MINUTES

OF THE ANNUAL GENERAL MEETING 2015

OF THE COMMUNITY OF PROPERTY OWNERS LA GOLETA


Minutes of the Annual General Meeting of the Community of Property Owners La Goleta
duly called by the President, Mr Victor Copete Alvarez, held on the 13th of March 2015 at
the Natura Palace hotel in Playa Blanca, Yaiza, at 6:00 PM on the second call, in
accordance with the summons sent on 25 February 2015 to deal with the following:



AGENDA

1. Registration of participants, presentation of proxies.
2. Matters arising from the previous meeting
3. To update the debtors' list, approve amounts owing and to give instructions to the
President, as appropriate.
4. The financial statements for the year 2014 and approval, if appropriate, of the
annual accounts.
5. Proposals:
a. Debate and approval as appropriate for relining of the swimming pool. To
decide on financing and payment dates for an extra payment. Approximate
cost 12,000.
6. To consider and approve the budget for the year 2015
7. Elections:
a. President.
b. Vicepresident/s
c. Secretary - Administrator
8. To set the date for the next AGM
9. Any other business.

1. Registration of participants, presentation of proxies.

Residence
Surname
2
Plumb
4
Gueret & Lomba
5
Thompson
8
Jackson
9
Izquierdo
13
Copete (Presidente)
16
Jameson
17
Owen
19
Allardyce
22
Moran
25
Watson
27
McLaren
29
Hemington
30
Tyrrell
31
Blayney
33
Cutler
34
Hall
36
Connolly
38
Falkingham
42
McGrath
48
McNeil
49
Shaw
50
Collins
53
Smithson
54
Swindle
59
Graham

Victor Copete

Rosemarie Connolly


Victor Copete
Nancy Jackson
Rosemarie Connolly
Rosemarie Connolly
Rosemarie Connolly
Rosemarie Connolly
Rosemarie Connolly


Rosemarie Connolly


Rosemarie Connolly
Nancy Jackson


Alison Allardyce

Representative

Quota %
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666
1,666

There are 60 owners at La Goleta. At the time of the meeting there were 9 debtor
owners, thus 51 owners have the right to vote. In order to hold the meeting on the
first call, it was necessary to have the attendance of the majority of the owners
with the right to vote who represented. As this requirement was not met on the
first call at 5.30 pm, the meeting was held on the second call at 6 pm. When called
to order in the second call there were 26 owners with the right to vote and with a
participation quota of 43.316%.

2. Matters arising from the previous meeting

As agreed in the previous years meeting, the community bylaws had been
laminated and distributed to all owners. Regarding the poor state of the garden of
house number 60, which belonged to Club Lanzarote, S.A., they had been informed
of that fact several times, including by writing directly to Mr Caada, but no reply
had been forthcoming.


3. To update the debtors' list, approve amounts owing and to give instructions
to the President, as appropriate.

Property number 35, currently owing 10,258.06 stood out amongst the debtor
owners. It was thought that Bankia had been awarded the property. In that case,
the bank would be liable for the fees corresponding to the current year and the
three years prior to being awarded the property. The meeting was told that a
favourable sentence had been obtained against Mr Luca Derna, who was the
former owner. If there were any tangible assets or properties in his name, his
debts with the community could be recovered. The owner of villa number 21, Mr
Emilio Herrero, owed 1,499.68 and had signed an agreement for monthly
payment which he had complied with up to that time. The remaining debtor
owners were as listed below:

Surname, Name
11 Bagasera, S.A.
35 Derna, Luca
46 Gibbs, Darren Roy
21 Herrero Prez, Emilio
60 Isla Playa Blanca
14 Lanz Luxury Villa Mgt Serv. S.L.
26 Loughran, Peter & Sharon
18 O'Mahony, Eoin
40 Snchez, Jacinto

Quotas
1.099,26
10.258,06
505,83
1.499,68
165,00
825,00
330,00
170,67
248,61

The list shows the principal amounts to which the statutory interest will be added.
The meeting approved and certified the amounts due and agreed to grant a period
of 7 days for debtors to pay. These minutes serve as certification of the debt and
notice for payment. In the event that they are not paid within the said period, the
meeting agreed to commence and or continue legal proceedings against the
debtor owners, to which would be consolidated any ordinary or extraordinary
quota due but unpaid from the date of the meeting until the completion of the

legal proceedings then underway or commenced as a result of the debts with the
Community. The President was authorised to grant power of attorney to
procurators. This was unanimously agreed.

