n.s.w. pre-purchase inspections · suite 1d, 79 oxford street, bondi junction, nsw, 2022 phone:...

Members Instituteof Strata Management

www.nswprepurchase.com.au

Suite 1D, 79 Oxford Street, Bondi Junction, NSW, 2022Phone: 9387 7048, Fax: 9388 2423, DX 12052 Bondi Junction

Members MasterBuilders Association

N.S.W. PRE-PURCHASE INSPECTIONS

Building & Pest Inspections and Strata Searches

STRATA INSPECTION REPORT

Strata Scheme NumberDeleted

An Inspection of the Owners Corporation Records was conducted on:

Name DeletedPurchaser:

Name DeletedClient:

121Lot Number:

Address DeletedProperty Address:

29th August, 2006 (Annual General Meeting).Minutes Sighted To Date:

28th February, 2005 (Extraordinary General Meeting).Minutes Sighted From Date:

9.30amTime of Search:

DateDate of Search:

NSW Pre-Purchase Strata Searches

MANAGING AGENT / SECRETARY

No.Appointed by Strata Schemes Board/Adjudicator:

DeletedProperty Stock and Business Agents Licence No.:

Yes, dated 28/2/2005.Written Agency Agreement:

Unable to determine.Amended Delegation of Powers, Authorities, Duties &Functions:

Yes.Appointed By Owners’ Corporation General Meeting &Delegation of Powers, Authorities, Duties & Functions:

Phone No. DeletedTelephone No.:

Address DeletedAddress:

Name DeletedName of Managing Agent:

CERTIFICATE OF TITLE

Unable to determine.Subdivisions:

Unable to determine.Unit Entitlement of UtilityLots:

37Unit Entitlement of SubjectLot(s):

9,994Aggregate Units ofEntitlement:

284Number of Lots in Scheme:

222No of Units in Scheme:

No.Sighted:

NSW Pre-Purchase Strata Searches Page2

BUILDING

Unable to determine.Approximate Percentage of Owner Occupied Units:

20 years.Approximate Age of Building:

Yes.Was Building New at Time of Registration of Strata Scheme:

Nil.No. of Lots in Name of Original Owner:

Unable to determine.Original Owner:

21st March, 1986.Date of Strata:

INITIAL PERIOD

No.Is the Scheme in the Initial Period:


STRATA ROLL

Yes.(viii) Insurance Details Included:

Yes.(vii) By-Laws Included:

Yes.(vi) Unit Entitlements Recorded:

Yes.(v) Address(es) Recorded:

Yes.(iv) Original Owners Recorded:

Yes.(iii) One Page Per Lot:

Yes.(ii) Names Recorded:

No. Strata Roll is maintainedin a computerised format.Only details relevant to Lot121 were inspected.

(i) In Book Form:Is a Strata Roll Maintained:

Not Applicable.Details of First, Second and Third Mortgagees in Respect ToSubject Lot(s):

No.Are There Any Mortgagees of the Lot Shown on Strata Roll:

Address DeletedAddress of the Owner(s) Shown on Strata Roll:

Name DeletedName of the Owner(s) Shown on Strata Roll:


OWNERS CORPORATION ATTITUDE REGARDING ANIMALS

Not applicable.

Details of Approval/Refusal:

No.Have Animals Ever Been Refused/Approved:

BY LAWS

Note that By-Laws 1 - 29 as per the Strata Titles Act 1973, applying to Strata Schemes registered prior to the StrataSchemes Management Act 1996, have been revoked. By-Laws 1 - 11 which could not be amended/repealed are nowincluded in various sections of the new Act, while By-Laws 12 - 29 which could be amended/repealed are now foundin Schedule 1 of the Strata Schemes Management Act 1996 (being By-Laws 1 - 19).

Strata Schemes registered after the introduction of the Strata Schemes Management Act 1996 will be able to adopt oneof the 6 Model By-Laws as per the Regulation (Part 8) and/or amend, repeal or add additional By-Laws at the time ofregistration of the Strata Scheme in order to provide for issues specific to their individual requirements.

