ACM Minutes, Wed. Oct 11, 2023

Topics: 

Present: Eliza (fac), _,Cheryl ,Renae, Grae, Vicky, Mike, Alex, Ben,  Jordan, Kellie, Larraine, Lynda, Gheybin, Jorge, Robin, Kay (notes)

Reflective Listening Exercise

 

Maintenance Overview

Presentation by Vinnie. Please look at the links in the email he sent.

Proactive vs. Reactive Maintenance www.associatedasset.com; hoamanagement.com

Trying to break away from "run to failure" method. 

Old technology for gutter attachment is spike & ferrule; new is hidden hangers.

National average for painting stucco is five to seven years.  Fills in hair-line cracks, protects against UV. Stress fractures form around doors & windows or at corners.

To replace all the gutters excluding the carport & common house will be about $35K  Allocate an additional $7,500 for fascia replacement as necessary.   Work will be spread over several years.

According to reserve analysis we are about 41% funded.  Some alterations that will free up roughly $50K will be to reduce the amounts for c.h.appliance replacement; remove replacement of the east carports; stretch replacement/remodeling in common house of flooring, bathrooms, kitchen.