summon the co-owners of Islas del Sol, to the
that will take place on Dec 1st 2017 at 10:30
hours in the interior of the building named Islas
Del Sol, located 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 1st 2017.
In 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
1st 2017. The Assembly will then be held with
those co-owners present and all resolutions and
decisions will be deemed to be binding on all
Maintenance Fees must
be paid up to and including the year 2017 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 2017. 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 two scrutineers
2. Discussion and or approval of the legal
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 Public
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. Proposal and vote to ratify Islas Vacacional
AC as the legal entity in charge of the administration
of Islas del Sol condominiums, granted independently
of the power of Attorney conferred by article
30 of the Law on the Condominium Property Regime
in force for the State of Sinaloa and the thirtieth
clause of the regulation that governs us, a general
power of attorney for lawsuits and collection.
Full and general power of attorney for administrative
matters. General power of Attorney to grant, sign,
release, accept, make, subscribe, endorse and
guarantee all types of credit titles. General
power to open, cancel and manage bank accounts
and securities of the association. General power
of attorney to act in labor, civil, criminal,
administrative matters. General power to enter
into agreements with the Federal Government. Power
to grant and revoke general or special powers
within the scope of powers and powers conferred.
Full and general power to appoint and to eliminate
managers, sub-managers, agents and employees of
the association. Full power of attorney to create
employment contracts, individual and collective
and intervene in the creation of internal work
regulations. Power to convene General Assemblies
of the association, execute their agreements and
carry out actions and operations that are necessary
or convenient for the purposes of the association,
except those expressly reserved by the Law or
by those statutes to the Assembly. Full and general
power of attorney to represent the association
in each and every one of the matters in which
they are related or involved with the Mexican
Institute of Social Security. Full power of attorney
to represent the association in each and every
one of the cases related to the Federal Consumer
Procurator's Office (PROFECO). Full and general
power to manage and perform any type of procedure
that may be necessary in the country or abroad
before any kind of authority. Power to perform
all kinds of procedures and arrangements before
the Ministry of Finance and Public Credit (Secretaria
de Hacienda y Credito Publico). Full and general
power of Attorney to do everything that in fact
and by right corresponds to be performed by the
association in use of the powers conferred, since
these powers are granted in an enunciatively and
not limitative way.
8. Report of the Vigilance Committee followed
by discussion and votes where applicable:
a) 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
9. Financial Report and Maintenance Fees;
a) Presentation of the financial statements
b) Presentation for discussion and approval
of the budget for 2018
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 2017 and approval for fiscal year 2018,
if deemed necessary by the Administration and
f) Reminder of an increase to the 2018 Maintenance
Fee as per the motion passed at the 2015
10. Presentation and voting of the proposal
of the AC for Mr Robert Keysor to continue performing
the duties of Administrator of Islas del Sol Condominiums
as soon as he finish the legal arrangements before
Immigration (Instituto Nacional de Migración)
in order to accomplish all the legal requirements.
11. Nominations and voting for the Vigilance
Committee representatives for 2018.
12. Establishment of the amount of a bond
or cash deposit to be required of a nonco-owner
who may be designated as Administrator of the
13. General issues. This is when any new
agenda items/issues passed for consideration under
actions taken in #6 will be addressed.
14. Adjournment of the meeting.
All 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.
The Administration of Islas Del Sol will issue
the appropriate documentation for admittance to
the Assembly including verification of any votes
held in proxy.
Any 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.