Remediation work on Sydney's beleaguered Mascot Towers can now begin after unit owners agreed to pay a special $7 million levy.
Residents of the complex’s 132 apartments were evacuated in mid-June due to cracking in the primary support structure and facade masonry, and have since been living in temporary accommodation.
At an extraordinary general meeting on Thursday night, owners passed a motion to pay the $7 million levy plus GST, rather than a previously estimated levy of $10 million which included a contingency fund of 30 per cent.
The vote – which took place after 11pm – was not unanimous.
The sum will be raised by apartment owners and will pay for stages one and three of the complex’s remediation work.
The total cost is now expected to be more than $10 million but less than $20 million.
Engineers investigating the cause of the problems told owners at the meeting that some residents may be able to return home in the new year.
They also presented findings from a report into what may have caused the cracking.
AAP understands residents were given engineering advice that links the building’s issues to Aland’s nearby development at 27 Church Avenue.
Lawyers for the owners’ corporation and state government representatives had also been expected to address the meeting.
Earlier on Thursday, residents were told the NSW government had agreed to extend rental assistance for the displaced residents by another six months, out to March 2020, subject to an agreed funding deed.
Aland has been contacted for comment.
Image Source: Daily Telegraph