WHERE DID YOUR $850,000 GO?
ONLY ~$40,000 LEFT
APRIL 16, 2026 — YOUR VOTE DECIDES
Board-Owned Units and Amounts Identified
A preliminary public summary of the Pasadena Gardens Insurance Fund Ledger Review identifies a conservative total of funds tied to listed board-owned units.
What the Summary Shows
This preliminary public summary reflects amounts presently identified for listed board-owned units from the Pasadena Gardens Insurance Fund Ledger Review. The document also notes that it is not a final forensic audit and that amounts may change after review of additional records and approvals.
Where Did Your Money Go?
Pasadena Gardens received $850,000 from an insurance settlement intended for major building repairs — including roof and plumbing. Instead, funds were directed toward repairs of units owned by current Board members.
Over $500,000+ (estimated) has already been spent — and work remains incomplete.
⚠️ -If current leadership continues-
Owners may face $1,000,000+ in new assessments
Board-Owned Units
$500,000+
Estimated spending directed to current board member units.
What May Come Next
$1,000,000+
Estimated new repair assessments may still be coming.
Recommended New Members vs Current Board Members
| RECOMMENDED NEW MEMBERS | CURRENT BOARD MEMBERS |
|---|---|
|
✔
|
✖
Daniel Roy
|
|
✔
Coming
Tony Cosenzo
Soon |
✖
Limor Eliyahu
|
|
✔
|
✖
Charles Gangarossa
|
|
✔
|
Richard Petgrave |
|
✔
|
Estimated Assessment Per Unit
Estimated Assessment Per Unit:
• 2 Bedroom: $21,000+
An Active Lien Is Still Costing Pasadena Owners $250 Per Day
According to the lien information provided, the case remains active and continues to accrue daily penalties at $250 per day.
Every additional day matters.
What This Means Before The Election
This is not an old closed issue. The lien is still active and still increasing. That means more pressure on the association while owners are being asked to make an important decision in just days.
Take Action
Vote on April 16, 2026 and protect your investment.
Text or Call: (954) 448-1919
Email: alex@exe11.com
Annual Meeting & Voting Day Coming Soon
Residents are encouraged to review the voting notice carefully for the full details, including date, time, and any additional instructions before casting their vote.
Date: Thursday, April 16th, 2026
Hour: 6:00 PM