It is recommended that a search of the Common Property Title be made and a copy of all dealings be obtained toascertain which By-Laws have been adopted by this Strata Scheme.

1) 7/8/1986: Repealed By-laws 12-29, added 12-742) 29/3/1988: Accepted by-law regarding sub-committee3) 22/3/1993: Accepted by-law regarding keeping of animals4) 3/6/1995: Repealed by-law 29, added by-laws regarding common property walls, alterationsand refurbishments of lots, intercom monitor and ancillary cables.5) 22/4/1998, 17/2/1999, 13/5/1999: Repealed all by-laws registered on 7/4/1986, except for 16,18, 62, 65, 67, 72 & 75 and added By-laws 1-79.6) 30/4/2002 and 29/8/2003: Accepted By-laws 80 to 88.7) 23/8/2005: Accepted by-law regarding installation of glass sliding balcony doors for Lot 179.

A.G.M. 29/8/2006: Resolved to create a by-law regarding renovations to Lot 61.Resolved that by-laws 16, 18, 62, 65, 67, 75 and special by-law 17 be repealed and replaced.

Details of Any By-Laws:

Unable to determine.Are Any By-Laws Approved But Not Registered:

1) W2803052) X5562083) I4675384) O4018495) 59357116) 99727867) AB801986

Dealing Numbers:

Yes.Additional By-Laws Registered After Registration of theStrata Scheme:


NOTICES AND ORDERS

Not applicable.Details of Above:

No.Applications To or From Authorities:

Not applicable.Are Details of Any Orders Retained:

No.Court Orders/Legal Action:

No.Notice(s) Served on an Owner/Resident:

Not applicable.Order(s) by the Adjudicator:

No.Application(s) to the Strata Schemes Adjudicator:

Are There Or Have There Been in the Last 3 Years:

HARMONY

Executive Committee Meeting 25/7/2006: Resolved to investigate issues of excessive noise froman air conditioning unit, affecting Unit 1803.

What Evidence Is There in Respect to the Harmony of theBuilding/Breaches of By-Laws in the Last 2 Years:


INSURANCE

Chubb Insurance Co.7Ace Insurance Limited.6HSBC Engineering Insurance Limited.5Q.B.E. Insurance Limited.4C.G.U. Workers’ Compensation (NSW) Limited.3Chubb Insurance Co.2Chubb Insurance Co.1

Current Insurers:

31/7/2007TBACRIME238,830,6007General Liability:

13/3/200723,980.00TBA5M6Professional Indemnity:

26/9/20078,813.855003208012090M5Machinery Breakdown:

31/7/2007Included829371100k/1k4Personal Accident:

31/7/2007TBA82937110M4Office Bearers:

7/7/2007175.0020WOR8900439As per Act3Workers Compensation:

31/7/2007TBA93390005730M2Legal Liability:

31/7/2007Included932065072,383,0601Common Contents:

31/7/2007Included9320650721,039,0001Loss of Rent:

31/7/2007189,612.5693206507238,306,0001Building:Renew Date:Premium:Policy No.:Cover:Co:Policy:

No.Could Payment of Insurance Be Proved:

$238,306,000Amount of Valuation:

30th May, 2006.Date of Valuation:

Yes.Has an Insurance Valuation Been Conducted in the Last 5Years:

Yes.Do the Minutes Confirm the Levels of Insurance:

Yes.Certificate of Insurance Sighted:

An excess of $5,000 applies on all building claims.An excess of $5,000 applies on all legal liability claims.An excess of $1,000 applies on all machinery breakdown claims.An excess of $25,000 applies on professional indemnity claims.

Details of Above:

Yes.Excesses:


MAINTENANCE LEVIES

A.G.M. 29/8/2006: Resolved that contributions be determined as follows:Administrative Fund: $1,188,000.00 per annumSinking Fund: $343,750.00 per annumPayable in quarterly instalments in accordance with unit entitlements, commencing 1/7/2007.

