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

Comp #: 921 Fitness Mirrors - Replace

Quantity: Approx 300 GSF

Location: Fitness Room Funded?: Yes. History: Unknown Comments: Plan to replace along with other interior projects for efficiency. Continue to monitor and adjust as needed in future Reserve Study updates.

Useful Life: 20 years

Remaining Life: 9 years

Best Case: $ 4,000

Worst Case: $ 6,000

Cost Source: Allowance Estimate

Comp #: 926 Decor - Replace

Quantity: Assorted Pieces

Location: Interiors Funded?: Yes. History: Unknown

Comments: This component recommends funding for periodic replacement/refurbishment of idecor such as artwork, light fixtures, misc. decorative items, etc., in order to maintain a desirable aesthetic in the common areas. Cost estimates can vary greatly depending on the amount of items to be replaced at each project, and the style and quality of replacement options. Best practice is to coordinate this type of project with other interior projects such as flooring replacement, painting, etc.

Useful Life: 15 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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