Hi Gilgal1 – thanks for your reply.The issue here is not the purpose of the money, but the method of raising it. We live in a building which has been neglected for years. Our EC is stacked and have a record of running the place very poorly.
In these circumstances, surely it is preferable and appropriate to increase levies to the sinking fund, rather than attend to capital expenditure by way of ' just a one-off, never to be repeated' special levy. This would ease the burden on owners by staggering payments. At the last AGM owners overwhelmingly voted to commission a structural engineers report (not proposed by the EC) and tenders so we know what's ahead of us.
The reference to fraud was a touch emotional, however the EC reasoning is that potential purchasers would be put off if future standard levies were high, however are likely to forget a 'one-off' payment 