The Ranch atRoaring Fork Reserve Study · 2020-04-14 · The Ranch atRoaring Fork Reserve Study...
Transcript of The Ranch atRoaring Fork Reserve Study · 2020-04-14 · The Ranch atRoaring Fork Reserve Study...
The Ranch atRoaring ForkReserve Study
Final Reserve StudyProject No. 14030
Prepared for Ranch at Roaring Fork Homeowners Association
Carbondale, Colorado
Prepared byBorne Consulting
PO Box 3890Parker, Colorado 80134
December 17, 2014
Borne Consulting
IntroductionBorne Consulting has been commissioned by The Ranch at Roaring Fork Homeowners Association to prepare a Reserve Study update. The purpose of this Reserve Study is to evaluate the common-area components for major repair, maintenance and replacement that are the responsibility of the Association. This Study provides a limited-scope evaluation of the existing condition and remaining life of the common-area components. The Study also includes estimated costs for the major repair, maintenance and/or replacement of the items to enable the Association to establish an adequate level of reserve funds for the upkeep of the property. Major repair, maintenance and/or replacement items are defined as anything that costs over $1,000.
Community DescriptionThe Ranch at Roaring Fork consists of the following areas:
A waste treatment facility complete with a pump house, digester, a 225,000 gallon holding tank and a pond.
A domestic water system which consists of one building housing the system’s mechanical equipment.
Approximately 360 acres of open space with 10 miles of trails, 12 rated wood bridges, 4 pedestrian bridges, horse fencing and 40 acres of irrigated area.
Common asphalt roadways 2 common area buildings; a metal barn and a hay-barn pole building. A condominium complex;
o 14 buildings housing 60 units – 26 townhome units, 34 condominium units. o Vinyl sidingo 14 units with wood off grade balconieso 46 concrete ground floor deckso 46 concrete entry patioso Asphalt shingle roofso 60 carports and 120 storage lockerso 7 stairwayso Asphalt roadways and concrete parking pads
Tennis court facility with gazebo Golf course clubhouse and course Association equipment including:
o 3 truckso A backhoeo A skid steero A trailero A tractoro An ATVo A golf cart
ApproachTo prepare this Reserve Study Projection, Borne Consulting has completed the necessary research, the component report, the cost estimates, the financial projections, and the projection interpretation.The projections were assembled using the cash flow method. This method develops a reserve funding plan where contributions to the reserve fund are designed to offset the variable annual expenditures
from the reserve fund. Different reserve funding plans are tested against the anticipated schedule of reserve expenses until a desired funding program is achieved.
Reference MaterialThe following references were provided to Borne Consulting for this Reserve Study by the client:
2014 budget Interest rate earned on invested capital funds Historical expense and past capital project information
ExclusionsItems not included in this Projection Update are:
Non- common area components. Association components that have estimated costs below the reserve component threshold
amount of $1,000. Long lasting items with estimated economic lives exceeding 30 years, such as sanitary sewers
or building structural components. However, these items are included if they are known to have a fairly predictable anticipated useful life that falls within the term of the Study.
Normal operating items, i.e., taxes, insurance, snow plowing, utilities, cleaning and landscape maintenance, etc.
DisclaimerThis Reserve Study was prepared specifically for The Ranch at Roaring Fork Homeowners Association. The information contained within this document has been assembled in conjunction with the client and is intended to assist the client with its reserve planning and funding. Borne Consulting does not guarantee, either explicitly or implied, that all repair and replacement items have been identified, the accuracy of the probable costs or the component lives.
In providing the opinions of probable replacement costs, the client understands that Borne Consulting has no control over costs or the price of labor, equipment or materials, or over the contractor’s method of pricing, and that the opinions of probable replacement costs provided herein are made on the basis of Borne Consulting’s qualifications and experience. Borne Consulting makes no warranty, expressed or implied, as to the accuracy of such opinions as compared to actual bid or construction costs.
All comments made are based on conditions seen at the time of the site visit. We do not accept any responsibility for unknown or unknowable conditions within the existing site or structures.