Levy Determination:

Yes.Is There Any Determination in the Minutes RegardingCurrent Levies:

31/12/2006Levies For Lot(s) Paid To:$0.00Other Fund:

$318.16Sinking Fund:$1,099.56Administrative Fund:Current Standard Levies for the

Lot(s):

Lot 121

No. However, consideration must be given to the Proposed Major Expenditure and the values ofthe Administrative and Sinking Funds.

No.Is There Any Evidence That There May Be a Special LevyStruck in the Next 3 Months:

Details of Any Special Levies Raised in the Last 5 Years:

No.Have Any Special Levies Been Struck in the Last 12Months:

No.Are Any Special Levies Currently Due and Payable:

Yes.Is a Levy Register Maintained:

No.Is the Sinking Fund Used for Apparently InappropriateExpenditure:

Yes.Is the Sinking Fund Separately Recorded:

Yes.Is the Sinking Fund Separately Levied:

43

Appears a special levy may have been imposed in 2004 to cover the cost of foyerupgrade works.

2Unable to determine.1


FINANCIAL DETAILS

Unable to determine.Sinking Fund: $1,901,608.3519/10/2006Unable to determine.Administrative Fund: $277,201.8219/10/2006

Banker:Balance:As At:Latest Financial Balance:

(brackets indicate deficit)

FINANCIAL RECORDS

We cannot state whether there has been compliance with the Property Stock and Business AgentsAct.

Yes.Is There Any Evidence of an Income Tax Return Lodged inthe last 12 Months:

Yes.Are Annual Budgets Prepared:

Yes.Are There Auditors Appointed:

Unable to determine.Retained for a period of 6 Years or Since Registration ofthe Strata Scheme:

Yes.Are Financial Statements Prepared:

Yes.Proper Accounting Records Kept:

PROPOSED MAJOR EXPENDITURE

This Strata Report only reports on Proposed Major Expenditure contained in the Minutes ofMeetings of the Owners Corporation and in other records of the Owners Corporation provided to usfor inspection going back three years.

Executive Committee Meeting 31/1/2006: Resolved to accept for $22,524.00 to cover the cost offire door rectification.Agreed to allocate $25,000.00 towards the installation of a new access control system.Executive Committee Meeting 25/7/2006: Agreed to investigate tree roots to level 9 - causingwater penetration and drainage issues.Agreed to accept quote for $132,405.00 to cover the cost of balcony soffit works.


FINANCIAL EXTRACTS

Balance Sheet attached.

1,120,000.00SUBTOTAL:

27,890.00Surplus/Deficit:

138,400.00Utilities:

12,100.00Telephone:

55,000.00Shared services contributions:

234,000.00Services:

83,000.00Repairs:

109,100.00On site management:

66,870.00Management:

142,300.00Maintenance:

221,300.00Insurance:

80,500.00Administration:EXPENDITURE - Administrative:

1,432,500.00TOTAL:

312,500.00Levies - Sinking Fund:

1,120,000.00Levies - Administrative Fund:INCOME:

1/7/2006 to 30/6/2007Latest Available Budget Dated:BUDGET:

312,500.00SUBTOTAL:

(189,000.00)Surplus/Deficit:

25,000.00Services:

451,500.00Replacements:

25,000.00Maintenance:EXPENDITURE - Sinking:

1,432,500.00TOTAL:


BUILDING

$1,250.00Windows:2005$2,056.00Intercom:2005$2,165.00General equipment:2005

$770.00Equipment purchases:2005$1,533.00Electrical repairs:2005$1,702.00Security equipment:2005$2,073.00Painting:2005$1,736.00Locks:2005$3,922.00General building repairs:2005$4,592.00Fire protection:2005

$765.00Exhaust fans:2005$9,007.00Doors:2005$2,572.00Security system:2005$4,060.00Cooling tower:2005$1,235.00Balconies and rails:2005

$11,805.00Air conditioning:2005$1,029.00Electronic access:2005

$98,865.00Legal fees:2005$17,172.00Grounds:2006$3,815.00Security equipment:2006$6,400.00Painting:2006

