LoriC9 (Florida)
Posts: 1
Posts: 1
Posted:
At an annual meeting everyone voted to have our roads throughout the condo complex repaired and re-paved. A bid was accepted and approved and the work was completed two weeks ago. One week ago an emergency meeting was called by posting notices around the complex regarding an emergency assessment needed now to pay for the work. As a volunteer and an owner, (I do not live there fulltime) we were told from the beginning that there were enough funds to cover the cost, come to find out, the money was not exactly there, but the board was anticipating a large refund from our insurance company related to the passed hurricanes, which has not been received. Now the bill is due from the road repairs and they are assessing everyone 253.00 to 350.00 depending on whether you own a one or two bedroom unit due on Feb. 18. Can we do this? My concern is how can we as a board tell our owners that the money is there to do a large project, when it really isn't, and they knew this, hoping the money would arrive in time. They have however, promised to "refund" the owners that do pay this assessment when the money does arrive. Should we just be moving some money from another area, and replace it when the money comes in??