Summary of the Ordinary General Assembly

August 21, 2010 at 12:11 am

Last Friday, August 6th, 2010, was successfully held the Ordinary General Assembly of the Master Condominium and the three Sub Condominiums of The Fives. It is a very important step for all of us.

Although we will be sending soon the Official Minutes of the Assembly, we make a brief summary about the points discussed:

  • Recognition of Aitana Administradora, S.A. de C.V., as Administrator, Aitana Hotelelera S.A. de C.V. as Hoteliers and Karisma as Hotel Operator and Rental Pool Manager.
  • Designation of the voting delegate for the three Sub Condominium of The Fives
  • Condominium management report:
  •       – Review and approval of the title deed of July 1st 2010, to attest services were already running
  •    –   Condominium budget information has been previously sent to the owners and it has been found available on the website of the Condominium prior to the Assembly.
  •      – It was proposed to invite a Sub condominium´s owner to join the Watching Committee and Mr. Daniel Edward Mazur, owner of condominium 911, was elected.
  •      – Because The Fives is a Resort, the operator requires Internal Regulation Rules and they were approved unanimously at the assembly. Attached you will find the document.
  • Consultores Estratégicos Integrados SC was suggested to act as accounts´ auditor of the administrator.
  • Approval for the improvements the developer is implementing without charge:
    • Boilers of 190 liters
    • Paved access to the property
    • Improving common areas floor of condominium villas.
  • It was reported that the hotel will be operating on October 1st 2010, and the Rental Pool Program will be operating on September 1st, 2010.
  • On September 15th is the death line to join to the Rental Pool Program.

After the Assembly a meal was offered at the Olive Sea Restaurant with all attendees.


Entry filed under: Azul Fives Hotel, The Fives.

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