$12,406.00Lift replacements:2006$12,600.00General equipment:2006

$208,902.00General replacements:2006$407,734.00Foyer upgrade:2006

$2,800.00Painting:Jul-Oct06$84,099.00General replacements:Jul-Oct06$97,022.00Lift refurbishment:Jul-Oct06$2,848.00Electrical replacements:Jul-Oct06$4,507.00Fire equipment:Jul-Oct06$2,465.00Electrical repairs:Jul-Oct06$1,525.00Doors:Jul-Oct06$4,304.00Insurance claims paid/excess:Jul-Oct06$3,315.00Professional fees:Jul-Oct06$6,753.00Legal fees:Jul-Oct06

COST:STRUCTURE:YEAR:

Evidence Indicating Major Problems, Faults or Difficulties in Repairs Conducted Over thePast 3 Years Exceeding $500:


$3,220.00Engineers fees:2004$1,301.00Ceilings:2004$5,670.00Carpet replacement:2004

$40,086.00Building rectification:2004$3,500.00Legal fees:2004

$759.00Television antenna:2004$3,740.00Security system:2004$4,662.00Lift upgrade:2004$1,054.00Lift repairs:2004$3,664.00Emergency lighting:2004$2,830.00Fire protection repairs:2004$5,242.00Air conditioning repairs:2004$1,498.00Windows:2004$2,726.00Pest control:2004$2,315.00Locks and keys:2004$2,420.00Glazing:2004$1,843.00General repairs:2004$3,483.00Garage doors:2004$4,819.00Electrical maintenance:2004$4,944.00Doors:2004$2,050.00Consulting fees:2004$1,139.00Balcony railings:2004$5,772.00Insurance claims:2004$5,908.00Legal fees:2004

$15,285.00Equipment maintenance:2005$1,583.00Security/access system:2005$3,401.00Pool and spa equipment:2005$1,345.00Paving:2005

$12,159.00Landscaping:2005$780.00Irrigation systems:2005

$2,400.00Doors:2005$21,060.00Consulting fees:2005$2,097.00Engineers fees:2005$1,045.00Ceilings:2005$7,726.00Building rectification:2005$3,262.00Intercom:2005$1,002.00Tennis Courts:2005$3,587.00Plants and trees:2005$3,330.00Locks and keys:2005$2,307.00Glazing:2005$1,203.00General repairs:2005$2,350.00Garage doors:2005

$49,329.00Insurance claims paid:2005


$3,230.00Television antenna:2004$825.00Equipment:2004

$5,877.00Security/access system:2004$9,091.00Intercom:2004$4,530.00Extinguisher hoses:2004$1,136.00Ventilation:2004

$35,910.00Pool and spa tiling:2004$2,265.00Gates:2004$2,120.00Painting:$5,802.00Consulting fees:2004

$840.00Pumps:2004$2,064.00Plumbing repairs:2004

$775.00Sewers and drains:2004$1,190.00Drainage:2004$6,275.00Hot water service:2005$2,173.00Pumps:2005$4,337.00Plumbing:2005

$833.00Sewers and drains:2005$4,658.00Sewers and drains (1/3/2005 - 30/6/2005): 2005$2,931.00Plumbing repairs (1/3/2005 - 30/6/2005):2005$8,388.00Hot water system2006

$10,000.00Plumbing repairs:Jul-Oct06COST:PLUMBING:YEAR:

$1,500.00Shower trays:2004$2,263.00Water penetration/damp proofing:2005

COST:WATER PENETRATION/SEEPAGE:YEAR:

Note: Where it is stated 2004, 2005 and 2006, this refers to thefinancial year of the strata scheme, from 1st July to 30th June.

Not Applicable.COST:ADJOINING PROPERTIES:YEAR:


OTHER MATTERS

Reflected by the Minutes of Correspondence.

See attached Summary of Contributions dated 3/5/2006 from Leary & Partners.

