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:

• Debtors – whilst there are only a few people owing large sums of money they are persistent offenders.  Action to investigate tightening up the debt collection and policy. 
• Budgets – a clear picture of maintenance costs rising significantly over the year for door and lift repairs alongside security.  Directors are only approving essential expenditure.  Will plan to increase maintenance budgets in September.
• Latest combine Fire and Health & Safety assessment reviewed.  No high-risk issues were found.  Other items to be addressed if appropriate with HML.
• General discussion over major repairs resulted in agreement to hold special meeting at end of July to discuss in detail. 
• Guest room income is to be re-directed into RPFL account and Directors to take over management in September. 
• Owners of shares in the freehold to be surveyed for interest in new Articles of Association to allow for dividends or RP improvements.

Extraordinary Major Repairs meeting 31^st July

Next meeting 10th September 2019