Directors’ Meeting 18th September 2018
The Directors of Regatta Point Freehold Limited met for a regular meeting to discuss various matters arising in the running of the building.
The following are highlights of the discussions:
- Following on from detailed discussion about significant increases in running costs, the need to increase the contributions to the Reserve Fund and how this was off-set by a one-off reduction in insurance costs the Directors agreed to set the service charge budget at roughly the same level for the following financial year. It was noted that this is not expected to be maintained going forward.
- The windows project was discussed at length as it is now at the point where bills can be issued to Owners. It was decided to further engage with Owners by creating a lobby display and accompanying website to explain the project and encourage more feedback. Informal letters containing bill estimates would be sent out prior to the Directors formally committing to the project and issuing bills.
- The state of the pier decking was discussed as the dry summer had highlighted the poor state of repair of some planks. Investigation started to explore way forward.
Next meeting 20th November 2018
PLEASE NOTE THE ANNUAL RESIDENTS’ BRIEFING IS SCHEDULED FOR TUESDAY THE 11TH OF DECEMBER AT 19:30 IN THE LOBBY