Yes, it makes most people do a double take when they first hear of it. For some reason a previous Exec Committee decided that in implementing a more enforceable visitor parking system (lockable bollards), it would be appropriate for the building manager to keep the 'admin fee' that is charged to visitors for the use of the spaces. A by-law was passed some years ago.
Since this could be as much as $40k per year, the current Exec has decided it might not be appropriate after all that the building manager is profiting so nicely off OC assets. At the very least that would be quite a nice way of reducing strata fees or enhancing the complex on an ongoing basis.
I know $100k sounds like a lot (it does to me too) but our initial investigations haven't revealed any other alternatives that are considerably cheaper. These companies usually sell to commercial operations who are willing and able to pay prices like that, since they'll recoup those costs quite quickly, so it just looks like that is where the market pricing currently is. I'd be happy to hear any other suggestions that people might have.
Jimmy, are you able to pass on contact details for the Sydney building that uses that system you mentioned? I'd love to have a chat to them about how successful it's been for them.
