Board Meeting no. (24/2020) on December 6, 2020

The Board of Directors held its meeting No. (24) for the year 2020 on Sunday, December 6, 2020 at 5:30 pm at the Riffa Views headquarters, and issued the following decisions:

1- Approval of the meeting minutes No. (22), that was held on November 8, 2020, and meeting minutes No. (23), that was held on November 22, 2020

Both meetings minutes have been approved

2- Results of the meeting with His Excellency the CEO of the Real Estate Regulatory Authority (RERA) on November 26, 2020

The Board of Directors was briefed on the results of the meeting that brought together His Excellency Sheikh Mohammed bin Khalifa Al Khalifa, CEO of the Real Estate Regulatory Authority (RERA) with the Board Chairman, the Board Secretary and the Association Manager. The CEO of RERA praised the development in the completion of all agricultural works and the development of the common areas in Riffa Views, as well as the efforts made by the Board of Directors, and stressed the need for the Association to preserve the architectural and engineering aesthetic of Riffa Views in order to comply with the requirements and conditions of the joint properties in accordance with the legislation and regulations in force.

During the discussion, the Board assigned the Association Manager to prepare a report on the procedures in place to maintain commitment to the external appearance of the Riffa Views when carrying out the construction and development works of the units, and to submit the report to the Board of Directors in preparation for sending it to the Real Estate Regulatory Authority for review.

3- Scheduling a time and place to conduct the 2nd General Assembly meeting 

The Board Secretary presented a report on the progress of the Subcommittee to organize the 2nd General Assembly meeting. After the discussion, the Board decided the following:

• Inviting all members of the Board to finalize all the reports and documents that will be presented in the General Assembly meeting. The board assigned the Association Manager to follow up with all members.

• Assigning the Association Manager to contact the Real Estate Regulatory Authority (RERA) to inquire about the requirements for approving the voting paper.

4- The Board’s report on reviewing the Master Transfer Agreement: 

The Board reviewed the final draft of the Master Transfer Agreement that adopted the amendments received from Charles Russell Speechlys and Trowers & Hamlins. The Board also reviewed the Board Treasurer’s comments regarding the agreement, and assigned the Board Treasurer to discuss these comments with the Association Manager to finalize the Master Transfer Agreement while keeping the Board informed of any updates in this regard.

5- Further work: 

The Board discussed the following: 

• Calculation of service charge for additional built-up area in units: The Board reviewed the proposal submitted by Association Manager regarding the calculation of service charge for additional built up areas in units. After discussion, the Board decided to re-discuss this item in the next meeting with obtaining detailed information on additional built-up areas from all owners of which this applies.

• Fees imposed by the Association for the implementation of construction and maintenance work in the units: The Board discussed the issue of the fees imposed by the Association’s Manager for all works related to the construction and maintenance of units in Riffa Views, and decided to assign the Association’s Manager to inventory all fees and expenses and indicate what they are and how to calculate them and submit a report in this regard to the Board of Directors.

The meeting concluded at 8:00 pm.