Jun 7, 2016

EOGM 3


Caught only the last 20 minutes, so I have no idea what transpired in the main. 


My impression: a small group of dedicated enbloc residents. The Sale Committee and Co. would have been speaking to the converted I imagine. Any protestation would have fallen on deaf ears also. I had no intention of speaking but really, when a resident suggested that the sale committee be allowed to sell below the valuation, well, that was just too much to swallow. The Valuation at time of tender is a LTSA safeguard to protect the minority from an over zealous SC from underselling the estate.  I asked someone at the back who was just there for a look-see like myself if anyone challenged the MA's figures... apparently not. 

Well, as I said - the converted need no persuasion. 

The RP is a pittance any which way you look at it. 

The signing of the CSA began after the meeting, so they have until 24 Jun 2017 to reach 80%. Expect Notices every 4 weeks on the notice board. 

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