TABLE OF CONTENTS Section 1 - Common Areas Section 2 - Condos Section 3 - Golf Section 4 - Waste Water Treatment Plant
TABLE OF CONTENTSSection 1 - Common Areas
Detail Report by Category 1Annual Expenditure Spread Sheet 29Annual Expenditure Detail 35Existing Reserve Study Summary 40Existing Reserve Study Projection 41Final Reserve Study Summary 42Final Reserve Study Projection 43
Section 1 - Common AreasRA Detail Report by Category
Borne ConsultingPAGE 1
Replace garage doors - 2015Asset ID A01.1
Common AreasMaintenance Facility Area
Placed in Service April 2000Useful Life 15
Adjustment 1Replacement Year 2015
Remaining Life 1
4 UT @ $3,500.00Asset Cost $14,000.00
Percent Replacement 100%Future Cost $14,420.00
Description: The maintenance building is a steel framed structure with pre-finished corrugated metal panels and a corrugated metal roof. There are four overhead garage doors.
Condition: Satisfactory condition. The maintenance building structure is in satisfactory condition. The garage doors are in fair condition. The roof in satisfactory condition.
Action/Cost(s): • Remove and replace the overhead garage doors in 2015 or as needed.
Maintenance Facility Area - Total Current Cost $14,000
Section 1 - Common AreasRA Detail Report by Category
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Crackfill and Sealcoat - 2020Asset ID B01.1
RoadwaysAsphalt Roads
Placed in Service August 2010Useful Life 4
Adjustment 7Replacement Year 2020
Remaining Life 6
212,520 SF @ $0.21Asset Cost $44,629.20
Percent Replacement 100%Future Cost $53,289.60
Description: Bituminous asphalt mat placed on base soils.
Condition: The asphalt was in fair condition structurally with some deflection and raveling noted. The asphalt had surface aggregate exposure evident in most areas. Exposed aggregate exposure is typically the result of the asphalt binder being worn away and is a normal part of the aging process.
Action: ⦁ Cyclically sealcoat the asphalt surfaces every 4 years starting in 2020, assuming there will be an overlay in 2016.
Overlay roads - 2016Asset ID B01.2
RoadwaysAsphalt Roads
Placed in Service May 2000Useful Life 15
Adjustment 2Replacement Year 2016
Remaining Life 2
212,520 SF @ $2.00Asset Cost $425,040.00
Percent Replacement 100%Future Cost $450,924.94
Section 1 - Common AreasRA Detail Report by Category
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Overlay roads continued...
Description: Bituminous asphalt mat placed on base soils.
Condition: The asphalt was in fair condition structurally with some deflection and raveling noted. The asphalt had surface aggregate exposure evident in most areas. Exposed aggregate exposure is typically the result of the asphalt binder being worn away and is a normal part of the aging process.
Action: ⦁ Cyclically overlay asphalt surfaces every 15 years starting in 2016, after water and sewer line repairs have been made. A chip and seal surface could be applied at 1/4 of the costs.
Asphalt Roads - Total Current Cost $469,669
Section 1 - Common AreasRA Detail Report by Category
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Replace hay barn - 2022Asset ID A02.1
Common AreasHay Barn
Placed in Service April 1980Useful Life 40
Adjustment 3Replacement Year 2022
Remaining Life 8
1 UT @ $30,000.00Asset Cost $30,000.00
Percent Replacement 100%Future Cost $38,003.10
Description: 10 wood columns founded on concrete caissons supporting a wood truss roof structure. The roof is finished with a standing metal seam panel system.
Condition: Satisfactory condition.
Actions: • Remove and replace the hay barn in 2022.
Hay Barn - Total Current Cost $30,000
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Replace livestock enclosures - 2023Asset ID A03.1
Common AreasLivestock enclosure
Placed in Service April 1980Useful Life 40
Adjustment 4Replacement Year 2023
Remaining Life 9
1 UT @ $90,000.00Asset Cost $90,000.00
Percent Replacement 100%Future Cost $117,429.59
Description: The enclosures consist of various lengths of connected range panels.
Condition: Satisfactory condition.
Actions: ⦁ Replace the livestock enclosures in 2023, if needed.
