Building Safety Act Overview

Background & Impetus for the Act

▪ The Building Safety Act was passed in response to the

partial collapse of Champlain Towers South in Surfside, FL on 6/24/2021 which took 98 lives

▪ The 12-story condo, built in 1981, suffered from long- term structural degradation ▪ A $15 million program of deferred maintenance had been approved but not commenced; only $700,000 had been collected from owners for this purpose ▪ Survivors and victims’ families settled lawsuits for $1.1 billion a year after the collapse ▪ The legislation was passed unanimously by both the House and Senate in a Special Session and signed into law by Governor DeSantis on 5/26/2022 ▪ The Act represents the most consequential legislation affecting Florida condominiums in decades ▪ The Seven Lakes Board established the Building Safety Act Task Force to guide compliance with the Act

2 (2/8/2023)

Made with FlippingBook - Online Brochure Maker