Sales Information for Lakewood Cove
Lakewood Cove is the name for the 70 new townhomes being built between Tivoli Court and Lake Worth Rd at the Lake Worth gate.
According to the builder (Lennar), they will be selling in the $400’s.
Link to the Lennar brochure with pictures and floor plans:https://online.flippingbook.com/view/510441362/
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Some pictures of the construction as of Nov 2022
Richard,
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My understanding is that Concert/Rigewood currently owns the North roads and wants to get rid of them because they don’t want to maintain them. There is a strong possibility that PB County may force them to widen and modernize the roads (adding curbs, pedestrian walkways, etc.). The costs of this upgrade are likely to be many millions, way more than the cost of building the Southern gate that Concert/Ridgwood proposes in exchange (around $500,000).
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The same goes for the old FCO buildings that they want to offload the maintenance to the FCO, again leaving us on the hook for a lot of wasted money and liability.
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Why would anybody want to own a depreciating asset that will require a significant capital investment later? We have yet to hear why it is so important for the FCO to own property. Remember, FCO is just a management company. No other management company owns roads! lol. Maybe Rod Tennyson can explain it to us? Maybe we should have owned it back in the day before Concert bought it? Why didn’t FCO bid on it then? Why did we all pay for the northern gate rebuit which now Concert owns and we pay rent to? Where was Rod then? It’s way too late now, but at least we need an explanation of why it’s so important now.
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I’m having a hard time understanding why any condo association in the FCO would want to take on this liability. And then, if more associations smartly decide to leave the FCO, who will be on the hook for this property given that FCO has no legal power to assess?
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FCO can’t even upgrade its outdated accounting system for years! Now they want to take on this huge responsibility? Would this require hiring more people to manage? How much would this potentially cost every unit still left in the FCO? Could it be a few thousand dollars? Do we know? Shouldn’t we know that before making this fundamental decision?
Dear Tivoli Court Residents:
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Please read this article from The Miami Herald. It will explain a lot of what is going on in the HOAs in Florida.
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https://www.miamiherald.com/news/business/real-estate-news/article287942925.html
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If you prefer to read the text without clicking the link, the text is pasted below.
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Do we have any volunteers?
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South Florida condo associations struggle to find directors
By Gabriella M. Ruiz
Special to the Miami Herald May 13, 2024 5:00 AM
Above: South view of the Miami skyline from the roof top pool area at the Paraiso Bayviews building located in the up-and-coming Edgewater neighborhood.
Pedro Portal pportal@miamiherald.com
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The recent changes to Florida’s Condominium Act aimed at bolstering the structural elements of aging buildings are leading to increases in monthly dues for many communities, which in turn is causing a ripple effect on the willingness of owners to volunteer to serve on their association’s board of directors. Raising association budgets and implementing special assessments for specific projects can be a recipe for hostility and dissent that becomes too much to bear for even the most ardent and effective board member.
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Unfortunately, many communities are exacerbating this problem by enabling a level of disharmony to become so pervasive that it drives away their most effective leaders. For associations that are having trouble finding willing and able volunteers, owners should carefully reflect on the reasons why. At some communities, members of their board of directors are being forced to devote exorbitant amounts of time per week to association matters. They are being tasked to vet vendors, coordinate the completion of inspections and reserve studies, and oversee dramatically rising annual budgets while also controlling the daily operations of the association.
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Some of these activities would be better suited for professional property managers, whom associations should utilize as effectively as possible. For some communities, the regularly scheduled board meetings have evolved to such a level of hostility between the board and unit owners that they have become intolerable for the directors. Owners should not expect to have many volunteers for openly hostile situations, so they should do their part to avoid creating them.
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Unfortunately, some communities are home to owners who thrive on creating disruption and fostering hostile meetings by yelling and becoming belligerent. They obstinately refuse to understand and accept increases for such necessities as insurance, and they regularly disregard association rules and regulations. The distractions and commotions created by such association members can drive away effective directors.
