Comp #: 928 TV - Replace Location: Laundry Room Funded?: Yes. History: Unknown
Quantity: (1) Total
Comments: TV should be maintained and tested periodically to ensure good function. For most Associations, ongoing replacement of individual components is treated as an Operating expense, but replacement of many (or all) system components may eventually be warranted. Funding recommendation shown here is for replacement with new equipment, comparable in style and quality to the assets noted during our site inspection.
Useful Life: 6 years
Remaining Life: 2 years
Best Case: $ 2,000
Worst Case: $ 3,000
Cost Source: Allowance Estimate
Comp #: 1141 Building - Paint/Refurbish
Quantity: Interiors & Exteriors
Location: Laundry Building Funded?: Yes. History: Unknown
Comments: Individual projects do not meet the minimum threshold to be considered a reserve component. This component provides an allowance to repaint the building, replace the awning, replace bathroom fixtures, replace lighting, ac units, signage, etc. Continue to monitor and adjust as needed in future Reserve Study updates.
Useful Life: 10 years
Remaining Life: 4 years
Best Case: $ 15,000
Worst Case: $ 20,000
Cost Source: ARI Cost Database
Association Reserves, #6510-0
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7/29/2022
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