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The fly in the ointment is going to be this: the owners of the condos at Surfside were most likely not told of a dire situation developing. Yes, they were made aware of problems that existed, but these problems were not related to them as potentially dangerous or life threatening. Had they been advised that some of the problems needed immediate attention and were dangerous, they most likely would have agreed to pay for those repairs. Those of us that live in condos are always asked for money for one thing or another---and often we say, hell no, we aren't paying for that. I don't blame those poor people--- they just were not made aware of the dire situation developing.
I dont believe that the owners had to come up with the money right away. A line of credit to cover the costs had been established.
The owners were going to be assessed in amounts ranging from $80,000 to $200,000.
The association had taken out a $12 million line of credit to pay for the repairs and was going through a careful, step-by-step process to get them done, Ms. Berger said. She said that such a process could seem more like moving a commercial tanker than a speedboat, always involving pushback and debate as board members decided on what to tackle first and how much of a cost to impose on homeowners. “Nobody likes a special assessment,” she said.
The coronavirus pandemic also slowed progress on getting repairs underway, she said.
“It’s upsetting to see these documents because the condo board was clearly made aware that there were issues (in 2018),” Ms. Salzhauer said. “And it seems from the documents that the issues were not addressed.”
Engineer Warned of ‘Major Structural Damage’ at Florida Condo Complex
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