A.G.M. 29/8/2006: Resolved to lease out the area of common property known as Unit 902 for atwo year period, subject to certain conditions.

See attached Chairman's Address dated August 2006.

STRATACORP MATTER:E.G.M. 28/2/2005: Resolved to terminate Name Deleted as Managing Agents and appoint NameDeleted. A.G.M. 23/8/2005: Resolved NOT to offer Name Deleted $49,090.00 in settlement of the disputewith the owners corporation. Resolved that no offer should be made.(Note: It appears the dispute with Name Deleted relates to the termination of a contract before theexpiry date. Appears matter has now been resolved).

Note: We were presented with approximately 2,000 pages of correspondence for inspection. Due totime restrictions, a complete and through inspection of the correspondence files was not carriedout.Minutes prior to 28/2/2005 (prior to Name Deleted appointment), could not be located at the timeof inspection.

Director: NSW Prepurchase Strata Searches


IMPORTANT CONDITIONS WHICH FORM PART OF THIS STRATA REPORT

1. The information contained in this Strata Report has been obtained entirely from an inspectionof the Owners Corporation’s records provided to us at the time of our inspection. We areunable to warrant that all of the Owners Corporation’s records were provided to us at the timeof our inspection or that the information contained in those records is accurate and cannotaccept liability for anything omitted from this Strata Report because that information iscontained in the records of the Owners Corporation not provided to us for inspection or foranything which is inaccurate because of inaccuracies in the information contained in theOwners Corporation’s records provided to us for inspection or in statements made to us bythe Chairperson, Secretary, Treasurer or Managing Agent of the Owners Corporation.

2. This Strata Report only reports on information contained in the Owners Corporation’scorrespondence provided to us for inspection going back one year and in other records of theOwners Corporation provided to us for inspection going back seven years. If you wish us toreport on information contained in correspondence older than one year and in records olderthan seven years this can be done at an extra charge.

3. This Strata Report does not generally address those matters normally addressed in BuildingInspection Reports and Pest Inspection Reports and should not be used as a substitute forsuch reports. We strongly recommend that a Building Inspection Report and a PestInspection Report be obtained prior to the purchase of any property. This Strata Report isbased solely on an inspection of the records of the Owners Corporation provided for ourinspection and we do not carry out any physical inspection of the unit or of the building.

4. You should be aware that in some cases Strata Managers hold a "Pending" or "Work inProgress" (WIP) file which is not made available for strata inspection. Important informationwhich may be contained in such files will not appear in this Strata Report where the files havenot been provided to us at the time of inspection.

5. Where the Owners Corporation’s records provided for our inspection contain a notice or orderfrom Council requiring fire safety or occupational health and safety upgrade works to beundertaken this information is included in this Strata Report. However the absence of a noticeor order from the Owners Corporation’s records should not be taken as indicating that thebuilding complies with the Building Code of Australia in regard to these matters. Werecommend strongly that you speak to your solicitor or conveyancer about checking on thesematters with Council and, where appropriate, consultants qualified in these areas. It is notunusual for Councils to issue fire upgrade orders or notices on Owners Corporations andcompliance can be very expensive.

6. Them existence or absence of easements, rights of way and the like are outside the scope ofthis Strata Report. This information should be obtained from the title of the unit and of thecommon property through your solicitor or conveyancer.

7. We strongly recommend inquiry be made of Council, either directly by you or through yoursolicitor or conveyancer, to determine whether Council is considering any proposals forbuilding or development work that may be detrimental to the use or occupation or value ofthis property and whether there are any outstanding notices or orders against the OwnersCorporation. Enquiry about outstanding notices or orders against the Owners Corporationshould also be made of Sydney Water. Unless this information is contained in the OwnersCorporation’s correspondence records within the last twelve months which have beenprovided for our inspection the existence or absence of any such proposals, notices andorders will not be included in or form part of this Strata Report.

8. Unless otherwise stated, paid invoices dated earlier than the commencement of the currentfinancial year are not inspected and reported on in this Strata Report.


