HOMEOWNERS AND PROSPECTIVE BUYERS – THE ROOF RESERVE FOR THE VILLAS OF COCONUT SHORES IS SERIOUSLY UNDERFUNDED.
How could this have happened, you say? How about incompetence, dereliction of duty by the Boards, past and present, and large helpings of obfuscation so the underfunded liability for the homeowner’s association is not understood.
But don’t worry folks, apparently the Board and property manager now have the answer for all 56 homeowners. We are encouraged to rejoice in Hurricane Irma as an absolute godsend for this community and the Villas’ roof reserve!
It’s an insurance bonanza everyone!