What do we do if a few owners in a condominium are concerned about misuse of funds either by the management company or the board? A large construction project (concrete restoration) was started without notifying the owners. There had been talk for over a year about the project starting. The board and management company were supposedly comparing bids and trying to secure financing for the project. The entire scope of work included, concrete restoration, new windows, a new roof and paint but we were not sure if the building could secure financing for the necessary amount. Each unit (60 total) was to be assessed approximately $15000 for the work. In the spring of 2014 the building was marked up all over with orange spray paint by one of the potential contractors for the job, supposedly as part of the estimate process. We lived in the building covered in these marks until December 2014, when work suddenly began. No one said anything, no notice was given. We do not know what the scope of work entails or how much it will cost. Our building has no reserves so the owners will be assessed for something for sure. The management company does not return phone calls (and never has). The board members hide in their units. No board meetings are scheduled until the elections in February 2015. How would you advise us concerned owners to proceed?
Coral Ridge Condominium
4501 NE 21 Ave
Fort Lauderdale, FL 33308
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