Stone Building Solutions was contracted by the board to perform three important tasks required by Florida statute.
Milestone Inspection
Milestone inspections are a two-phase structural and life safety assessment required for buildings three stories or higher, which are 30 years old. The first phase is a visual inspection, while the second phase involves more intensive testing if issues are found. These inspections must be performed by a licensed engineer or architect and are mandated by Florida Statute 553.899.
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The Milestone Inspection of December 2025 for each of our six buildings reported that no additional repairs were required and phase two studies were not necessary.
Reserve StudiesThe results of Concord’s Reserve Studies are linked in the headings below and posted on the Concord Website and AppFolio for your information and review.
Structural Integrity Reserve Study (SIRS):
Florida statutes mandate a Structural Integrity Reserve Studies (SIRS) every 10 years for condominium communities with buildings that are three or more habitable stories.
Structural Integrity Reserve Study (SIRS) reserves funds for crucial structural elements related to their buildings. This reserve study aims to produce a reserve funding plan that will project future reserve obligations and expenditures to ensure that reserve funds are available as needed.
Major items covered are roofing, walls and primary support members, fireproofing, plumbing, electrical, waterproofing, painting, common area windows and doors, and other items over $25,000 affecting structural integrity.
A Traditional Reserve Study is a long-range (30-year) financial planning tool for all community associations that estimates the future repair and replacement costs of the community's common assets costing over $10,000.
Major items covered are elevators, HVAC, patio enclosures, pool and pool equipment, asphalt, sidewalks and drainage.