Page 486 - (A) Mammoth (998pp)

We are therefore short of £6756.25
If we only collected an additional £1000 x 9 in the September Quarter, it would only leave £2243.75 in Reserves to cover any additional works contingencies or miscellaneous emergency repair costs etc until mid/late January 2015 or even early/mid February 2015 - not sufficient.
By requesting the full £2000 x 9 in the September Quarter, Reserves will be adequately funded by £11,243.75 until the next demands in late December 2014 (25 December 2014, payable by mid January 2015 or later if any late payers). And most importantly, there will be no requirement for Management to raise the 2015 Quarterly Demands by a significant amount, but a reasonable, sensible and affordable (by all) amount.
I hope that makes clear the financial situation and do please recall, Management had sourced a quote from Benitor for £98,948 requiring no additional funding but some Lessees, including you I recall, rejected Benitor's quote in favour of their preferred A.R.Lawrence £105,000, so necessitating additional funding of £2000 per lessee, all exactly as pointed out by Management in all the published final Section 20 Notices.
Mr Kelly and I have a meeting tomorrow at which time I will discuss with him his responsibilities etc. As previously made clear, any problems or queries should firstly be addressed to me. Neither the building contractor nor Mr. Kelly will want to hear from you directly. Understood. You can make comments in the book made available for that purpose and either myself, Mr Kelly or the contractor will get back to you with a solution/comment/apology as the case maybe.
I strongly suggest you allow Management/the Contractor and whoever else who knows what they're doing to progress the works in hand to the satisfaction of all concerned.
Paul Brown-Constable / +44 207 589 7502 Mbl: +44 798 33 33 543 on behalf of the Directors of
MITRE HOUSE MANAGEMENT LIMITED
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7 Mitre House / 124 Kings Road / Chelsea / London SW3 4TP www.mitrehouse.org / email: management@mitrehouse,org
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