10 Tampa Bay has confirmed residents of the Villas of Carillon townhome community got an email Friday informing them the entire homeowners association board has resigned, effective immediately.
This comes after owners successfully postponed a board vote on how they would be allowed to pay a $60,000 special assessment stemming from a structural integrity reserve study.
Confusion over recent state reforms intended to prevent another tragedy like the 2021 Champlain Towers collapse in Surfside may have contributed to the management company's recommendation and the board's action to require its reserves to be "fully funded."
Those reforms require reserve and milestone studies and required yearly contributions to reserves but they only apply to units that are three stories or higher. All of the townhomes at the Villas are two stories.
The board also contended insurance companies would not insure the complex in a few years if funds weren't in reserves to pay for new roofs. However, a reserve study would have required the time equivalent cost of the project to be in a fund ahead of any renovation, if the association would want to avoid special assessments, according to Patricia Staebler, a certified reserve specialist based in Sarasota.
MORE: https://www.wtsp.com/article/news/local/pinellascounty/condo-owners-villas-of-carillon-temporary-reprieve-special-assessment/67-0a607353-41eb-473f-9f0c-4d5031a410e2
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