There was a SC last night at the MCST office, but no notice was put up on the board informing owners. There was no general invitation to all interested owners to attend as observers. Now that there is an en bloc lawyer on board, I expect this is the way it will be from now on.
Phase 1, ladies and gentlemen, is over.
Ah, the proof is in the pudding, they say, so we shall have to wait and see.
Last night they were discussing the proverbial pudding; the draft CSA. We shall have to wait for the minutes of that meeting, which must be posted on the notice board within 7 days to have the smallest glimpse of what went on. Don't expect too much in the way of detail.
153 An SC clearly has a duty to act conscientiously in exercising the power of collective sale. We note that trustees owe a duty of care to their beneficiaries and are bound to take all precautions in the management of the trust property as an ordinary prudent man of business would take in his own affairs
I guess the lawyer knows what he is doing. Maybe the past meetings without the presence of lawyers and open invitation for observers may not be at owners' interest. I believe we have a good lawyer in hand.
ReplyDeleteTransparency is not in the owners' interest?
ReplyDeleteIf we are not told about upcoming meetings then how are we to know when to expect the minutes? They could have meetings and not produce any minutes and we would be none the wiser.
I have written this lawyer 2 letters and he has not replied. That, to me is not a good sign.
Why don't u volunteer to be sc in the first place, u choose to complain in this blog. It don't serve the purpose.
ReplyDeleteI have been reading your blog, feel that u are a person who like to give ideas but hid behind.
On the contrary, I have been quite outspoken and most owners would know me by sight in the estate. It's not easy to hide when you naturally stick out like a sore thumb.
ReplyDeleteMy purpose is to look at the process from the outside - from the viewpoint of the 548 owners who are NOT on the committee, the ones who will bear the brunt of all decisions made on their behalf. I am just one owner out of the 548 silent majority and my voice is small.
If I joined the sale committee, even that single solitary voice would be silenced because I would not be allowed to continue with this blog.My opinions would not be valued and I would be outvoted by the flippers at every turn. There doesn't seem to be anyone else in the estate attempting to narrate/opine/comment/expose/correct using this media.
My purpose then is to make some noise to rouse people out of their complacency, inject some activism, goad people into looking at things more closely themselves and NOT rely 100% on a sale committee to take care of their interests. I may be right or I may be wrong, but if I get you thinking then that is enough for me.
As a member of the Sale committeee , I admit SC ought to have given notice of meeting held on 10.08.2011 to consider CSA,though convened at short notice .In any case minutes of this meeting will be given to MC office for display by ealrly next week . As the minutes may not be all that selfexpalnatory with out a perusal of draft CSA, interested SPs can email to:
ReplyDeletetampinescourtsc@yahoo.com.sg for a copy of CSA
or contact me at 96506055 for a copy
V Srinivasan
Thank you Vasan for that update. I notice that there are now 2 email addresses
ReplyDelete1) feedbacktampcourt@yahoo.com.sg
2) tampinescourtsc@yahoo.com.sg
Which is the best one to use for all correspondence? Is the former one now defunct?
I have many, many, many, many problems with this draft CSA. But as it is just the first draft, I shall wait until the final draft that is put to owners for consideration at the EGM before lashing out at any remaining evil clauses.
By your comment it seems the SC were given short notice to review the draft? I hope you all had at least a week to review the document, the minimum length of time for laymen to do a slow and steady analysis. Independent advice might also be sought during the period. You are the first line of defense for owners. Rushing matters is to the lawyer and MA advantage.
Both are in use- tampinescourtsc@yahoo.com.sg is the official email id of Sc for correspondence with others. The other emailid is exclusively for receiving feedback from SPs.
ReplyDeletesrinivasan