Hidden Cove Reserve Study

8/7/2019 Hidden Cove Reserve Study

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PROJECT NAME HIDDEN COVE

INFLATION RATE 3.00%

YIELD ON RESERVE FUNDS 0.50%

BEGINNING YEAR OF FUNDING 2011

PLANNING HORIZON 20 yrs

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SCHEDULE Ia

HIDDEN COVE

SITEWORK ITEMS - PRELIMINARY DATA

Sitework Units Number Cost Total Cost Estimated Estimated

Item of of per in Current Useful Remaining Notes

Description Measure Units Unit Dollars Life Life1 Asphalt Seal Coating S.Y. 8400 $1.50 $12,600 5 1 2

2 Asphalt Resurface S.Y. 8400 $11.00 $92,400 20 13 2

3 Sidewalks/Stairs/Curb and Gutter Repair Allow 1 $4,000.00 $4,000 6 4 3

4 Entry Monument - Repair, Maintain Allow 1 $2,000.00 $2,000 8 3 4

5 Perimeter Wood Fence - Repair Allow 1 $2,500.00 $2,500 5 0 5

6 Perimeter Wood Fence - Replace L.F. 1700 $30.00 $51,000 25 15 5

7 Entry Security Gate and Fence - Repair, Paint Allow 1 $2,000.00 $2,000 6 2 6

8 Chain Link Fence - Repair Allow 1 $800.00 $800 10 5 1

9 Retaining Walls - Repair, Maint. Allow 1 $5,000.00 $5,000 10 5 7

10 Drainage, Erosion, Storm System - Repair Allow 1 $5,000.00 $5,000 6 0 8

11 Landscaping Allow 1 $10,000.00 $10,000 10 7 9

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SCHEDULE Ib

HIDDEN COVE

SITEWORK ITEMS - REPLACEMENT COST & FUNDING DATA

First Replacement Second Replacement Third Replacement Fourth Replacement

Sitework Adjusted Annual Adjusted Annual Adjusted Annual Adjusted An

Item Cost if Funding Cost if Funding Cost if Funding Cost if Fun

Description Yr Inflation is Thru Yr Yr Inflation is Thru Yr Yr Inflation is Thru Yr Yr Inflation is Thr

Replaced 3.00% Replaced Replaced 3.00% Replaced Replaced 3.00% Replaced Replaced 3.00% Rep

Asphalt Seal Coating 2012 12978 6489 2017 15045 3009 2022 17441 3488 2027 20219 40

Asphalt Resurface 2024 135693 9692 2044 2064 2084

Sidewalks/Stairs/Curb and Gutter Repair 2015 4502 900 2021 5376 896 2027 6419 1070 2033

Entry Monument - Repair, Maintain 2014 2185 546 2022 2768 346 2030 3507 438 2038

Perimeter Wood Fence - Repair 2011 2500 2500 2016 2898 580 2021 3360 672 2026 3895 7

Perimeter Wood Fence - Replace 2026 79456 4966 2051 2076 2101

Entry Security Gate and Fence - Repair, Paint 2013 2122 707 2019 2534 422 2025 3025 504 2031

Chain Link Fence - Repair 2016 927 155 2026 1246 125 2036 2046

Retaining Walls - Repair, Maint. 2016 5796 966 2026 7790 779 2036 2046

Drainage, Erosion, Storm System - Repair 2011 5000 5000 2017 5970 995 2023 7129 1188 2029 8512 14

