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Zombie Witch Randy

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Feb 9th, 2016
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  1. Tom Ravenblack <tomravenblack@gmail.com> 10 February 2016 at 09:43
  2. To: Randy Edwards <edwardsrandy6@gmail.com>
  3. Thank you for your response. It sounds like the loan is the best way to go. Do you have contact details for the other members you mention so I may contact them and ask them the same questions? But I found your contact details on the website. Also who is this? He has nominated for all the positions, why is that?
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  5. Thanks
  6. Tom
  7.  
  8. On 10 February 2016 at 07:40, Randy Edwards <edwardsrandy6@gmail.com> wrote:
  9. Hi Tom,
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  13. The special levy is raised immediately to pay costs. It was originally anticipated that top floor rectifications for D/E would cost $500,000 - 1,00,000 which would have required each owner to be levied $5,000 - $10,000 in a single year. This would probably need to be repeated again this year at a minimum, so owners would have to find an extra $10,000 - 20,000 within a 24 month period. Assuming all owners could find this extra money, the costs would be completely paid with no additional cost. However, if a $1,000,000 were used, payments over the 7 years would be approximately $190,000 p/a, or about $2,000 per owner per year. Interest over that period would be approx. $330,000. The loan terms, however, are a "draw down" loan which means we only pay interest on the funds we have drawn down, not the full amount. It is possible that the owners may take out the loan, but repay it earlier to save on interest, but this would require higher special levies.
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  17. In 2007 - 2008 I helped secure a less expensive Caretaker which saved the owners at Cathedral Place around $300,000 per year. Since that time, we have had a variety of caretakers, but the cost has retained this annual savings, so that since 2009, the owners have saved in excess of $2.2 million in caretaking fees. I was instrumental in getting the fire rectifications underway by working with the Fire Safety auditor, the architect who drew up the scope of works, and one of the builders (Bray Construction) who completed the work in 2 of the 5 BUPs. Taking the recommendation of the architect, we opted for a "Cost Plus" approach, and as a result, Bray construction made significant savings for B/C (around $600,000 in savings) and F (around $250,000 in savings) just on the top floor alone. I also made sure that Cathedral Place was brought up to date on the various QFES fire regulations, many of which had been neglected by previous Caretakers going all the way back to the original construction of the complex, and by doing so, we avoided heavy fines from QFES. I have ensured that some of the BUPs (those willing to take notice) now have a Fire Safety Advisor who will ensure that future compliance requirements by QFES are met and records are adequately kept. I am currently working closely with our solicitors to recoup unpaid levies from 3 of the bodies corporate, one of which is presently before the courts. I have also pushed for the replacement of the automatic gate in the visitor's car park to ensure that we receive the correct income from those using that car park and it does not become a financial drain on owners. I am semi-retired and spend around 8 - 10 hours per week donating my time to body corporate issues, and although I don't presently live at Cathedral Place (I did so for 8 years),my wife and I will be returning to live there in July.
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  21. Finally, I acknowledge that I provide consultancy services to Cathedral Place Management, and this relates primarily to helping them understand the legislative issues related to the two Acts (Mixed Use Development (MUD)and Building Units and Group Titles Act (BUGTA)) and how they can navigate these two acts and their interplay in a place like Cathedral Place. Some see this as a potential conflict of interest, however, I do this because they represent the majority of owners at Cathedral Place and they are committed to the same goals I have -- a well functioning, cooperative spirit amongst the 7 bodies corporate.
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  25. My personal suggestions for your voting for Committee members would be as follows:
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  29. Chairperson Tony Rich
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  31. Secretary Kathleen Chan (CPM)
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  33. Treasurer Randall Edwards
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  35. Committee: Shuai Min Qing (CPM)
  36.  
  37. Adam Freeman
  38.  
  39. Shane Coote
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  43. CBC Rep: Anthony Rich or Kathleen Chan
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  47. I encourage you to get to know the operations of the body corporate, and commend you on seeking information from potential committee members. Many owners do not take the time or the effort to find this information. After the AGM, I would encourage you to attend Committee meetings to get some idea of both the committee members and the issues facing your BUP.
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  53. Randy Edwards
  54.  
  55. 0411 486 743
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  59. From: Tom Ravenblack [mailto:tomravenblack@gmail.com]
  60. Sent: Wednesday, 10 February 2016 5:33 AM
  61. To: Zombie Witch
  62. Subject: RE: Annual Meeting notice
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  66. I bought a place in Canterbury I believe. Can you tell me more about the cost difference of the special levy vs the loan? And the activities you have done for the body corporate highlighting on your accomplishments? Lastly who else should I vote for on our BUP?
  67.  
  68. Thanks
  69. Tom
  70.  
  71. On 9 Feb 2016 10:48 pm, "Randy Edwards" <edwardsrandy6@gmail.com> wrote:
  72.  
  73. Hi Tom,
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  77. Happy to answer your questions, but could you please tell me which BUP you are enquiring about in terms of the AGM? I am presently the chairperson of F (Duhig) and the chairperson of the Community Body Corporate. I have been actively involved in the bodies corporate at Cathedral Place for most of the past 11 years. I have also represented owners in other BUPs such as B & C, and D & E. My goal for Cathedral Place is to get all bodies corporate (there are 7 of them in total) to work together collectively for the good of all owners. There was a time when this occurred, but unfortunately this is no longer the case with owners in some BUPs wanting to pit themselves against others. My personal view is that this is not healthy for Cathedral Place as a whole, nor is it such for individual BUPs who inevitably end up costing owners more because they miss out on the economy of scale afforded by a cooperative spirit and the sharing of major costs (i.e. caretaking, security, etc).
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  81. Most BUPs have approved a loan to assist owners with the costs of fire rectification. All BUPs have had to engage in fire rectifications for their top floors, and a further audit and work will be required on the lower floors. Duhig has completed its audit for the lower floors and the scope of works has been drawn up and put out for tender/quotes. The other BUPs will have to do the same, but generally are dragging their feet. Some, it would appear, have not even started considering the next stage. Costs for such are impossible to predict before the audits are completed and scopes of works drawn up and tendered or quoted. However, without a loan, many owners would face special levies of around $10,000 (very rough estimate; could be as low as $5,000 or as high as $20,000) within the next 12 months. A draw down loan has been taken out by F, B & C, and soon D & E, which means money is only borrowed as needed and interest is only assigned to the funds drawn down. This will spread the cost over a 7 year period which will ease the burden on owners, but will also increase the cost because of interest. While it is difficult to find the balance, the Duhig Committee has tried to make recommendations to its owners that take into consideration all owners.
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  85. If you have any further questions, I am happy to answer them, subject to your indicating in which BUP you are an owner.
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  88.  
  89. Randy Edwards
  90.  
  91. 0411 486 743
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  94.  
  95. From: Tom Ravenblack [mailto:tomravenblack@gmail.com]
  96. Sent: Tuesday, 9 February 2016 10:26 PM
  97. To: Zombie Witch
  98. Subject: Annual Meeting notice
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  102. Can you tell me why I should vote you in on our committee and what would you be doing for us if elected? And tell me more about the fire rectification loan? I am asking all other nominees the same questions.
  103.  
  104. Thanks
  105. Tom
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