“It’s shameful:” Condo board asks residents to pay more than $20,000 in special assessment fees

/ Owner - May 1, 2024

Owners at the Regency Gardens Condominiums got notices saying their board plans to pass a special assessment on May 15th.  According to the notice, the smallest homes in the condo will need to pay $11,148.42 for the assessment, and the largest homes, are will need to hand over $22.104.69. …. According to the condo board attorney Keith Skorewicz, the association must make up a more than $17 million dollar gap in reserve funding as required by State law.  For years, condo boards could waive reserves that cover deferred maintenance, but after the surfside condo collapse, lawmakers changed that.    Read the article…………………………….

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