1. CLARK WILSON LLP BRITISH COLUMBIA BUILDING ENVELOPE COUNCIL (BCBEC) June 22, 2011 Presented by: Patrick Williams

2. 1 INTRODUCTION 1.Introduction a. Strata Corporation Concept b. New legislation c. Nature of Retainer d. Gazing into the Future

3. 2 STRATA CORPORATION 2.What is a strata corporation? a. Common property b. Strata Property Act c. Idea of numbers = age i. strata lots; ii. limited common property; iii. legislation; d. Bylaws vs. rules

4. 3 BILL 8 3.Status update on Bill 8 a. Section 15 repealing s. 94 of the Act i. exempted strata corporations by class or 3/4 vote b. Hansard excerpts c. Royal Assent of Dec. 10/09 did not include section 15

5. 4 STEPS UPON BEING RETAINED 4.What to do as engineer when first engaged to perform Reserve Fund Study? a. Who has retained you? i. Strata Corp? ii. Section?

6. 5 STEPS UPON BEING RETAINED (cont'd) b. Determine you have appropriate authority i. minutes retaining you ii. need contact person iii. has appropriate compensation been addressed iv. budget/estimate/quote?

7. 6 STEPS UPON BEING RETAINED (cont'd) c. Obtain copy of Strata Plan i. strata lot ii. common property iii. limited common property iv. air space parcels

8. 7 STEPS UPON BEING RETAINED (cont'd) d. Obtain copy of bylaws i. responsibility of strata corp. ii. responsibility of owner of strata lot iii. sections iv. types e. Filings with LTO i. lcp designations after strata plan filed ii. easements

9. 8 ONGOING RELATIONSHIP 5.Ongoing relationship a. Do not interact with individual owners b. Conflict of interest issues c. Reporting expectations i. formal presentation? ii. written? d. Relationship with other consultants

10. 9 CONCLUSION 6.Conclusion a. Dependent on regulations, once formulated b. Much still need to learn c. Moving target - “pinning jelly to a wall”

11. THANK YOU Please direct inquiries or comments to: Patrick A. Williams, Clark Wilson LLP paw@cwilson.com | 604.643.3171 www.cwilson.com