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The issues affecting board service can also stem from within the board itself. While most boards are democratic bodies governed by majority-vote rule, some communities allow its president to make many decisions, thereby enabling this single board member to have his or her way in practically all matters. Over time, these communities lose sight of the fact that the president may be neglecting fellow directors by diminishing their views and responsibilities, resulting in fewer owners volunteering to serve.
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The solutions for all these forces acting against board service will vary for communities based on their specific situations. For some, they may simply be better served by amending their governing documents with the help of qualified legal counsel to require fewer directors. Boards consisting of only five members, typically a president, vice president, treasurer, secretary and another director, are the most common, but small communities that have trouble filling that many seats may want to consider the possibility of requiring only three. Similarly, communities with seven- and nine-member boards that are having difficulties filling them should consider eliminating two seats.
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Associations should also consider expanding their communications and outreach efforts, as well as creating new opportunities for members to become involved. Apathy toward board service can stem from a general lack of participation and awareness in association matters. Many communities now have or will soon be implementing state-mandated websites for the owners, and they should consider making ample use of those sites to maximize their communications and maintain full transparency. Enabling owners to volunteer to help with such communications and/or serve on committees can also help to develop future board members.
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For communities, the solutions to their troubles filling board seats will need to begin with the members and come from within. Like-minded members should band together and voice their concerns, and they will need to work in opposition to any forces that may be leading to a hostile and negative environment for board members and meeting participants. New leadership for the community could be in order, so owners will need to identify and support their selected candidates. Ultimately, condominium associations are controlled by their member owners, and it is up to them to make the choices that help to foster willing, able and effective directors. Given the difficult financial and administrative challenges that lie in store for many enclaves, owners should reflect on the issues impacting board service within their community and work to rectify them.
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Gabriella Ruiz Gabriella Ruiz Gabriella M. Ruiz is an attorney with the South Florida law firm of Siegfried Rivera who focuses on community association law and construction defect litigation. She is a contributor to the firm’s Newsroom blog at http://www.SiegfriedRivera.com/blog and is based at its Coral Gables office. The firm also maintains offices in Broward and Palm Beach counties, and its attorneys focus on community association, real estate, construction and insurance law. http://www.SiegfriedRivera.com, GRuiz@SiegfriedRivera.com, 305-442-3334.
Boris of Tivoli,
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Thank you!
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Not included is even more regulation that will require Association Board members financial disclosures by years end (2024).
Even more reason to engage Professional Property Management as a way to limit liability should any unintentional errors happen.
Relieving stress and reducing the time and effort put forth by a BOD will certainly open the door to a wider volunteer group.
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Wisemen
Wisemen,
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Due to the professional management provided by GRS, Tivoli Court has not experienced any difficulties in filling board seats over the past few years. In fact, we have consistently had more candidates than available positions. The professional managers from GRS significantly assist the board in managing the day-to-day affairs of our court, thereby reducing the burden on board members.
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Tivoli Court is fortunate in this regard, as we consistently have a robust pool of volunteers dedicated to supporting our community.
Boris of Tivoli
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Thank you for taking the time let other associations share in your courts experience over the last three years.
You accurately describe the positive impacts on recruitment of owners who would instinctively shy away from serving, fearing being overwhelmed by work, subject to social pressures and face accountability.
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The “PPM” removes all the obstacles and only leaves common sense decisions by the BOD employing the state -of -the- art financial tools that are available to every unity owner, every month.
The professional CAM also knows your Governing Documents as well as the State Statutes essential to keep you on the straight and narrow.
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Once the stress is removed the job can actually become fulfilling.
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Thanks again for your insight.
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Wisemen
Boris of Tivoli,
Your comment about HOA boards describes Versailles Court PERFECTLY.
Our board members are too intimidated to NOT go along with the board president.
When they try, the are shouted over.
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A professional management company would eliminate those problems. Additionally, it would also get rid of those board members who have been weaponizing their positions to carry out personal agendas. The idea that at the end of 2024, board members would HAVE TO PROVIDE FINANCIAL Disclosures might contribute to attrition of guilty board members. The board also changes court rules to suit themselves without legally filing changes with the state.
