COMMUNITY
OF PROPERTY OWNERS OF FARO PARK PHASES 1 & 2
ANNUAL
GENERAL MEETING 2007
In
accordance with article 16 of the Horizontal Property Act I hereby call
the Annual General Meeting of the Community of Owners of Faro Park
Phases 1 & 2 to be held on Wednesday, 3rd October 2007 at 10:00 a.m.
in the first call and at 10:30 a.m. in the second call at the Hotel
Natura Palace in Playa Blanca with the following:
AGENDA
1.
Registration of participants, presentation of proxies.
2.
The President's Report.
3.
The financial statements for the year 2006/2007 and approval, if
appropriate, of the annual accounts.
4.
Elections
a.
President
b.
Vice-President
c.
Secretary - Administrator
5.
Proposals from
a.
Rose and Bob Armstrong (10):
Garden
Area That all the grass should be removed as it is unsightly and
high maintenance and it should be suggested to villa owners that they
donate a plant for this area to cut down the costs. Also, could Seρor
Canada be asked if he would be willing to donate some picon to
re-dress the ground once the grass was removed? (Simple majority)
b.
Val Morgan (16):
The
expenses for the English television system should only be charged to
the participants who requested the installation of the four extra
channels. (Simple majority)
c.
Mario Ojeda Douillet (26)
The
pool area should be enclosed by a fence and gates for security
reasons. (Simple majority)
d.
Alonso Morillo (28):
That
a wall is built and some plants are added on the border between his
house and the satellite dish for the English TV. (Simple majority)
e.
Roger Stansfield (76):
No
owner may serve for more than 2 consecutive years on the board in any
capacity. (Unanimous)
6.
Swimming pool. Information, debate and instructions, if appropriate, to
the President.
7.
Proposal for the yearly budget and stipulation of annual fees.
The result at year end is
a deficit of 4.434 after having transferred the approved amount of
5.000 to the garden project. This compares to a budget surplus of
5.188 and the deviation is mainly due to two reasons:
o Several water leaks
have been suffered in the domestic water distribution system on both
phases, accounting for expenses of about 6.000;
o The swimming pool
was repaired and the cost of this and the related water losses
exceeded what we had forecast in the budget by more than 3.300.
We have claimed the
expenses for the repairs to the water leaks from our insurance company,
but have not received any indemnification as of yet. The claim is not
included in our balance for reasons of prudent accounting and will be
posted as an income as and when this is received. The value of the water
lost is not covered by the policy. Furthermore, one must bear in mind
that the repairs carried out to the swimming pool were provisional only
and a thorough inspection of the swimming pool must be carried out to
determine the nature of the damage and what further action should be
taken.
Nearly all owners are now
up to date with payments and legal action is only being taken against
one owner for ordinary fees and water and against 5 owners for the
so-called back water. I am grateful to those owners agreeing to pay by
direct debit as this greatly simplifies the administration, but if you
have not yet set up a direct debit arrangement with us, I would
appreciate it if you could consider doing this.
For the coming year we
have foreseen an increased amount for general maintenance to ensure that
we maintain the estate in a good condition. Owners will be aware of wear
and tear affecting their own properties and equipment after years of
use. Our communal elements are similarly affected, and we must be
committed to carrying out all necessary maintenance to maintain
standards. The street lights need a thorough revision and I hope that
this can commence later this month. The faulty street lights,
predominantly on phase 2, in the past year are not due to lack of
attention from the maintenance company, but due to the broken down
condition of the installations.
If you have any questions
regarding the accounts that you would like to raise at the AGM, I would
be grateful if you would kindly forward these to me no later than three
full working days before the meeting, so that answers can be researched.
I wish to offer my
services to the community, and will put myself forward as a candidate
for the position of President for phases 1 & 2 at the annual general
meeting of owners on the 3rd. October 2007
Being a resident owner
for over 4 years; this last year representing phase 2 on behalf of the
owners to the board, I now feel responsibly qualified to execute to the
best of my ability, the serious duties of a President.
Over this last year,
there have been numerous occasions the board have been made aware by me,
of irregularities to the normal running of the community, most
particularly the poor standard of maintenance and standards in general.
We as owners should all
have an aim to attain, and maintain a high standard within our
community, to enhance our general surroundings, to work together for a
more harmonious community, this will increase the desire of prospective
purchasers to buy on our phases, and for sellers a genuine realisation
of the value of properties.
I would value your
support in my quest for the presidency of our community, and once
elected would work tirelessly on your behalf in achieving all of our
aspirations.
She or he
will participate in my name on the ordinary general meeting or any
adjournment thereof and will represent me in all matters. This proxy is
personal and not transferable
Voting
instructions to proxy holder, if any,
.................................................................
Disclaimer: The general
meeting, its Chairman, the Members of the Board or the Administrator can
not control or oversee that your proxy votes according to your
instructions and they are not responsible for wrong voting by your
proxy.
PROXY
VOTING DETAIL, AGM FARO PARK 1and2, OCT 2007
Item
Proposed by
Proposal
For
Against
Abstain
Comments
5a.
Rose
and Bob Armstrong (10)
Garden Area That all
the grass should be removed as it is unsightly and high
maintenance and it should be suggested to villa owners that they
donate a plant for this area to cut down the costs. Also, could
Seρor Canada be asked if he would be willing to donate some
picσn to re-dress the ground once the grass was removed? (Simple
majority)
5b.
Val
Morgan (16)
The expenses for the
English television system should only be charged to the
participants who requested the installation of the four extra
channels. (Simple majority)
5c.
Mario
Ojeda
Douillet (26)
The pool area should be
enclosed by a fence and gates for security reasons. (Simple
majority)
5d.
Alonso
Morillo (28)
That a wall is built and
some plants are added on the border between his house and the
satellite dish for the English TV. (Simple majority)
5e.
Roger
Stansfield (76)
No owner may serve for
more than 2 consecutive years on the board in any capacity.
(Unanimous)
up