summon the co-owners
to the GENERAL ASSEMBLY
that will take place on Dec
2nd 2016 at
10:30 hours in the interior
of the building named Islas
Del Sol, on Avenue Camaron Sabalo,
number 696 in the City of Mazatlan, Sinaloa, Mexico.
In case a legal quorum fails to be realized, a
second summons is made to celebrate the
Assembly in the same place at 10:35 hours on the
same day, Dec 2nd 2016
the event a legal quorum fails to gather in response
to the summonses as described above, a third summons
will be issued to be held in the same place at
10:40 hours on the same day, December 2nd, 2016.
The Assembly will then be held with those co-owners
present and all resolutions and decisions will
be deemed to be binding on all co-owners.
Clause 28 and 29 of the Regime stipulates the
General Assembly is restricted to co-owners and/or
their representatives in possession of approved
Proxies. An owner assigning a proxy assigns all
voting rights while in attendance at the meeting.
Maintenance Fees must be paid up to and including
the year 2016 before the owner has standing before
the Assembly. If the owner wants to pay the maintenance
fees with check the payment must be made at least
one week before Dec 2nd 2016. If the owner wants
to pay less than a week before the meeting only
payments in cash will be accepted, no exceptions.
OF THE DAY
Designation of the President of the Assembly and
2. Discussion and or approval of the legal quorum.
3. Verification of the attendance and installation
of the Assembly.
4. Designation of a Secretary of the Assembly
5. Designation of a delegate to take the minutes
of the Assembly to be protocolized by a Notary
6. Approval of the Order of the Day. We are allowed
to entertain suggestions from the Assembly to
correct, delete or to add an item/issue for the
Assembly to address. This must be accomplished
by a proposal, a second, and then must go to a
vote. A majority of the votes represented by those
present, along with proxies they may hold, must
occur for the proposal to succeed and be added
to the agenda for Assembly consideration. Items
added to the Agenda will be addressed in Item
7. Report of the Vigilance Committee followed
by discussion and votes where applicable:
Report of the General Manager.
b) Report of the Islas del Sol legal advisors
on ongoing legal matters.
c) Report of unit sales for the year to date.
Financial Report and Maintenance Fees;
Presentation of the financial statements for 2015/2016
b) Presentation for discussion and approval of
the budget for 2017
c) Report on Foreigner delinquency status and
collections activity for year to date.
d) Report on National delinquency status and collections
activity for year to date.
e) Approval of short term borrowing arrangement
for 2016 and approval for fiscal year 2017, if
deemed necessary by the Administration and Vigilance
f) Update on the seawall repairs:
a) Current status.
b) Cost and sources of funding for repairs.
g) Reminder of an increase to the 2017 Maintenance
Fee as per the motion passed at the 2015 AGM.
Presentation of the proposal of the AC for Mr
Robert Keysor to continue as the Administrator
of Islas del Sol and voting.
10. Nominations and voting for the Vigilance Committee
representatives for 2017.
11. Establishment of the amount of a bond or cash
deposit to be required of a non-co-owner who may
be designated as Administrator of the Condominium.
12. General issues. This is when any new agenda
items/issues passed for consideration under actions
taken in #6 will be addressed.
13. Adjournment of the meeting.
meeting will continue with appropriate breaks
at the discretion of the President of the Assembly
until all matters approved for discussion and/or
decision are acted upon.
owners are reminded that in order to participate
in the Assembly, they must credit their rights
before the administration of the condominium.
Accreditation may be obtained through the administrative
offices of Islas Del
Sol beginning two days before the Assembly
between 09:00 hours to 17:00 hours, and
will close two hours prior to the scheduled start
of the Assembly.
Administration of Islas
Del Sol will issue the appropriate
documentation for admittance to the Assembly including
verification of any votes held in proxy.
person who attempts to disrupt the Assembly or
fails to obey the directions of the President
of the Assembly may be removed. The use of video,
photographic or audio recording devices other
than those approved by the President of the Assembly
is strictly prohibited.