia, 01.. . . . .s -J Dtfeot (MSD, ............... .......m."'SD. " '" '" )U B "" III ........ 1I. . tS'.................. _....,..ut>IrfarMSD'......... .wr............ , . . .o I . - .ncJ. . . . . . . . . . MSDiu .....,Jtol.Iouildorh...... lIUC..w nAll MSD M'UST__ crIIorII: I ) II___ 4C"1'UA1. D4M4CE 10 . . . . . , . . . . . . . . . . 01. ........."""* i l l . . ., . . . . . . . . . . . . . . . . 1' .............. .M'UST viWlylllioc\ .. _ 01. . . . . . . . far.........., ..........MINOR D4MACEWhtrr MiIlOf . . . . . . . O . . . , kIrin...... 01. . . . . . . . . -.s. . . . . . . NIbil.,. 01. . . . . . . . . . . IIIrIaIcI,'" ....... 1IMII ....iIIId1O""_IeIioII.-iI.MSD . . . . . . . . . . . .ified. SIICII.__ , .... , . . . ...10 . .. ..,.".01.. . . - , . ...... . . . ._e......... oI.MSD' . . . . . . . . . . . . . . . . . . . ' " I) CONCRETE;II I 4111oorizon1a1"'1IIIjar d... . . . . , . . . . . . . . ...,Ia 01 . . r......._ .....!Tee< dIIir . . . , kIrinI ~ 1 i I i a . . 11 Mea,in. 01_ _ !loon II'Id IOOIio. . . . . . . ","",.h col."", lIlTed II'Id- r lll&in _ _ ........ Ie' IflouildoT 1IItmi>cts wish 1O.a..oI. . Ihmuc'.. . r.- ..........iblilly of old. . . . ,,".in. I ..... " ' ; 1 . 1 I k " " ' 0 I . ~ . . . . . . . . . . . . .___ ... (d) . . . . . . . . .,1I'Id IIni'" a-llabs.1I'Id all . . . . . _W1ICIlIIIl.Ioh ...........idored ....M S D - . , .. ComcIi. . It I. . . . . _ i n e d .,. .. I'tctJ'IIII .. . ioclutlol., ........21 WOOD fRAMINO: (. . ~ . I I _ ......wIoIIa:)(. ) AIIam. _ _ .,...."'i.....in. 11 Colo""'. . . . !Iowedondi_ 1 y ""k. te l DtIlcc1.... ofllam.. . joilUe__ . . . . . . . .1IoIiItIiIac... . . . . . . . . . . (dl ,""""" walla _camll...,. ...... ..,.......

t) . . . . in. 100/'.' Cnded _ _ .......",. N. I . ..,.,. . . Wort.......hip II'Id MSD IIIItdordJ lined ....... IIIeNIed 10'" . . . . , ii i I I I . r. , . . W ........... 1I'Id" ,_ . . . . . . . . . . . . . . . IIIIiIIuim. *'tilcll 01. SIandanI. Doc;..... ..... by . . . . . . . . . . . . ,.,plllift. reqolred rtpain .. . linalll'ldlliftdin. lIIIIn. allIftIlI..,...... IO ......... I'U.4SE CONT4CT TIlE Pl.0G1AM ro R f'lJRTHEIllHf'oaMAnON OR CLUIflC4t1ON.ICIIIDtII.I: "C"-IIOIIE INIIOLUIEHT GUIDIUNESI. CENERA.I.TIw ........."' ..... _ """"" '.. SV a r w - , . . . . . . . 1"cIIIowIna . . . . . . . . . . . .-.I' ) TIw Unit ...." " " """""Iy eM>Ilt4III' TlwB.ildt'ha."r. . . .tly ..flMtdll'ldtlllomlMll........... .., .... ~ 4 1 ) . , . 0 I . . . . . 0I.. . . . . . . . . .Ie) TIw Pro...... luis iI.ued. . "W_yCeftificatt.... .. . . eM>IlclI o i l l ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. , . . . . . . . . . . _NOT . . . . . . I O W _ f - .. . T I w .........._ .. ...,,1a. loIidr,MomI>ctsMUST . . . . . . . . . . . . . . . . . . . u.uu ... . . . ,._ IO_; I. ) _, . . . .oli l l .

