Page 85 - The AUDIO Affair pdfs

recent quote. I would add that it was ONLY Flat 9 who have even replied to the (A) and (B) query.... (see
below to refresh your memory) no one else, so who is the majority - please let me know. WHO DOES AGREE TO THESE ADDITIONAL FUNDS BEING RAISED, no matter this year or next.... WHO AGREES?
I hope the above information brings forth some direct comment from Lessees. Management can do no more than explain the finances for present.
Paul
PS I couldn't open all your attachments, only the WADE Quote was operable, the three others were not, so please resend if possible... probably to all.
Section 20_2 QUOTE...l/h.pdf
Dear All Lessees,
To finalise the scheduled Internals & Externals please email me back with your firm confirmed confirmation (or NOT) to one of the following:
A_ to adopt WADE DESIGN PARTNERS's 23 January 2013 INTERNALS quote totalling £51,647.76
including VAT which will require ALL nine lessees agreeing to pay an additional £5369. 55 into Reserves by latest 1st July this year. Both Internals & Externals will then commence as scheduled on 1st September this year.
B_ to proceed with (A) above BUT with no requirement to add to Reserves, and to delay the EXTERNALS until next year 2015. By doing so, the next five Quarterly Demands (June, September, December 2014, and March and June 2015) will rise from £650 per quarter to £1,975 per quarter. (Michele, see Notes below). That is a Total outlay over the next five Quarters per Lessee of £9,875 as opposed to date of £3,250 (ie an
additional £6650 per Lessee to cover the Externals in 2015 - conservatively approximated at £78,468. 80 incl Vat - with the balance due to Externals contractor to be paid from the residue of the Reserves once the Internals have been paid for in 2014.
Answers please within 7 days as we have to make a final decision on receipt of Wade's full quote/tender for both Internals/Externals on 15 May.
That's it, Michele - can't be fairer than that and in truth there can be no further discussions as these are the only two alternative arguments over and above Management proceeding as scheduled on 1st September using available reserve funds and staying within affordable budget for Internals.
We have to sign contracts with one contractor by 31st May, and once signed and deposits/fees etc paid, there's no turning back.
Note:
i) I have purposely raised this from £1,724 to £1,975 as we would have to take into account inflation, a revised set of EXTERNAL Quotes (all at present expire on 31st July) and most importantly having some spare Reserves for other matters needing attention at Mitre House between now and September next year.
ii) By delaying yet another year, Freeholder permission or not (no chance anyway) - if anybody slips on the fire escape, or a door falls off and injures someone, or a brick falls from the roof - you, me, Jamil and Segar will end up in the Bastille followed by a guillotining at La Place de la Concorde - so beware!
iii) I appreciate that Wade might come in with a cheaper EXTERNALS quote than £78,468. 80 incl Vat