Share
certificates
are issued for
all shares.
All shares are
redeemable,
normally
within the
60-day notice
of vacating
period
required, if
moving. Shares
are
automatically
transferable
between
husband and
wife in case
of demise.
These funds
are carefully
invested and
help to
stabilize our
financing. In
that they
assist to keep
our costs low,
there is NO
INTEREST
earned on
shares.
Control and
use of the
share capital
is at the
discretion of
the Board of
Directors
under Rules
filed with the
B.C.
Government.
A housing
agreement
based on sound
business
principles and
"good
housekeeping"
must be
signed.
3.
Most needs and
services are
within one to
six blocks,
including
grocery and
general
shopping,
banks/credit
union,
doctors,
dentists,
lawyers,
accountants,
financial
planners,
churches,
senior
citizens
activity
center and the
Johnson
Bentley
Aquatic
Centre.
4.
This co-op has
a beautiful
view of Lake
Okanagan.
5.
This co-op
contains 14
single bedroom
units, all
located on
ground level.
There are also
13 two-bedroom
suites
contained in
Fernwood Manor
– 6 are
located on the
ground level
and 7 are
located on the
balcony (2nd
floor) level.
There are four
townhouse-style
units with the
two bedrooms
on the second
floor
(Eldorado
Court)
providing
roomy privacy
with front and
back
entrances.
Additionally,
there are four
townhouse-style
units with
basements
(Allision
Court).
6.
The 35
member/shareholders
of the co-op
elect a
6-person board
of directors
who manage the
affairs of
this co-op,
including the
part-time
maintenance
person and the
bookkeeper.
7.
Monthly
housing
charges are
determined,
and may be
adjusted, by
the board.
These charges
cover most of
the
operational
costs of the
co-op.
Member/shareholders
are
responsible
for their own
hydro,
telephone, and
cable costs,
etc.
8.
There are two
conveniently
located
laundry &
storage rooms
at Brighton
Manor and
Fernwood Manor
to provide
service for
designated
tenants. The
townhouse-style
units are
wired for
their own
washer and
dryer (if
tenant has
machines),
otherwise the
laundry rooms
both have two
sets of coin
operated
washers and
dryers.
9.
A
cleaning/damage
deposit of one
months housing
charge is
taken when a
tenant moves
in and is
refunded (with
a nominal
amount of
interest) at
the time of
vacating the
unit,
depending on
the good
repair and
cleanliness of
the suite.
10.
Any housing
charges, hydro
charges,
cleaning &
repair charges
and any other
amounts owing
to the
Association
can and will
be deducted
from the
cleaning/damage
deposit and
the member
share account
before a
refund is
issued upon
vacating the
unit.
11.
You will be
asked and
expected to
serve on the
Board of
Directors
and/or
Committees
from time to
time.
12.
As a member,
you are
expected to
assist with
the
maintenance,
snow removal,
weeding, and
general clean
up of the
co-op and
grounds.
13.
The turn over
rate at this
co-op is very
low, averaging
only 2 – 4
vacancies per
year. If you
find
alternative
housing before
you are able
to move in to
this co-op, we
would
appreciate it
if you would
let us know if
you would like
your
application
kept on file
or removed
from the
waiting list.
14.
New
members/shareholders
in this co-op
are admitted
at the sole
discretion of
the membership
committee and
the board;
therefore, the
earliest dated
application is
not
necessarily
the next
application
accepted for
residency.
First come,
first serve
does not
consequentially
apply.
15. A
basic
criterion of
co-ops is
participation.
If you do not
reside
full-time in
your co-op,
how can you
participate?
Therefore, if
you cannot
participate,
you are not a
prime
candidate for
co-op living.
With the above
in mind, two
areas that we
concentrate on
are:
16.
New residents
moving into
the Co-Op
after 13th
April 2010
into 2 bedroom
units must be
willing to
move into a
one bedroom
unit after
becoming a
single
occupant as
soon as one
becomes
available.
17.
No animals or
pets of any
kind shall be
kept or
harbored in
the demised
premises
without the
prior written
consent of the
Directors.