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

Comp #: 417 Shades/Canopies - Replace

Quantity: (3) TotalÍž ~1,000 GSF

Location: La Palm Café patio areas Funded?: Yes. History: 2017

Comments: This also includes the (1) awning off of the convenience store. Canopy should be inspected, cleaned and repaired as needed on a regular basis to preserve good aesthetic condition. In many cases, framework/structure can be repaired and painted if needed to prolong useful life, sometimes indefinitely. Ensure that anchor points and hardware are in good condition, and take note of any recommendations for removal during high winds or storms.

Useful Life: 10 years

Remaining Life: 5 years

Best Case: $ 8,000

Worst Case: $ 12,000

Cost Source: ARI Cost Database

Comp #: 601 Carpet - Replace (Cafe)

Quantity: Approx 73 GSY

Location: La Palma Cafe Funded?: Yes. History: Unknown

Comments: As part of ongoing maintenance program, vacuum regularly and professionally clean as needed. Best practice is to coordinate at same time as other interior projects whenever possible to minimize downtime and maintain consistent quality standard. Timing of replacements is ultimately subjective. Estimates shown here are based on our experience with similar properties and general aesthetic qualities. Schedule can be updated/adjusted at the discretion of the Association for planning purposes.

Useful Life: 10 years

Remaining Life: 4 years

Best Case: $ 4,000

Worst Case: $ 6,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

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7/29/2022

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