Halcyon condo association in Palm Beach settles resident’s lawsuit, agrees to hire forensic accountant

A Palm Beach condo association reached a settlement with a resident nearly a year into litigation regarding an allegedly unsanctioned air conditioning project and $15 million in unaccounted special assessment funds.  Court records show the Halcyon of Palm Beach Condominium Association settled the case brought by resident Dr. Michael Montanaro, a local orthodontist. Montanaro filed suit in October, alleging that the association had violated owners’ right to vote on a $2.5 million air conditioning project. The complaint sought a court-appointed receiver to assume control of the association and its finances.  Earlier this month, Palm Beach Circuit Court Judge Maxine Cheesman […]This article originally appeared on The Real Deal. Click here to read the full story.