**********

ALLIANCE ATTENDS PRESS CONFERENCE

PRESIDENT SCHULBAUM VOICES CONCERNS OF MEMBERSHIP

REPRESENTATIVES CALL FOR GOVERNOR CRIST TO APPOINT A TASK FORCE TO ADDRESS VETOED SB 714

SB 714 WOULD HAVE:

·         repealed the changes made last year to Chapter 718 relating to individual HO-6 condominium policies

·         provided financially struggling high-rise associations with more time to retrofit their common areas with sprinkler systems

·         provided other associations with relief from having to purchase elevator generators and alarm systems

 

Among the burdens that Associations and their Memberships will have to endure are:  older high-rises will need to  retrofit their common areas with sprinklers by 2014;  condominium boards will need to inquire at least once a year as to whether or not each owner has H0-6 coverage; boards can force place such missing policies and specially assess for the costs of same; condominium owners will still need to add the association as an additional insured and loss payee on their individual policies.  Supplemental information provided by CAN (Community Advocacy Network)

************