Minutes of the Annual General Meeting of BCWCA

Tsawwassen Golf and Country Club
Wednesday, May 21, 2008 10:00AM - 12:00
Lunch at 12:00 noon & Golf at 1:00

President Eric Brown convened the meeting at 10:15AM at which time he welcomed everyone and introduced the head table and guests. Members and guests present introduced themselves to the group as well.

Quorum: Leesa was elected to be the recording secretary for this meeting. Leesa then reported the membership attendance roll. The membership attendance for the meeting was established as 26 voting members present and 7 by proxy. It was agreed by a motion by Ernie Roos seconded by Kim Tompkins that the 33 members would constitute a proxy and that the meeting on May 21 at this time and place having been formally announced one month would be duly authorized to perform the business of the BCWCA and to vote on resolutions and motions as required - motion carried.

Agenda: Eric referred everyone to the meeting package and called for a motion to accept the agenda as circulated and made a call for any other business - moved by Steve Moore to accept agenda, seconded by Kim Tompkins - motion carried.

Minutes last AGM: Eric referred to the minutes of the previous AGM which were in the meeting package and upon a brief review called for a motion to accept the minutes, moved by John Pattinson to accept the minutes, seconded by Jim Hatch - motion carried.

Treasurers Report: Eric called upon the Treasurer Brian Williams to present the BCWCA 2007 financial statements. Brian went through the statements and asked for a motion to approve, motion by Brian Williams to accept the 2007 financial statements as presented, seconded by Norm Theisen - motion carried. Brian Williams motioned to have Robert Bishop, CA - prepare a review engagement of the 2007 financial statements as required per our bylaws, seconded by Hans Martens - motion carried. Larry Fontaine requested clarification that wages reported on F/S include trades training wages. Murray confirmed and explained that 2008 statements will show details of trades training revenue and expenses. Murray also explained that training for 2007 accounted for approx. $40K of the $71K net income reported.

Nominations Committee Report and Election of Directors and Officers: Bert Gerwin, chair of the Nominating Committee placed into nomination the slate of returning officers and directors. Bert indicated a vacancy for an executive position/vice president due to Axel Kaul's resignation. Larry Fontaine was invited and accepted the position. Vice President - Larry Fontaine, moved by Steve Taylor, seconded by Steve Moore. Bert called 3 times from the meeting for any further nominations. Being none, called for the vote. On motion by Bert Gerwin, seconded by Brian Williams acceptance of the full slate of officers and nominations as per above - motion carried.

Joe Whitehead Award Presentation

Murray presented Steve Moore a keeper plaque as the 2006 recipient of the Joe Whitehead Award. Kim Tompkins did a presentation and introduced the 2007 recipient, Axel Kaul. Axel was not able to be present at the meeting to accept the award.

Committee Reports:

Property Committee: Murray Corey introduced Steve Moore as the Chairman of the committee and the other members. Murray explained the goal of the committee of purchasing a building - BC Wall & Ceiling Multipurpose Building. Currently, an accepted offer to purchase is on the table, with final subjects to be removed with a $50K non-refundable deposit due on May 23, 2008. Murray presented a slide show highlighting construction projects around the city. The presentation also recognized member sponsors and highlighted apprentices at work in the training program. Joel Hagyard - Lindsay Kinney LLP - was introduced as legal counsel to explain the "Friends of the Wall and Ceiling Industry - Investment Program Proposal. A discussion followed for further clarification.

Motion to approve pending purchase of property:

Murray Corey thanked everyone for their involvement and generosity and encouraged further contributions from members. The borrowing resolution was presented as follows:

To All BCWCA Members

The following resolution was tabled at the AGM - moved by John Pattinson seconded by James Hatch.

Borrowing Resolution:

The Board of Directors of the BCWCA (the "Society") is authorized to borrow funds not exceeding $300,000 from a Lender acceptable to the Board of Directors, and to secure the repayment thereof by a grant of such security over the Society's assets in favour of the Lender as the Lender may require, including but not limited to a Mortgage and Assignment of Rents over real property owned by the Society, a Debenture, a General Security Agreement over the assets of the Society, and an assignment of insurance policies, all upon such terms as the Board of Directors may in its discretion approve.

And Secondly there will be a group of BCWCA members known as the Friends of the Wall and Ceiling Industry who through the purchase of non - voting preferred shares shall make funds available to assist with the purchase of the property. These funds will essentially constitute a shareholders loan to the BCWCA. A detailed agreement spelling out the complete terms of this arrangement will be presented at the meeting on May 21.

Motion Carried - unanimous

Eric Brown stated that he definitely hoped that more members would sign on with financial commitments to the project. It was moved by Dan Mauro to approve the pending purchase of the property, seconded by John Pattinson. It was then asked if anyone was opposed to the idea - none indicated that they were against the purchase. It was deemed that the Quorum was satisfied and the motion carried. The Board of Directors were asked to hold back at the end of the AGM to discuss further steps towards subject removal, etc.

Training committee - Bert Gerwin recognized and thanked all those involved in the training program. Murray elaborated on the number of courses and apprentices that have been trained by BCWCA. He also indicated that a number of apprentices have achieved their Red Seal Journeyman's ticket to date. Eric Brown commended Murray and the instructors for the level and detail of the projects constructed during training.

NWCB update - Bob Drury recognized the great accomplishments of BCWCA training centre and its contribution for the industry's future. He also complimented and recognized the importance of the BCWCA multipurpose building project. Bob reported on the NWCB Convention - it was a success by all measures. Next year's convention was mentioned ~ 2009 - Banff Springs, Alberta. He also acknowledged to nominations for product of the year award and complimented all for innovative and professional projects. Bob discussed to completion of the Productivity Study and EIFS.

Executive Directors Report Ð Murray gave a verbal report thanking the staff and all the directors and committee members for the work which has gotten us to where we are today.

Variety - Recipient's of the Van - Richmond Society for Community Living - were present with the van for a photo opportunity and a chance to thank those members involved in the fundraising campaign through Variety. Murray thanked all members who were involved and especially John Pattinson for his leadership role this worthwhile contribution to the community.

Meeting Adjourned: 11:55AM - lunch was enjoyed by all followed by a friendly game of golf.