› Flat Chat Strata Forum › Common Property › CP and the Strata Committee › Maintenance approved but no funding available › Current Page
@Whale said:
Maryjane – sorry to overload you with “Guru” questions, but I was wondering about on what basis the dissenting “family member” is voting; do they hold the Owner’s proxy on each occasion?And lastly….. did your O/C at least consider borrowing the money for the repairs as I suggested, because it appears to me that may be the solution to getting the works done now, and collecting the special levy to repay that over time; unless of course the 5 Owners can each stump-up around $16K in one hit.
Yes they hold the owner’s proxy. Borrowing the money was considered however no-one wanted to pay the high interest rate. We are trying to get it across in one hit.