The Danger of that Special Resolution 6

This is what came out of a meeting of the Kensington Residents Association on 1st October 2017:

AGM Resolutions & Special Resolution 6

The KCTMO AGM takes place on Tuesday 17th October to end its management agreement with RBKC. But the KCTMO is trying to push through a Special Resolution 6 to make important changes to the Articles of Association. This is for the purpose of winding up the LTD company however this also give both RBKC and the TMO the right to end the Modular Management Agreement (MMA) at any time.

After the announcement made by Kim Taylor-Smith on Wednesday evening the 27th September and the announcement of the KCTMO AGM it would appear that the KCTMO have agreed to end the agreement in modules over the coming months (no time frame given)

The Special Resolution 6 gives the right to the RBKC to become the soul member of the KCTMO after Special Resolution 6 is inserted into the current Article’s of Association of the KCTMO where currently only the KCTMO members have the right to vote.

Apposing the Special Resolution 6 ensures that the KCTMO members have to be consulted before either RBKC OR KCTMO can end the MMA.

3. AGAINST:  Re-appointing of Auditors, we would like independent Auditor’s to be appointed.

4. FOR: Auditor’s remuneration. The new Auditor’s should be paid.

5. FOR: Termination of Management Agreement with the TMO. Yes we do want the TMO to end with the partnership and co design of residents in the formation of our future 

Special Resolution 6

AGAINST: Charges to the Articles of Association. Because all TMO members would loose their vote if either RBKC or KCTMO ended their MMA agreement without consultation of the TMO members.

UPDATE (4 October 2017):it is both resolutions 5 & 6 which TOGETHER, represent danger.