Boca Teeca unit owners need to aware of the risk to their property values as a result of cooperating with developers such as Lennar or MCZ Centrum. Almost 10 years ago the BTUOA convinced condo assoc boards that it was worth amending the deed restriction in exchange for an average of $226/unit paid the the condo association. The recently activated BTUOA is trying to do the same thing with their recent presentations to condo associations, BUT once again they are failing to recognize the large decline in condo property values that will occur once NW 2nd Ave is widened to 4 lanes and the view if the golf courses will be replaced with rooftops. It is not worth $226 payable to a condo assoc when the property values will decline by thousands of dollars per unit.
Many residents are very upset about the fact that their condo boards have again been duped by the leader of the BTUOA which is a for profit corporation with only 2 officers over the past several years. It is doubtful that the BTUOA is even following their own bylaws for holding elections for officers & directors by their members.
A condo President recently announced that courtesy of their board that all residents are now members of the BTUOA - So What! The members do not have any rights to vote or even get a discount on their next cup of coffee so why has this condo board paid $1/unit for membership to a corporation that provides no benefits? The condo president was also proud to announce that the board had also paid additional funds into the BTUOA in order to support the corporation's operating and legal fees. So this condo board has paid approximately $1,000 to a Corp that does not provide any rights to it's contributors.
The president further explained that there were currently no plans provided by the BTUOA or Lennar for development of the golf course but it is expected that their golf course views will be replaced with roof top views .... that are expected to result in the decline in their property vales, as announced by a snowbird owner that had not been aware of the previous expenditure by the board to the BTUOA. The owner further noted that this negative impact on property values will affect all unit owners whether they have a view of the golf course or not. Of course the condo president did not have a response to this unit owner - DUH!
The answer for Boca Teeca residents is to simply say no to developers and the BTUOA. The absolute worse scenario for condo residents is development which will result in the widening of NW 2nd Ave to 4 lanes as this will destroy the residential character of the entire community. The city has confirmed that the owner of the golf course will be required to maintain the property so that the neighboring residents are not calling the city to complain. The view of open green space is worth much more to condo property values so just say no to development on ocean breeze and all residents win.
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