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A professional management company might be best for Versailles Court.
Professional Property Management
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The FCO unexpectedly has taken the first small step to introduce “21st Century Professional Property Management “
to its customers.
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Unlike three previous failed attempts to employ Executive Directors/CAM’ following the retirement of the indispensable Debbie Poulette, the FCO, under new leadership, has met the requirement by directly “Contracting” with Bryan Flores, LCAM/CMCA. He is not an employee.
However, his credentials are outstanding, and he has extensive experience in working with Associations diverse member personalities, for the benefit of the community.
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The combination of extensive knowledge and strength of character seem to be the prescription necessary to begin the lengthy and lest not forget costly process of transition.
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Bryan Flores has arrived at a critical time, as the 16 remaining Associations contemplate the Automatic 3- year Renewal of PM Agreements in August 2024, unless notification is otherwise delivered, in writing, to the FCO by the Association.
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“New PM Agreements” with early cancellation clauses are now subjects of many Association Board discussions as 2025 rapidly approaches.
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The first test for the collaboration of the FCO BOD, Bryan Flores LCAM/CMCA and the Individual Associations is here.
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Pass or fail will determine how property management services are rendered in the years to come.
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Be safe!
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Wisemen
The correct spelling of the new CAM’s name is: Brian Flores.
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Re: the new, 3-year, FCO Master Property Management Agreement. There is an error on Page 4 of the Contract. The new Contract dates run from January 2025 through December 2027. In Article 6, Section 1, it notes that the Termination Period is between 8/1/2028 and 9/1/2028. It should be 2027.
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The FCO is asking all Court Presidents to sign the new contracts which would go to 2028 WITHOUT providing a new budget. No President should sign this new contact without a prior FCO meeting to discuss an opt out clause. Every Board President should get their board votes/approvals. In signing off on their own, the Board President may be putting themselves at risk (legally).
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ARTICLE 6 Term and Conditions of the Agreement. Section 1. Term. This Agreement shall commence on January 1, 2025 and shall continue for a 3-year term. The Agreement shall automatically extend for an additional 3 year term unless the Association or Manager gives written notice of termination during the period between August 1, 2028 and September 1, 2028.
Nancy,
Thank you for the correction on the spelling of “Brian”.
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Surely do not want to confuse “Bryan” of CGP with the new FCO LCAM, i.e. FCO Management LLC.
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Your diligence is deeply appreciated.
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Wisemen
With regard to the New State of Florida HOA rules change: Please see the comments of Mo Saleh of Victoria Groves on HOA rules. You can see them on Nextdoor. Very worth while read!
I must issue a correction of my last post.
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An esteemed neighbor corrected me that we are governed by a COA, not an HOA. I apologize for my misunderstanding! Funny though, all this time I do not recall anyone calling the association a COA, only HOA. Well you learn something new every day! I stand corrected.
Hi eBrehne,
Chapter 720 of Florida Statutes covers HOMEOWNERS ASSOCIATION (HOA), and Chapter 718 of Florida Statutes covers CONDO OWNERS ASSOCIATION (COA).
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Two Courts are Chapter 720 (HOA): Oakmont and Atriums, because there are single family homes in those two courts.
All of the other Courts are Chapter 718 (COA).
I live in Esedra CT .Refers has turned into a free for all rules changed
When felt like our pool is dirty, Pool person does not clean it properly.
Pool guy comes in with amounts of powder and chlorine because water is not at correct levels .
What is board doing?
NOTHING!
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This is an ongoing problem.
So many issues in our court
So many dogs, no paperwork on those dogs running behind buildings off leash.
Clothes on rack drying outside units.
Frank,
Esedra Court will be having a Board meeting tomorrow, Monday July 29, at 1 PM in Fountains Hall.
If you check the bulletin board next to the mailboxes, you will see the announcement of the meeting with the agenda.
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You may be able to speak to the president, Rich DiPietro, or whichever Director is in charge of the pool.