Replace shelter - 2019Asset ID A03.2
Common AreasLivestock enclosure
Placed in Service April 1980Useful Life 35
Adjustment 5Replacement Year 2019
Remaining Life 5
1 UT @ $24,000.00Asset Cost $24,000.00
Percent Replacement 100%Future Cost $27,822.58
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Replace shelter continued...
Description: The shelters consist of wood framed and clad (rough sawn) structures with corrugated metal roofs.
Condition: Satisfactory condition.
Actions/Costs: ⦁ Replace the livestock shelter in 2019.
Livestock enclosure - Total Current Cost $114,000
Section 1 - Common AreasRA Detail Report by Category
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Maintain wood bridges - 2015Asset ID B02.1
RoadwaysWood Bridges
Placed in Service May 2000Useful Life 5
Adjustment 11Replacement Year 2015
Remaining Life 1
12 UT @ $500.00Asset Cost $1,200.00
Percent Replacement 20%Future Cost $1,236.00
Description: Pretreated, wood timber bridges.
Condition: The wood timber bridges are in good condition with no visual signs of structural deterioration or deflection.
Actions: • Replace sections of wood decking as needed starting in 2015.
Wood Bridges - Total Current Cost $1,200
Section 1 - Common AreasRA Detail Report by Category
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Replace CASE 580K backhoe - 2024Asset ID A04.08
Common AreasVehicles
Placed in Service April 2000Useful Life 25
Replacement Year 2024Remaining Life 10
1 UT @ $35,000.00Asset Cost $35,000.00
Percent Replacement 100%Future Cost $47,037.07
Description: ⦁ CASE 580K backhoe/loader, VIN # JAB0015271
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Replace the CASE 580K backhoe/loader in 2024.
Replace CASE 60XT skid steer - 2030Asset ID A04.09
Common AreasVehicles
Placed in Service April 2006Useful Life 25
Replacement Year 2030Remaining Life 16
1 UT @ $20,000.00Asset Cost $20,000.00
Percent Replacement 100%Future Cost $32,094.13
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Replace CASE 60XT skid steer continued...
Description: ⦁ CASE 60XT skid steer, VIN # JAF0390979
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Replace the CASE 60XT skid steer in 2030.
Replace Chevy V30 - 2014Asset ID A04.05
Common AreasVehicles
Placed in Service April 1987Useful Life 25
Replacement Year 2014Remaining Life 0
1 UT @ $28,000.00Asset Cost $28,000.00
Percent Replacement 100%Future Cost $28,000.00
Description: ⦁ 1987 Chevy V30, VIN #1GBHV34N9HJ118991
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Replace the 1987 GMC Chevy, as needed.
Section 1 - Common AreasRA Detail Report by Category
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Replace Dodge Ram 250 - 2022Asset ID A04.03
Common AreasVehicles
Placed in Service April 1998Useful Life 25
Replacement Year 2022Remaining Life 8
1 UT @ $45,000.00Asset Cost $45,000.00
Percent Replacement 100%Future Cost $57,004.65
Description: ⦁ Dodge RAM 250 truck, VIN # 1B7KF23WJ169557
Condition: Satisfactory condition.
Action: ⦁ Replace the 1998 Dodge Ram truck as needed.
Replace Ford medium truck - 2017Asset ID A04.02
Common AreasVehicles
Placed in Service April 1993Useful Life 25
Replacement Year 2017Remaining Life 3
1 UT @ $42,000.00Asset Cost $42,000.00
Percent Replacement 100%Future Cost $45,894.53
Description: ⦁ 1993 Ford medium truck, VIN # 1FDPK74C3PVA30737
Condition: Satisfactory condition.
Action: ⦁ Replace the 1993 Ford medium truck as needed.
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Replace GMC Water Truck - 2021Asset ID A04.15
Common AreasVehicles
Placed in Service April 1987Useful Life 30
Adjustment 5Replacement Year 2021
Remaining Life 7
1 UT @ $45,000.00Asset Cost $45,000.00
Percent Replacement 100%Future Cost $55,344.32
Description: GMC Water Truck.
