On Saturday 31 August 2019, Trustees and owners met for their Annual General Meeting at the Convention Centre in Palmerston North.
Around 100 owners and whānau came to hear what the Trust has been working on over the past year and the strategic thinking that has gone into the property developments that are being progressed.
An election was held and Matthew Love-Parata, Mark Te One, and Wiki Michalanney were re-elected for another three year term and we congratulate them on their success and look forward to continuing the good work they are doing as Managing Trustees.
The Chairman, Liz Mellish, provided attendees with some great news at the meeting with a major milestone achievement. That was that the Assets for the Trust have reached the $100 million mark! $103,551,766 to be more precise.
Some other key headlines that the Chairman raised as being significant for the Trust were:
- Trust Equity – $70,858,287
- Net Surplus After Tax – $7,512,696
- An increase in the value of properties by $5,423,062
The property developments continue to be a constant focus for Trustees, and the Chairman guided owners through Te Ao Amua, The Future projects coming up. These are now outlined on this website so that you can see updates as they happen.
The new website was revealed at the AGM and it looks fantastic. We had a number of owners come up afterwards to talk about the GenerosityNZ website. Take a look under Owners Information to read more about the grants and scholarships that are available through that website. There are over 4000 grants and scholarships available!
The meeting concluded with kai and with full bellies everyone departed on the buses back to Wellington and to Hawera. We celebrated reaching the $103m mark with 103 cupcakes and there were plenty for owners to take home, mine didn’t last that long.