Sunday, December 20, 2009

Nautilus Developer Settles Case for $11,700
The Nautilus Cove developers has a habit of running afoul of the Florida Department of Business and Professional Regulation earlier this year for not being in compliance with State requirements under Chapter 718 of the Florida Statutes.

They failed to provide Declaration of Condominium recording information to the Division within the required 120 working days, taking instead approx. 723 days, also entered into one sales contract on unit 1114 (Phase 10) prior to having filed the required Phase filing with the State, also they “. . . closed on 100 sales contracts for units within a phase prior to receiving the Division’s acceptance and approval for content of phase documents.”
The consent decree resulted in Nautilus Development Partners paying a civil penalty of $11,700 and agreeing to ‘. . . cease and desist from any and all violations of chapter 718.”

The 11 pages were obtained by a 10/09 FOIA request to the DBPR in Tallahassee.

Double click for larger image or print out