Friday, March 20, 2009
Wednesday, March 18, 2009
GBP Transfer Bank Details
If you wish to pay your maintenance to the UK based account, details are as follows:
Funds to be transferred to: Lloyds TSB Bank plc International Services Office
Swift: LOYDGB 2 LMON
Sort Code: 30-96-34
IBAN NO: GB85LOYD30963401023307
Beneficiary: Cyprus Economy Bank Ltd
GBP Account Number: 01023307
Additional information:Resco Management Ltd
Transaction reference: A/C No 4695868
Please note that if you are transferring funds from the UK that this is going to be a domestic transfer within the UK, either by CHAPS or same day domestic transfer to Lloyds TSB in UK.
Therefore do not ask you bank to make an International Bank transfer.
Make sure that beneficiary is stated as Cyprus Economy Bank and account number 01023307.
Please make sure you put your name, block number and apartment number on all transfer documents.
Funds to be transferred to: Lloyds TSB Bank plc International Services Office
Swift: LOYDGB 2 LMON
Sort Code: 30-96-34
IBAN NO: GB85LOYD30963401023307
Beneficiary: Cyprus Economy Bank Ltd
GBP Account Number: 01023307
Additional information:Resco Management Ltd
Transaction reference: A/C No 4695868
Please note that if you are transferring funds from the UK that this is going to be a domestic transfer within the UK, either by CHAPS or same day domestic transfer to Lloyds TSB in UK.
Therefore do not ask you bank to make an International Bank transfer.
Make sure that beneficiary is stated as Cyprus Economy Bank and account number 01023307.
Please make sure you put your name, block number and apartment number on all transfer documents.
Monday, March 16, 2009
Turtle Bay Village (TBV) Committee update, March 2009
This note contains important information related to TBV.
Events over the last three months have moved on at an alarming pace and it has been difficult to keep up with all of the major changes which have sprung up requiring the committee’s immediate attention. We have endeavoured to keep owners fully informed of our actions and decisions, however these have often been difficult to determine as the situation continues to rapidly evolve.
We look forward to a period of greater stability as soon as the key issues outlined below have been resolved.
Management Operating Structure for TBV
In January the committee and TBV owners were advised by Udi Ilan of Kensington Development (KD) that a decision had been made to set up ResCo as the operating company for TBV instead of Sharon Management (SM). SM are part of the Ariel group. The committee was not consulted about these changes.
Given that ResCo was originally set up as a dormant company to hold the shares and the deposit monies for the owners this proposal seemed to conflict with the original purpose of the company.
The committee’s response was to seek urgent advice from a leading TRNC law firm. We have engaged Naomi Mehmet and Partners and are dealing directly with Naomi Mehmet herself. Naomi has assessed the situation and had outlined how we may need to proceed with this matter. This is still work in progress but essentially she is helping us to prepare for a meeting with KD and hopefully Ariel in the near future.
The committee are working with Udi Ilan to agree the steps that need to be taken to change the management structure for TBV and the target date for this to be finalised is January 2010.
In our understanding, to put it simply, we (the owners) now no longer employ Sharon Management in a client/contractor relationship. Instead, SM staff have transferred to ResCo and their staff are the employees of ResCo. Udi Ilan is currently the majority shareholder of ResCo but in due course the shareholding is to transfer to owners. The relationship between us and "site management personnel" is therefore very different. Clearly we also will be seeking advice from Naomi around the drawing up of a new set of contracts to reflect the new relationship between ResCo owners and ResCo Management. We are sure we you will appreciate the amount of time and effort this all involves.
Ariel Group decision to pull out of TBV Contract
Since the decision outlined above there have been two significant events which impact both the day to day running of site and the longer term operations generally. Firstly we were informed by Ariel that Arie Aizenshtat had resigned from his position as General Manager of the site and a couple of weeks later we were informed that Ariel Group no longer wish to manage TBV and they have resigned. There is a copy of their resignation letter attached to this message.
The committee are currently seeking further clarification around this decision with respect to Ariel’s ongoing commitments. Clearly this decision raises many questions as to how we deal with the future running of the site, so again is work in progress. .