Condition: Satisfactory Condition.
Action: ⦁ Replace the GMC Water Truck in 2021.
Replace GMC pickup - 2023Asset ID A04.04
Common AreasVehicles
Placed in Service April 1999Useful Life 25
Replacement Year 2023Remaining Life 9
1 UT @ $32,000.00Asset Cost $32,000.00
Percent Replacement 100%Future Cost $41,752.74
Description: ⦁ 1999 GMC pickup, VIN #1GTEK14TOXZ503186
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Replace the 1999 GMC pickup, as needed.
Section 1 - Common AreasRA Detail Report by Category
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Replace Golf Cart - 2015Asset ID A04.12
Common AreasVehicles
Placed in Service April 1996Useful Life 20
Replacement Year 2015Remaining Life 1
1 UT @ $6,000.00Asset Cost $6,000.00
Percent Replacement 100%Future Cost $6,180.00
Description: Club Car Utility Vehicle.
Condition: Satisfactory Condition.
Action: ⦁ Replace the Club Car in 2015.
Replace Honda four runner - 2017Asset ID A04.07
Common AreasVehicles
Placed in Service April 2000Useful Life 15
Adjustment 3Replacement Year 2017
Remaining Life 3
1 UT @ $7,000.00Asset Cost $7,000.00
Percent Replacement 100%Future Cost $7,649.09
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Replace Honda four runner continued...
Description: ⦁ 2003 Honda four runner, VIN #TRX450FM
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Replace the 2003 Honda four runner in 2017.
Replace Kubota Tractor - 2022Asset ID A04.10
Common AreasVehicles
Placed in Service April 1998Useful Life 25
Replacement Year 2022Remaining Life 8
1 UT @ $28,000.00Asset Cost $28,000.00
Percent Replacement 100%Future Cost $35,469.56
Description: ⦁ Kubota LA 1153 Tractor
Condition: Satisfactory condition.
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Replace Kubota Tractor continued...
Action: ⦁ Replace the Kubota LA 1153 Tractor in 2022.
Replace Toyota Tundra - 2026Asset ID A04.06
Common AreasVehicles
Placed in Service April 2002Useful Life 25
Replacement Year 2026Remaining Life 12
1 UT @ $28,000.00Asset Cost $28,000.00
Percent Replacement 100%Future Cost $39,921.30
Description: ⦁ 2002 Toyota Tundra, VIN #5TBBT44162S289288
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Replace the Toyota Tundra, as needed.
Replace Vermeer Wood Chipper - 2021Asset ID A04.16
Common AreasVehicles
Placed in Service April 2002Useful Life 20
Replacement Year 2021Remaining Life 7
1 UT @ $8,000.00Asset Cost $8,000.00
Percent Replacement 100%Future Cost $9,838.99
Description: Vermeer Wood Chipper.
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Replace Vermeer Wood Chipper continued...
Condition: Satisfactory Condition.
Action: ⦁ Replace the wood chipper in 2021.
Replace Yanmar min Excavator - 2020Asset ID A04.14
Common AreasVehicles
Placed in Service April 1996Useful Life 25
Replacement Year 2020Remaining Life 6
1 UT @ $25,000.00Asset Cost $25,000.00
Percent Replacement 100%Future Cost $29,851.31
Description: Yanmar Mini Excavator.
Condition: Satisfactory Condition.
Action: ⦁ Replace the Yanmar Mini Excavator in 2020.
Vehicles - Total Current Cost $349,000
Section 1 - Common AreasRA Detail Report by Category
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Replace entrance monument and sign - 2016
Asset ID B03.1Roadways
Entrance Monument and SignagePlaced in Service May 1990
Useful Life 25Adjustment 2
Replacement Year 2016Remaining Life 2
1 UT @ $75,000.00Asset Cost $75,000.00
Percent Replacement 100%Future Cost $79,567.50
Description: The entrance monument is timber construction with a community sign affixed from the top timber member.
Condition: The community entrance monument and sign appear to be in poor condition.
Actions: • Remove and replace the entrance monument and sign in 2016.
