The Town of Indian River Shores wasted no time in passing an ordinance mandating second inspections for any condominium building that did not pass the first inspection required by the new Florida state law passed in the wake of the 2021 Surfside collapse and amended in the last session of the state legislature.
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“We have already notified the building
department of the town of Indian River Shores, as far back
as last February, that we were commencing repairs on our
garage, which is what was cited (in the Phase One Milestone
Inspection),” said Mark Shea, board chairman of the
homeowners association (HOA) at Robles del Mar.
“We have gone out for bids and are evaluating them at the
present time,” Shea added. “Hopefully we can begin work on
this still this summer.”
The Robles underground garage serves and connects both the
complex’s North and South buildings and Shea said the work
will most likely start in the North building in the
northeast quadrant. Initial estimates on the cost of the
garage repair work have been around $600,000, which would
have to be covered out of the HOA’s reserves, through a
special assessment or through increases in monthly
maintenance fees, or a combination of all of the above.
The City of Vero Beach does not do its own building
inspections required by the new condo laws covering all
older buildings three stories and higher near the ocean, but
has asked the staff of Indian River County to assume that
responsibility.
The only building that flunked the first milestone
inspection in the whole county was the Seaquay condominium
complex on SR A1A in Vero Beach across the street from
Pelican Plaza. Extensive repairs that will last several
months are already underway there, especially on the
northeast corner.
The 2021 collapse of the Champlain Towers condo complex in
Surfside killed 98 people and led the Florida sate
legislature to pass a new law forcing older condo buildings
near the ocean to pay for milestone inspections and fully
fund reserves for any repair shown to be necessary by those
inspections.
The law led to significant cost increases for most condo
dwellers across Florida, raising fears that many retirees
living on fixed incomes would be forced out of their homes.
At present the condo market in Florida is a buyers’ market,
with many condo owners trying to sell to escape rising
costs.
This spring, the state legislature slightly modified the law
to supposedly mitigate its financial consequences. The
changes give HOAs another year to comply and a little more
flexibility in how to finance needed repairs, including with
letters of credits from banks as newly accepted financial
instruments.
