Special Assessment Meeting

Last night the BOD passed the following Special Assessments (amounts are approximate):

• Building 22: $989 ($166/unit) [hurricane expenses]
• Building 25: $192,642 ($32,108/unit) [building refurbishments]
• Building 26: $354,754 ($29,563/unit) [building refurbishments]
• Building 44: $206,135 ($34,356/unit) [building refurbishments]

Apparently owners can arrange to make payments over a 10 year period, or they can pay in whole before Jan 15th to avoid fees associated with the Association's construction loan. Specific information will be mailed to each unit owner affected by the Special Assessment.

Buildings 28, 29, and 42 are invited to a pre-Assessment meeting on January 10th, which will be followed by the Special Assessment meeting on January 17th.


The meeting was attended by the Property Manager and the following Board members: Manny, Prentis, Ben, and Bryan. Unit owners from several buildings were also present.