The Crimson Tide Strata Plan BCS2345, located in North Vancouver, has recently approved a resolution to replace the aging communal boiler system. This project is estimated to cost $150,000. Which voting threshold is generally required for a strata corporation to approve a significant capital expenditure from its contingency reserve fund (CRF) that is not specified in the annual budget?

Question: The Crimson Tide Strata Plan BCS2345, located in North Vancouver, has recently approved a resolution to replace the aging communal boiler system. This project is estimated to cost $150,000. Which voting threshold is generally required for a strata corporation to approve a significant capital expenditure from its contingency reserve fund (CRF) that is not specified in the annual budget?

Answer options: ✅ A 3/4 vote of the eligible voters present in person or by proxy at an annual or special general meeting.

• A 1/2 vote of the eligible voters present in person or by proxy at an annual or special general meeting.
• A unanimous vote of all eligible voters.
• A simple majority vote of the strata council.

Correct answer: A 3/4 vote of the eligible voters present in person or by proxy at an annual or special general meeting.

Explanation: Section 97(2) of the Strata Property Act requires a 3/4 vote to approve an expenditure from the contingency reserve fund for a purpose that is not set out in the annual budget.