Article
Courtesy of The Orlando Sentinel
By Rich
McKay
July
29, 2009
ORLANDO
- Some MetroWest homeowners are asking the court to either remove developer
Kevin Azzouz and give them control of the MetroWest Master's Association or
dissolve the entity that oversees the 1,800-acre community in west Orlando.
A lawsuit filed Monday in the 9th Judicial Circuit Court in Orlando also wants
the judge to force Azzouz or his agents to hand over all the financial records
for the 14,000-home development that Azzouz took control of in 2005.
At the heart of the lawsuit are accusations that Azzouz and/or his agents
misspent more than $2.3 million of the homeowners' dues, money the residents pay
to cover expenses such as cutting the grass and maintaining common areas,
fountains and other facilities.
The suit is the residents' strongest move yet in the year-long battle to take
control of the development and its checkbook.
The battle has simmered for months, largely in closed association meetings and
through e-mails.
Azzouz hasn't responded to inquiries from the Orlando Sentinel.
But he told the Sentinel last fall that the complaints come from a few
disgruntled residents with an ax to grind.
"We have never misspent or absconded with anyone's money," he said at
the time. "This is all just a worthless rant full of misleading
information."
The suit was filed on behalf of the Mandalay at Stonebridge Commons Condominium
Association, as well as residents Mary Biddle, a business consultant, and David
J. Rosenberg, an accountant.
Their lawyer, Philip J. Snyderburn, said residents are fearful of losing control
of the current $800,000 balance in the association's account, money that is to
be used on behalf of the community.
Azzouz is battling bankruptcies, foreclosures and liens, much of it revolving
around his planned $700 million Veranda Park town center within MetroWest.
The suit details much of an audit done last year by Rosenberg and other
residents, which alleges that Azzouz used at least $1.2 million of the
association's money to pay some of the bills and salaries at Veranda Park. It
also questions spending such as $354,700 for 10,000 rose bushes, most of which
were never planted and died.
"My clients are scared that someone is going to loot the coffers of the HOA
[homeowners association]," Snyderburn said.
Snyderburn pointed out that Azzouz needs to come up with $300,000 or more to
keep the lights and water turned on in the five buildings at Veranda Park, a
collection of offices, condos and a restaurant, amid vacant lots.
Three of the Azzouz-controlled Veranda properties are in bankruptcy, which has
stalled but won't stop the utilities service shut-off.
Snyderburn said the residents needed to make their move now, because a new
developer, Carl Shakarian, of Boca Raton, has been announced by the
association's management company as taking over as the developer. Azzouz is
still president of the Master's Association board of directors.
Shakarian hasn't responded to messages left by the Sentinel.
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