What happens after an emergency, such as a hurricane?
• As you know, 2004 has been an unprecedented year for hurricanes in Florida. At a recent Board meeting, we decided to wait for the City to remove the tree debris. The City picked-up one round of bagged debris from Hurricane Frances and then were told FEMA would not reimburse for hurricane pick-ups. The president of our HOA called our landscaping company to continue with the debris pick-up, straightening of trees from both hurricanes, and the removal of dead trees. The straightening and/or replacing of trees and plants will be an additional cost to the HOA, and the owners all share in these expenses via their HOA dues. • With this experience under our belts, the Board has asked the Budget Committee to add a line item for Disaster Relief under Reserves for the 2005 budget. This will start a contingency fund and allow us to better respond to an emergency like this. • Click on this link to see an article from the Sun-Sentinel about the impact of hurricanes on HOA finances.