II>J .... pn.""" ...i. . . .; (e) _r . . . . . .tno


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SCHEDULE "G"OPERATING BUDGETPHASE I - 36 UNITS

INCOMEOperating Assessments $21,130.00

TOTAL INCOME:

EXPENDITURESAudit $ 530.00General Meetings 100.00Insurance 1, 900.00Management 5,650.00General Administration 530.00Repairs/Maintenance 2,820.00Scavenging 940.00Gardening/Repairs 5,650.00Road Maintenance 560.00Electr ical 530.00

TOTAL EXPENSES: $19,210.00RESERVES: (10%) 1,920.00TOTAL EXPENSES AND RESERVES: $21, 130.00

21, 130.00

$21, 130.00
http:///reader/full/21,130.00http:///reader/full/5,650.00http:///reader/full/2,820.00http:///reader/full/5,650.00http:///reader/full/19,210.00http:///reader/full/1,920.00http:///reader/full/21,130.00http:///reader/full/5,650.00http:///reader/full/2,820.00http:///reader/full/5,650.00http:///reader/full/19,210.00http:///reader/full/1,920.00


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SCHEDULE II Gil

PROPOSED BUDGET PHASE I - 36 UNITS

Stra ta Lot


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SCHEDULE ..GilPROPOSED BUDGET

PHASE I AND PHASE II - 68 UNITS

Stra ta Lot Unit Enti t lement Monthly 02erat ing Cost1 46 61.92 2 47 63.26 3 35 47.11 4 35 47.11 5 34 45.76 6 34 45.76 7 34 45.76 8 34 45.76 9 45 60.57 10 45 60.57 11 35 47.11 12 34 45.76 13 45 60.57 14 45 60.57 15 35 47.11 16 34 45.76 17 46 61.92 18 47 63.26 19 35 47.11 20 35 47.11 21 47 63.26 22 46 61.92 23 35 47.11 24 35 47.11


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PHASE I AND PHASE I I - 68 UNITS (cont inued)Stra ta Lot Unit Ent i t lement Monthly Operat ing Cost

42 47 63;2643 35 47.1144 35 47.1145 47 63.26f 46 47 63.2647 35 47.1148 35 47.1149 47 63.2650 47 63.2651 35 47.1152 35 47.1153 46 61.9254 47 63.2655 35 47.1156 35 47.1157 47 63.2658 47 63.2659 35 47.1160 35 47.1161 46 61. 9262 47 63.2663 35 47.1164 35 47.1165 47 63.2666 47 63.2667 35 47.1168 35 47.11


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SCHEDULE II G II OPERATING BUDGET

PHASE I AND PHASE II - 68 UNITS

,- INCOMEOperating Assessments $44,300.00

TOTAL INCOME:

EXPENDITURESAuditGeneral MeetingsInsuranceManagementGeneral Administrat ionRepairs/MaintenanceScavengingGardening/RepairsRoad MaintenanceElectr ical

TOTAL EXPENSES:RESERVES: (10%)

$ 1,000.00100.004,000.0012,000.001,000.006,000.002,000.0012,000.001,200.001,000.00

$40,300.00 4,000.00

$44,300.00
http:///reader/full/44,300.00http:///reader/full/1,000.00http:///reader/full/4,000.00http:///reader/full/12,000.00http:///reader/full/1,000.00http:///reader/full/6,000.00http:///reader/full/2,000.00http:///reader/full/12,000.00http:///reader/full/1,200.00http:///reader/full/1,000.00http:///reader/full/40,300.00http:///reader/full/4,000.00http:///reader/full/44,300.00http:///reader/full/44,300.00http:///reader/full/1,000.00http:///reader/full/4,000.00http:///reader/full/12,000.00http:///reader/full/1,000.00http:///reader/full/6,000.00http:///reader/full/2,000.00http:///reader/full/12,000.00http:///reader/full/1,200.00http:///reader/full/1,000.00http:///reader/full/40,300.00http:///reader/full/4,000.00http:///reader/full/44,300.00


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11'11"DATED: THE DAY OF JUNE, 1987

BY:INTERNATIONAL LAND CORPORATION LTD.

DISCLOSURE STATEMENT FOR SURRIDGE ESTATES

DKC/03057/01430

LADNER DOWNS Ba r r i s t e r s and S o l i c i t o r s 2100 Pac i f ic Centre South P.O. Box 10021 700 West Georgia S t r e e t Vancouver, B.C. V7Y lA8 Telephone: (604) 687-5744

disclosure statement 1987

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