Page 6 - Abacoa Community News - August '22

Page 6, Abacoa
Commissioner’s Update

State Sets New Building Safety inspection requirements, and the associations must will include the new Florida Building Code provisions
along with timelines and penalties regarding compliance.
distribute the results of the inspections to each owner.
Standards Associations are required to identify all structures on The ordinance will set the schedule for commencement
their property that are three stories or higher in a report of repairs to occur within 365 days of receipt of a report
By Commissioner Maria to the State Division of Corporations. Additionally, of substantial structural deterioration.
Marino the law mandates associations to complete a structural The Florida Building Commission will work with the
During this year ’s integrity reserve study by Dec. 31, 2024, and every 10 State Fire Marshal and report back with comprehensive
Florida Legislative Special years thereafter. structural and life safety standards for all buildings and
Session, important new The structural integrity reserve study must include structures statewide that are three stories or more in height
building construction a review of the structural integrity and safety of the by Dec. 31, 2023.
standards became state building related to the roof, primary structural members, These are critical considerations in protecting public
law. This has been a floor, foundation, fire protection, plumbing, electrical, safety and our quality of life, as well as our property
priority for state and local waterproofing, and windows. The new law prohibits any values. I am encouraged by the passage of this law by
governments in the wake waiver or reduction of reserves for required building the Legislature and I look forward to finalizing the local
of the tragic Surfside, Fla., elements in the study. ordinance to implement the new standards.
condominium building Palm Beach County building officials are working As always, if I can assist you, please contact me at
collapse one year ago. with the League of Cities on a countywide ordinance that (561) 355-2201 or by email at mmarino@pbcgov.org.
Florida Statutes 553.899 now requires milestone
inspections after 30 years for every structure three
stories or more, and for buildings within three miles of Abacoa Community Garden from page 1 vegetables on the spot. These photos capture the bright
a coastline, at 25 years, then every 10 years thereafter. smiles that graced the garden that wonderful day.
If a building has a certificate of occupancy issued on or Such barrels usually are placed alongside a building Garden membership runs from Aug. 1 to July
before July 1, 1992, the initial milestone inspection must and below downspouts, so Lila has added custom-made 31. Download forms at www.abacoa.com/abacoa-
occur before Dec. 31, 2024. saucer lids to these freestanding barrels to broaden community-garden or find one in the outside mailbox
Milestone inspections consist of two phases. The their collection reach. at the garden entrance at 1022 Community Drive.
first phase is a cursory visual examination by a licensed After helping with the hand watering, the Daisies There is a waiting list for independent beds but if
architect or engineer. If the visual examination finds collected various flowers and vegetables to take home, and interested, just check the box. Stop by, especially
evidence of “substantial structural deterioration,” which to the surprise of some parents enthusiastically ate fresh Saturday morning, and check out our Facebook page.
is defined as structural distress that negatively affects a
building’s general structural condition and integrity, then
a more extensive second phase inspection is required.
The second phase may include destructive investigation.
Substantial structural deterioration does not necessarily
include surface imperfections, cracks, distortion, sagging,
deflections, misalignment, signs of leakage, or peeling
of finishes unless the inspecting engineer or architect
determines it is a sign of a more significant problem.
The county or the local government having jurisdiction
will notify building associations in writing of the

Tax Talk from page 5

And The Award Goes To…

Just last month, I announced that my agency had won More Flexible Features
three awards from the National Association of Government
Communicators (NAGC) and the winning continues! • Loan amounts up to $4 million
Once again, I am honored to announce that my agency The new EquityIQ home loan is designed to • No mortgage insurance premiums
has been recognized with two awards from Graphic help owners of higher-value homes convert a • $0 loan origination fee option available
Design USA (GDUSA), for our 2022 Tax Planner and portion of their home’s equity into the funds they
Services Guide and our 2021/22 Annual Report. For need in retirement. It can be a smarter solution More Access To Funds
nearly 60 years GDUSA’s American Inhouse Design than a traditional Home Equity Conversion • Pay off current mortgage
Awards have been the original and premier showcase Mortgage (HECM) or private reverse mortgage, • Supplement retirement income
for creative professionals at corporations, nonprofits, as it provides: • Fund home remodeling
institutions, associations and more. This year’s showcase • Purchase your next home
featured more than 7,000 entries and my agency’s two access to more funds
entries were recognized in the top 10 percent! I am so
pleased that our agency’s creative work continues to be lower up-front costs with no
recognized on a national level. mortgage insurance premiums
If you haven’t had a chance to check out our award-
winning publications you can view them online, and easier eligibility for
order hard copies by visiting https://www.pbctax.com/ condominiums and home
tpsg/ to see our 2022 Tax Planner and Services Guide purchases
and https://www.pbctax.com/annual-report/ to view
our 2021/22 Annual Report.
Which Option is Right for You?

Equity IQ can help you reach your
retirement goals by providing more
funds than a traditional HECM reverse
mortgage. The following comparison
chart illustrates some of the key
differences between the EquityIQ and
HECM reverse mortgage loans.

*You must live in the home as your primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements. Failure to meet these
requirements can trigger a loan default that may result in foreclosure. The EquityIQ reverse mortgage loan is not insured by the Federal Housing Administration (FHA).
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA) LRM-W
Information subject to change without notice. This is not a commitment to lend and all loans are subject to credit approval; certain restrictions may apply. AZ Mortgage Banker’s License BK-0907539; Licensed by the Dept. of Financial Protection
& Innovation under the CA Residential Mortgage Lending Act; Delaware Lender License 11341; Georgia Residential Mortgage Licensee 34835; Maine Supervised Lender SLM12233; MA Mortgage Lender License ML13589; MA Third Party Loan
Servicer Registration SL13589; NV Mortgage Company License 4270; 2860 E Flamingo Rd, Ste E, Las Vegas, NV 89121, (800) 953-6337; 9620 Center Ave, Suite 180, Rancho Cucamonga, CA 91730 (909) 483-9101; 4811
Airport Plaza Dr, Suite 220, Long Beach, CA 90815 (310) 380-6300; 2700 Ygnacio Valley Rd., Ste 130, Walnut Creek, CA 94598 (925) 357-8222 and 2000 Center Drive, Suite D403, Hoffman Estates, IL 60192 (847) 797-9500; Licensed by the NJ
Department of Banking and Insurance; New York Licensed Mortgage Banker - NYS Banking Department; OR Mortgage Lender ML-4718; RI Licensed Lender 20132831LL; Platinum Home Mortgage Corporation,
2000 Center Drive, Suite D403, Hoffman Estates, IL 60192 (847)797-9500. Information accurate as of 06/14/22. NMLS ID #13589. For licensing information, go to www.nmlsconsumeraccess.org.