David H. Rogel, Esq., In Re: La Brisa Association, Inc., Docket No. 2012043666; The Division finds that the use of interest income from the reserves of a particular condominium whose owners are members of La Brisa Association, a multicondominium, ...

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Division of Florida Condominiums, Timeshares and Mobile Homes

NOTICE IS HEREBY GIVEN that the Division of Florida Condominiums, Timeshares, and Mobile Homes, Department of Business and Professional Regulation, State of Florida, has issued an order disposing of the petition for declaratory statement filed by David H. Rogel, Esq., In Re: La Brisa Association, Inc., Docket No. 2012043666 on October 17, 2012. The following is a summary of the agency's disposition of the petition:
The Division finds that the use of interest income from the reserves of a particular condominium whose owners are members of La Brisa Association, a multicondominium, may not be utilized for an operating expense related to the multicondominium association’s property outside that particular condominium unless the owners of that condominium vote to use their reserves to pay their assessed share of the multicondominium association expense.
A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Division Clerk, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2217.
Please refer all comments to: Janis Sue Richardson, Chief Assistant General Counsel, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2202.