we got a call from developer's office last week, abt the sinking fund, asking us to consider to offset the sinking fund with (part of the) debt owed by the defaulters to them, for this proposal the committee have some discussion in our last meeting.
according to the developer's office, those old debt owed by defaulter is amounting to abt RM590k, it refer to the time before JMB & MC take over, ie from 1994 to 2008, some of the residents had not been paying them the SC in full, we also notice few of them owe more than 20K each.
our record shows that the sinking fund is abt RM370K, so if go by offset, how the calculation should go?
but anywhere, the committee have decided NOT to say yes at the moment, but insist they got to return us the sinking fund at soonest possible, few reasons for that decision,
1) JMB or MC is not the right party to collect the old debt, if we do so may end up facing some legal complication.
2) these defaulter are hard core type, it definitely will take a very very very lengthy legal procedure to collect back the debt, but we couldn't wait that long as building need to be painted & lift, water tank need to be upgraded urgently.
3) after all, it still the old management/developer's responsibility to collect the old debt, no point we carry this unnecessary burden.
but anywhere we do not shut the door for further discussion with developer, we still look forward to see their person in-charge to solve the issue so that we can transfer the money back to residents in full amount with interest, as early as possible.
at the same time we do keep the relevant authority (such as COB, YB, state gov't especially) updated with progress of this matter, we do seek their advice whenever there's some new development, our hope is that at the end we do not need to take legal action coz it's too time consuming, we really praying hard now for that.
(also want to take this opportunity to thank COB, YB Yeoh Soon Hin & the council members in MPPP, coz they really help us a lot in forming JMB, MC & now the sinkng fund)
hope to see the sinking fund money soon...
thanks.
3 comments:
To all resident,
I thought that Saturday construction work is allowed until 5pm. Therefore, I have planned for some work till 4pm today. However, Saturday is the only day available for people working from 9-5pm like me.
Anyway, my apology.
hi,
thanks for the clarification on the matter.
as for Saturday's working hour for renovation, at the moment is 9am to 1pm according to house rules, the guard hv no choice but to interfere if he found any work still be continue after 1pm, perhaps next AGM or EGM can bring up for discussion concerning the working hour.
thanks.
The guard did come to notify me. I think he did a good job.
Maybe we can review that in next AGM. However, since that is the current house's rule, everyone should comply accordingly.
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