Tentative Settlement Agreement Reached For Surfside Condo Collapse Victims

MIAMI (CBSMiami) - MIAMI (CBSMiami) - The families of victims of the Surfside condominium collapse have agreed to a 55 million dollar tentative settlement.

That money will come from three defendants named in the class action wrongful death lawsuit.

Sixteen million will come from the engineering firm that performed a structural analysis on Champlain Towers South in 2018. Another engineering firm has agreed to pay $8.5 million. The Champlain Towers South homeowner's association will pay $31 million.

The law firm representing that HOA points out no cause for the collapse has been determined yet.

The settlement and proceeds pool now totals nearly $226 million and that number could grow. There is a minimum $120 million bid for the land where the building once stood. That number could grow when the land is auctioned off late next month.

Ninety-eight people died when a portion of the high-rise condo building came down in the middle of the night last June.