The purpose of this petition is to demonstrate to the Waterside at Coquina Key South HOA Board Members that there is sufficient interest from the membership for a special assessment instead of a 36 percent monthly HOA increase.

The special assessment would cover the increased insurance premium and contribution to reserves for outstanding projects for which the total is $1,525,567.

The benefit will be that the HOA monthly increase in 2023 will be greatly reduced and owners’ property values will be protected. Our position is that the 300% insurance premium increase will be reduced in 2023-2024 due to our roofs being completed, having wind mitigation on our buildings, asking for a 10 percent building deductible (if accepted by all federally back mortgage companies) and potentially sourcing a new insurance broker.

We are also asking for the insurance committee to begin obtaining new insurance quotes in the fall including a quote from Citizens for the entire complex.

By signing below, I affirm that I would prefer to pay a special assessment over four payments (the exact amount of which will be determined by the Board based on my unit size) instead of paying the increased premium through a monthly HOA increase.

If you are signing this petition on iPetition, please include your name and Waterside South address in the comments.

If you own more than one unit, please indicate ALL your unit addresses in the comments. Thank you.