![]() ![]() Key Colony’s original 2020 budget proposed an overall increase of over $1 million, including large increases in the reserves for items that residents said were not supported by documentation, such as $100,000 for ‘contingency’ – a new addition this year. The gavel banged repeatedly at the Key Colony Homeowners’ Association board meeting last week, where several dozen disgruntled residents sought clarity over a proposed hike in fees.īut elsewhere on the Key, condo board coups have paved the way for greater transparency. But while some Key Biscayne condo boards modernize, others are mired in conflict. (Adobe)Ĭontentious condominium board meetings are neither new nor rare in Florida. ![]() Invest in Local News for Your Town.HOAs on Key Biscayne are facing increasing scrutiny. On Wednesday, the HOA said that all eight candidates for the 2023 board were elected unopposed: no one else ran for office. There was no comment from Reaves as of Wednesday to McDanal’s letter.ĭespite the strain - or maybe because of it - few have decided to run for office. McDanal, a licensed investment professional, said the accusations threatened his livelihood. “Falsely accusing me of being negligent and responsible for the fraud that befell Botanica is a defamatory statement,” he wrote. 2, demanding a retraction and asserting that the letter defamed him. The letter also said a recent phishing fraud at Botanica “has shown a fiduciary issue.” She called for him to resign. 28 letter sent to Oceansound owners, she said McDanal, who is also the Botanica treasurer, had a “blatant conflict of interest” serving in both positions. Demand for retractionīut the fee fight has erupted into more than a debate over collection methods, with Reaves singling out HOA President David McDanal, and McDanal demanding a retraction. “This is a silly little resolution that has no binding on any of us,” she said. Years ago, leaders of the four buildings appointed the HOA board, but today, they are independently elected by their respective buildings.Ĭonway dismissed the HOA vote in a meeting that again featured raised voices. Interestingly, the resolution was approved unanimously, including votes from representatives of Emerald Bay and Oceansound. 18 “confirming” the existing fee collection arrangement which it maintains is part of the complex’s governing documents. The HOA, so far, is sticking to its guns. “We are tired of people from Botanica running the towers.” “We have to have a change in the by-laws,” Reaves said, who took aim at the current HOA President, David McDanal. Frances Reaves, the president of the Oceansound building, who says the old arrangement needs to be changed. “It is their fiduciary duty to collect and manage their own finances,” Conway said. The amount represents fees to maintain the HOA’s amenities, such as tennis courts, pools and the ocean beach.Įmerald Bay President Louisa Conway is disputing the invoice, saying it’s not her building’s job to be the collection agent for the HOA. One focal point is a $145,119.04 invoice sent in January from HOA, the main association, to Emerald Bay, one of the four buildings at Key Colony, according to HOA records. Sponsored - Disputed Fees and a proposal for change Police Chief Frank Sousa said officers left after determining there was no issue to respond to. The feelings at Key Colony were so raw that at a meeting last week, Key Biscayne police were summoned during the owner comment period. The Village of Key Biscayne now issues regular reports on building certification compliance. Indeed, across Florida, many condo residents are facing increased fees as buildings move to comply with tougher standards imposed in the wake of the Surfside condo collapse. A recent $105,000 fraud at one of the buildings, Botanica, has only exacerbated tensions, and owner chat boards reflect the unease. The proposal, a kind of financial divorce, comes as the complex is moving through costly repairs that have raised fees for the 1,179 units. Meanwhile, leaders of two of the four buildings are calling for a formal change in the governance structure that would alter a key accounting relationship that has existed since the complex was built in the late 1970s. HOA Board members met recently behind closed doors to consider legal options arising from a dispute over unpaid fees, officials said. It’s all part of a growing battle at Key Colony, the condominium complex that is home to one out of every four Key Biscayners. A demand for retraction from one condo president after an email blast to another building’s members. ![]()
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