Board of Directors Meeting for Proposal of Special Assessment 16 April 2015

aquarius51Aquarius Condominium Association 

 

NOTICE IS HEREBY GIVEN that the Board of Directors will be meeting with Association Members for the purpose of discussion and adoption of a Special Assessment on Thursday, April 16, 2015 at 7:00 p.m. in the Cascade Room, 2751 South Ocean Drive, Hollywood, Florida 33019. This additional Special Assessment is required to complete the West pool project and the renovated Lobby area, Gym, Valet deck reconstruction. The following is proposed:

West Pool Deck

Balance of work to be completed                                            $ 570,045.00

Balconies

Estimated at $80,000.00 Balcony Balance:                           $ 30,521.00

Gym Roof

Replace Gym roof                                                                           $ 50,000.00

Valet Area Reconstruction

Area below West Pool Deck                                                       $ 2,099,000.00

Mold Remediation

Lobby, Green Room, Cascade Room, Gym

Bar room & Restaurant                                                                    $ 41,000.00

A/C Retrofit

Replace Air Handlers and Compressors in

North & South Towers                                                               $ 375,000.00

Garage Entry Doors (North & South Towers)

Replace doors in North & South Towers                                         $ 32,000.00

Lobby Reconstruction

Reconstruct the Lobby, Green Room, Cascade Room,

Gym and Bar room                                                                     $ 350,000.00

Shoring of East Pool

Provide shoring per Engineer design                                        $ 40,000.00

40 Year Electrical

Meet 40 electrical requirements                                                 $ 150,000.00

Contingency                                                                                    $ 262,434.00

TOTAL ASSESSMENT                                                            $ 4,000,000.00

 

DUE DATES for the Special Assessment:

  1. May 1, 2015                  $ 1,000,000.00
  2. June 1, 2015                     $ 500,000.00
  3. September 1, 2015     $ 1,000,000.00
  4. November 1, 2015      $ 1,000,000.00
  5. December 15, 2015        $ 500,000.00

Dated: March 30, 2015        By Order of the Board of Directors

 

JohnYoussef_President

John Youseff, President

Aquarius Condominium Association

 

NOTE: To estimate your total Assessment multiply Million Dollars due quote by 4: Example: Units #05 and #08:             $4566.90 X 4 =  $ 18267.60

Tables of Assessments for sub totals of One Million and Half Million  (Tables in .pdf file format open in a new tab)

20150330_OneMilAssess

20150330_HalfMilAssess

 

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