The summary schedule of costs for the period 1st July 2019 to 30th June 2020, and a letter that has been sent to residents of privately owned properties, can be viewed and/or downloaded below. Tenants of Colne Housing & CHP will receive notifications directly from those organisations.
2019/20 Schedule of Costs (as at 4th October 2019)
2019/20 Site-Wide Costs Schedule
2019/20 Service Charge Cover Letter
The overall Service Charge budget has been split into key categories as shown on the Schedule of Costs. A ‘CCMC Sub Total’ represents costs that are directly attributable to our part of the Channels development (Phase 1/2) and the Site-Wide Estate Charge represents our share of the costs (mainly grounds maintenance) that cover all phases of the Channels development.
The figures shown on the Schedule of Costs are estimated budgetary values however actual costs could be higher or lower depending on events that occur throughout the year. It is the responsibility of the RMC, assisted by POD Management, to review allocation of costs where necessary and to ensure there is robust and appropriate management of the budget in order to deliver against statutory requirements.
The Service Charge that residents are required to pay is comprised of a Core Estate Charge and additional charges that pertain to specific units, as outlined below:
Core Estate Charge
The sum of £84,791 covers both Phase 1/2 specific & Site-Wide costs and represents the core charge that every resident or tenant will contribute towards. There are 278 units on the Bellway phases and the Core Estate Charge has been split equally across that number of units.
All units have a budgetary charge of £305 allocated to them for which the half year demand is £152.50.
Hard Surface Area Costs
The sum of £675 covers Phase 1/2 specific costs however pertains only to a small number of properties which have responsibility for the upkeep of private roads. The budget has been split equally across the 5 units for which these costs apply and as such represents an addition to the Core Estate Charge.
These units have an additional charge of £135 allocated to them for which the half year demand is £67.50.
Apartment Charge
The sum of £9,319 covers Phase 1/2 specific costs however pertains only to the Brassie Wood apartments. The budget has been split across the 29 units for which these costs apply and as such represents an addition to the Core Estate Charge.
These units have an additional charge of £321 allocated to them for which the half year demand is £160.50.
Retail Unit
The sum of £225 covers Phase 1/2 specific costs however pertains only to the retail unit/office which forms part of the Brassie Wood apartment complex. The budget has been directly allocated to the unit for which these costs apply and as such represents an addition to the Core Estate Charge.
This unit has an additional charge of £225 allocated to it for which the half year demand is £112.50.
Note for Colne/CHP Tenants
It is important to note that Colne and CHP tenants will receive budget information and demands directly from those respective organisations, not from POD Management, and that there may well be separately agreed approaches which govern how funds are collected and the contributions that are made.
Site-Wide Costs
RMC Directors, in conjunction with the CRCG Committee, have raised a number of questions in relation to the site-wide contributions that we make and as yet satisfactory answers have not been received. The position is outlined in an open letter to all residents which can be viewed and/or downloaded here.
Note:
For reference purposes, the Service Charge Budgets for the previous 2 years can be found below:
2018/19
2017/18
Andrew Wright, Director
Channels (Chelmsford) Management Company Ltd
Channels (Chelmsford) Management Company Ltd 