9. The pest inspection industry standard is that pest inspections should be carried out every 6 to12 months. If we report on the existence of a Pest Inspection Report among the OwnersCorporation’s records, the existence or contents of that Report should not be relied on if it ismore than 6 months old.

10. The Client acknowledges that he/she/they accept this Strata Report with all the conditionsstated therein.

DISCLAIMER OF LIABILITY TO THIRD PARTIES: This Report is made for the use and benefit ofthe Client named on the front of this report and no liability or responsibility whatsoever isaccepted to any third party who may rely on the Report wholly or in part. Any third partyacting or relying on this Report whether in whole or in part does so at their own risk.


Balance Sheet - Detailed

As at 1911 012006

Strata Plan

Current period

Owners' funds Administrative Fund

Opening Balance--Admin 51,164.96 Operating Surp!uslDeficit--Adrnin 226.036.86

277,201.82 Sinklng Fund

Opening Balance--Sinking Operating SurplusIDeficit--Sinking

Net owners' funds

Represented by:

Assets Administrative Fund

Cash at Bank--Admin Inveslmenls--Term Deposit 1 investments--Term Deposit 2 Petty Cash--Admin Receivabie--Levies--AUmin Receivable--Owners--Admin Receivable--Sundry Debtor--Admin

Sinking Fund Cash al Bank--Sinking Receivable--Levies--Sink~ng

Unallocated Money

Total assets

Less liabilities Administrative Fund

Accrued Expenses-Adrnin Creditor--Group Tax Creditor--GST--Admin Creditors--Other--Admln Deposks Received-Adrnin Deposits Received--Keys--Admin Prepaid Levies--Adrnin Provision--Annual Leave--Admin Prov~sion--Long Service Leave-AUmin

Sinking Fund Creditor--GST--S~nk~ng

Strata Plan

Unallocated Money

Total liabilitbs Net assets

Current period

19!lO12OC6 9:25 Page 2

SINKING i.I:\I) F O K t C 4 S T

SUMMARY OF CONTRIBUTIONS

10 YE.W PL.\K - 20 YEAR FORECAST : Starting July 2006

Datcd : 03 hlii) 2006 Fund Halar>ce <i_i March 2006: S2.038.06X23

Expected Period July to July Total Conrributior>st 1 Fund Balance* Requirenlznts

- 2006-07 S268,535 S51,338 52,250,696 2007-08 $28 1,964 S74.794 S2,5 1 ?:7 17

.- . 2008-09 $296,062 $ 132,989 . .- 62>7 12.132

-- 2009-10 S3 10,866 S !37.?74 ~- - $2:91~.533 I 2010-1 1 926,309 ~. . ~ 7 4 2 ~ ~ 1 7 5 S2.537,32 1 2011-12 5342,729 S756.800 S2,150.53; 2017-1.3 5 3 59.866 S603.6 15 S 1,954.88 1 2013-14 ~37?,85') SL74,89? Y2,097.839 2014-15 3396,752 9592.662 S1;813.941 201.5-lh I S116.590 5439,330 S1.865;303 2010-1' S437.419 I 51 78,624 - $2,170.404 2017-18 S350.290 1 S504,910 . .. S2: 173,307 2018-19 5482.255 S215,394 S2.491.321 2019-20 3506.367 Sl51,067 52,900.227

I 2020-2 1 5531,686 S 1.350,285 SZ: 137.9 14 .. 1 ?03 1-22 - S558,270 S 1,469.708 S1>2S5.577 2022-23 5586.183 51,018,335 S915.481

- 2023.24 S615,493 S192,373 9 1.403.809 Sf1.16~267 5264,728 3024-25 S1,853.761

2025-26 5678.581 S383,29l $2.220.892 .. .