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Also on the bulletin board there should be a list of Directors and what their responsibility is and their contact info.
I hear that Esedra Court and some or all of the 10 South courts have decided to leave the FCO and hire an outside property management company.
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Can someone please post the status of the FCO contract renewal?
Thank you
As far as I know, the residents of Esedra voted to stay with the FCO and signed the new contract with them.
I was told by a resident of Esedra, that the Board voted to leave, and will NOT be renewing the 3-year agreement with the FCO.
Site Monitor, Frank, and Others
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It is my understanding that at the meeting of the Esedra Court on Monday, July 29th 2024 following a question raised by an attendee resident, about the automatic renewal of the FCO 2021 MANAGEMENT AGREEMENT for three more years unless the FCO is notified in writing during August 2024, the Association has opted out and following due diligence by the Board has elected to engage an outside Property Management Company.
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In keeping with the direction from the FCO LCAM, Brian Flores, A.K.A. FCO Management LLC., a letter stating the Opt-out along with a copy of the BOD minutes will be delivered to the FCO as formal notification.
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It is also my understanding that some “Southern Associations are considering opting out but at least two of the “Southern Associations” have already agreed to the auto renewal of the existing 2021 FCO Property Management Agreement even without the benefit of an approved 2025 annual budget.
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It is also my understanding that the FCO has drafted and distributed a “New Property Management Agreement” (2024-2027) to the membership Presidents with some changes that they consider favorable to the Associations.
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It is also my understanding that some Associations requested an FCO Board meeting in “July” to discuss the “2021 Property Management Agreement” auto renewal and the FCO proposed “2024-2027 Property Management Agreement. For reasons unknown the FCO Governance elected to not convene a meeting.
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The Fountains News Reporter
Site Monitor & Others
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Update: 08.06.24
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It is my understanding that the Atriums BOD at its announced August 2024 meeting, has elected to opt out of a Property Management Agreements with the FCO and will be notifying the FCO in writing this month in compliance with the conditions of the 2021 PM Agreement as well as meeting the additional Board meeting minutes requirement, now mandated by Brian Flores, FCO LCAM, A.K.A. FCO Management LLC.
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In weighing the Pro and Cons of “outside” Property Management, it was reported that the capabilities of the FCO Inc., as it exists today, to provide todays State-of-the-Art PM services, was simply beyond the reach of the FCO.
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The Fountains Reporter
Such as?
David,
Funny that you ask.
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The days of Fountain Associations unquestionably committing to FCO Inc. Property Management Agreements apparently has passed.
Dissatisfaction stemming from a combination of long-standing unresolved issues, along with new FCO administration’s laissez-faire approach to resolving ,2021 PM Agreement auto renewals or adopting a new standard modified agreement, with Association concessions, has led to the Summer of Discontent.
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Levels of dissatisfaction have risen to the extent that Associations have or are exploring “outside” property management services.
To that degree multiple Associations BOD, after due diligence, have voted to no longer use the FCO Inc. after 2024.
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Remaining tethered to antiquated business practices and exercising inherent conflicts of interest has brought the FCO Inc. to the proverbial tipping point.
(More to follow, at a later date, on Associations discoveries during due diligence).
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The Fountains Reporter
Community Update:
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“We’re Back”
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It has been reported that following a prolonged CGP/Ridgewood silence, on Friday 8.16.24 Brian Flores, FCO LCAM notified the FCO Executive Committee via e-mail that Concert Ridgewood JV has come back with yet another proposal related to the development of “Parcel E.”
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They have again stipulated an agreement acceptance date. This time September 2, 2024, Labor Day.
It is my understanding that Flores is frantically working to notify FCO Member Association Presidents and schedule an FCO BOD meeting to accommodate the proposal acceptance date.
Interestingly the last FCO counter proposal to the JV never received a response until now.
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More to follow once the “Latest” proposal version becomes available.
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The Fountains Reporter
Whatever happened to residents having the right of way at the North Gate?
