S PECIAL GBM – 17 TH A PRIL Mont Vert Dieu – Managing Committee

B UILDER ’ S PROPOSAL To renovate the MVD society completely and give a new look Builder wants us to share the expenses only for the painting of the buildings ~ 50% of the total expenses capped at 10 lacs

C URRENT FACTS Our funds position 3 Quotes received for painting Only for building = more than 20 lacs Other examples – Sai Vihar spent 20 lacs, MV – 1 spent more than 20 lacs for painting Type of FundsBudgeted minActual Repairs and Maintenance ~ 15 lacs~ 18.5 lacs Sinking Fund~ 5 lacs~ 6.5 lacs

W HAT DO WE GET IN RETURN Painting done for Building exterior Building internals – Passage near lifts, ducts, staircase Parking area / ceiling Club house (internal / external) Swimming Pool walls Compound walls Life of the paint – 7 to 10 years

W HAT DO WE GET IN RETURN Other Renewed club house with new equipments Renewed water filtration plant Water recycling plant Improved fencing (barbed wire + increase height) Repair of inter-blocking tiles in the premises Swimming pool externals Extra water lines + additional boring water (Ref the list of 18 activities) Better valuation for the society

I MPORTANT Q UESTIONS Is the builder un-reasonable? May be – he is getting benefited as he has 50% of his inventory yet to be cleared for C building Should we worry about it? No, we should only look at benefits we get in return for the price we are paying Can we simply refuse to pay? Yes, we can… In that case, he will do a very superficial job in everything… We will be forced to take up the activities ourselves within the next 2 years anyways