Page 377 - NEW FINAL 616 BIG BAD BEGG

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Mitre House Management Ltd studio@graffiti.biz
Mitre House_Final accounting in brief
1 October 2014 20:01
Graffiti Editions Ink/Designers studio@graffiti.biz
Karupiah Segar segar_9@hotmail.com, Leoni-Sceti Maria mleonisceti@gmail.com, Riad Samya riadsf@gmail.com, michele Hillgarth mhillgarth@gmail.com, Leigh-Pemberton Christopher clp@sw12group.com, Fortunati Diego & Susanna diego.fortunati@baml.com, Lorna Raby lornaraby@icloud.com
And before anybody replies to the Section 20 Notification and letter, please note:
The situation is childishly simplistic but I regret it will require those lessees who have caused the grief to sort out amongst themselves - Management have done all they can do to explain the situation and consequences of their actions.
We strongly advise Flats 1, 3, 4, 5, 8 and 9 have a pow-wow and start singing from the same hymn sheet - at present you appear to be yet again, disorganised, dysfunctional and disorientated.
Appoint yourselves one spokesperson to correspond with Management (and advise who that is to be) as opposed to individually. It's a straightforward question requiring one or other of the following answers:
NO monies due or requested voluntarily will be paid, or
YES agreed, ALL monies due and requested including voluntary will be paid by Monday 6th October midday.
We do not wish to receive any individual requests/queries or comments. They wiil be ignored.
1- We have an agreed contractual £105,019 to pay out (see Section 20 dated 22 June 2014)
2_ We have ever only had £98,262.75 available in Reserves (see Section 20 dated 22 June 2014)
3_ We are therefore short (meaning overdrawn, in debit, not enough money to pay) by £6756.25
4_Consequently it was agreed that all nine lesses would contribute additional funding to replenish Reserves of £2000 each. (see Section 20 dated 22 June 2014)
5_Consequently, Reserves, after payment of the £105,019 would total approx. £11,243.75 (multiple email announcements)
6_This £11,243.75 is required to cover unexpected additional contingencies in the £105,019 budgeted works AND any unforeseen emergency expenditure at Mitre House, such as the lift, plumbing AND AS WE HAVE NOW EXPERIENCED AN EMERGENCY REPLACEMENT MAIN COLD WATER STORAGE TANK.... for £7810.80 (or £867 per lessee) (multiple email announcements)
7_Had all lessees paid their £2000 dues as they initially agreed to do, there would not have been a reason to call on lesses for immediate voluntary contributions towards the replacement tank, but simply their agreement to utilise the funds without the necessity for a lengthy Section 20 and a far cheaper option than at a later stage due to a scaffolding requirement. (multiple email announcements)
8_The full and final cost of the Tank could have been requested (and required to pay) in the December Quarter. (multiple email announcements)
9_I hope that is now abundantly clear, makes sense and will be appreciated as being NO FAULT OF MANAGEMENT but only those defaulting lessees who have caused some lessees untold grief, time and aggravation.
10_Hence the Section 20 and subsequent delay and exhorbitant cost in due course. Don't say you weren't warned.
In summary - those lessees that have paid funds for tank or communal should supply us with their bank details and refunds will be issued within 36 hours of receipt. Any lessee who paid by cheque should cancel it forthwith as it will be destroyed.
Confused.... you ain't seen nothin' yet! Visit Mitre House on 21 November and you'll think works haven't yet commenced!
Please NOTE: rear scaffolding goes up this coming Sunday - so it'll be a bit disruptive.
Paul Brown-Constable / +44 207 589 7502 Mbl: +44 798 33 33 543 on behalf of the Directors of