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

Laundry

Comp #: 331 Water Heater - Replace

Quantity: (1) 100 Gallon; AO Smith

Location: Utility Room Funded?: Yes. History: Unknown

Comments: Model No: BTR 198 110. Serial No: ML000987817. Water heater life expectancies can vary greatly depending on level of use, location within a building, etc. Should be inspected and repaired as needed by servicing vendor or maintenance staff. Unless otherwise noted, expected to be functional. Plan to replace at the approximate interval shown below. When evaluating replacements, we recommend choosing high-efficiency or tankless models if possible in order to minimize energy usage.

Useful Life: 15 years

Remaining Life: 0 years

Best Case: $ 7,000

Worst Case: $ 10,000

Cost Source: Allowance Estimate

Comp #: 610 Tile Floor - Replace

Quantity: Approx 650 GSF

Location: Kitchen 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: 2 years

Best Case: $ 8,000

Worst Case: $ 12,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

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7/29/2022

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