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

Comp #: 417 Shades/Canopies - Replace

Quantity: (2) Total

Location: Common area Funded?: Yes. History: 2019

Comments: (1) long piece that totals ~1,260 GSF and (1) smaller that totals 730 GSF. 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: 6 years

Best Case: $ 10,000

Worst Case: $ 14,000

Cost Source: Allowance Estimate

Comp #: 502 Chain Link Fence - Replace

Quantity: Approx 1,600 LF

Location: Pickleball area Funded?: Yes. History: Unknown

Comments: Chain link fencing generally has lower aesthetic value than other materials, so remaining useful life is mostly based on structural conditions, although appearance is also considered. Inspect regularly; clean and repair locally as needed as part of general maintenance/Operating funds. Assuming ordinary care and maintenance, plan to replace this fence as shown below.

Useful Life: 35 years

Remaining Life: 11 years

Best Case: $ 30,000

Worst Case: $ 50,000

Cost Source: ARI Cost Database

Association Reserves, #6510-0

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7/29/2022

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