The good thing is that Simon Hall, who many of you will have already met, has been appointed to the role of General Manager and is employed by ResCo Management Limited. All of this leads to many more questions and we shall of course keep you informed on a regular basis now that the new Forum is up and running once we have some answers.
Proposed Maintenance Fees for 2009/10
The committee have been working with Simon Hall on the proposed budget and are recommending that the new rates are agreed by the owners to ensure that there will be enough money coming in to cover the cost of running the village.
After much deliberation the committee have agreed the maintenance fees set out below. These are backdated to 1st January 2009.
The fees include the cost of insuring the village which makes up some of the proposed increase.
New fee structure:
Two bedrooms - £67 per month
Three bedrooms/villas - £77 per month
We believe that this is the minimum amount that can sustain the village to the standard we expect but relies on all owners making regular payments to the Management Company.
We have attached a copy of the new bank account set up to enable all owners to make payments into a ResCo account at Lloyds bank in London which saves the cost of transferring funds abroad.
The committee and Simon Hall are all working very hard and spending an enormous amount of time to resolve this complex situation. We are confident that together we can resolve these issues but we do need the support of every owner in paying their maintenance fees in order to ensure that the site goes from strength to strength and becomes the dream we were all promised.
Bob Strawford
Chairman of Turtle Bay Owners’ Committee
Events over the last three months have moved on at an alarming pace and it has been difficult to keep up with all of the major changes which have sprung up requiring the committee’s immediate attention. We have endeavoured to keep owners fully informed of our actions and decisions, however these have often been difficult to determine as the situation continues to rapidly evolve.
We look forward to a period of greater stability as soon as the key issues outlined below have been resolved.
Management Operating Structure for TBV
In January the committee and TBV owners were advised by Udi Ilan of Kensington Development (KD) that a decision had been made to set up ResCo as the operating company for TBV instead of Sharon Management (SM). SM are part of the Ariel group. The committee was not consulted about these changes.
Given that ResCo was originally set up as a dormant company to hold the shares and the deposit monies for the owners this proposal seemed to conflict with the original purpose of the company.
The committee’s response was to seek urgent advice from a leading TRNC law firm. We have engaged Naomi Mehmet and Partners and are dealing directly with Naomi Mehmet herself. Naomi has assessed the situation and had outlined how we may need to proceed with this matter. This is still work in progress but essentially she is helping us to prepare for a meeting with KD and hopefully Ariel in the near future.
The committee are working with Udi Ilan to agree the steps that need to be taken to change the management structure for TBV and the target date for this to be finalised is January 2010.
In our understanding, to put it simply, we (the owners) now no longer employ Sharon Management in a client/contractor relationship. Instead, SM staff have transferred to ResCo and their staff are the employees of ResCo. Udi Ilan is currently the majority shareholder of ResCo but in due course the shareholding is to transfer to owners. The relationship between us and "site management personnel" is therefore very different. Clearly we also will be seeking advice from Naomi around the drawing up of a new set of contracts to reflect the new relationship between ResCo owners and ResCo Management. We are sure we you will appreciate the amount of time and effort this all involves.
Ariel Group decision to pull out of TBV Contract
Since the decision outlined above there have been two significant events which impact both the day to day running of site and the longer term operations generally. Firstly we were informed by Ariel that Arie Aizenshtat had resigned from his position as General Manager of the site and a couple of weeks later we were informed that Ariel Group no longer wish to manage TBV and they have resigned. There is a copy of their resignation letter attached to this message.
The committee are currently seeking further clarification around this decision with respect to Ariel’s ongoing commitments. Clearly this decision raises many questions as to how we deal with the future running of the site, so again is work in progress. .
The good thing is that Simon Hall, who many of you will have already met, has been appointed to the role of General Manager and is employed by ResCo Management Limited. All of this leads to many more questions and we shall of course keep you informed on a regular basis now that the new Forum is up and running once we have some answers.
Proposed Maintenance Fees for 2009/10
The committee have been working with Simon Hall on the proposed budget and are recommending that the new rates are agreed by the owners to ensure that there will be enough money coming in to cover the cost of running the village.
After much deliberation the committee have agreed the maintenance fees set out below. These are backdated to 1st January 2009.