Entrance Monument and Signage - Total Current Cost $75,000
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Replace Tennis Court surface - 2016Asset ID C01.1
AmenitiesTennis Courts
Placed in Service May 2016Useful Life 30
Adjustment 1Replacement Year 2016
Remaining Life 2
6,000 SF @ $20.00Asset Cost $120,000.00
Percent Replacement 100%Future Cost $127,308.00
Description: The courts are a coated asphalt mat over base soils. A plastic tile surface was used to cover the asphalt surface.
Condition: The tennis courts are in poor condition and are scheduled to be replaced within two years.
Action: • Remove and replace the tennis courts with a pre-stressed concrete slab starting in 2016.
Replace Tennis fencing - 2028Asset ID C01.2
AmenitiesTennis Courts
Placed in Service May 2014Useful Life 15
Replacement Year 2028Remaining Life 14
115,360 SF @ $0.50Asset Cost $57,680.00
Percent Replacement 100%Future Cost $87,246.17
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Replace Tennis fencing continued...
Description: The courts are a coated asphalt mat over base soils. A plastic tile surface was used to cover the asphalt surface.
Condition: Satisfactory condition.
Action: • Remove and replace fencing in 2028.
Tennis Courts - Total Current Cost $177,680
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Replace livestock enclosure - 2019Asset ID D02.1
Common FencingLivestock Area
Placed in Service May 1990Useful Life 30
Replacement Year 2019Remaining Life 5
490 LF @ $35.00Asset Cost $17,150.00
Percent Replacement 100%Future Cost $19,881.55
Description: Livestock arena with wood post fencing and graded surface.
Condition: The livestock arena appeared to be in good condition. The wood post fence is in fair condition with some of the railing showing initial signs of deterioration.
Actions: • Remove and replace the enclosure in 2019.
Livestock Area - Total Current Cost $17,150
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Replace fishing decks - 2019Asset ID E01.1
Streams and LakesFishing Decks and Bridges
Placed in Service May 1990Useful Life 30
Replacement Year 2019Remaining Life 5
750 SF @ $40.00Asset Cost $30,000.00
Percent Replacement 100%Future Cost $34,778.22
Description: Wood timber fishing decks with post and rail guard rails.
Condition: The wood timber fishing decks are in fair condition with no visual signs of extensive deterioration.
Action: ⦁ Remove and replace the fishing decks in 2019, or as needed.
Replace pedestrian bridges - 2018Asset ID E01.2
Streams and LakesFishing Decks and Bridges
Placed in Service May 1990Useful Life 30
Adjustment -1Replacement Year 2018
Remaining Life 4
400 LF @ $40.00Asset Cost $16,000.00
Percent Replacement 100%Future Cost $18,008.14
Description: Wood timber pedestrian bridges with timber post and rail handrail.
Condition: The wood timber bridges are in fair condition with no visual signs of extensive deterioration.
Action:
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Replace pedestrian bridges continued...
⦁ Remove and replace the pedestrian bridges in 2018.
Fishing Decks and Bridges - Total Current Cost $46,000
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Maintain gates and valves - 2015Asset ID E02.1
Streams and LakesGates and Valves
Placed in Service May 2014Useful Life 2
Replacement Year 2015Remaining Life 1
9 UT @ $500.00Asset Cost $4,500.00
Percent Replacement 100%Future Cost $4,635.00
Description: Designed to adjust flow rates by controlling the water surface elevation being stored or routed to other locations.
Condition: The gates and valves appear to be in satisfactory operating condition.
Action: • Replace the gates and valves as needed with major water line repairs.
Gates and Valves - Total Current Cost $4,500
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Dredge sediment in Pond 1 - 2015Asset ID E03.1
Streams and LakesSediment Ponds
Placed in Service May 1998Useful Life 20
Adjustment -2Replacement Year 2015
Remaining Life 1
1 UT @ $80,000.00Asset Cost $80,000.00
Percent Replacement 100%Future Cost $82,400.00
Description: Sediment ponds are designed to catch runoff and hold the water while the soil and debris in the water settles out to become sediment. Most sediment ponds are required because discharge of water that contains too high a load of suspended solids violates water quality discharge standards. Sediment Pond 1 has 30,375 square feet.
