Wednesday, April 25, 2012
I have briefly read the By Laws regarding the authority of UCO. It is my basic understanding that UCO was created as the collective bargaining entity for the overall repair, restoration and replacement of the common area elements contained within Century Village. UCO is a not for profit corporation that most certainly benefits all the homeowners in our little corner of the world. My mother recently volunteered to fill a vacancy on our board. She claims that UCO can reject the sale of a unit within our community. My interpretation of our governing documents is that our board can restrict who can occupy our units. I’m not sure if we can restrict the actual sale of a unit based on Federal Law. Perhaps someone more familiar with the associations governing doc’s, Florida statutes and Federal law can give me guidance regarding this matter?
Our governing documents are outdated. I would also be curious as to the cost to update the documents if the “collective” associations were unanimous in their belief that an update is not only warranted but is a necessity given the various changes in the laws that govern Condo associations over the years.