Renewal & Replacement (Deferred Maintenance) $1.5M annual budget is not keeping up with backlog • Required by bond covenants • FAUX Team projects deferred maintenance not fully funded • Preservation needs Identified for FY 18-20
Preservation Examples: • Replacement of roofs, windows, flooring • Bathroom, storefronts, exterior upgrades
• Upgrade life-safety systems, Wi-Fi, electronic access, utilities • Cyclic replacement of furniture (mattresses, mini-fridge, etc.)
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