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The OC decided to impose a limit on the Strata Committee of amounts up to $10,000, insurances excluded.
At the Strata Committee meeting the Strata Manager withdrew the motions for the renewal of insurances. Reason was that the motions were posted at the time of the existing SC members who were restricted to matters up to the value of $3000. Bit strange as the new committee did not have this restriction and the meeting was held immediately after the AGM .
We now have a Strata Committee meeting next Wednesday 26 Feb to decide on insurances . I note an interesting article by Tyrone Shandiman Strata Broker who has been so professional and prompt in providing me with a competitive quote and also substantial savings on our current policies.