Comp #: 1401 Signage - Replace Location: Throughout common area Funded?: Yes. History: Ongoing replacements
Quantity: Allowance
Comments: Informational and street signs/posts are generally replaced at longer intervals due to weathering or style changes, or to coincide with other exterior projects such as replacement of entry signage, street lighting, etc. Signs should be inspected regularly to make sure visibility is adequate, including at night. Repair any damaged or leaning posts as needed. The client reports that there is no expectation to replace all signage at once. We will plan for periodic partial replacements on the schedule below. Continue to monitor and adjust as needed in future Reserve Study updates.
Useful Life: 3 years
Remaining Life: 1 years
Best Case: $ 8,000
Worst Case: $ 12,000
Cost Source: Allowance Estimate
Comp #: 1402 Monument Signs - Replace
Quantity: (3) Signs
Location: Entrance to community Funded?: Yes. History: Unknown
Comments: As routine maintenance, inspect regularly, clean/touch-up and repair as an Operating expense. Plan to refurbish or replace at the interval below. Timing and scope of refurbishing or replacement projects is subjective but should always be scheduled in order to maintain good curb appeal. In our experience, most Associations choose to refurbish or replace signage periodically in order to maintain good appearance and aesthetics in keeping with local area, often before signage is in poor physical condition.
Useful Life: 20 years
Remaining Life: 1 years
Best Case: $ 12,000
Worst Case: $ 18,000
Cost Source: Allowance Estimate
Association Reserves, #6510-0
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7/29/2022
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