2017 Pool Special Assessment

The Board wanted to apprise owners that we will meet Tuesday, February 28, 2017,

4:30  pm in the Clubhouse, to set a Special Assessment to pay for 2017 pool refurbishment.

 

After much discussion, including consideration of contractor bids, at the Board Meeting of February 23, 2017, the Board voted 4-1 to initiate a Special Assessment process for 2017 pool refurbishment.  The above meeting is the first step to formally set the assessment level. 

 

Subsequent steps include that after the February 28, 2017 meeting a notice will be mailed to all owners with a 14-day notice of the meeting where the Board will vote to levy the special assessment. Included in this notice will be the final amount of the special assessment and the due date.

 

The following are summary statements from the pool refurbishment discussion:

 

1.     In 2015, the Condominium Owner Association transitioned from a long period of constrained budgets because of foreclosures to a recovery period of full budgets while addressing neglected major items.  The roof project was the first hurdle and is on track.  Soon, 9 out of 12 garage roofs will be completed, and current monthly assessments are building reserves for future roof needs.  The pool/spa have emerged as the second hurdle.

2.     The cost associated with the preferred pool refurbishment contractor is $15,000, including some level of contingency.

3.     The Operating Budget account for Pool/spa Repairs and Supplies does not include the refurbishment cost.  At this early point of the fiscal year, prudent financial management cannot forecast the availability of such funds in 2017.

4.     By a vote of 4-1, the Board decided to enact a special assessment so the pool refurbishment may be accomplished this year.  The level has not been set but is expected to be approximately $200 per unit.

5.     The pool and spa exhibit a combination of cosmetic and code compliance issues.

6.     The cosmetic issues are primarily from abundant and increasing dark streaks on the pool surface.  They likely represent a gradual degradation of the pool surface; they are not microbial.

7.     The code compliance issues are primarily associated with not having non-skid surfaces on steps and benches.  Upgrading to code compliance is required only when a future pool repair requires a permit.

8.     The immediacy of addressing either set of issues is uncertain.  We do not know when the cosmetic issues will become structural issues, or when inspections may affect pool availability.

Comments