EURO 7 RESIDENCE — 12.05.2026 — ORDINARY GENERAL ASSEMBLY MEETING MINUTES
For the purpose of holding the Ordinary General Assembly Meeting of Euro 7 Residence, registered at Yangılı Street, Kurt Safir 7 B Block No: 7 B / 1, located at Plot 7, Block 457, Mahmutlar neighborhood, Alanya district, Antalya province, as notified to the property owners, the meeting convened on Tuesday, 12.05.2026 – the date of the 1st Meeting – at 10:00 in the meeting room of Euro 7 Residence, and the roll call proceeded.
Opening, roll call, and signing of the attendance sheet by the participants
Roll call was conducted; out of a total of 88 property owners, 28 in person and 27 by proxy, totaling 55 participants were identified. As this was the first meeting date, quorum was achieved in accordance with the Condominium Ownership Law, and the meeting commenced.
Election of the Meeting Chair, Meeting Secretary, and Vote Counter
Candidates wishing to stand for Meeting Chair and Board Clerk were asked;
Following the vote:
- For Meeting Chair: Cornelis Marinus Maria van Hoof
- For Meeting Secretary: Kemal Can AYDOĞAN
- Vote Counter: Padraig Corcoran
The elected Board members were authorized to sign the General Assembly Meeting Minutes. The Meeting Chair stated that conducting the meeting in accordance with the determined agenda would be more appropriate for the flow of the meeting, and proceeded to the 3rd agenda item.
Presentation of the Auditor’s Report, Presentation of the Management Activity Report, and Discharge of Accounts for the Previous Period
Tuğberk Urşan gave participants 5 minutes to review the financial reports prepared for the previous period covering 01.01.2025 – 30.12.2025.
Auditor Paul John Adair took the floor, stating that he had personally examined the accounts; in his review of income and expenses: the resolution book and other books were kept in accordance with the required procedures, receipts and documents for expenditures were kept in separate files by expenditure category, and he confirmed that he approved the accounts.
Mr. Tuğberk took the floor and stated that the other supervisory board member, Küçük Hüseyin Aslantaş, had visited their offices and physically inspected all receipts and invoices.
Mr. Tuğberk stated that all income and expense invoices and receipts for the current period are available, and that participants who wish to review them may do so after the meeting or by visiting the office.
Presentations on the previous period were made:
KTurkey representative Tuğberk Urşan presented the budget and actual report for 1 January 2025 – 31 December 2025, and presented the monthly income and expense report. Mr. Tuğberk stated that the same reports can be accessed in greater detail 24 hours a day, 365 days a year online at online.turkey.com website. Several property owners indicated they were unable to log into the online system and reported problems with their usernames and passwords; new user credentials were provided to these flat owners after the meeting. The list of debtors was presented.
A proposal was made to move the financial period to April 30, but it was not accepted. The issue of the 34,400 TL debt for duplex units in Libor Pimek’s 2026 debtor list was discussed. Mr. Tuğberk explained that at the 2025 Ordinary General Assembly, the fees were converted from Euro to TL; however, while standard units were calculated at an exchange rate of 1 Euro = 43 TL, due to confusion during the meeting, duplex units were erroneously calculated at 1 Euro = 37.7 TL, and for this reason, an email was sent to duplex owners after the meeting.
It was decided by majority vote to correct the error by recalculating the 2026 annual fees – determined at the previous year’s Ordinary General Assembly – as:
- 600 Euro = 25,800 TL (at 1 Euro = 43 TL) for standard units
- 800 Euro = 34,400 TL (at 1 Euro = 43 TL) for duplex units
And to collect this debt at the same exchange rate.
The accounts for the period 1 January 2025 – 31 December 2025 were discussed at the meeting; questions were repeatedly solicited, and the accounts were approved by majority vote following the vote. No objection or reservation was expressed.
Election of the Management Board Chair
The Board Chair proceeded to form the new Management Board for the 2026–2027 period. Participants were asked for candidates wishing to serve on the Management Board, and the names of candidates were put to a vote one by one. The voting results are as follows:
- Tony Dodd: 41 votes,
- Tatiana Sommer: 38 votes,
- Stephen Bedford: 31 votes,
- Cornelis Marinus Maria van Hoof: 24 votes,
- Gijsbertus Petrus Maria van den Braak: 24 votes.
As a result of the vote, Tony Dodd, Tatiana Sommer and Stephen Bedford were elected as Board committee for the 2026–2027 period by majority vote. The elected Board committee were authorized with two-thirds signatory authority.
Audit Committee Election
Candidates for the supervisory board election were requested; Paul John Adair was nominated as a candidate. As no other candidate came forward, he was directly elected as Auditor.
The management company KTurkey, as listed in the budget plan, had its contract automatically renewed for one more period in accordance with the relevant clause of the previously signed contract, as no additional vote was requested.
Discussion of the Budget for the Upcoming Period
The operating budget for the year 2026 was presented to the participants by Mr. Tuğberk, and possible additional projects that could affect the budget were also evaluated during the meeting.
The auditor Mr. Paul suggested that it is better to change the period due to the general meeting of Euro 7 always in May and we speak about the January to January period so it is not the current situation of the general meeting date. There were no decision about this suggestion, the subject closed.
Some participants requested a vote on making fee payments in Euro (€) as before. As a result of the vote, it was decided by majority vote, with 37 votes in favor, to convert the fees to Euro.
Following discussions and voting, in accordance with Article 20, Paragraph 1 of Condominium Ownership Law No. 634, the fees for the year 2027 (01.01.2027 – 31.12.2027) were determined as follows:
- Annual fee for standard units: 600 Euro
- Annual fee for duplex units: 800 Euro
This decision was adopted by majority vote with 37 votes in favor. No objection or reservation was expressed.
In addition, it was decided that as of 15.06.2026, enforcement proceedings may be initiated against title deed holders who are more than 3 months in arrears on their fee payments for the 2026 period (01.01.2026 – 31.12.2026), and that all resulting costs and interest shall be collected from the respective debtors.
It was further decided that in the event of late or non-payment of fees, legal proceedings may be initiated together with statutory late payment interest on the full annual fee amount; and that all obligations, including accruing interest, costs, and attorney’s fees, shall be borne by the fee debtor.
The newly elected board members took the floor and asked KTurkey officials whether there is a plan for painting the site. KTurkey representative Mr. Tuğberk took the floor and stated that the painting work needs to be tied to a specification; this specification should, as standard, include sealing of balcony joints, isolation of balcony railing and guardrail connections, and silicone and isolation work on window edges as preparation before painting, after which the paint applied would maintain its condition for many years. In this context, it was decided at this meeting by the participants to vote on obtaining quotes from different companies to the same standard and, after reviewing the proposals, to hold an extraordinary meeting.
Requests and Wishes
In this part of the meeting, proposals submitted by property owners were considered.
- A water leak problem experienced in one of the duplex units was raised; a request was made for an insurance expert to determine whether the problem originates from a common area or from an awning structure erected by the unit itself.
- The newly elected board members were authorized to investigate the matter of constructing an awning in the parking area and to make a decision thereon.
Closing
The Board Chair announced that, following the discussion and resolution of all agenda items, the meeting was concluded at 12:15. The date of the next ordinary general assembly meeting will be announced by the elected management board.
MEETING CHAIR MEETING SECRETARY
Cornelis Marinus Maria van Hoof Kemal Can AYDOĞAN