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

Comp #: 609 Tile Floor - Replace (Hallways)

Quantity: Approx 640 GSF

Location: Hallways/Entry Funded?: Yes. History: 2011

Comments: As part of ongoing maintenance program, inspect regularly and repair or replace damaged sections as needed. With ordinary care and maintenance, tile in interior locations can last for an extended period of time, but replacement is often warranted eventually to enhance and restore aesthetic appeal in the common areas. Replacement costs can vary greatly depending on size and type of tiles selected. Our recommendation is to replace at the approximate schedule shown here, but this schedule can be adjusted at the Association's discretion.

Useful Life: 30 years

Remaining Life: 19 years

Best Case: $ 10,000

Worst Case: $ 15,600

Cost Source: Allowance Estimate

Comp #: 610 Tile Floor - Replace (Cafe)

Quantity: Approx 700 GSF

Location: Café Flooring Funded?: Yes. History: Unknown

Comments: As part of ongoing maintenance program, inspect regularly and repair or replace damaged sections as needed. With ordinary care and maintenance, tile in interior locations can last for an extended period of time, but replacement is often warranted eventually to enhance and restore aesthetic appeal in the common areas. Replacement costs can vary greatly depending on size and type of tiles selected. Our recommendation is to replace at the approximate schedule shown here, but this schedule can be adjusted at the Association's discretion.

Useful Life: 30 years

Remaining Life: 4 years

Best Case: $ 10,000

Worst Case: $ 15,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

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7/29/2022

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