Rogue management board and cladding grant funding?

by Readers Question

11:45 AM, 14th April 2021
About 4 weeks ago

Rogue management board and cladding grant funding?

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Rogue management board and cladding grant funding?

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

Jonathan

Comments

Wendy

11:56 AM, 15th April 2021
About 4 weeks ago

We are going through a similar experience of questioning our Board over their action/lack of action and transparency on this expensive subject. We have been considering similar remedies and would like to know the validity of your Board's comments? It sounds unlikely to be true, why would the coming and going of Directors affect what is in the pipe-line on timing or costs. Just feel this cannot be right?

moneymanager

13:52 PM, 15th April 2021
About 4 weeks ago

I don't see the relevance of the individual Board members as it is the RTM company that is making the application not them personally, any delay is more liekly to come from unfamiiarity with the process, being aware of deadlines is though critical.

Incidentally re "waking watch", we have had funding approval for an intermediate installation of a linked alarm system and are now just waiting confirmation from the fire service that they will accept that instead of the WW which not all services have, government (i.e. the taxpayer) is spaffing nearly £400k on just that for this one building, you shoud investigate that avenue too.

Sean Martin

5:09 AM, 19th April 2021
About 3 weeks ago

Ive just spent 2 years working the roll out of EWS surveys for a major player in the PBSA sector. They want to obtain all of the relevant info they can, before lodging the survey. Only actually completing the process when disposing of an asset: The limited number of surveyors carrying the right level of insurance are so thinly spread, and proportionately expensive. My advise, complete the process for anything over 11m now. Dont wait.
If you are managing resi blocks subject to section 20 - the discussion needs to be around whether these works would be an improvement rather than remediation...how quickly it needs to happen, whether there are sinking funds - and the landords appetite to contribute::...


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