Collier County commissioners approved a phased increase in water and wastewater impact fees over the next three years, based on a study indicating an 80.5% increase is necessary to fund capacity expansions for the county’s water-sewer district. The new ordinance, if adopted, will implement the first phase of fee hikes on December 1, 2024, with […]

  Association annual budget planning season is upon us.  KOVA Property Management understands the urgency and complexity that associations are facing when creating their budgets.  After the challenges of 2022, including hurricane damage repairs, insurance increases, and special assessments, many associations have unanticipated expenses.  It is crucial each association meticulously plan to ensure financial stability […]

Florida Is Turning A New Page To Focus On Human Safety and Preserving Value By Anthony L. Emma, Jr., CAM / Published June 2023      Florida Administrative Code (FAC) Rule 61B-22.005 mandates that condominium associations must complete a reserve study, and such a report must include a reserve schedule that details the estimated remaining useful […]