Greeting from the Chairperson of the Council of Owners
On behalf of the Council of Owners, I would like to thank you for visiting our web site. We hope it is because you are a current owner, or a prospective owner who is considering joining us in Riverglades Private Estate. If you are a prospective owner, we are sure you will find that Riverglades Private Estate is an excellent estate to relocate to, or invest in. It is a little hidden gem nestled peacefully on the banks of the Serpentine River.
Riverglades Private Estate is run by a Council of Owners. The Management Team has vast Business, Marketing, and Accounting experience to draw from.
Management
Like all strata developments, all owners at the Riverglades Private Estate are automatically members of the Strata Company. All 199 lots have a single voting entitlement.
The affairs of the Strata Company are managed by a Council of Owners that meets formally once per month. Members of the Council are elected at Annual General Meetings (AGM’s) or Extraordinary General Meetings (EGM’s). At present the Council of Owners is internally divided into the following sub-teams according to the expertise of the owners on the Council:
-
- Office Sub Team
- Grounds and Facilities Sub Team
- Finance Sub Team
Only owners can be elected to the Council of Members. However, the Council does receive the invaluable professional support from some members or owners’ families. Some current members of the Council are as follows:
Strata Company Enquiries Office
Each Wednesday morning from 9am to 12pm, the Office Sub Team mans the Enquiries Office that is located at the entrance to the Riverglades Private Estate. Their details are not listed above.
All records for the Strata Company are kept at the Enquiries Office.
Post Box
A post box is located opposite the Enquiries Office.
General Information Regarding the Strata Titles Act
The Riverglades Private Estate Financial Year spans from October to September.
Annual General Meetings (AGM’s) are usually held in December of each year.
Extraordinary General Meetings (EGM’s) can be called for a specific need and thus may occur at any time with provided the appropriate notice is given to all owners.
AGM voting can be either by a show of hands with each hand only having one vote regardless of the number of units that voter may own. (Each unit at the Resort equals a single vote.) This method is used when a big majority is on one side of a vote to save time. Alternatively, if the vote is close, a written ballot is held with each owner voting in accordance with the full unit(s) entitlement held. The majority vote carries the day. There is no casting vote situation.
Levies
Levies are collected quarterly. The current quarterly levies (effective from July 1st 2024) per unit are $400+GST.
All levies are to be paid in time according to the levy invoice sent out by the Council’s Finance Team. Any late payments are subject to 15% penalty under the Strata Titles Act unless the Council of Owners determines a good reason for delayed payment is applicable. Note that it is in the sole prerogative of the Strata Company to make this decision.
Levies are to be paid in to the bank account of Riverglades Private Estate electronically. Cash, cheque or credit card payments will not be accepted.
The Strata Company successfully amended Schedule 1 of the Strata Act By Laws to allow it to charge legal costs associated with collecting any levy or other amount owed to the Strata Company and overdue for payment.
Riverglades Private Estate 