Notice of Special Assessment Meeting

Notice of Special Assessment Meeting

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TO ALL MEMBERS:

On Wednesday April 19, 2023, at 7:00 p.m., in the Royal Park Condominium Apartments Clubhouse, at 122 Royal Park Drive, Oakland Park, Florida, a Special Assessment Meeting of the Board of Directors will be held for the purpose of considering and voting on a resolution to levy a special assessment for the purpose of the replacement of four roofs and related expenses. The estimated amount of the special assessment is $1,300,000 (1 million and three hundred thousand) for the four (4) roofs (buildings 101, 102, 115, 116). This improvement was required by our insurance company to be completed as soon as possible.

The estimated special assessment per unit is as follows:

  • 1-bedroom unit is $1,563.43
  • 2-bedroom unit is $2,032.46.

The amount of the special assessment and the methods of payment along with the due date(s) for the payment will be set at this meeting.

Agenda:

  1. Call to Order
  2. Certify quorum
  3. Proof of Notice of Meeting
  4. Motion to levy special assessment for replacement of roofs for buildings 101, 102, 115, 116 and related expenses
  5. Special Assessment Payment Options and Dates Due
  6. Adjournment