Dear proprietor:

We hereby inform you of the most important resolutions taken at our assembly of November 25th of the present year.

  1. Approval of the report of the Administrative Committee; which includes:

 

  1. Report of the advanced special projects of maintenance, actual status, percentage charged and the pending extraordinary contribution related to these projects, advance in construction work.
  2. Actual situation of the assets and liabilities approved to be settled, payments made and pending, account status, status of the lawsuit of Otis Elevators against the Condominium.
  3. Actual financial situation, expenses against budget, deficit of 3.71%for the period of January-October 2007.
  4. Actual situation of the real collection against the one budgeted, deficit of 3.97% for the period of January-October 2007.
  5. List of the preventive and corrective maintenance jobs undertaken from January until October 2007.
  6. Authorization for foreign proprietors to have a voice and vote at our assemblies, independent of the letter of authorization of their fiduciary.
  7. Additional services that are offered to our proprietors: VIP Salon at the reception, cleaning of rooms prior to arrival, valet parking, parking lot rent, manpower for maintenance jobs, etc.
  8. Negotiation of the conditions for the collective work contract for 2008.
  9. Others
  1. Approval of the Surveillance Committee , which revises and gives its opinion on the following points:
  1. Extraordinary contribution.
  2. Sale of time share apartments
  3. Parking
  4. Trial related to the Condominium.
  5. Financial reports
  6. Contracts (general)
  7. General matters
  8. Revision of the collective work contract
  9. Conclusions
  1. Annual Budget of expenses for 2008, for which an increase of 5.43% was approved applicable to the maintenance fees, reserve fund, fees for daily use, parking, telephone and in general to all the services provided by the Condominium.
  2. Sale of 7 time share apartments, with the objective to settle passives left pending in march 2007 (Federal Zone tax and Infonavit9
  3. Approval of the following general matters:
  1. Ratification of faculties given to the Administrative Committee for the practice of legal actions against owners with delinquent accounts.
  2. Financial reports for 2006.
  3. Individual hiring, for each condominium, of insurance and civil responsibility, as the administration doesn’t contemplate the hiring of any insurance of this kind.
  4. Confirmation of a civil association with out profit, as to comply with the obligations imposed by the department of revenue.
  5. Reduction of the grace period of two, to one two monthly period for the payment of fees approved by the assembly. In case of slow or incomplete payments, the Administration could suspend services provided such as electricity, hot water, maid, income through guests etc.
  6. Authorization of admission to Jacuzzi area, exclusively for proprietors with orange wristband (full time), expressively forbidding admission of guests of proprietor, time share proprietor and any other guest.
  1. Ratification of the actual Administrative Committee formed by Lucio Pernatozzi D’ambrosio, Alberto Malda Lopez de Nava and Victor Manuel Ortiz Dajda.
  2. Ratification of the actual Surveillance Committee formed by Miguel Torres Bejar, Ana Cecilia Reza Vegambre, Samuel Kosberg, Stella Leff and Jose Luis Ruiz Esparza.
  3. Approval of the regulation of the Administrative Committee, subject to the following conditions:
  1. Final revision of a committee made up of at least one member of each committee and 3 other proprietors that want to participate in said committee.
  2. Comments and suggestions will be accepted on behalf of all the proprietors.
  3. The final version will be sent to our legal adviser for its revision and legal comments.
  4. The final version, approved by all those involved, has to be ready for its registration, no later than June 30th 2008.
  5. Our next assemblies should be held in the month of November 2008, nevertheless to assure a greater assistance of foreign proprietors; they will be held in January 2009.

If you wish for further information, please contact us at 01 7444 435 03 00 or by e-mail
comiteadministrativo@lastorresgemelas.org  remember that all the information, in detail, related to our condominium can be found on our website www.lastorresgemelas.org.

Best regards,

The Administrative Committee