AGM will be held on 14/6 (saturday)

after long delay due to the lift upgrade project, we decided not wait for the full completion of the project but to go ahead with the AGM which will be held on 14/6 (Saturday), 8pm at our swimming pool foyer.

few important decision will be passed on that night, new management committee will be elected (max number is 14), house rules concerning foreigner hostel may be changed, but what interest us most is the approval from residents concerning the building repainting.

as we have shared earlier, now state gov't is open for the private project to apply fund for building repainting, but the condition is these private project must be low cost or low medium cost apartment, and for Vista Condo, we managed to find some very early document (with the help of MC member who stays at blk k first floor) to prove that we are the low medium cost apartment, so this qualify us to apply the said financial aid, shall it approved then our residents will need to bear 20% of the cost.

(we must stress here that we are qualify to apply, but still the gov't decision for the approval)

so far we have received few proposal/quotation for the building, but haven't open yet, right now still waiting for few more then will open all of them few days before the AGM together with some senior & experience residents from Vista Condo, then will shortlist it to three & present them to residents during AGM for approval & agree to absorb the 20% of total cost shall the application approved by state gov't.

so how much is the 20% in Ringgit form? assume that the cost is RM400k then it amounting to RM80K, or if total is RM500 then 20% will be RM100k, so take these 2 figures for calculation, then we will have (RM80K shared by 275 units) RM290.00 or (RM100 divided 275) RM360.00 per unit.

we can foresee that not everyone will agree with this proposal, but also many residents are keen for it, so the best option here is to table it during the AGM for residents to decide...

just a note of caution, if on 14/6 night not enough residents turn up for meeting, or can't form the quorum (one half of total unit), then the meeting will be postponed to the 21/6 night, and on 21/6 night whatever number attended will automatic form the quorum, so for this we are planning some light refreshment on 14/6 night, for in case not enough peoples to form quorum, then those residents who present at the foyer still can enjoy some good food together & have good time of discussion...

thanks.