Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 440
       
       
       
       
       
       
                                Ì311588IÎ311588                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/12/2014           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 497 - 506
    4  and insert:
    5         Section 4. Subsection (1) of section 718.403, Florida
    6  Statutes, is reenacted, paragraph (a) of subsection (2) of that
    7  section is amended, and subsection (9) is added to that section,
    8  to read:
    9         718.403 Phase condominiums.—
   10         (1) Notwithstanding the provisions of s. 718.110, a
   11  developer may develop a condominium in phases, if the original
   12  declaration of condominium submitting the initial phase to
   13  condominium ownership or an amendment to the declaration which
   14  has been approved by all of the unit owners and unit mortgagees
   15  provides for and describes in detail all anticipated phases; the
   16  impact, if any, which the completion of subsequent phases would
   17  have upon the initial phase; and the time period within which
   18  all phases must be added to the condominium and comply with the
   19  requirements of this section and at the end of which the right
   20  to add additional phases expires.
   21         (a) All phases must be added to the condominium within 7
   22  years after the date of the recording of the certificate of a
   23  surveyor and mapper pursuant to s. 718.104(4)(e) or the
   24  recording of an instrument that transfers title to a unit in the
   25  condominium which is not accompanied by a recorded assignment of
   26  developer rights in favor of the grantee of such unit, whichever
   27  occurs first, unless the unit owners vote to approve an
   28  amendment extending the 7-year period pursuant to paragraph (b).
   29         (b) An amendment to extend the 7-year period shall require
   30  the approval of the owners necessary to amend the declaration of
   31  condominium pursuant to s. 718.110(1)(a). An extension of the 7
   32  year period may be submitted for approval only during the last 3
   33  years of the 7-year period.
   34         (c) An amendment must describe the time period within which
   35  all phases must be added to the condominium, and such time
   36  period may not exceed 10 years from the date of the recording of
   37  the certificate of a surveyor and mapper pursuant to s.
   38  718.104(4)(e) or the recording of an instrument that transfers
   39  title to a unit in the condominium which is not accompanied by a
   40  recorded assignment of developer rights in favor of the grantee
   41  of such unit, whichever occurs first.
   42         (d) An amendment that extends the 7-year period pursuant to
   43  this section is not subject to the requirements of s.
   44  718.110(4).
   45  
   46  ================= T I T L E  A M E N D M E N T ================
   47  And the title is amended as follows:
   48         Delete lines 12 - 14
   49  and insert:
   50         amending s. 718.403, F.S.; authorizing the