Management Meeting 26th Jan

There was a management meeting Tuesday 26th Jan, attending were AEA, Gerrardo our Presidente and 3 owners including myself. These are the issues we discussed

1. Maintenance Company, quotes being sought for maintenance contract to replace Incoplan.

2. Painting repairs - Gerrardo is requesting from Incoplan a plan for when they will honour their promise to make good all the paintwork needing to be done. He will report at AGM.

3. Banks - 2 banks who own most of the empty units are now paying their community fees . RyF only own approx 50 units and for most of these are involved in contract dispute withn the propspective owners.

4. Ryf not paying community fees for these but are paying gardenning for phase 3.

5. Community books show at this moment we have a surplus of €43,000 , that assumes all debts paid!!

6. Road Repairs. Incoplan are under some financial pressure are now just existing in Madrid. They have said they have finished the repairs , however the road needs re tarmaccing and the temp road needs to be made good. AEA are writing to RyF to request /demand work is finished as promised.

7. Garden Maintenance...4/5 companies are tendering for the contract

8. Timer to repair- the time to complete maintenace tasks should be improved when AEA are managing company directly.

9. Painting Fund ...AEA ill present proposals for a painting fund at the AGM. One idea is to reduce the vigilante over the winter period.

10. Next AGM will be April 16th

Many thanks for the report, John.

Hi John, thank you very much for posting this.

I hope I'm wrong but reading between the lines it looks as though we could be in for a bit of a bumpy ride in the future.

We have the situation developing on painting repairs and road repairs where AEA / RyF are going to be arguing it out with IncoPlan.  Incoplan have no motivation to do anything but minimise their costs by doing as little as possible.  We must stress to AEA / RyF that we expect them to sort out the painting and the road and there stand off with incoplan is there issue and should not stand in the way of these two areas being addressed.  We already have the situation where RyF are blaming the electricity company for the mess with the cables that dangle all over phase 3 and I fear the road and the painting will go the same way.

I hope i'm wrong and AEA / RyF in my opinion have been great up to now, I just don't want that to change.

My view is that if we need a painting fund, which we do, then lets pay for it, even if it means an increase in fees.  I don't want to see any decrease in Security at all especially in this economic climate with so many people unemployed etc.

Thanks again John for your update

Steve

www.duquesa-village.com

Thanks John,

Was the power situation on the top blocks discussed or was this the block 3 issue you mentioned?

Thanks for the update John.  Much appreciated.

Caroline and Neale

Jeff,

It was mentioned only in as much as there is no change...seems RyF and power people are at loggerheads over the provision of the sub station...

Hi John

Thanks for the update. Will we be informed of time and place of next meeting. If not do you know time and place as i will at DV on the 16th and would love to attend.

Keith and Niki