We had an admin group meeting today at lunchtime. Here are some notes
from my memory:
Present: Alex, Catherine, Min, Gay, Anne, Sandy, Warren, Maria.
The main topic for discussion was the documents we needed to address for
settlement.
* Membership Agreement: *Warren* was happy to lead the process and
send another revision after today's workshop.
* Mortgages: As far as we're aware, we have done what Kiwibank were
asking. They have not contacted the people who were getting
mortgages from them yet, we are waiting for them to progress it.
*Maria* will follow up next week if we don't hear. We noted this is
primarily the responsibility of those people seeking mortgages. If
you are uncertain about your own mortgage at all or need anything
else from UCOL, please contact Maria or one of the directors.
* Health and Safety: After Stevenson and Williams leave site we will
be responsible for health and safety policy on site, initially UCOL
then the Body Corporate. *Sandy* will find the incident book we used
previously (or get a new one), and do/arrange a survey of hazards.
We will need to consider whether we have the policies we need in place.
* Access before settlement: we discussed different ideas for access
before settlement, e.g. access just for finishing jobs closely
regulated by UCOL, or leasing our houses before settlement. Gay
pointed out that the residential settlement act does NOT apply to
purchasers with an unconditional contract to buy a property, so any
rental would be a custom contract not a standard residential
tendency (I love how we have so much knowledge in the group.) *Gay*
will lead the drafting of some options that we can investigate
further and bring back to the group with pros and cons.
* Insurance: Our attempts to come up with cheaper insurance have drawn
a black so far. *Anne* will seek additional quotes from direct
insurance companies. We will need to pay for new insurance once S&W
leave site and/or practical completion. The question arose how we
could rely on our construction insurance that we have paid for
already for a longer period, e.g. until settlement. Anne will ask
Tina this question, and also about monthly vs. annual insurance
payment. *Alex* was going to do something but he can't remember
what. Perhaps talk to our accountant about accounting for the
insurance cost between the company and the body corporate.
* Body corporate administration: *Anne* thought the office volunteers
would naturally handle the BC administration tasks such as
maintaining an owners register and communicating those details to
insurance companies.
* Body corporate bank account: We thought this was not immediately
urgent to set up.
We did not set a time for a next meeting, but I suggest next Sunday
evening around 5pm if we need one. We can re-assess that at Thursday's
meeting.
Thanks all,
Alex