2026-77 5712.510 51,432,625 9 1.576,?06 3027.3s 5748,135 S7.<0,703 S 1.672,839 2028-2') 3785,542 5 3 18,346 52,223, 195

- 2020-j0 5824.8 19 51.154.019 S1.981.lI3 1030-3 1 S866.060 1 S1.978.5Sl S960,4?6 703 1-32 1 S909,36Z 51.922;305 S43.803 I

Le;le' 9 ( 5 res~ocdrng tc the zarz and atrentlan cf our new gardener a!;17?~~1: - . :;.:;2 - . : , d ld + ?-IS\.- s tserv~c rlair:ellsrl:e azt.vity c 2 d ~ e d by invasrve tree r o ~ s ( 1 v;:': sc- ne~essay !n re:r?cY:s and resiace S2ne rn3re :fees

carcrusror. 1 ;~::d!c! 11x9 tc ! y a n k z!' r ~ e ~ h z r s of the Execul~ve C0mmltte2 alcng Ri tF

cru: building rnznager a72 s::z!a ~ a n a g s r F t for i4c1r sappof. d,frir.g ! r ; year I Seireve tas!gare 1s a great piace to jive W I ~ excellent factiities arc: car.nr, 3i8!r:er's

CHAIRMAN'S REPORT TO OWNERS AUGLJST 2006 --

7r ;e\iiev~ing !?e events of !he pas! year -?iatjrg 13 ca r t~ i ie ing ! am ~ i 2 e s c d !c be aole :c rep03 :o p : r that a number 31 ~ 1 3 ~ l f 1 ~ 3 n i . ycals have Dee? azn!sved

Fc; t h e s e c x d year i~ slxcecslsr., we have been able t3 keep lnv~es clnchan3e.c: whiisf rna;~rs:n!ng S:n~lnz Fur;< reserves a: a satisia~tory level. This 7x5 5enq coniii-led by s n ~njapenoeni expee report \n line A - I :~ r ece7: strata ?e;:sia!ios.

- - I he burldi~g ~nternai refurbishvent amgram VJIII be complete vjher, the l ~ f t u5gra$e currenily In progress :s ffn~skc t51s month Lye were abie to achteve t h ~ s witnsg! carl~ng on a :urther speciaf I e~y of $720 9CO vevrws ly approbed in 2034

Consrderable eHorI has been expena;i 5y the camr-,i:r~le i p reviev.linc arid updating our srra;a by-iavis Zc settar maintarn the quiet enjoymert of o,rr hclne They will be submitted Tor your approa~al at the AGM

Heating 3f :t79 sw!m?~ing c7c.31 Jslna irias:e heat ?:ox the shc?;lnr: cenire nas Seer, a p p r z ~ ~ $ tn p*lncipel bl; !!le : ~ n t i c v):ne3. E ~ g n c ~ r i ~ ~ y a m g n is comsiete and sdb!e,i c ~ s f 3:;el;tance cf li76 3ro3csal. 'se an:!cl>ste CsRpie;io:: *&; -'J

end Sep:ernbei.

k number cf projects are c~rren!ly ~ n C e r ~nvestigatior, vdhicl' we ex?ecl;r<!l! resi;l: in ~ 3 s : savings aqd irn~rovecj servic~s relsriing ic hot water and elee:r4r,tty experses i rnprove~ s tx~l l i fy i lnii ~cn r~ i i i a r l ce equipmen! IS aIs$ S e i y evalvated.

OJ! t?l:l1C!179 mariag?; rms re-loza?eJ to anit 9121 adjacent ro tn? offrcc? :P - ;ar$s~r Court The future use of unrt UOZ 1s c~rrenrly b m g cons~dered T h e orr?ners read t:, glve The Execut~de Comrntttee !he adthority at the AGM lc rent t he c ~ t

- SPe d~sprrte bopt::een ourselves and sur p r e v i ~ u s strata nanacer has been rescived after c~r;sbclil:a5[e legal cgs!s na3 been lncurred by both parties

. iYe c3-9 eked the 17stalIar cr of sbzde structures lor the pool and ba:~ecue aret an3 are csni lnuin~ WIT:> the batconv safii! renalrs

n.s.w. pre-purchase inspections · suite 1d, 79 oxford street, bondi junction, nsw, 2022 phone:...

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