AGM Minutes

Minutes of the Annual General Meeting of Glenmarie Cove Residents and Owners Association (GCROA) held on Saturday 26 March 2016 at The Heron Clubhouse

The Meeting commenced at 3.15pm with the Secretary announcing that in line with the rules of GCROA a quorum had formed for the meeting to commence.

In Attendance: Attendance list attached

  •  To receive and adopt the minutes of the previous annual general meeting (AGM):

The Secretary asked the meeting if there were any matters arising from the minutes of the previous meeting.  There being no matters the minutes were adopted.

Proposed by: Mr Albert Mok
Seconded by: Mr Robert Chua

  1.  To receive and adopt the Committee’s report on the working of the Society during the previous year:

The President outlined the work undertaken by the Committee in the previous year and the lack of response from the developer in addressing the many outstanding maintenance issues.  

Negotiations were in hand for the proposed takeover by the Committee on behalf of all Residents of the maintenance and security services, the targeted date being effectively 1st May 2016.

It was proposed that the Committee, through a Management Company, would self-manage the activities as opposed to a takeover.  In order to address this effectively, there would need to be a minimum 80% – 85% collection rate of the charges. This assumption is based on past collection rate achieved against the current budgetary costing.

The Committee, at a recent meeting with Glenmarie Cove Development (GCD), proposed that it should start with a ‘clean slate’, would not take over the overall liabilities and that the current major outstanding maintenance issues would continue to be the responsibility of the developer for them to address.

The Clubhouse would not be passed over as the land belongs to GCD.

GCD had agreed to provide a full list of the Residents but this was currently awaited.

A Management Company, Armada Management Services, would be appointed who would act as Administrator and Manager.  They would be responsible for the invoicing and collection of the monthly charges and address the maintenance issues.  There would be a permanent Manager and onsite Administrator, at the Clubhouse.

The current security company would be retained.  Guards will be required for P1 & P2 only, with a total of 9 guards on site.  GCD will be responsible for the guards at the first gate and the Sri Santai area.

There will be full time maintenance workers on site.

The President explained that the committees have decided that the subscription fees shall remain at status quo given the current sentiment of residents on the state of the community condition. The President indicated that the current monthly charges are based on a 2013 Budget and could potentially prove challenging in the absence of periodic or timely review of the budget going forward. It is proposed and unanimously agreed that an upfront three (3) months of subscription fees to be collected in order to ‘kick-start’ the services as at 1st May 2016.

The President explained that currently there is no provision of Sinking Fund, and consideration has to be taken for the long term requirement of the community in respect of major expenditure which would put a strain on the budget. It is unanimously agreed by members present in the AGM that a sinking fund provision must be in place for such eventualities. The quantum of the sinking fund shall be decided at a later date and proposed to members for approval before implementation.

  1.  To receive and adopt the Treasurer’s Report on the audited accounts of the Society for the previous year:

Mr Choo Weng Keong read out the Income and Expenses Statement which indicated a deficit for the year to 31 December 2015 of Rm445.74.  The Balance Sheet, as at that date, was solvent to the tune of Rm16443.87.

The audited accounts were accepted.

  1.  To discuss the following changes to the GCROA Rules, proposed by the Committee:

Rule 4. Membership

  1. Membership will be open to and will include all owners of property at Glenmarie Cove, on a one member per household basis.
  2. Membership shall cease immediately upon a person ceasing to be an owner or resident at Glenmarie Cove.

Rule 5. Entrance Fees, Subscriptions and other dues.

  1. There shall be no joining fee and no annual membership fee.
  2. The GCROA Committee shall collect subscriptions from owners for services provided to the community. The level of these subscriptions will be decided at an AGM or EGM and shall be notified to individual house owners.

The reasons for the above rule changes were explained to the meeting by the Secretary. A vote was taken with the result that all attending were in favour.

Therefore the new wording for Rule 4 and Rule 5 was adopted.

  1.  Items:

Resolution One

Under the terms of the Deed of Mutual Covenants signed by Glenmarie Cove House Owners and the Vendor, Glenmarie Cove Development SDN BHD shall provide Security Services and Maintenance Services to house owners as described in the DMC, for a period of time specified in the DMC. It is proposed that these services will now be taken over and run by GCROA, under the same conditions set out in the DMC. A professional Management Company will be engaged to manage these services.  Monthly charges at takeover will be unchanged.

In favour – unanimous
Against – none

Item Two – approval of a Sinking Fund:

In favour – unanimous
Against – none

Item Four – selection of new and replacement committee members: N/A

Item Five – AOB:

It was proposed by Mr Canry Leow, that as per the resolution passed at the 2015 AGM that residents should stop paying the monthly charges to GCD due to their lack of maintenance, that this should be re-voted in by the members of GCROA.  The motion was seconded by Joyce.  The President pointed out that this was now not a major issue as the proposed take over was imminent i.e. 1 May.

By a show of hands, those in favour to pay – 19; against paying – 10.

