2012 Sundowners ridge AGM report

  1. Welcom
  2. Overview
    • Last AGM 2010, no AGM in 2011, waiting for audited financials.
    • Problems with Constantia, late payments, interest etc.
    • Looked at other managing agents.
    • Scorpions closed down Constantia, we immediately moved to Status mark, and informed owners to pay money to Statusmark.
      • We lost R100k savings, with other expenses in the region of R160k.
      • Curator appointed to sort things out, going very slow.
      • Once done we can lodge a claim with estate agents board.
    • Moved to Statusmark, but quickly realised that there books was worse, money again in a pooled trust account.

    • Move do Justus J1A1 - with our own account at Standardbank.

      • Ben does the payments
      • Justus reconciles the account every month.
    • Financials looking good, partly be cause we did not do any maintenace.
  3. Need to vote on
    1. Who pays for maintenance.
    2. Garage door maintenance - R500/perdoor.
    3. Window frames.
    4. Paving, sags in places, gate emergency.
    5. Re-check roofs.
    6. Insurance - geyser burst, excess - option to reduce it.
    7. Gate storage room + toilet.
    1. Concerned about high complex water bill.
  4. Encourage people to serve on committee, Marion started last year.
  5. Thank committee for all the work.

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