2003 Board resolutions

3 February 2003

• Assignment of one (1) passenger elevator at each tower for access and use by in-house personnel and security guards for official errands, and by domestic help, excluding cargo and animals

• Re-implementation of “parking slot locator” system
• Creation of three (3) House Committees, namely: Financial Committee, Security and Safety Committee, and Maintenance, Engineering & Housekeeping Committee, and designation of certain Directors as Chairperson of these Committees

• Opening of bank accounts with Bank of the Philippine Islands (Forbes Park Br.) and Banco de Oro (SM Megamall Br.) for short-term placements, with designated signatories

• Lobbying/negotiations with Bonifacio Cable for the lifting of exclusivity of Home Cable as service provider

19 March 2003

• Approval of Power Reduction Program

• Approval of purchase and installation of Modified Arrival Gong for all elevators

• Approval of re-filling of fire extinguishers

• Regulating use of common area hallways

• Regulating use of service areas

• Approval of additional facilities for a convenience store at each tower

• Engagement of Laya Mananghaya as External Auditor

• Granting pro-rata application of the approved discount on advance payment of dues for payments made after January 31, 2003 deadline

8 April 2003

• Approval of the purchase and installation of a detachable-type wall padding and rubber matting for the Service Elevators at each tower

• Approval of the purchase and installation of “Door Closer” for all service area doors, for unit owner’s account

• Regulating of the use of the convenience store

• Imposition of penalties for violation of house rules

• Approval of Unit TH-C’s request to install a Zen Garden at his unit, subject to rules and regulations

• Approval of installation of Chem-Free water sterilization system for indoor pool

• Regulating of promotional materials/pamphlets from outsiders to control junk mails

• Approval of the Building and Fire Insurance renewal

• Recall of Full Amnesty/Condonation of Interest and Penalties granted to Meridien Development Group, Inc., and granting only a partial amnesty/condonation equivalent to Sixty (60%) per cent thereof

• Approval of Property Management contract renewal

12 May 2003

• Approval of the purchase and installation of “Hardiflex” insulation strips along perimeter of electric kitchen stove in units

• Engagement of contractor for swimming pool maintenance services

• Approval of replacement of swimming pool return pipes

• Approval of use of e-mail for information dissemination to unit owners/building occupants

• Approval of putting-up of Advisory/Bulletin Boards

• Approval of purchase of bicycles for roving guards at Basement area

• Approval of purchase and installation of spotlights at inner front sidewalk of building

• Delegation to Finance Committee handling of terms of bank placements

18 June 2003

• Approval of advance payment of Real Estate Tax to avail of twenty (20%) percent discount, extended to unit owners on their advance payment

• Approval of fabrication and installation of steel gates at center core entrance and exit gates

• Approval of reduction of two (2) 24-hour security guards from center core post.

• Approval of purchase of watchman’s clock

• Granting of CPMI to make proposal to unit owners/residents for quarterly maintenance services of their aircon units

• Granting of Mr. C. Rodriguez’ (Unit 28-C) auditors to conduct an independent audit of financial books/records of the Corporation
  
  14 July 2003
• Regulation of policy on Move-in/Move-out of unit owners/building occupants

• Regulation of “Headlights On” policy at basement parking

• Monitoring of transport and taxi services to unit owners/building occupants

• Awarding to Ms. L. Chan (Unit 11D, Cameron) the operation of convenience store

• Re-scheduling of Detachment Commander and the Special Investigations Officer for extended deployment at Lobby area during weekends

14 August 2003

• Re-negotiation of Amcor Security Contract Rate

• Re-bidding of Housekeeping and Maintenance service provider

• Regulating use of entrance/exit gates

• Engagement of Corporate Counsels, Philippine Law Offices, as legal counsel to represent the Corporation in Civil Case No. 68865 entitled, “Tanchay-Yu vs. Amcor Security, et al.”

6 October 2003

• Granting of unit buyers of Essensa units whose title thereto has not yet been transferred in his/her/its name, to vote the Unit by Proxy, in any measure, motion or resolution that may be taken up during the Annual General Membership Meeting, including in the election of the members of the Board of Directors/Trustees, subject to the following conditions, to wit:

a) The unit buyer has fully paid the purchase price of his/her/its Unit, in full, to the Developer-Seller concerned, i.e., Meridien Development Group, Inc. or East Forbes Properties, Inc.;

b) The title transfer covering the Unit to the unit buyer has already been initiated and/or is for processing with the appropriate Government agencies with the submission by the unit buyer of certain required documents, as well as the complete remittance and payment by the unit buyer to the Developer-Seller of the Documentary Stamps Tax, Transfer Tax, Registration Fees and all other expenses incidental to the transfer of title to the Unit which are for buyer’s account; and

c) The unit buyer is not delinquent in the payment of his/her/its association dues and other assessments as of third quarter of 2003, to the Association,

all of which must concur and be possessed by the unit buyer concerned not later than October 20, 2003, and the unit buyer shall also request the Developer-Seller, in writing, of his/her/its desire to be constituted as the Proxy of the Developer-Seller for the Units concerned.

• Acceptance of resignation of Mr. Carl Ottiger, as Director, effective immediately

• Filing of Third-Party Complaint against Mr. Eric Yu for indemnification and/or reimbursement of damages being claimed by Ms. Caroline Tanchay-Yu (Unit 21-D, Cameron) against the Corporation in Civil Case No. 68865 entitled, “Tanchay-Yu vs. Amcor Security, et al.”