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

Comp #: 416 Awnings - Replace

Quantity: (8) Total

Location: Building exteriors Funded?: Yes. History: Unknown

Comments: Fabric/canopy should be washed periodically to maintain appearance. Framing should be repaired and usually painted to prolong life expectancy. In most cases, existing framing can be re-used when new canopy is installed. Ensure that anchor points and hardware are intact and take note of any recommendations for removal during high winds or storms to prevent damage to the building structure.

Useful Life: 10 years

Remaining Life: 6 years

Best Case: $ 6,000

Worst Case: $ 10,000

Cost Source: Allowance Estimate

Comp #: 601 Carpet - Replace Location: Throughout interiors Funded?: Yes. History: Unknown

Quantity: Approx 800 GSY

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: 1 years

Best Case: $ 40,000

Worst Case: $ 64,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

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7/29/2022

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