4. The financial statements for the year 2014 and approval, if appropriate, of
the annual accounts.

It was advised that the financial year had closed with a surplus of 1,283.51. The
change of the lighting system carried out in September of the previous year was
notable amongst the costs. 42 streetlights had been changed to the Downlight
system. Now the bulb is incorporated into the upper part of the streetlight,
meaning that it is not necessary to have glass protection. Additionally, the
installation is more airtight that the previous, which helps stop the bulbs from
burning out as easily as before. As regards the water for the swimming pool,
irrigation and cleaning, it was agreed that the water should be contracted directly
with Canal Gestin. The financial statements were unanimously approved.

5. Proposals:
a. Debate and, if appropriate, approval of the waterproofing of the
community swimming pool. Passing a resolution about the form
of financing and dates for collection. Approximate cost 12,000.
The meeting was advised of the increased damage in the swimming pool, with
warning that in order to conclusively determine the problem of the cracks at the
bottom of the pool, it would be necessary to empty it. There was a report from
2012 in which the surveyor warned of cracks and fissures and detachment of
gresites. Various quotes for the repairs had been obtained. The repair of the cracks
and waterproofing of the entire pool shell would cost approximately 12,800.
Mr Connolly (36) asked the report be updated and presented at an extraordinary
meeting given that he considered there was little information about the problem
with the swimming pool existing at the time of the meeting. The meeting was told
there was a monthly loss of water of 50-60 m3.
It was unanimously agreed to postpone this item to an extraordinary meeting
where an updated surveyors report would be presented.

6. Reading and, if appropriate, approval of the budget for the year 2015.
The budget for the current costs was unanimously approved, the annual quota
remaining at 660 with quarterly collection dates: 1 February, 1 May, 1 August and
1 November.





Budget
Accounting
Income
2015
2014
60 villas x EUR 55/month
39.600,00
39.600,00



Costs


Swimming pool *
9.400,00
9.581,85
Public lighting
2.600,00
4.986,99
Distribution of domestic water
2.500,00
2.181,31
Maintenance and repairs **
10.884,00
8.829,04
Fumigation
500,00
486,85
Insurance premium
1.100,00
1.069,55
Rubbish collection
1.400,00
1.356,60
Administration fees
8.860,00
8.859,60
Translations
300,00
144,00
Various costs
400,00
338,10
Bank costs
300,00
280,57
TOTAL
38.244,00
38.114,46






* Swimming pool costs:


Maintenance
6.000,00

Electricity
2.400,00

Repairs and others
1.000,00

Total
9.400,00







Maintenance and repairs **


Maintenance
7.884,00

Repairs and others
3.000,00

Total
10.884,00

7. Elections.
a. President.
b. Vice-President/s
c. Secretary-Administrator

Ms Connolly (36), and Mr Copete (13), the incumbent president, put themselves forward
for the post of president. A vote was taken which produced a tie, the result being:

Mr Copete: 4 5 8 9 13 17 19 22 25 34 42 50 - 59
Ms Connolly: 2 16 27 29 30 31 33 36 38 48 49 53 54

Faced with this result, it was agreed that the each of the two persons elected would hold
the post of president for six months. Mr Copete would hold the post of president for the
first half of the period and Ms Connolly would hold it for the second half until the next
annual general meeting. This was unanimously accepted.

Ms McGrath (42) stood down as Vice-President and was thanked for her work in the post.

Mr Jon Olsen was re-elected as Secretary-Administrator for a further year.


8. Setting the date of the next annual general meeting.

The 2016 meeting will be held on Friday 11 March.


9. Any other business.






The meeting was advised that a request would be presented to the Town Hall requiring
the cleaning of the areas around the urbanisations La Carabela, Shangrila Park and La
Goleta. Likewise, the completion of the infrastructure of the area would be requested.
Mrs Jackson (8) expressed her wish that the Town Hall of Yaiza be asked to place a bus
stop in calle Suiza. It was asked if it were possible to install WIFI in the community. It was
explained that the experience in other residential complexes was that it did not work well
due to lack of coverage. Finally, Ms Connolly (36) warned that there had been a number of
thefts in La Carabela complex.


There being no further matters with which to deal, the meeting closed at 8 p.m.


Jon W. Olsen




With the Approval of the President
Secretary





Vctor Copete lvarez