Resolution Passed by the Trustees of the Body Corporate of Chablis, Scheme Number 362/2008
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RESOLUTIONS PASSED BY THE TRUSTEES OF THE ...... BODY CORPORATE, SCHEME NUMBER SS ______, AT A MEETING HELD IN ………………………. ON ……………………………………… 2014
The Trustees resolved:
1. That a special levy is declared in terms of Management rule 31(4) in a total amount of R...... , including the finance fee of 4.75% plus VAT
2. That the Special Levy be allocated for payment by owners in terms of the provisions of Management Rule 31(1)
3. That liability for payment of the Special Levy settles in each owner registered as such as at the date of this resolution.
4. Owners are to be advised in writing of their obligation to pay their portion of the special levy (calculated in accordance with the participation quota of each section) and to be given the option to pay their portion of the special levy either –
4.1. in a lump sum by no later than ...... ; or 4.2. in equal monthly amounts over a ...... month period starting ......
5. That in accordance with section 15(3)(b) of the Sectional Titles Act, upon transfer of any unit, any unpaid balance of the Special Levy shall be payable in full by the seller before issue of a levy clearance certificate.
6. That interest at the rate determined by the trustees shall be added to the monthly balance due in respect of the Special Levy.
______Trustee Trustee Name: Name:
______Trustee Trustee Name: Name: