ScottH21 (Florida)
Posts: 7
Posts: 7
Posted:
Great site here with a lot of knowledge. I have been scouring the internet and many threads on this forum trying to understand MRTA and Revitalization before I go down that rabbit hole!
I am 2nd year board member in a relatively small Florida HOA. Just discovered that MRTA would have done it's extinguishment thing on nearly (most likely) all of our lots around 2010. Here is the situation:
Approximately (or the sake of anonymity) 100 lots, most with homes built.
Governing docs were recorded in 1980.
Nearly all lots were sold by developer in 1980 with a few stragglers in 1981-83.
In those first deeds or "root of title" deeds, there is specific reference to Official Records: i.e
"Subject to
(1) conditions, restrictions and limitations in Declarations of Restrictions... Official Records Book 123, pages 1-10...
(2) Articles of Incorporations....
(3) Bylaws of "Belly-Acres HOA"...
(4) Easements ...recorded in.....
All of the subsequent deeds (after root of title deed) I have viewed so far do NOT make reference to the specific Official Records Book page & number. They only make a generic statement like:
"Subject to restrictions, reservations, and easements, if any."
So I believe nearly every lot will have covenants extinguished by MRTA
We only have one common property in the HOA, a unique 10 acre tract of land (not a golf course.) No clubhouse / no community roads - all county roads.)
Half of the member's lots border and have access to said 10 acres and the other have do not. I'm confident that all of the members with access will vote in favor of revitalizing so as not to loose access. Many of the ones without access will still likely vote but I suspect there will be some members wishing to not revitalize.
I have read through section III of 720 and many articles online but still have some questions. My questions are:
If by chance there some lots (10 for example) with covenants/restrictions that were adequately preserved by properly referencing the Official Records after 1989 but before 2010-ish (30 years after most root of title deeds were recorded), would we need a vote of all 100 members? Or just the 90 members that have been extinguished by MRTA?
For those that have been through the process, how much did you spend on revitalization and how many units or lots do you have?
How long did it take?
Did you have lawyer or property manager make a presentation with a Q&A session for the community? How did it go?
Of the members that don't want to revitalize, what are their rights to stay out of the revitalized association? If homesteaded? If not homesteaded?
I don't think we'll have a problem getting a vote to revitalize and hope that all members will want to revitalize. But if there are some that don't, I don't want a drawn out fight that will waist time, energy, and money... and also be fuel animosity in the neighborhood. Will plan to be open, honest, and transparent and hope they will vote to stay in, but don't want to force them back in if they don't want to.
We will be hiring a lawyer soon to start this process. I'm just trying to get a better grip on this process so I can explain to neighbors where we stand before rumors start running rampant about what homeowners can and cannot do; what will and won't happen, etc.
Thanks in advance for any insight on these issues.
Scott
I am 2nd year board member in a relatively small Florida HOA. Just discovered that MRTA would have done it's extinguishment thing on nearly (most likely) all of our lots around 2010. Here is the situation:
Approximately (or the sake of anonymity) 100 lots, most with homes built.
Governing docs were recorded in 1980.
Nearly all lots were sold by developer in 1980 with a few stragglers in 1981-83.
In those first deeds or "root of title" deeds, there is specific reference to Official Records: i.e
"Subject to
(1) conditions, restrictions and limitations in Declarations of Restrictions... Official Records Book 123, pages 1-10...
(2) Articles of Incorporations....
(3) Bylaws of "Belly-Acres HOA"...
(4) Easements ...recorded in.....
All of the subsequent deeds (after root of title deed) I have viewed so far do NOT make reference to the specific Official Records Book page & number. They only make a generic statement like:
"Subject to restrictions, reservations, and easements, if any."
So I believe nearly every lot will have covenants extinguished by MRTA
We only have one common property in the HOA, a unique 10 acre tract of land (not a golf course.) No clubhouse / no community roads - all county roads.)
Half of the member's lots border and have access to said 10 acres and the other have do not. I'm confident that all of the members with access will vote in favor of revitalizing so as not to loose access. Many of the ones without access will still likely vote but I suspect there will be some members wishing to not revitalize.
I have read through section III of 720 and many articles online but still have some questions. My questions are:
If by chance there some lots (10 for example) with covenants/restrictions that were adequately preserved by properly referencing the Official Records after 1989 but before 2010-ish (30 years after most root of title deeds were recorded), would we need a vote of all 100 members? Or just the 90 members that have been extinguished by MRTA?
For those that have been through the process, how much did you spend on revitalization and how many units or lots do you have?
How long did it take?
Did you have lawyer or property manager make a presentation with a Q&A session for the community? How did it go?
Of the members that don't want to revitalize, what are their rights to stay out of the revitalized association? If homesteaded? If not homesteaded?
I don't think we'll have a problem getting a vote to revitalize and hope that all members will want to revitalize. But if there are some that don't, I don't want a drawn out fight that will waist time, energy, and money... and also be fuel animosity in the neighborhood. Will plan to be open, honest, and transparent and hope they will vote to stay in, but don't want to force them back in if they don't want to.
We will be hiring a lawyer soon to start this process. I'm just trying to get a better grip on this process so I can explain to neighbors where we stand before rumors start running rampant about what homeowners can and cannot do; what will and won't happen, etc.
Thanks in advance for any insight on these issues.
Scott