Post date: 18-Feb-2010 17:15:00
Please take note that the following matters were decided by Owners at the adjourned Annual General Meeting held on February 7, 2010:
1. Ordinary Resolution 1 on the BHCMC Operational Budget 2010: approved unanimously without revision
2. Ordinary Resolution 2 on the BHCMC Upgrade Plan 2010 and Budget: approved without revision by a majority
3. Special Resolution 1 to levy additional contributions for the BHCMC Upgrade Plan and Budget: revised and approved by a majority
4. The revised Special Resolution reads: “THAT a sum of not more than Ringgit Malaysia One Million and Sixty Thousand (RM1,060,000) in additional contributions be levied for the Management Fund, which shall be paid into the Special Account (namely the Sinking Fund) and recorded as the Upgrade Fund for the purpose of defraying the cost and expense of the BHCMC Upgrade Plan as approved under Ordinary Resolution 2,
PROVIDED that a project implementation sub-committee be formed to, amongst others, to recommend to the Executive Council on the utilisation and priority of such funds raised under the Special Account and authority is given to the Executive Council to proceed with the three main items in Section 6.5 as soon as practicable,
AND a further RM300,000 be budgetted and levied for the lift modernisation,
PROVIDED at the lapse of the approval and authority given under Ordinary Resolution 2 above, any unutilised portion of this sum is either:
(a) returned in cash, OR (b) credited to the unit account as advance payment of future contributions and charges, At the choice of each Owner.”
More details will be available shortly in a Letter to Owners. The minutes of the adjourned AGM will be available next month, following the submission to the Commissioner of Buildings.
Thank you
February 19, 2010