Meeting with all Buyers on 27July2008

Meeting was held on the 27July2008 at estana court dewan at about 11am. Turn out, as usual was very very poor. Anyway the meeting did proceed. Followed by some light refreshment.




AJK and MC rep explaining issues to buyers.

Few points were raised.

1) Inquiries about the new JMT( joint management team). There was no news about the JMT or about Rimbun Capital. PPPEC will proceed to represent the buyers interest. According to YDP, there was no one from Rinbun Capital had approached him.



2) News is that Rimbun Capital is legally hv acquired the rights to develop the Block B area but... since the 5% StakeHolder money, abt RM550K been used up by MC without any care or saving for emergency use for estana court's maintenance, it would seem that Rinbun Capital may not have much interest in Block A.



3) MC will continue till the end of its contract.(2years).

5) Water issue.

1. MC rep said he paid with his own money for the bulk meter water bill as the collection from the individual water bill was not enough to pay to Syabas. Since this is a ridicules claim, some buyers demanded the names of those who have not been paying their water bill be made public by posting on the notice board. The individual water bill money collected by MC should be more that enough to pay for the bulk meter water bill as persatuan is charging 12cent more for each cubic meter used by the tenants. syabas charges only RM1.38 for each cubic meter shown in the bulk water meter. Persatuan charges RM1.50 for each cubic meter used by individual units.


2. Tenants suggested individual water meter reading be taken over by Syabas. So that the work scope of MC will be reduced, and also the benefit given by the new Selangor Government reaches all the citizens.e.g 20cubic meter free.


3. TYDP said talks with syabas already had taken place regarding the individual meter billing. YDP will meet syabas to talk over the matter with the relevant people. Issues regarding the maintenance of the water pump and the electricity usage will be discussed.
   

6) Maintenance Fee

1. Too much outstanding maintenance service fee to MC.
   It was highlighted that it the MC fee is too high. The collection of maintenance fee is not enough to support the demand by MC. Some buyer suggested MC to withdraw their service as persatuan cannot afford to pay them.
2. TYDP, Col.Zaini informed that a deal with MC was reach that can help out the situation. a) All the rental from EZnet will be given to persatuan. abt RM2.5K. b) All the public telephone rental will be given to persatuan. abt RM60. c) Part of the JR agency renting collection will be given to persatuan, the sum was not revealed by MC.
3. All the rental income will go into persatuan sinking fund.
4. MC was asking RM7.5K for their service of maintaining the building such as cleaning.
5. Common area electric bill(est. abt rm6k), security guard(est. abt 3.5k), water bill(est. abt rm7k) will be paid by persatuan.
6. Individual maintenance fee was calculated again and it was decided to maintain the resent fee raise. RM110 (rm10 for sinking fund)for unit from level 1 to 10 and RM 150(rm10 for sinking fund) for shop lots and penthouse.