The management company in charge of Beacon Quarter South apartments in Dublin is due to vote on a proposal to levy owners an average of €10,000 each to fix building defects.
Private owners at the south Dublin complex are trying to vote down the proposal saying that the construction companies involved should foot the overall bill of more than €10 million.
The Annual General Meeting of the Beacon Quarter South management company was held to decide on the proposal to rectify water ingress and fire safety deficiencies.
Dublin Fire Brigade has notified residents that it will be forced to "take legal action" if the required works are not carried out within an acceptable timescale.
Many private residents have taken this as a threat of an evacuation order according to spokesperson Killian Ryan who says it has caused a lot of concern given the present housing crisis.
He and other residents want to refuse to pay the €1.1 million in water damage repair for a number of apartments and €9.1m to bring the complex up to fire safety standards.
They fear the eventual bill could rise to €20m and want the builders to rectify the problems.
Many owners paid over €400,000 for two-bed apartments at the Sandyford complex.
Although the developer Landmark Enterprises is in receivership other companies involved are still trading successfully.
John Paul Construction, PJ Hegarty and Laing O'Rourke were unavailable for comment.
The single biggest voting block at the AGM is iRes Reit the Canadian backed private rental company which owns around one quarter of the 880 apartments.
In a statement the company said it would will pay for the remedial works should the sinking fund be approved.
It has said it will make one of its two seats on the management company board available to residents at the AGM.
The voluntary housing body Circle which owns 17 units says it wants further information on the cost before deciding on its votes.
Dun Laoghaire Rathdown Council which owns 18 units has stated it has contractual duty to contribute to the sinking fund.
The voluntary housing body Clúid owns 58 units.
The receivers Mazars have a seat on the board of the management company.