SPD 2 DOCUMENTS ALMOST READY FOR DISTRIBUTION TO ASSOCCIATIONS. CURRENTLY UNDER ATTORNEY REVIEW. ONCE REVIEW IS COMPLETE DOCUMENTS WILL BE MADE AVAILABLE TO ASSOCIATIONS. IN THE MEANTIME TAKE A LOOK AT SOME OF THE DOCUMENT ARTICLES HERE.
Associations may now opt to make minor modifications to the standard documents. These changes will be billed at an hourly rate in addition to the $1,500 base fee.
COOCVE STANDARD DOCUMENT PACKAGE (SDP) – INCLUDING Nominal Revisions
COOCVE is pleased that KBR is now accommodating nominal revision requests in processing the Standard Document Package.
Procedure for Using The Standard Document Package:
Board gets approval at a Board Meeting and sends “vote to proceed” minutes to COOCVE.
COOCVE sends the Board the copy of either the “Rental” or “Non-Rental” documents package and the limited KBR Retainer Agreement for the SDP project.
Board signs the Limited Retainer Agreement for the SDP package, and includes their Building Name on it and on their $1,500 retainer payment.
Upon receipt of the executed SDP retainer and payment of the retainer fee, KBR Attorney, Kirstin Enze, personalizes (no custom changes) the proposed new SDP for that Association.
Approx. 3 weeks from receipt of retainer check and agreement(s), Association will receive the completed personalized SDP with instructions for next steps in presenting the SDP to the owners for a vote, as well as a proposed cover letter for the Board to send to Condominium Owners (Members) to review and vote on the proposed documents.
Association Board holds a membership meeting for owners to approve the proposed SDP, following the rules and procedures in their current documents.
Once approved, Board notifies KBR that the SDP for their Association was approved in accordance with their existing governing documents. Attorney Henze prepares the forms and certificate to file and record the SDP with the Division of Corporation and the Public Records of Broward County, and emails them to the Board along with additional instructions on steps to finalize the SDP. Ms. Henze will inform the Board the filing and recording costs the Association should expect to pay the Division of Corporation and the County to finalize the SDP. (Approximately $600).
KBR sends the recorded document package to the Association for distribution to its owners. Note: these filing/recording costs are in addition to the $1,500.00, which covers only attorneys’ fees to complete the SDP, and which will be the responsibility of the Association.
To make changes after sending KBR their signed retainer agreement and $1,500 check:
To make any changes to the SDP or seek any further legal guidance, the Association will need to sign a separate General Retainer with KBR. There is no retainer fee that needs to be paid but the additional work will simply be billed at the attorney’s hourly rate. For the form and more information, contact [email protected] , 954-928-0680 x333.
Once KBR has the two retainer forms, they will be happy to further discuss and make changes to the SDP package for a standard hourly fee.
KBR proceeds with Step 5.
Important Notes
It is crucial that all forms, payments and correspondence contain the Building Name/Letter and contact information, so they can be efficiently handled.
The board is under no obligation until the retainer agreement is signed and submitted.
The SDP retainer agreement is valid through fall 2025.