What can a board do if its building is faced with extensive capital work while recovering from the real estate slump of the early 1990s? Assessments are unpopular and reserves are low. There’s a desire to have construction operations completed as quickly as possible, but an aversion to parting with too much money at one time. One way to solve this dilemma is to phase in the capital programs over an extended time. Undertaking construction in distinct stages offers many advantages as well as potential pitfalls. Armed with the proper information, however, the board can organize the building’s construction into phases that best suit their purposes.
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
One condominium association in Cape Coral is at a loss. In little over a week, someone has stolen a set of American flags displayed on the exterior of two condo buildings on three separate occasions – three sets of flags in all