Dear VI Residents,
Thanks to the efforts of a committed group of volunteers and nearly 300 VI property owners who signed a Consent Form, we are nearing the end of the first phase of the Deed Restriction Revitalization process. Here is what we expect will happen over the next few months:
First week of May -- all the signed Consent Forms were delivered to our attorney who will review the Consent Forms for “completeness” and prepare the Revitalization Package for submission to the Florida Department of Economic Opportunity (“DEO”).
Mid to late May -- the Revitalization Package will be sent to DEO for their review. The DEO must complete its review no later than 60 days after receipt, by law.
Mid to late July -- upon approval from DEO, our attorney will record the Deed Restrictions (“DRs”) that were in place prior to the Revitalization with the County.
Late July to early August -- once the DRs have been recorded they will be enforceable within VI.
Remember, none of the DRs that were in place prior to the Revitalization have been changed. However, the VIHA Board and Deed Restriction Revision Committee (“DRRC”) understand that the community expects the DRs to be “overhauled” – which includes the deletion and modification of existing DRs and the possible addition of others. This process cannot occur without YOU as we need the approval of 66.67% of all property owners subject to the DRs to make ANY changes.
The process that the VIHA Board will utilize to accomplish this DR overhaul will include:
As a result of talking and listening to residents during this Revitalization process, we have learned that the vast majority of VI residents want DRs and an even greater number want the DRs modified. The VIHA Board has heard your message and we look forward to starting the DR revision process as soon as the Revitalization is complete. I welcome your continued input and thank you for your support of the Revitalization effort.