There being no other matters, the meeting closed at 5.00pm

Advertisements
Posted in Miscellaneous

GCROA AGM

Notice of the Glenmarie Cove Residents and Owners Association (GCROA) Annual General Meeting 2015

The GCROA  AGM will take place on Saturday 26th March  2016, 3.00 PM sharp, at The Heron Clubhouse

Registration from 2.30 pm

All GCD Owners and residents are invited to attend; to discuss the very important issue of transfer of responsibility for Security and Maintenance Services from GCD to GCROA

Meeting Requirement

According to the Society Rules, at least one-half of the voting membership of the Society, or the voting members present should represent twice the total number of committee members, whichever is the lesser, must be present at a general meeting for its proceedings to be valid and to constitute a quorum.

So please attend to ensure that we have a quorum of members present.

Residents who are currently not members of GCROA may attend the AGM and will be eligible to vote if proposed rule changes are adopted.

GCROA AGM 2016 Agenda

(i)          To receive and adopt the minutes of the previous annual general meeting;

(ii)         To receive and adopt the Committee’s report on the working of the Society during the previous year;

(iii)        To receive and adopt the Treasurers’ report and the audited accounts of the Society for the previous year

(iv)        To discuss the takeover of Security, Maintenance and other Services by Residents.

The Committee will present proposed rule changes to enable all owners/residents to become CGROA members, with no joining fee and no annual fee.  Also, a vote to agree that owners/residents wish to maintain GCD as a gated community will be arranged. A 51% majority is required.

(v)         To transact any other matter for which 7 days notice in writing has been given.

Notices should be delivered to:

Precinct One –  2 Jalan Damar Laut 2B

Precinct Two –  21 Damar Bayu 4B

 

 

 

 

Posted in Miscellaneous | 2 Comments

RSYC to train children in sailing

RSYC sailing_1RSYC sailing_2

Posted in Miscellaneous

Notice of EGM

Dear Members,

In light of current ongoing discussion with GCD on the matter of the handing over of the security and maintenance services to the residents to manage themselves, and after enquiries made at all relevant authorities with regards to the appropriate entity to establish, the committee finds that we would need to register a private limited company (Sendirian Berhad) to lawfully managed our community needs.

In consideration to this, the constitution of GCROA has to be amended to enable the association to register a company. Members’ votes are required for this amendment to proceed.

The committee hereby gives notice that an EGM be held on Sunday, 6th December 2015 at the Heron clubhouse. Registration of attendance shall commence at 6.30 pm and the EGM shall begin at 7.00 pm.

All matters related to this exercise will be discussed in the EGM before the call to vote.

The committee strongly urge members to attend this EGM due to the importance of this exercise has, going forward.

Thank you.

Roy Lee
President
GCROA

Posted in Miscellaneous

GCROA Message to Residents

On Friday 9th October a meeting was held between GCROA committee members and GCD management, including Ashraf Othman, Bala, Guna and two members of the GCD Accounts Department who are responsible for  Glenmarie Cove maintenance and security  accounts.

A spreadsheet was presented showing Income and Expenditure for 2013 to 2015, with a monthly breakdown for the current year.  This is a document with a detailed breakdown of billing to Bungalow and Semi D lots in different areas, together with around 30 different items of major and minor expenditure.

The accounts as presented show a deficit for the last three years, with expenditure considerably higher than billings. Non payment by residents increases this deficit.

A detailed discussion took place regarding costs, and what could be justifiably be assigned to residents.  GCD staff costs have been particularly high, with far more people than necessary assigned to manage GC.  This has changed recently, with staff costs much lower in September, when expenditure was lower than billing for the first time.

Security charges have risen due to an increase in guard numbers not discussed with residents.  Water charges are also very high, due to leaks and the fact that Syabas has not adopted the main pipeline yet (this should happen by March 2016).

GCROA insisted that a number of these charges must be borne by GCD and not by residents, and this was generally accepted.

This meeting proved very useful for committee members to understand in much more detail the expenditure required to run Glenmarie Cove. Our development is complex in that the housing area is still only partly adopted by MPK and they provide some services but not all. We will need to provide extra maintenance services paid for by residents.

GCD still proposes to hand over maintenance and security in the first quarter of 2016. GCROA are currently obtaining proposals from Managing Agents, working on a budget, gathering information on the best appropriate internal structure and putting together a list of requirements for repair work to be funded by GCD.

GCD will need to inform all residents by letter and call a meeting, probably in December, to explain the hand over and to form a new Management Corporation of similar.

Statement on payment:–

GCD has agreed that the separate allocation of the security rates stated in the invoices to residents since April 2015 (90 RM) contradict the agreed budgetary allocation (that predetermined the current rates charges) that was agreed upon and effectively implemented since January 2014. To ensure future misunderstanding and/or dispute with this regards, GCROA asked that GCD must acknowledge in writing before GCROA advice the resumption of payment.

Roy Lee                              Jeff Harris
President                           Secretary

Posted in Miscellaneous | 4 Comments