Board Meeting no. (11/2020) on April 26, 2020

The Board of Directors held its meeting no. (11) for the year 2020 on Sunday, April 26, 2020 at 9:00 pm at the headquarters of the Riffa Views Company, and issued its decisions according to the items below:

1- Annual Subscriptions (Service Charge) for the units owned by RE Properties SPC, which are 164 units

The Board heard an explanation from the representative of the Steering Committee of the Developer Company which supervises the completion of the project to build the remaining units in Riffa Views, regarding the payment of Annual Subscriptions (Service Charge) for the 164 units owned by RE Properties SPC.

Also, the Board reviewed a proposal submitted by the Steering Committee to pay 50% of the service charge on the unfinished units and 100% of the service charge on the finished units, and after discussion the Board decided to discuss this proposal in future meetings and to include what the Board of Directors conclude on the agenda of the General Assembly to vote on it.

2- Report of the Association Manager on following up the developments during the last period

The Board took note of the following developments:

• The adoption of measures taken in the Riffa Views community in order to tackle the Corona virus (Covid-19), and the awareness guidelines that will be taken to prevent the spread of the virus.
• The completion of opening the bank account in the name of the Association at Kuwait Finance House on the 20th of April 2020.
• The completion of sending service charges invoices for the second quarter, for the period from April to June 2020.
• Finalizing sending the requests for proposals for a tender for the maintenance of landscaping and agricultural areas.
• The new security service provider, Security Solution Company, shall commence operations on the 1st of April 2020.
• The new provider of cleaning and garbage collection services, Urbaser Bahrain, shall commence working starting from the 1st of April 2020.

3- Reviewing the Master Transfer Agreement

The Board followed up on the Developer’s response to the remarks in the report of the Board Member Mr. Akram Hage on the Master Transfer Agreement. Also, the Board reviewed the email received from Charles Russel Speechly’s, dated 31 March 2020, which included the calculation of the agreement review expenses. After discussion the Board contacted the CRS office and informed them of the Board’s approval to contract with them, and the Board decided to send the Developer’s response to CRS.

4- Decisions and subjects follow-up table

The Board reviewed the decisions and issues included in the follow-up table and stressed the need for Board members and the Association Manager to periodically review these subjects in order to finalize them.

The meeting ended at 10:40 pm, and it was decided that the next meeting will be scheduled at a later time.