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I can’t count how many close calls I’ve had with visitors who are oblivious to the fact that I am there. If the visitor starts to go first, I will wait, but when the resident gate opens, and then I start to move forward many times, the visiting vehicle takes off, and then I must stop to avoid an accident.
Lori,
This has practice has been problematic for years.
You need to go directly to the security committee who has oversight of ECIS who provides the security personnel.
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FOUNTAINS CONDOMINIUM OPERATIONS, INC.
4615 Fountains Drive, Suite B Lake Worth, Florida 33467-4133 Tel: (561) 964-3600, Fax: (561) 641-5631 email: info@fcocondo.com
August 22, 2024
MEETING NOTICE
F.C.O. SECURITY COMMITTEE MEETING
THE NEXT F.C.O. SECURITY COMMITTEE MEETING IS SCHEDULED TO BE HELD ON THURSDAY, SEPTEMBER 5, 2024 AT 4:00PM IN POULETTE HALL.
THE AGENDA IS AS FOLLOWS:
1. ROLL CALL
2. CHAIRMAN’S REPORT:
A. ANY BUSINESS PROPERLY BROUGHT BEFORE THE COMMITTEE.
3. DIRECTOR’S REPORT
4. OLD BUSINESS
5. NEW BUSINESS
6. GOOD & WELFARE
7. ADJOURNMENT
BEN GELLER, CHAIRMAN F.C.O. SECURITY COMMITTEE
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The Fountains Reporter
The guard is supposed to control it.
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They are supposed be trained that they don’t press the button to allow visitor entry until the resident’s lane is empty, as a courtesy to residents.
Right! But they don’t. This current security company does not do that.
Fountains Community Update
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Reliable sources have again proven their worth.
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News of the Day “FCO E-mail Distribution”
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From: Angela Siciliano
Date: August 20, 2024 at 1:12:24 PM EDT
Cc: drrmlipp22@gmail.com
Subject: Atriums Update
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Dear Atriums Resident,
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On August 5th, at our board meeting, we voted 6-2 to opt out of our management agreement with the FCO. I officially notified the FCO by text, hand delivered letter and copy of our Minutes, and email to Mr. Flores, the CAM, of that decision.
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We have scheduled a meeting of the board for Tuesday, August 27th at 4:00 PM, in Poulette Hall and by Zoom. We will be voting on a new management company, pool issues and other business. You are invited to attend, ask questions, become informed of court decisions.
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Thanks, see you on Tuesday,
Bob Lipp, President of the Atriums
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The Fountains Reporter
Fountains Community Update
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FCO Executive Committee 8.22.24 Meeting
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Reputable sources have indicated that this meeting will be focusing on the latest JV proposal for the development of “Parcel E”, noting the reported September 2, 2024 date stipulated condition by the JV.
The Community should also note reported was that Alan Rabinowitz (Southern Association Representative) was removed from the Executive Committee one day after he received this zoom meeting notice.
Why, one would ask.
More to follow that should shed light on this FCO maneuver.
The Zoom meeting link information has intentionally not been included.
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From: Bernard Ciancanelli
Date: 8/20/24 11:00 AM (GMT-05:00)
To: Angela Siciliano
Cc: Scott Harris , alangardner98@yahoo.com, luxemburgcourt@yahoo.com, David G , paular20@live.com, kenkures@gmail.com, Brian Flores
Subject: Re: FCO Executive Committee Meeting Thu., 8/22 @ 3:00PM
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Will zoom in
TYBC
Sent from my iPhone
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On Aug 20, 2024, at 8:36 AM, Angela Siciliano wrote:
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Good morning,
There will be an FCO Executive Committee Meeting held on Thu., 8/22 @3:00PM in Brian’s office (FCO Conference Room) and via Zoom. (see Zoom invitation below….)
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Topic: FCO Executive Committee Meeting
Time: Aug 22, 2024 03:00 PM Eastern Time (US and Canada)
Join Zoom Meeting
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Once upon a time a Wolf, (aka president of Tivoli Court) focused his vengeance, venom, unwarranted harassment and attention to a Little Red Riding Hood ( aka a former well informed, well educated, competent, and accomplished former resident Tivoli Court Board president.)
