for larger view click on list:

5 New Lien Filings

The Association has filed 5 Liens, a second one for Fred Grass #506, the first Grass lien was filed 12/3/08. Details on these new liens are:

#106  $2,428 - Jay Davis,
#213  $5,222 - Brian Clark,
#306  $3,667 - Rodney Smith,
#506  $7,853 - Fred Grass,
#701  $2,866 - Samantha Jarrett

Click on the below direct link to go to the main blog site:

click on:
http://nautiluscondosrules.blogspot.com

NAUTILUS COVE CONDOMINIUMLocated in Bay County in the NW Florida panhandle. This site is privately owned and operated by a unit owner and is not an 'official' site of this complex. Documents posted here are: Condo Management Agreement, Articles of Incorporation, By Laws, Rules and Regulations, Budget, Financial Statements, Photos, and my own comments. Content changes daily.

I am available at: Computer660@hotmail.com or by fax at: 801 439-6387.

BOD Suspends facilities usage and voting for Delinquent Owners

The below letter has gone out to Owners who owe money to the Condo.  While amounts change almost daily, the amount past due it over $112,000, the highest we have ever had, and the condo can't be run on a deficit finance basis like the Federal Government, thus the rather harsh letter being sent out.


Considering the level of Delinquencies (43) we have only 68 Owners who are eligible to vote in or run for office at the 1/29/11 Annual General Meeting.  We have 37 condos that have Homeowners exemptions filed and of that number 16 are on the Delinquency list.


Generally speaking those who are at or past the 2nd missed Quarterly Dues payment are not going to be able to recover, probably they will end up in foreclosure.  I only know of one Owner who in effect 'came back' after having missed 2 Quarterly payments, hopefully this will change.  


Since inception the condo has had 22 Foreclosures in total and liens have been filed against 15 units.  There was one bankruptcy which involved 2 units.

Additional liens are being prepared. Keep in mind that the filing of a lien by the condo is not a hostile action, it simply safeguards our claim on funds when the condo is eventually sold. No clear title can pass until a lien is satisfied. No condo has ever, or ever will, be foreclosed due to the condo filing a lien, it just states the claim to funds which must be paid before a clear title passes.


Here is the relevant part of the statute, keep in mind that if you are renting out your condo your tenants will be the ones banned from using the enumerated facilities.


(3) If a unit owner is delinquent for more than 90 days in paying a monetary obligation due to the association, the association may suspend the right of a unit owner or a unit’s occupant, licensee, or invitee to use common elements, common facilities, or any other association property until the monetary obligation is paid. This subsection does not apply to limited common elements intended to be used only by that unit, common elements that must be used to access the unit, utility services provided to the unit, parking spaces, or elevators.

(5) An association may also suspend the voting rights of a member due to nonpayment of any monetary obligation due to the association which is more than 90 days delinquent. The suspension ends upon full
payment of all obligations currently due or overdue the association.

It is also the BODs option to make your tenants pay your past due assessment. They notify the tenant that all rents in the future will be payable to the condo and not you. As far as I know this is not being done presently.

Not a bad idea, but keep in mind that our Rules & Regulations at A7d says:
"Guests and tenants are not permitted to have pets."

Breakfast Point Mall

Across from Sonny's Bar B Que and next to the Home Depot is the Breakfast Point Mall which is now fully operational and has a Publix Supermarket, Office Depot, Dunkin’ Donuts, Tropical Smoothie Café, Super Cuts Hair Salon, Lovely Nails, Wine World, Debbie’s Boutique and Lin’s Asian Cuisine II.  If you are tired of Pier Park you might find what you need here.

#716, one of the 4 Waterstone foreclosed units is available for $89,900 'as is' or best offer. MLS #535022. This has been unoccupied since 12/09 and has minimal furniture. Having been up there I know it needs a paint job and new carpeting.

Condo Legal Expenses 2008-10

Thank you for looking in -

Probably the next unit to sell here will be the Compass Bank owned 712, a 3/2, upstairs unit with courtyard view. Last known asking price was $110,000. Shown here fully furnished. Compass still has 3 other upstairs units in the 7 building, all last known to be on the market for an 'asking price' of $110,000.

Refrigerator Magnets, (3 1/2" x 1 7/8") as shown here, are available, let me know your condo number and I will get one to you. It is good info to have handy in case you need some assistance.

===================================================

NCC Delinquency List Jan. 2010

Gone But Not Forgotten

Their 4 units are now owned by Compass Bank.

Every now and then I like to send out mass mailings

to media and realtors. I understand it annoys the

Chimps.

2010 1st Quarter Newsletter FYI

The first quarter newsletter is reproduced here FYI. Some have read it already but there are those who are not owners who look in here and would like to be kept informed of what is going on at the complex. So here it is for your reading pleasure.

One item worth note is information on the often broken gates. At least they are again opening and closing, so we should be grateful for this small miracle. The gates are an important part of the complex for several reasons, one is that we bought here (& many rent here) on the basis that this is a secure complex with limited access. All to often this is not the case and there is currently in the Bay County court a civil suit due to these gates being inoperable for a considerable time and not fixed in a timely manner.

Two expensive motorcycles were stolen here one night and when the owners complained they got no satisfaction from the management firm or the BOD. They were just told it wasn't 'their problem' (ie: the management firm and BODs). So a civil action was started by these 2 owners and it is ongoing.

A bit of cooperation at the outset would probably have averted this suit but as is typical of the BOD they just stonewalled and thus the suit. I know exactly how the 2 owners felt as I encountered the same 'it isn't our problem, there is nothing wrong' attitude when I complained for a year about the improper rental practices of Waterstones 4 condos in building 7. Thus my own suit against the BOD/Association & Waterstone.

The gates must be kept in working condition and when broken they must be fixed a.s.a.p.

Double click for larger image or print out.