Posted by AndyS (Director's Hat on) on December 22, 2007, 8:49 pm, in reply to "Re: Managment fees from R&R"

OK. re the lift. I am not going to go into too much detail as I don't have the letter and exact breakdowns to hand. One of the Chart House lifts has suffered a major control failure and the only solution to this is the complete replacement of both control units. The reason is that both of the lift mechanisms are linked and have been since construction. We have explored a few possibilities and will continue to do so. One thing that we looked at is getting a loan to spread the cost to the building, but this isn't possible for the main reason that we cannot get it secured as that would involve mortgaging one of the buildings. In terms of the works needed, I will let one of the other directors respond in more detail, but we are satisfied that there is no other option available that would be cheaper and satisfactory. We have looked into other possibilities and there is not an acceptable one. The lifts had an anticipated service life of 20-25 years, and so in response to two of the posts above, we didn't anticipate this level of expenditure before the anticipated demise as the lifts had been functioning perfectly well until this happened and so we saw no need to accelerate previous demands. Yes, we are aware that this is unpalletable and we are still seeing what can be done about it. However, we had no way of seeing this coming and whilst we attempt to keep charges down wherever possible, we felt that functioning lifts in the Chart House was necessary for the good running of the Estate.

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