11:45 AM, 14th April 2021, About 3 years ago 3
Can anyone provide some guidance regarding The Private Sector ACM Cladding Remediation Fund? We are a residents group with apartments in an 8-floor building.
We are extremely dissatisfied with the way the current management board (one individual in particular) have been running our affairs, and we are trying to force an EGM so that residents can either choose to retain the existing board or vote one or more out.
The Board are aware of this and have written to residents saying that: “if the Board is disrupted (new members added or existing ones removed) during the cladding process/funding application, a new funding application would be required to be submitted and approved before the deadline. If this process is not completed each resident will be liable to pay their contribution towards the cladding works as opposed to obtaining government funding. This will result in approximately £60-70k costs to each resident on the estate as an additional cost on top of the service charge.”
By forcing an EGM at this time, the new board will also be causing approximately 6-12 months’ worth of delays to the cladding remedial works/funding application which will mean again more costs to all residents via a longer waking watch being required estimated costs of £75-£150k.
The existing board does not want to incur any unnecessary costs or delays to residents which will occur if disrupted
We do not know if they are simply scaremongering and trying to spread fear, so new directors aren’t voted in or whether what they assert is true. Based on what’s set out above, can we still go ahead with our desired EGM, or should we suspend this action?
Thank you in advance for any replies
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