Inverness Village Condominium Association, Inc.; Docket No. 2006056782; The Division declares that directors and officers of Inverness Village Condominium Association, Inc. who directly participated in the clean up and code compliance efforts ...

 

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

NOTICE IS HEREBY GIVEN THAT the Division of Florida Land Sales, Condominiums, 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 Inverness Village Condominium Association, Inc.; Docket No. 2006056782 on November 22, 2006. The following is a summary of the agency’s disposition of the petition:

The Division declares that directors and officers of Inverness Village Condominium Association, Inc. who directly participated in the clean up and code compliance efforts following Hurricane Wilma may be compensated for their work in accordance with the bylaws by 75% vote of the unit owners, which bylaws are authorized by Section 718.112(20)(a)1., Florida Statutes. Further, because the bylaws prohibit the directors voting on their compensation, Section 718.111(1)(b), Florida Statutes, does not apply; however, the directors to be compensated may vote as unit owners at a member meeting on their compensation under Sections 718.106(2)(d) and 718.112(2)(d), Florida Statutes.

A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: the Division Clerk, Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums, 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 Land Sales, Condominiums, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2202.