Transcript Purrysburg Pool

SUN CITY HILTON HEAD COMMUNITY
ASSOCIATION, INC.
PURRYSBURG POOL UPDATE
Project Status
• Substantially Complete
with Phases 1 & 2.
• Current Expenditures
$1.18m
• Now beginning the final
phase. Phase 3.
Construction Phasing
• Phase 1 - Project began by replacing
>>>>>>>>>rooftop dehumidifiers.
• Phase 2 - Interior and exterior renovations.
- Re-plastering pool revealed
……………….deteriorated condition of shell.
*** Use of machinery and overhead hazards for ceiling work
…prevented pool level work until final phase of renovations.
*** Shell condition was unknown until final phase of work.
Phase 1 Dehumidifiers
Replacement
• Project began by
replacing rooftop
dehumidifiers.
• Cost $400k
• Work is substantially
complete.
Phase 2 Renovation
• Interior envelope found
compromised by
moisture intrusion.
• Wall studs and finishes
undergone replacement.
• Phase 2 began with
initial pool scope to replaster only.
Phase 2 Interior / Exterior Surfaces
• Interior and exterior
renovations began
March 10th
• Cost $800k
• Work is substantially
complete.
Phase 3 Launch
• Pool shell condition found
unfavorable.
• Deterioration evaluated by
Engineering Professionals to
determine if current shell is
“Fit for Use”
• Recommendations range
from Partial Replacement
and Localized Repairs to Full
replacement.
Determined work necessary to preserve
shell condition likely to exceed 50% of its
surface area.
Phase 3 Action Plan
• Board of Directors has approved full
replacement of pool and spa, reducing future
risk and extending useful life of the pool.
• Additional cost is $400k
Phase 3 Project Timeline
• New Permit Required (6-8 Weeks)
• Construction Work (approximately 7 weeks)
• Estimated Completion October 15, 2011
Project Cost Summary
Finance Committee
Dick Eberhart
SUN CITY HILTON HEAD COMMUNITY
ASSOCIATION, INC.
PURRYSBURG POOL PROJECT
HOW WILL WE PAY FOR THE PURRYSBURG
POOL REPAIRS?
• The Community Association maintains a Reserve
Fund to cover major repairs and replacement of
capital assets such as swimming pools
• If you check your quarterly statement you will notice
a $55 charge for reserves
• As of June 1, 2011, the HOA Reserve Fund contains
about $6.5 million
HOA RESERVE FUND SUMMARY
Balance as of June 1
Plus Assessments for rest of the year
Less Purrysburg Project
Less Other Projects planned for 2011
Estimated Balance on Dec. 31
x(000)
$6,500
850
1,700
975
$4,575
WE WILL NOT NEED TO MAKE A SPECIAL ASSESSMENT.