FLORIDA – Fountain Gate Condo owners opposed to proposed $20k special assessment fee
CCFJ.NET: Fountain Gate Condo owners opposed to proposed $20k special assessment fee
The HOA is securing a loan for a $1.5 million project. To pay back the loan it is imposing a special assessment, approximately $20K per unit, to be paid monthly over seven years.
Article Courtesy of First Coast News
Published August 2, 2018
The Fountain Gate Condominium community was built in the 1980s and now some of the buildings are in need of repair. The wood siding is rotting. Many of the property owners are aware of the need, but there is growing outrage over a special assessment fee to meet that need.
“They feel like we’re being railroaded in this because most of the homeowners are on a limited budget,” said Jody Kilgore, “they’re retired.”
Kilgore owns a unit, she is also a director on the Homeowners Association Board. But Kilgore is against the current proposal to impose a fee on the owners for repair.
“I think we need to listen to the people’s vote,” she said.
She acknowledged the need for the repairs but believes the unit owners are being left out of the decision-making process. Read more: