[200William-EC SP67851] A comment re our levies

[Matthew Perkins - Private]

I agree.  I have saved the strata at least 5k last year through 
rejecting inflated quotes or things we did not need in the BMC and I 
have saved the strata 7k going forward on building managers in the 
upcoming year. A couple of years back i saved us $10k on fire because I 
picked up incorrect information from the fire contractor.  I have asked 
multiple times to change the building fire contractor from the most 
expensive guys on the block newsound and yet newsound are still engaged. 
I can only ask I cant force STM to not use newsound. Im sure we also 
remember when i located PIa's fraudulent invoices as well in the strata 
and saved us god knows how much.   I also bring all major expenses in 
the BMC to the EC for discussion.  I hope there are more savings to be 
made but im no expert in building budgeting.  The engineers are telling 
us we are not putting aside enough money do we need new engineers ?  Do 
we need a meeting to go through the budget ?  Im happy to help if i can.

Matt




On 19/11/21 9:21 am, Brook Beves wrote:
>
> Thank you Craig and a truer comment could not be made.
>
> The levies within this strata have escalated to a ridiculous 
> exorbitant extent that it deters any prospective purchasers resulting 
> in a negative impact on the value of each unit.
>
> The last AGM fiasco saw levies skyrocket without any prior warning or 
> room for discussion amongst proprietors.  We are told the same 
> pathetic excuses that its the result of the “rising cost of things”.
>
> Where funds are required for capital works, a proper consultation 
> should be undertaken and funds derived from a special levy, which is a 
> common process with stratas.  Not tacking them on to the Capital Works 
> Fund without any explanation.
>
> You correctly state Craig that these budgets should be thoroughly 
> analysed and approved well before any enactment.
>
> Brook Beves
>
> *From:*ec-bounces at 200william.com [mailto:ec-bounces at 200william.com] 
> *On Behalf Of *Craig Laforest
> *Sent:* Friday, 19 November 2021 8:13 AM
> *To:* ec at 200william.com
> *Subject:* [200William-EC SP67851] A comment re our levies
>
> Hello committee,
>
> I went along last night to Richardson and Wrench’s auction of 402/200 
> William Street.
>
> It was passed in and the comment was made to me by one of the agents 
> that the reason it didn’t sell is the high levies, which we know we 
> have. It will be a great exercise when we can go through our budgets 
> in the future to see how we can make our levies more competitive 
> compared to other buildings which also don’t have a pool, Concierge etc.
>
> We’ve talked about obtaining competitive quotes for any regular 
> expenses and perhaps we have to do more of this in the future. Other 
> than capital expenses to maintain the building, we have to somehow get 
> our expenses down.
>
> Cheers,
>
> Craig
>
>
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-- 
Matt Perkins
0403571333
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