The fees include the cost of insuring the village which makes up some of the proposed increase.
New fee structure:
Two bedrooms - £67 per month
Three bedrooms/villas - £77 per month
We believe that this is the minimum amount that can sustain the village to the standard we expect but relies on all owners making regular payments to the Management Company.
We have attached a copy of the new bank account set up to enable all owners to make payments into a ResCo account at Lloyds bank in London which saves the cost of transferring funds abroad.
The committee and Simon Hall are all working very hard and spending an enormous amount of time to resolve this complex situation. We are confident that together we can resolve these issues but we do need the support of every owner in paying their maintenance fees in order to ensure that the site goes from strength to strength and becomes the dream we were all promised.
Bob Strawford
Chairman of Turtle Bay Owners’ Committee
Monday, March 9, 2009
Pegasus winter schedule announced
Just to let all customers know that Pegasus airlines which fly between Stansted and Ercan have announced their winter schedule and prices. Dates between October 25th 2009 and the end of March 2010. For more information, please contact Pegasus directly or e-mail ankaratravel@superonline.com
Thursday, March 5, 2009
Letter from Simon Hall, Resco Manager
Simon Hall, Resco General Manager
Dear Turtle Bay Village Owner,
I am writing to you to introduce myself and to inform you of some of the changes we are hoping to achieve in TBV this year.
I look forward to meeting with you all when you visit TBV and I am looking forward to working with you to improve the Village.
The team, here at Resco, are working on many areas around the Village and also on our systems and procedures in order that we can improve our supporting role for our owners.
We have spent time listening to and reading our owners’ opinions and are keen to implement changes where ever possible in order that we can improve our service.
We are expecting the landscape to establish itself this summer and we have already started to re-distribute shrubs to various areas that were previously a little bare. We will monitor the growth this year and assess all areas. We are hoping, also, to introduce some other fast growing, drought tolerant trees and shrubs to the village that will have a visual impact on the site.
We are also hoping that the infrastructure of the village will settle in order that we can free some time to introduce improvements.
We have a lot to achieve, and with the backing of our owners, and close work with the TBV Committee I am very keen to see how much of a difference we can make.
In order that we can implement these improvements, we require adequate funding and I would ask our owners to please keep their accounts up to date. I realise there has been confusion over the maintenance fees but to stop paying all together has a huge effect on our ability to run TBV effectively. I am working very closely with the TBV Committee to finalise the budget for 2009 and I am hopeful that we can agree very shortly.
The TBV Committee have asked me to include this statement from them:
‘The committee are currently studying the accounts for year end December 2008 and the proposed budget set by Sharon Management for 2009 and are waiting for some of the queries raised to be answered before it can be approved.
In the meantime the committee feel it is imperative that all owners pay their maintenance fees up until April 2009 so that wages and bills can be paid by the management company in order to keep Turtle Bay site running smoothly.
We, therefore, suggest that owners pay their fees at 2008 prices until we have finalised the budgets. It is likely that the maintenance fees for 2009 will in crease. Payments can still be made into the HSBC account (details attached)until we resolve the issue with the developer and Ariel about the change of name and its implications from Sharon Management to Resco.’
Turtle Bay Owners’ Committee
I would like to thank you in advance for your help.
Yours Sincerely
Simon Hall
TBV Gen. Manager
Dear Turtle Bay Village Owner,
I am writing to you to introduce myself and to inform you of some of the changes we are hoping to achieve in TBV this year.
I look forward to meeting with you all when you visit TBV and I am looking forward to working with you to improve the Village.
The team, here at Resco, are working on many areas around the Village and also on our systems and procedures in order that we can improve our supporting role for our owners.
We have spent time listening to and reading our owners’ opinions and are keen to implement changes where ever possible in order that we can improve our service.
We are expecting the landscape to establish itself this summer and we have already started to re-distribute shrubs to various areas that were previously a little bare. We will monitor the growth this year and assess all areas. We are hoping, also, to introduce some other fast growing, drought tolerant trees and shrubs to the village that will have a visual impact on the site.
We are also hoping that the infrastructure of the village will settle in order that we can free some time to introduce improvements.
