Posted on 06/27/2021 8:33:55 AM PDT by TheWriterTX
Does anybody know if there were pilings or caisons in the foundation? Or it could have been a failure at the top.
I feel it should have been condemned in 2018 which would have forced the board and HO to bite the bullet and pay for repairs. Would have been cheaper than what they are now up against. If they voted no than insurance companies will probably tell them to pound sand
You’ve got to become a elebators inspector first... ;-)
Good post!
Clear and to the point. Thx.
One question could be clarified: was this originally built as a condominium property or the more likely, converted from apartments?
I want my elebator!
Great post.
I am not an attorney, but common sense suggests that they would. Remember, if there is a lawsuit against the Association, and there is insufficient or no insurance to cover it, the owners collectively are on the hook. This community will be bankrupted by this event. They are suing each other.
Further, most management contracts have an indemnification clause. If management gets sued, the Association pays. Managers act at the direction of the Board. They are facilitators of the board’s decisions.
I have personally authorized fire life safety repairs above my spending authority without seeking prior approval because my contract allows it. A project of this size could not be done without board and/or owner approval.
Very good write up. After 40 years of apparent stability it was easy to get complacent.I wonder how many of the dead would have voted to spend the money needed?
Thank you.
was this originally built as a condominium property
Always was a condo
Check out this security video from inside a condo unit, the building appears to be crumbling like snow then it falls.
Thanks CGAS
Sorry, I do not know if it was a conversion.
If it was, then foundation issues should have been addressed during the rehab prior to the City issuing the final certificate of occupancy.
Well done! Thanks.
If there is a big, expensive repair needed, and the association does not have enough money set aside to do it, then the Board must call for a special assessment to raise the money. The special assessment is in addition to the regular monthly assessments and must be approved by the owners (usually 67% must vote yes).
That is why the first suit filed yesterday was against the homeowners association.
Glad I am not a board member of that mess (or any other).
Not a constructive post.
Example:
“If the manager brought this to the board and the board did not move ahead, the liability is now on the board and there is nothing the building manager can do other than resign.”
So the management company kept collecting the management fees every month, even though the knew there were structural issues and had raised them to the board?
I would not want to be your insurer.
I was a security guard for seven years at the first large condo on the Beach here, buil in the 70s. The politics and stubborness and stupidity of the owners and even the Board was amazing. it determined me that I would never buy a condo nor would I have a house subject to an HOA. They paid fines for the faulty fire alarm and suppression system for many years until they were told that they had to replace the old and finally totally nonfunctional system with a new one or the building would be condemned and everyone would have to vacate.
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