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What was the root cause of the wolf’s vengeance?
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Little Red Riding Hood declined a wolf request to be appointed to the Tivoli Court Board almost three years ago while she was president in 2022 pointing out the wolf doesn’t reside in the court and multiple board members agreed that he should wait for the upcoming proper elections in a few months for the residents to vote.
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A few friends of the wolf conducted an intensive door to door campaign to defeat Little Red Riding Hood spreading false information and outright lies about her which were successful in December 2022 electing the non-resident wolf.
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As soon as the wolf assumed the presidency of Tivoli Court he began an unrelenting unending campaign of harassment against Little Red Riding Hood and her entire family.
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So intense that Little Red Riding Hood was forced to issue a civil lawsuit in an attempt to halt the harassment against her entire family .
The lawsuit is still ongoing.
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Little Red Riding Hood has improperly imposed grievance fines against her as well as cease and desist letters against speaking to Board members.
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This retaliation against her now resulted in 50 year old beautiful flowering Bougainvillea bushes near the residence of Little Red Riding Hood being totally destroyed. Despite the fact that multiple residents who lived nearby enjoyed the flowers are upset now when it’s gone.
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There are links to 3 pictures below:
Click to see How it looked before
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Click to see Bougainvillea severely cut back
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Click to see Bougainvillea now
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Lucy in the sky
Fountains Update: Friday August 30, 2024
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FCO Even Dozen
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Reliable sources have reported that another Four (4) Associations have officially “opted out” of FCO Property Management beginning, January 1, 2025.
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Twelve remaining Associations will now be responsible to fund the FCO business model and living with impacts of secret Executive Committee negotiations with the Concert Ridgewood JV development of Parcel E, for the next three years.
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Should any of the Associations been diligent enough to accept the “New Agreement” (no automatic renewal of the 2021 Agreement) they now can exercise an early opt out condition.
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Sources indicate that September 2024 will be a month filled with revelations.
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The Fountains Reporter
Counting up …
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Courts under outside property management, or will be soon:
D’Este
Gefion
Tivoli
Atriums
Esedra
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That’s 5 out of 19 –
which are the other 2? (Thanks for the report!)
CURRENT LIST OF COURTS OPTING OUT:
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# DOORS
– Milan 1 24
– Milan 2 24
– Atriums 62
– Esedra 174
– Trevi 180
Total: 464 Doors
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THE TRAILBLAZERS
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– D’Este 275
– Tivoli 175
– Gefion 18
Total: 468
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Grand Total: 932
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Who will be next?
Mrs. Columbo,
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Who will be next and when, will be reported when reliable sources share that information.
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Next question is, what will be the reaction of the remaining Associations residents when they get their 2025 Associations budgets to approve and 464 less “doors” are no longer sharing in the funding FCO operations?
Also, what will be the impact on the New FCO Hotwire Agreement minus 464 “doors”?
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What can be reported from reliable sources is that at least another 250+ “doors” are in play, even though they had not exercised their “Opt-out” opportunity in August 2024.
Pressure from residents on new significant assessments and legacy assessments leave little flexibility for Associations BOD, other than to reduce costs where ever possible noting personal financial accountability imposed by changes in Florida Statutes effective 2025.
Questioner:
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Milan No. 1 and Milan No. 2 round out the seven resignations since 2021.
Reports are that some Associations are finalizing outside Agreements as I write.
Apparently should they consolidate even differing requirements, and contract with the same PM company, cost will be even lower.
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The Fountains Reporter
Mrs. Columbo,
Thank you!
Nice detective work!
I suspect that you are a close relation to the LA. lieutenant
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My post had not yet been posted awaiting approval of the site Monitor but also includes more information.
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The Fountains Reporter
Is anyone concerned about the “ponding” on the West course? With all of the new mosquito borne illnesses these ponds are perfect breeding grounds for mosquitos. Can the management of the gold course PLEASE spray for mosquitos during this rainy season?
eBrehne,
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Your concerns are well founded.
