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October 12, 2020
Board President John Laprade’s
I am focused on the concrete and balcony restoration project. Now that the painting of the building exterior has begun on the southeast side of the building, our primary focus is to ensure that full use of the pool, pool deck and beach access are returned to owners as soon as possible so as not to interfere with the upcoming season. We are also tracking expenses of this project and continue to run below budget in several categories. Work is approximately ¾ of the way done with some work remaining on the 11 stack balconies and work being done on the 9 and 10 stack balconies. We are also working hard to address any owner issues regarding work that has been completed and have relatively few issues from stacks 1-8 which the contractor is working to address to our satisfaction.
The message below outlines some easing of the Temporary COVID-19 restrictions which reflects the overall changes by the Governor and the County. As you know, Governor DeSantis has moved the State of Florida into Phase 3 of the COVID-19 recovery. However, we are still subject to local and county guidelines. Keep in mind that these restrictions are temporary and may change at any time based on rules from the state and county.
Board Votes to Ease Temporary COVID-19 Restrictions
The Board of Directors voted at the October 7, 2020 board meeting to ease some of the Temporary COVID-19 restrictions in place for Regency Tower. This is consistent with Broward County emergency order 20-25 issued on September 25, 2020. Highlights of the revised temporary COVID-19 restrictions are:
Complete Revisions published on October 7, 2020:
All Owners, Guests and Visitors Required to Wear Masks
The Rendezvous Room and Game Room are available for use. Capacity is limited to 20 people in the Rendezvous Room and 6 people in the game room. Reservations for these amenities can be made on Concierge + and must be made at least 48 hours in advance of their use to give staff enough time to sanitize the facility.
Considering Renting Your Unit??
2020 is a very unusual and challenging year for everyone. Travel restrictions, unavailability or astronomical costs of health insurance for travelers, dealing with health and financial effects of COVID-19…and on and on.
Recently the board has seen an upswing in unit rentals at Regency Tower. We normally average below 10% of units being rented in Regency Tower. Many owners who normally do not rent their units are now considering this option as we have a total of 29 units either being rented or available for rent.
As a reminder, our governing documents state the following regarding the leasing of a unit:
Keep in mind that you must adhere to these rules when leasing your unit. If your lease terminates early you may owe a tax to the State of Florida. The Tourist Development Tax (also referred to as tourist tax, bed tax or resort tax) is a 5% charge on the revenue from rentals of six months or less. This tax is in addition to the state sales tax 6% (7% in Broward County because of the 1% county sales tax for transportation). Our understanding is that because of the revenue shortages driven by COVID-19, the county is now beginning to enforce these rules and looking for possible abuses. We want you to be fully informed prior to leasing your unit as you are responsible for collecting and submitting these payments to the county. If you follow the above rules as required in our governing documents and lease for 185 days, you can avoid this tax. We expect inquiries from the county in our office for any rentals so that the county can ensure compliance with the collection of taxes.
These temporary rules are required by either the state of Florida or Broward County emergency orders and will be in place until lifted by the controlling authority
Thank you for your cooperation.
Please be safe!
Manager Dana Domond's
Building Office Update
You now have full access to the front main lobby entrance. The north side door remains closed as MCW continues working in that area.
We appreciate everyone’s continued cooperation during these unprecedented times.
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