Hi,
Please email me back with approval to spend an extra $26,000 on the build. (Or not)
The directors have been asked to approve a payment for some extra work involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
I approve the payment to S&W Anne
On Fri, Jul 17, 2020 at 3:51 PM Alex King via Ucol-shareholders < ucol-shareholders@list.king.net.nz> wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the build. (Or not)
The directors have been asked to approve a payment for some extra work involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Anna and I (D1) are fine with that.
Anthony
On 17 Jul 2020, at 15:50, Alex King via Ucol-shareholders ucol-shareholders@list.king.net.nz wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the build. (Or not)
The directors have been asked to approve a payment for some extra work involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Hi Alex,
I would like to hear a little more of the process and background of this before agreeing. Presumably it will be gone through in more detail at the PCG meeting on Tuesday morning.
Frances
On 17/07/2020, at 3:50 PM, Alex King via Ucol-shareholders ucol-shareholders@list.king.net.nz wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the build. (Or not)
The directors have been asked to approve a payment for some extra work involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
I agree with Sandy and Frances about this and hope to hear more. I do appreciate the Directors position and steps being taken to prevent this occurring again.
Regards
Marianne
Marianne Quinn
Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050
-----Original Message----- From: Ucol-shareholders ucol-shareholders-bounces@list.king.net.nz On Behalf Of Sandy Ross Sent: Friday, 17 July 2020 7:34 PM To: Alex KIng alex@king.net.nz Cc: UCOL Shareholders Ucol-shareholders@list.king.net.nz Subject: Re: [Ucol-shareholders] Approval for above budget expenditure to fix PassiveHaus compliance issues
Hi Alex,
I would like to hear a little more of the process and background of this before agreeing. Presumably it will be gone through in more detail at the PCG meeting on Tuesday morning.
Frances
On 17/07/2020, at 3:50 PM, Alex King via Ucol-shareholders
ucol-shareholders@list.king.net.nz wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the build.
(Or not)
The directors have been asked to approve a payment for some extra work
involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the
inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford
to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per
unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the
contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay
paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
_______________________________________________ Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Hi Everyone,
So far we have 11 of 26 units (14 people) in agreement (green or blue card) for immediate payment, and 3 or 4 wanting to wait and have further discussion on it (perhaps orange cards at this stage?)
That means we have heard from just over half of our unit purchasers/shareholders, and we would need 100% agreement to make a formal shareholder resolution by email.
(If I had thought about it more clearly after our previous discussions, I would have mentioned to use the coloured cards to indicate your level support.)
The next steps are a PCG meeting and meeting with Stefan tomorrow, and Anne will be setting up the bank payment early this week (today? being the 20th), and we have our regular meeting on Thursday. I asked Sander to put an item on the agenda whatever happens meantime. It seems we would make a part payment today, but we may be in a position to pay the balance on Friday if we so decide.
Thanks, Alex
On 20/07/20 9:25 am, mariannequinn@xtra.co.nz wrote:
I agree with Sandy and Frances about this and hope to hear more. I do appreciate the Directors position and steps being taken to prevent this occurring again.
Regards
Marianne
Marianne Quinn
Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050
-----Original Message----- From: Ucol-shareholders ucol-shareholders-bounces@list.king.net.nz On Behalf Of Sandy Ross Sent: Friday, 17 July 2020 7:34 PM To: Alex KIng alex@king.net.nz Cc: UCOL Shareholders Ucol-shareholders@list.king.net.nz Subject: Re: [Ucol-shareholders] Approval for above budget expenditure to fix PassiveHaus compliance issues
Hi Alex,
I would like to hear a little more of the process and background of this before agreeing. Presumably it will be gone through in more detail at the PCG meeting on Tuesday morning.
Frances
On 17/07/2020, at 3:50 PM, Alex King via Ucol-shareholders
ucol-shareholders@list.king.net.nz wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the build.
(Or not)
The directors have been asked to approve a payment for some extra work
involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the
inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford
to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per
unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the
contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay
paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Hi Alex
I approve the payment.
Pauline
On Mon, 20 Jul 2020 at 11:49 AM, Alex King via Ucol-shareholders < ucol-shareholders@list.king.net.nz> wrote:
Hi Everyone,
So far we have 11 of 26 units (14 people) in agreement (green or blue card) for immediate payment, and 3 or 4 wanting to wait and have further discussion on it (perhaps orange cards at this stage?)
That means we have heard from just over half of our unit purchasers/shareholders, and we would need 100% agreement to make a formal shareholder resolution by email.
(If I had thought about it more clearly after our previous discussions, I would have mentioned to use the coloured cards to indicate your level support.)
The next steps are a PCG meeting and meeting with Stefan tomorrow, and Anne will be setting up the bank payment early this week (today? being the 20th), and we have our regular meeting on Thursday. I asked Sander to put an item on the agenda whatever happens meantime. It seems we would make a part payment today, but we may be in a position to pay the balance on Friday if we so decide.
Thanks, Alex
On 20/07/20 9:25 am, mariannequinn@xtra.co.nz wrote:
I agree with Sandy and Frances about this and hope to hear more. I do appreciate the Directors position and steps being taken to prevent this occurring again.
