200 Families In C. Florida Condo Complex Temporarily Dodge The Boot As Association Coughs Up $10K For Unpaid Water Bill; Most Units Face Foreclosure

In Kissimmee, Florida, WFTV-TV Channel 9 reports:

• The water was still flowing Monday afternoon for nearly 200 families in a Kissimmee condo complex. Toho Water Authority put up a giant lighted sign in the Cascades condo complex last week, warning residents their water would be turned off at noon on Monday because of a $50,000 unpaid water bill. However, a last minute compromise is keeping the water on. It's good news for the residents of the condo complex.

• Many residents were making arrangements to move or find a temporary place to live. It took a $10,000 check to bring them peace of mind. The Toho Water Authority threatened to turn the water off, because the condo association hasn't paid the water bill in seven months. The water bill had climbed to $48,000. The condo association hired a lawyer over the weekend, who was able to make a deal with Toho Water Authority, and they set up a payment plan. [...] The first payment of $10,000 was made around 11:00 am Monday morning. The next payment is due on October 15.

• The association says they aren't able to pay the water bill because most of the homes are in foreclosure and homeowners aren't paying HOA fees.

Source: Condo Residents' Water Not Shut Off. RentSigmaSkimming