This hits close to home and is not surprising. I owned a condo in an association that was denying structural issues, and deferred post tensioning cable repairs for over 10 years. What could have been a sub-million dollar maintenance program turned into an 8+ million dollar job, and there were still board members opposing it. I sent the following out after digging up some old reports, and the board when nuts, called me every name in the book:
Quote:
a) Why have reserve funds not been maintained?
b) A 2003 report indicated that the post-tension cables in building C needed to be repaired/maintained. Why, almost 10 years later, is there still no maintenance program or fund for this?
c) 2005 Atlantic Engineering Services (AES) reports that "The exposed concrete columns, beams, and slabs have experienced concrete deterioration......The cracking in the garage columns which are fairly protected may be revealing that the concrete has chloride contamination which is accelerating reinforcement corrosion. If chloride and carbonation testing has not been performed on the concrete structure, it need to be performed.... all expansion joints are in poor condition..... "
d) 2009 AES reports "The condition of the concrete at xxxxx Condominiums has dramatically deteriorated from our review and report issued June17, 2005. To my knowledge, none of the recommendations in the report have been implemented."
e) Was chloride and carbonation testing done as recommended in the 2005 report? Why were reserve funds not being budgeted from 2003 or 2005 until today? Why were the repairs and recommendations from 2003 & 2005 reports ignored? This has greatly increased the cost of repair to the owners of this association.
|
It was not until a balcony actually became unsafe and the local building department threatened to pull the Certificates of Occupancy for the whole building did they act. What the idiots didn't realize, is the word was out on our buildings for years, and values low because of it. My value jumped twice what the special assessment was as soon as the work was done, and I bailed.