3 Final 2022-23 ReserveStudy-07-29-2022 reduced-compressed

Comp #: 414 Flag Poles - Replace

Quantity: (3) Total

Location: Entry Funded?: Yes. History: ~2009

Comments: Flag poles should have a very long useful life with minimal maintenance required. Inspect and repair as needed as an Operating expense, and plan to replace at the approximate interval shown below. Unless otherwise noted, costs to replace are based on replacing with a comparable size and style.

Useful Life: 35 years

Remaining Life: 22 years

Best Case: $ 6,000

Worst Case: $ 12,000

Cost Source: Allowance Estimate

Comp #: 501 Perimeter Wall - Repair/Replace

Quantity: Approx 1,320 LF

Location: Perimeter Funded?: Yes. History:

Comments: There is no expectation to ever completely replace. Historically, minor repairs have been completed in-house as a maintenance expense. However, because of the age of the association, it is prudent to begin planning for more comprehensive repairs and replacements. Continue to monitor and adjust as needed in future Reserve Study updates.

Useful Life: 10 years

Remaining Life: 2 years

Best Case: $ 20,000

Worst Case: $ 30,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

126

7/29/2022

Made with FlippingBook - Online magazine maker