Issues at Timbers coming to a head
November 17, 2009
Condominium owners at the Timbers of Winter Park are fed up with “living in a year-round mud season,” according to homeowners association board members.
At a Grand County Commissioners meeting on Nov. 3, condominium-unit owners outlined incomplete grading and soil destabilization caused by improper drainage as main problems that plague those who bought units at the newly built 10-building Winter Park Ranch subdivision starting in 2005.
The drainage issues are causing “structural distress,” according to an Oct. 22 report from forensic engineering consultants hired on by the Timbers at the Summit Condominium Association.
“The project continues to be neglected and abandoned by the developer Jack Gindi and his companies Timbers at the Summit LLC and IPS (Income Property Specialists) Development, LLC,” states a letter to commissioners, signed by Timbers Condominium Association Vice President Julie Craun.
The Association made the matter legal when it joined a lawsuit against the developer last May.
Gindi, who participated in the county meeting via telephone, said the HOA’s suit against him exacerbated his difficulty to acquire new financing for the project to finish what needed to be finished, saying the HOA was doing whatever it could do to “make (him) look bad.”
Gindi filed for bankruptcy in July and there are various mechanics liens on the Timbers development. County Attorney Jack DiCola said at the Nov. 17 commissioner meeting that Gindi’s development company is also “on the verge of filing bankruptcy.”
Meanwhile, Grand County holds in escrow $92,493 for the completion of the project.
For this reason, Timbers HOA officials asked the county to release the funds for drainage and landscaping improvements at the development, bids for which range from $93,000 to $130,000.
Gindy said he supported that.
“I have nothing to gain by holding back on the HOA,” he said.
Three buildings at the development remain unoccupied. HOA officials also asked the county to pull the developer’s building permits for the Timbers’ final three buildings. On Nov. 17, county officials also discussed the possibility of vacating the plat pertaining to those buildings.
All buildings have been released for sale. In total, the Timbers comprises of 58 one- to three-bedroom condominium units.
– Tonya Bina can be reached at 970-887-3334 ext. 19603 or e-mail email@example.com.