Palm Beach County has participated in a national program where Genetically Modified mosquitos have been released into the environment in order to limit reproduction.
The attached link provided a tutorial and can shed some light on mosquito control.
The County Ariel spraying for 2024 has been done.
To what extent the FCC can supplement mosquito control on the golf courses, I believe is questionable.
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PBC Mosquito Control does have a complaint process.
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https://discover.pbcgov.org/erm/Pages/Mosquito-Control.aspx
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The Fountains Reporter
FCO Staff:
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Heartfelt sympathies, go out to the loyal administrative staff of the FCO, for the stressful situation they are experiencing with the additional number of Member Associations opting out of Property Managements Agreements beginning, January 1, 2025.
For the Administrative staff to feel that they have contributed to the resignation of Associations from the FCO in 2021 and now in 2024, is far from the truth.
Reports from multiple reliable sources, suggest the blame can be placed squarely on the shoulders of the FCO BOD. The reasons are said to be numerous, but reported most was simply uncorrectable dysfunction and unquestioning “rubber stamping” approvals.
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Fountains Residential Community:
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The mantra “It has always been done this way”, reliance on a single “indispensable” administrator, well-meaning but weak organizational leadership, and questionable legacy legal counsel, some say, has led to members to find alternatives.
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Rather than to acknowledging shortfalls and accept responsibility, the FCO BOD has elected to fund new Accounting/Operational Applications and New computer systems by reallocating Security Fencing Funds. This was a knee jerk reaction, to satisfy growing member displeasure.
FCO leaderships commitment is to the “Upgrade” in 2025.
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Too Little too late?
Has the FCO accounted for intensive staff training, off-site systems monitoring, Uninterrupted Power Sources (“UPS”),
Daily Server backups, etc.?
The FCO has announced a meeting on Wednesday September 11, 2024, which should prove to be one of extreme interest to one and all.
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The Fountains Reporter
Mrs. Columbo and The Fountains Reporter,
Thank you for your accurate and timely updates.
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As you mentioned, the 932 units have left the FCO for professional property management, and their size surpasses that of the remaining FCO courts. Adding to this the new Lennar development, Parcel D, with approximately 192 townhouses, further increases the number of units in the Fountains that are outside of FCO control—making it 1/3 more outside the FCO than within! This leads me to an important point.
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It’s time for the courts that are no longer part of the FCO to assume majority control and oversight over the “shared budget” that all courts continue to pay into. To elaborate: the courts that have left the FCO (and new Lennar development) still contribute to the “shared budget,” which covers security, access roads, fountains maintenance, landscaping, electricity, and other common services.
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However, the FCO does NOT grant these courts any vote or say in how this “shared budget” is created, managed or spent. To date, they have even refused to produce an audit. How is this fair? The courts that have left make up the vast majority of payments, yet we have ZERO control over how the funds are used.
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This situation is not only unfair, but it’s also entirely unreasonable and must be addressed immediately, starting with the new “shared budget” that the FCO is likely to propose at the next BOD meeting this Wednesday. We must demand that every court contributing to the shared budget has a say and a vote in its allocation.
Susan S.
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Thank you for your contribution!
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Interestingly, Trevi has voted to stay with the FCO.
Did Pressure tactics of increasing Security & Road Maintenance fees play a role in this decision?
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Should you Add them back “for the moment”, 752 are out.
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However 2025 FCO budget revelations may yet be very troublesome.
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FCO Hope Springs Eternal????
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The Recent “contentious” FCO Security Meeting:
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Committee Chair suggests Lennar 192 units will joining the FCO.
Check PBC Appraisers Public records yourself. Numerous units are now owned by multiple outside investors who will be renting the units.
They have the most interest in having a professional Property Management Company and I am told by an owner, they will insure that happens.
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FCO has a public reputation as a dysfunctional organization and losing long standing business only supports using other options.
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The Fountains Reporter