washing powder

As far as I recall, John, nothing was mentioned about the date for the next AGM at the meeting, although, I believe, it has to be held within the next year.  Personally, one would think that the budget for 2008 would have to be approved before the start of 2008 - are AEA required to call an EGM for this particular matter, bearing in mind that RyF still own 60pc of the development and can vote without any other owner being present?

So, it would figure that, if the budget for 2009 was ready in principle for the AGM next August, then that could be approved at that meeting - but I doubt it would be ready in April.  I would think there will be (hopefully!!) many more owners on board by this time next year, so RyF may not have the majority vote.

Any views here?

I tend to agree Jan, so for 2008 we should have a meeting befor this year is finished out to agree the budget but as RYF will most likely hold a majority still it would be parroved on the nod sort of speak....is it sunny in Dubai still? 

Is it ever not sunny in Dubai, John??  Arrived back here at about 1am and walked off the plane into about 33c and 80pc humidity!!  Oh I miss Spain!!  I just did not want to leave!!  I was like a bear with a sore head for days after arriving back, wishing we were back in Duquesa!

I think it's probably more convenient to have the AGMs in summer, at this moment in time - more people will be able to attend.  Also, it gives them time (lots of it!) to have the accounts audited at year end and prepared for approval by us all.  And at that time they can also, realistically, prepare and produce the budget for the following year, for approval at the AGM.

I did notice that AEA have listed me (Sr. Jan Beaumon!!!!) as representing a Mr Vineyard instead of you on the list of people in attendance!  I know it's only "typos" but I would like to think they are a little bit more careful on other details!!  I'd hate to think of us all approving a budget of 2,000 euros for, say, pool maintenance, only to find out it's actually 20,000, etc!!!  I know I'm nit-picking but a little bit of attention and correction stretches a long way .....!

This message was last edited by Pitby on 9/1/2007.