Landscaping 2018 12299 1537 2028 16528 1653 2038 2048

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SCHEDULE IIa

HIDDEN COVE

EXTERIOR/INTERIOR BUILDING MAINTENANCE ITEMS

PRELIMINARY DATA

Exterior/Interior Building Units Number Cost Total Cost Estimated Estimated

Maintenance Item of of per in Current Useful Remaining Notes

Description Measure Units Unit Dollars Life Life

1 Mail Kiosk - Roof Shingles and Gutters Replace Lump Sum 1 $1,000.00 $1,000 20 10 10

2 Mail Kiosk - Paint Trim Only Lump Sum 1 $200.00 $200 5 1 10

3 Mail Kiosk - Paint Lump Sum 1 $500.00 $500 10 6 10

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Page 6d


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SCHEDULE IIIa

HIDDEN COVE

ELECTRICAL/MECHANICAL/PLUMBING ITEMS - PRELIMINARY DATA

Electrical Units Number Cost Total Cost Estimated Estimated

Mechanical of of per in Current Useful Remaining Notes

Item Description Measure Units Unit Dollars Life Life

1 Entry Gate Motors - Replace Lump Sum 1 $12,000.00 $12,000 12 4 11

2 Entry Gate - Call Box, Electronics Lump Sum 1 $3,000.00 $3,000 12 4 11

3 Plumbing Repairs Allow 1 $5,000.00 $5,000 10 15 12

4 Sanitary Sewer - Cleaning, Repairs Allow 1 $5,000.00 $5,000 10 15 12

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SCHEDULE IIIb

HIDDEN COVE

ELECTRICAL/MECHANICAL/PLUMBING ITEMS - REPLACEMENT COST & FUNDING DATA

First Replacement Second Replacement Third Replacement Fourth Replacement

Electrical Adjusted Annual Adjusted Annual Adjusted Annual Adjusted Annual

Mechanical Cost if Funding Cost if Funding Cost if Funding Cost if Funding

Item Description Yr Inflation is T hru Yr Yr Inflation is Thru Yr Yr Inflation is Thru Yr Yr Inflation is Thru Yr

Replaced 3.00% Replaced Replaced 3.00% Replaced Replaced 3.00% Replaced Replaced 3.00% Replaced

Entry Gate Motors - Replace 2015 13506 2701 2027 19256 1605 2039 2051

Entry Gate - Call Box, Electronics 2015 3377 675 2027 4814 401 2039 2051

Plumbing Repairs 2026 7790 487 2036 2046 2056

Sanitary Sewer - Cleaning, Repairs 2026 7790 487 2036 2046 2056

Page 6g


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HIDDEN COVE

COST & FUNDING RECAP

Year Annual Funds Future Expenses Net Accumulated Funds

Current Funds 0

2011 15,000 7,500 7,538

2012 15,000 13,184 9,410

2013 17,000 2,122 24,354

2014 17,000 2,185 39,272

2015 19,000 21,385 37,033

2016 19,000 9,622 46,551

2017 22,000 21,851 46,871

2018 22,000 12,299 56,745

2019 26,000 2,534 80,418

2020 26,000 0 106,684

2021 30,000 10,079 126,946

2022 30,000 20,487 136,852

2023 35,000 7,129 165,153

2024 35,000 135,693 64,961

2025 35,000 3,025 97,186

2026 35,000 107,967 24,549

2027 35,000 51,832 7,866

2028 35,000 16,528 26,444

2029 35,000 8,512 53,086

2030 35,000 3,507 84,799

Page 6h


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HIDDEN COVE

Itemized Projected Costs by Year

Year Job Cost

Grand Total $457,4412011 Total 7,500

2011 Drainage, Erosion, Storm System - Repair 5,000

2011 Perimeter Wood Fence - Repair 2,500

2012 Total 13,184

2012 Asphalt Seal Coating 12,978

2012 Mail Kiosk - Paint Trim Only 206

2013 Total 2,122

2013 Entry Security Gate and Fence - Repair, Paint 2,122

2014 Total 2,185

2014 Entry Monument - Repair, Maintain 2,185

2015 Total 21,385

2015 Entry Gate - Call Box, Electronics 3,3772015 Entry Gate Motors - Replace 13,506

2015 Sidewalks/Stairs/Curb and Gutter Repair 4,502

2016 Total 9,622

2016 Chain Link Fence - Repair 927


2016 Retaining Walls - Repair, Maint. 5,796

2017 Total 21,851



2017 Mail Kiosk - Paint 597


2018 Total 12,2992018 Landscaping 12,299

2019 Total 2,534


2021 Total 10,079

2021 Mail Kiosk - Roof Shingles and Gutters Replace 1,344


2021 Sidewalks/Stairs/Curb and Gutter Repair 5,376

2022 Total 20,487


2022 Entry Monument - Repair, Maintain 2,768


2023 Total 7,129


2024 Total 135,693

2024 Asphalt Resurface 135,693

2025 Total 3,025


2026 Total 107,967

2026 Chain Link Fence - Repair 1,246

2026 Perimeter Wood Fence - Repair 3,895 Page 6i


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0

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CurrentFunds

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

HIDDEN COVE - PROJECTED CASH FLOW

Annual Funds Future Expenses Net Accumulated Funds


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0

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CurrentFunds

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

HIDDEN COVE - PROJECTED CASH FLOW

Annual Funds Future Expenses Net Accumulated Funds


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HIDDEN COVE

1. Cracked asphalt pavement.

2. Cracked and settled area of asphalt pavement.


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HIDDEN COVE

3. Repaired section of curb is spalling.

4. Repaired section of concrete curb.


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HIDDEN COVE

7. View of entry monument.

8. Broken rail at wood perimeter fence.


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HIDDEN COVE

9. Undermined footings and leaning wood fence.

10. The entry gate is beginning to rust.


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HIDDEN COVE

11. View of segmental block retaining wall.

12. View of loose cap blocks.


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HIDDEN COVE

15. Erosion around entry stoop.

Hidden Cove Reserve Study

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