The Directors of Regatta Point Freehold Limited met for a regular meeting in order to discuss various matters arising in the running of the building. The following are highlights of the discussions.
Representatives from HML Shaw were present.
- Fire Enforcement Notice – tender for work to be carried out to comply with notice due back at end of September. Exceptional bill to be issued to residents, which is expected to be significant.
- Internal decorations – Sauna work due to complete soon which allows progress on other items.
- Caretaker phone – Neil now has a landline with message facilities and a signal booster in office so should be completely contactable.
- HML Shaw service levels – poor service levels were discussed and a better understanding of what RPFL pays for was obtained. Improvements are anticipated once fire works are out of the way.
- Service charges for 15/16 were discussed – especially significant insurance premium increase that is anticipated following the fire. Reluctantly directors agreed to 9% increase.
I’m just wondering if , with a ‘significant’ extraordinary charge coming for the fire enforcement work , if the gym modifications might be delayed to help fund that work? Its just a thought.
Thanks for doing this work on our behalf.
Best wishes
Hilary
Hi Hilary,
It’s a good question that we did look into. We decided to continue with the gym because it was part of an existing contract that we already being delivered and the potential savings (£6,600 approx) were very small in comparison to the expected bill (£100k). To put this into perspective, our entire service charge budget for the year is around £150k so every resident will be getting a bill that is two thirds of their service charge bill. We have no choice in this matter as we have been served an Enforcement Notice by London Fire Brigades and we are legally obliged to carry out the works. The £100k is a ballpark estimate from our surveyor. We are desperately hoping that the tendering process brings back figures that are significantly lower. George