Regards
Marianne
Marianne Quinn
Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050
-----Original Message----- From: Ucol-shareholders ucol-shareholders-bounces@list.king.net.nz On Behalf Of Sandy Ross Sent: Friday, 17 July 2020 7:34 PM To: Alex KIng alex@king.net.nz Cc: UCOL Shareholders Ucol-shareholders@list.king.net.nz Subject: Re: [Ucol-shareholders] Approval for above budget expenditure to fix PassiveHaus compliance issues
Hi Alex,
I would like to hear a little more of the process and background of this before agreeing. Presumably it will be gone through in more detail at the PCG meeting on Tuesday morning.
Frances
On 17/07/2020, at 3:50 PM, Alex King via Ucol-shareholders
ucol-shareholders@list.king.net.nz wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the
build.
(Or not)
The directors have been asked to approve a payment for some extra work
involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the
inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including
some
extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can
afford
to pay the $26,000 now, but if other things come up that are essential
to do
in future it makes it more likely we will need to find further funds,
beyond
the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per
unit for work that was mostly completed already. Technically the
directors
require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the
contractors were not strictly following the process for variations. It
has
already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of
work
before it is done.
If anyone responds that they don't want to approve this yet, we will
delay
paying that part of the contractor's invoice, and we will discuss it at
our
next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Hi Alex
I approve the purchase & will be interested in any more details.
Thanks,
Susan J
On 20/07/2020, at 12:13 PM, Pauline Taylor pauline.anne.taylor@gmail.com wrote:
Hi Alex
I approve the payment.
Pauline
On Mon, 20 Jul 2020 at 11:49 AM, Alex King via Ucol-shareholders ucol-shareholders@list.king.net.nz wrote: Hi Everyone,
So far we have 11 of 26 units (14 people) in agreement (green or blue card) for immediate payment, and 3 or 4 wanting to wait and have further discussion on it (perhaps orange cards at this stage?)
That means we have heard from just over half of our unit purchasers/shareholders, and we would need 100% agreement to make a formal shareholder resolution by email.
(If I had thought about it more clearly after our previous discussions, I would have mentioned to use the coloured cards to indicate your level support.)
The next steps are a PCG meeting and meeting with Stefan tomorrow, and Anne will be setting up the bank payment early this week (today? being the 20th), and we have our regular meeting on Thursday. I asked Sander to put an item on the agenda whatever happens meantime. It seems we would make a part payment today, but we may be in a position to pay the balance on Friday if we so decide.
Thanks, Alex
On 20/07/20 9:25 am, mariannequinn@xtra.co.nz wrote:
I agree with Sandy and Frances about this and hope to hear more. I do appreciate the Directors position and steps being taken to prevent this occurring again.
Regards
Marianne
Marianne Quinn
Level 3, 115 Stuart Street, Dunedin P.O. Box 20, Dunedin 9054 ph +6434773115 or 0211612050
-----Original Message----- From: Ucol-shareholders ucol-shareholders-bounces@list.king.net.nz On Behalf Of Sandy Ross Sent: Friday, 17 July 2020 7:34 PM To: Alex KIng alex@king.net.nz Cc: UCOL Shareholders Ucol-shareholders@list.king.net.nz Subject: Re: [Ucol-shareholders] Approval for above budget expenditure to fix PassiveHaus compliance issues
Hi Alex,
I would like to hear a little more of the process and background of this before agreeing. Presumably it will be gone through in more detail at the PCG meeting on Tuesday morning.
Frances
On 17/07/2020, at 3:50 PM, Alex King via Ucol-shareholders
ucol-shareholders@list.king.net.nz wrote:
Hi,
Please email me back with approval to spend an extra $26,000 on the build.
(Or not)
The directors have been asked to approve a payment for some extra work
involved in achieving passivehaus compliance that was not detailed on the plans.
The main issue (with details and extra taping required around the
inter-tenancy walls) has been costed at just over $26,000 to rectify, and the contractors have already done the majority of the work, including some extra labour they did not charge us for.
We are getting low on contingency. (approximately $100,000) We can afford
to pay the $26,000 now, but if other things come up that are essential to do in future it makes it more likely we will need to find further funds, beyond the price for the units you have signed up for.
I would appreciate people's approval for us to pay the extra $1000 per
unit for work that was mostly completed already. Technically the directors require approval of shareholders to spend amounts more than $20,000 over budget.
The directors have only just become aware of this situation because the
contractors were not strictly following the process for variations. It has already been raised with the contractors, and directors will insist that future variations are done correctly, so we get to approve this type of work before it is done.
If anyone responds that they don't want to approve this yet, we will delay
paying that part of the contractor's invoice, and we will discuss it at our next meeting. They are doing a great job overall other than this issue.
Thanks, Alex
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
Ucol-shareholders mailing list Ucol-shareholders@list.king.net.nz https://list.king.net.nz/listinfo/ucol-shareholders
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ucol-shareholders@list.king.net.nz
-
Alex King -
Anne Thomson -
Anthony Doesburg -
mariannequinn＠xtra.co.nz -
Pauline Taylor -
Sandy Ross -
Susan Jack