We have a lot to achieve, and with the backing of our owners, and close work with the TBV Committee I am very keen to see how much of a difference we can make.
In order that we can implement these improvements, we require adequate funding and I would ask our owners to please keep their accounts up to date. I realise there has been confusion over the maintenance fees but to stop paying all together has a huge effect on our ability to run TBV effectively. I am working very closely with the TBV Committee to finalise the budget for 2009 and I am hopeful that we can agree very shortly.
The TBV Committee have asked me to include this statement from them:
‘The committee are currently studying the accounts for year end December 2008 and the proposed budget set by Sharon Management for 2009 and are waiting for some of the queries raised to be answered before it can be approved.
In the meantime the committee feel it is imperative that all owners pay their maintenance fees up until April 2009 so that wages and bills can be paid by the management company in order to keep Turtle Bay site running smoothly.
We, therefore, suggest that owners pay their fees at 2008 prices until we have finalised the budgets. It is likely that the maintenance fees for 2009 will in crease. Payments can still be made into the HSBC account (details attached)until we resolve the issue with the developer and Ariel about the change of name and its implications from Sharon Management to Resco.’
Turtle Bay Owners’ Committee
I would like to thank you in advance for your help.
Yours Sincerely
Simon Hall
TBV Gen. Manager
Snagging & Electric Meters
Snagging Drop-in Service
We are happy to announce that the snagging drop-in service will also be open at Turtle Bay Village on Mondays between 4pm - 5pm for a period of 8 weeks from Monday 9th March until Monday 27th April 2009 inclusive.
Electric Meters
Phase Two & Villas without Electric Meters
We have been informed by Kibtek that your electric meter is due to be fitted within the next few weeks. Once you receive your first electric bill, please can you arrange to go to Kibtek (electric board in Kyrenia) to transfer the meter into your name. Instructions on how to do the name transfer would have been given to you when you took possession of your property. Once you have done the name transfer please do not forget to give us a photocopy of the deposit receipt.
Phase One & Villas with Electric Meters
If you have already had your meter fitted and you haven't transferred the meter into your name please can you do so as soon as possible. Instructions on how to do the name transfer would have been given to you when you took possession of your property. Please can you also give us a copy of your deposit receipt. As the electricity meters have been fitted for a while now we will be disconnecting all meter's which are still in our company name from 4th May 2009.
Electric Deposit Receipt
It is important that you keep the original as if you decide to sell your property the new owner should pay a deposit to Kibtek to transfer the meter into their name and you will be able to get a refund from Kibtek for the deposit you have paid.
We are happy to announce that the snagging drop-in service will also be open at Turtle Bay Village on Mondays between 4pm - 5pm for a period of 8 weeks from Monday 9th March until Monday 27th April 2009 inclusive.
Electric Meters
Phase Two & Villas without Electric Meters
We have been informed by Kibtek that your electric meter is due to be fitted within the next few weeks. Once you receive your first electric bill, please can you arrange to go to Kibtek (electric board in Kyrenia) to transfer the meter into your name. Instructions on how to do the name transfer would have been given to you when you took possession of your property. Once you have done the name transfer please do not forget to give us a photocopy of the deposit receipt.
Phase One & Villas with Electric Meters
If you have already had your meter fitted and you haven't transferred the meter into your name please can you do so as soon as possible. Instructions on how to do the name transfer would have been given to you when you took possession of your property. Please can you also give us a copy of your deposit receipt. As the electricity meters have been fitted for a while now we will be disconnecting all meter's which are still in our company name from 4th May 2009.
Electric Deposit Receipt
It is important that you keep the original as if you decide to sell your property the new owner should pay a deposit to Kibtek to transfer the meter into their name and you will be able to get a refund from Kibtek for the deposit you have paid.
Tuesday, March 3, 2009
Landscaping
Having initially planted over 35,00 plants across the Turtle Bay site, RESCO have now started transporting and re-planting to areas which are in need of more and will continue to do so over the following months.
Once the warmer weather arrives we will again review the situation regarding the grass as we are assured by the landscapers that the grass will improve over the next few months.
Once the warmer weather arrives we will again review the situation regarding the grass as we are assured by the landscapers that the grass will improve over the next few months.
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