Another Colony lawsuit is in the works

Add another lawsuit to the Colony Beach & Tennis Resort legal saga.

Colony Beach & Tennis Resort unit owners Sheldon and Carol Rabin are seeking an injunction in Sarasota Clerk of Circuit Court against the Colony Beach & Tennis Resort Association, citing its failure to maintain the existing buildings on the property. The injunction will request the association to undertake its maintenance and repair responsibilities and damages from the board for its breach of fiduciary duty.

In a memo to unit owners dated Feb. 14 that's titled “Preserving Our Valuable Investments," Sheldon Rabin noted that he has retained attorney Alan Tannenbaum of Sarasota-based Tannenbaum Hanewich to prepare the injunction. Tannenbaum has already secured the permission of the Middle District of Florida’s Bankruptcy Court to pursue the injunction.

Before the lawsuit and injunction are filed, though, Rabin is seeking more unit owners to join him and his wife as plaintiffs.

Rabin is forming a not-for profit corporation called Concerned Owners of The Colony, Inc. to act as the repository of funds that will be contributed toward the lawsuit effort.

For more information, pick up a copy of this week's Longboat Observer.

Contact Kurt Schultheis at [email protected].