Peregian Springs News Inform know grow Volume 2. Issue 7
April 2017
HAPPY EASTER! EASTER. For some it is a spiritual time of year (see church services, p26), for others it is a long weekend. Whichever way we celebrate, it’s also a time when
plenty of people hit the roads. As the police say, be safe out there, be patient in the traffic and be sure to Drive to Survive.
Special levy fears for AGM KEY members of the subsidiary body corporates representing residents in the Ridges fear increased body corporate fees are only a matter of time if the Principal Body Corporate is to be able to continue meeting its administrative outgoings. With the next AGM of the Ridges Principal Body Corporate to be held at The Rec Club from 10am on April 21, the subsidiary body corporate leaders have highlighted the fact the PBC has reported an administrative fund deficit of around $350,000 for the 2016/2017 reporting period which they say could only be filled by increasing the body
corporate charges for each of the 1000 lots in Ridges by $350 a year. “If the PBC had to pay all its bills today, it would be $350k short,” said The Ridge Subsidiary body corporate chairman Brett Sanders. “In two short years, this Aveo controlled body corporate has made it (the PBC) insolvent,” Mr Sanders said. PBC Secretary Troy Thompson said the PBC budget predicted a positive result for the 2017/2018 financial year. “The projection for the coming year is that the PBC will run at a surplus of $59,073.78,” he said. Story continued, page 4
Peregian Springs News, April 2017