Resistance from condo owners has made it tough to bring back mask requirements after getting rid of them. People who enjoyed relative freedom when COVID-19 eased are reluctant to give it up now.
A 2020 report found Surfside condo lacked funds for necessary repairs. One expert called it a wake-up call
A 2020 report found Surfside condo lacked funds for necessary repairs. One expert called it a wake-up call
Posted: Jul 8, 2021 6:10 PM
Updated: Jul 8, 2021 6:10 PM
Posted By: By Casey Tolan, Curt Devine and Francesca Giuliani-Hoffman, CNN
An independent budget review warned the Champlain Towers South condo association that its financial reserves were critically underfunded in the face of urgently needed structural repairs a little over a year before the building collapsed, a document obtained by CNN shows.
The condo association only had 6.9% of the recommended level of money to complete repair and replacement projects and stay financially secure, according to a March 2020 report from Association Reserves, a company that analyzes housing association finances.
REPORT:SURFSIDE CONDO LACKED FUNDS FOR REPAIRS
AP
By Casey Tolan, Curt Devine and Francesca Giuliani-Hoffman, CNN
An independent budget review warned the Champlain Towers South condo association that its financial reserves were critically underfunded in the face of urgently needed structural repairs a little over a year before the building collapsed, a document obtained by CNN shows.
The condo association only had 6.9% of the recommended level of money to complete repair and replacement projects and stay financially secure, according to a March 2020 report from Association Reserves, a company that analyzes housing association finances.
The report said that various components of the Surfside, Florida, building had zero years of “remaining useful life.” Those included the entrance and garage where some experts believe concrete cracking may have contributed to last month’s deadly collapse.
Report warned parts of Surfside condo had zero remaining years of useful life
AP
By Madeline Holcombe, CNN
Although authorities at the Surfside condo collapse site have lost hope of finding survivors in the rubble, they have not lost a commitment to recovering the 76 people still unaccounted for and reuniting them with their families, Surfside Mayor Charles Burkett said.
The fire department met with families Thursday afternoon, where Burkett said a representative told them “that the Miami-Dade Fire Department will not stop working until they’ve gotten to the bottom of the pile and recovered every single one of the family’s missing loved ones.”
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