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HAC Meeting April 15 2021
Important Issues on the Landscaping project Phase-1 and "Schemes" were discussed
Important issues around the "Rules and Regulation Addendum" which impact every homeowners was discussed , this is a important issue and has been pain in the buttock for many home owners.. It is being handled in a "TOP DOWN" down approach, without any input from the homeowners and being drafted by few HAC members without any preview by the home owners.
Another important issue is "RESERVE FUNDS". This issue has NOT been resolved in turns of "Transparency " by SA and the CAG Board on handling our CAM fees contributions and how it is spent. These funds needs to be properly invested, this fund has been "UNDERFUNDED" for at least 10 years, and as recently [2018-2019] it was reported to the homeowners by the HAC that it was 67% funded, and the bar has been lowered from 100% funding to 70% as "New Normal" to be considered as "Fully Funded". There is evidence this goes back before 2018.
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