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

Comp #: 909 Restrooms - Refurbish (West)

Quantity: (2) Restrooms

Location: Bathrooms Funded?: Yes. History: 2016

Comments: As routine maintenance, inspect regularly and perform any needed repairs promptly utilizing general Operating funds. Typical remodeling project can include some or all of the following: replacement of plumbing fixtures, partitions, countertops, lighting, flooring, ventilation fans, accessories, décor, etc. Costs can vary greatly depending on scope of work involved.

Useful Life: 20 years

Remaining Life: 14 years

Best Case: $ 60,000

Worst Case: $ 80,000

Cost Source: Allowance Estimate

Comp #: 914 Espresso Bar - Refurbish

Quantity: (1) Room

Location: Adjacent to Beauty Shop Funded?: Yes. History: Unknown

Comments: Replacement of individual pieces do not meet the minimum threshold for reserve funding. An allowance has been provided to replace all or most pieces together in a general remodel on roughly the schedule below. This includes, but is not limited to, the air curtain, windows, flooring, refrigeration, ventilation, sinks, fire suppresion, lighting, etc., and will vary on scope of work.

Useful Life: 20 years

Remaining Life: 4 years

Best Case: $ 8,000

Worst Case: $ 12,000

Cost Source: ARI Cost Database

Association Reserves, #6510-0

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7/29/2022

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