Membership and Vacancy Information

Vacancy Information:

WAIT LIST OPEN

APPLICATIONS WELCOME

(Please note: you will need a copy of Acrobat Reader to access the application)

Everyone welcome

Our application is also available if you send in a SASE to: Membership Committee #89 - 8763 Ash Grove Cres. Burnaby, B.C. V5A 4B8

Or, you can pick one up in person from the Application box on the front of the Community Center. (See above address).

Membership Criteria

Members are selected from those who:

Show an interest and commitment to Co-op principles and a willingness to participate in Co-op activities and decision making (i.e. Member's meetings, committees, Board, other positions or tasks);

Show an indication of permanency or long-term commitment to the Co-op;

Are likely to be good neighbours and good residents and who will maintain their home (inside and outside) in good condition;

Are in agreement with the B.C. Human Rights Code;

Have a history of financial responsibility (i.e.; past record of paying rent and bills on time)

--provide fully completed application and verification of income forms

--provide proof of income (as required by the Province and by C.M.H.C.);

Have the appropriate household size for the unit and meet the income requirement of the Co-op (i.e. they can afford the Housing Charge or a subsidy is available).

Unit assignment is dependent upon assessment of co-operative involvement and co-operative attitude, confirmation of credit rating and need.

Members purchase shares in the Co-operative.

Share Purchase Amounts
One-bedroom	$2,000
Two-bedroom	$2,800
Three-bedroom	$3,300
Four-bedroom	$3,500

Housing Charges:

Housing charge rates are adjusted from time to time as required to meet the fiscal obligations of the Co-operative.

There is both a minimum and a maximum housing charge for each of the four unit types.

Individual housing charges between the minimum and maximum levels are based on a percentage of gross annual household incomes and are dependent on the availability of subsidy.

We currently base our housing charges on 30% of the gross annual household incomes, with the following maximum and minimum housing charges.

We have a $12.00 charge each month for the Satellite television programming. Please click here to see our channel lineup.

2010 Rates:

Unit Size	Minimum Housing Charge	Maximum Housing Charge
One-bedroom	331.00	661.00
Two-bedroom	434.00	867.00
Three-bedroom	509.00	1018.00
Four-bedroom	599.00	1198.00

Membership Classes:

There is one Principal Member share per unit. Other adult residents may apply for Associate Member status upon completion of the application form, approval by the Board and payment of a $10.00 non-refundable fee per applicant. Co-operative membership entitles the holder to vote at meetings and run in Board elections.

Other Share Information:

The Co-op is a non-profit organization. On move-out, the original share purchase is returned (less any amounts owed to the Co-operative) and the Co-op then decides who will occupy the unit.

While you reside at Pine Ridge your share purchase forms part of the share capital pool, which is currently invested under full professional management with Odlum Brown Limited. Earnings from the shares are used as directed by membership vote and have included playgrounds, re-landscaping, funding a satellite TV system, providing funds for improvements to member's units, and rebating a portion of member's housing charges.