Condition: The sediment ponds varied from satisfactory to poor condition. The initial basin (Sediment Pond 1) off of the river had an abundance of sediment buildup, over 24 inches.
Action: ⦁ Dredge the sediment in Pon 1.
Dredge sediment in Pond 2 - 2015Asset ID E03.2
Streams and LakesSediment Ponds
Placed in Service May 1998Useful Life 20
Adjustment -2Replacement Year 2015
Remaining Life 1
1 UT @ $210,000.00Asset Cost $210,000.00
Percent Replacement 100%Future Cost $216,300.00
Description: Sediment ponds are designed to catch runoff and hold the water while the soil and debris in the water settles out to become sediment. Most sediment ponds are required because discharge of water that contains too high a load of suspended solids violates water quality discharge standards. Sediment Pond 2 has 142,600 square feet.
Condition: The sediment ponds varied from satisfactory to poor condition. The second basin (Sediment Pond 2), just north of the domestic water treatment/pump building, had 16 to 18 inches of sediment.
Action: ⦁ Dredge the sediment in Pond 2.
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Sediment Ponds - Total Current Cost $290,000
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Paint siding - 2018Asset ID F01.2
Community BuildingBuilding Envelope
Placed in Service August 2014Useful Life 5
Replacement Year 2018Remaining Life 4
830 SF @ $2.00Asset Cost $1,660.00
Percent Replacement 100%Future Cost $1,868.34
Description: The community building includes a board and batten vertical cladding system, windows, wood deck and a shake shingle roof.
Condition: The community building structure itself appeared to be in satisfactory condition with no significant damage or deterioration noted.
Action: ⦁ Cyclically clean, scrape, prime and apply a new top coat of paint to the board and batten siding every 5 years starting in 2018.
Replace siding - 2025Asset ID F01.1
Community BuildingBuilding Envelope
Placed in Service May 1999Useful Life 25
Adjustment 2Replacement Year 2025
Remaining Life 11
830 SF @ $32.00Asset Cost $26,560.00
Percent Replacement 100%Future Cost $36,765.25
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Replace siding continued...
Description: The community building includes a board and batten vertical cladding system, windows, wood deck and a shake shingle roof.
Condition: The community building structure itself appeared to be in satisfactory condition with no significant damage or deterioration noted.
Action: ⦁ Remove and replace the board and batten siding and trim in 2025.
Building Envelope - Total Current Cost $28,220
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Remodel interior - 2016Asset ID F02.1
Community BuildingBuilding Interior
Placed in Service May 2000Useful Life 15
Adjustment 2Replacement Year 2016
Remaining Life 2
1 UT @ $10,000.00Asset Cost $10,000.00
Percent Replacement 100%Future Cost $10,609.00
Description: Interior of the community building includes two offices with desks, computers, file and storage cabinets, carpet floors and painted walls and ceilings.
Condition: The interior finishes of the building interior were observed to be in satisfactory condition.
Action: • Upgrade the community building interior finishes in 2016.
Building Interior - Total Current Cost $10,000
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Replace water and sewer lines - 2015Asset ID G01.1
Water and Sewer LinesWater and Sewer Lines
Placed in Service May 1999Useful Life 17
Replacement Year 2015Remaining Life 1
14,300 LF @ $175.00Asset Cost $750,750.00
Percent Replacement 30%Future Cost $773,272.50
Description: 8” water lines and 8” truss sewer pipe.
Condition: Poor condition. There is groundwater infiltration into the sewer system. The water system in antiquated and in need of replacement.
Action: • Remove and replace a portion of the sewer and water lines every 15 years in conjunction with replacement of asphalt roads.
Water and Sewer Lines - Total Current Cost $750,750
Section 1 - Common AreasRA Annual Expenditure Spread Sheet
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2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionMaintenance Facility AreaReplace garage doors 14,420Maintenance Facility Area Total: 14,420
Asphalt RoadsCrackfill and Sealcoat 53,290Overlay roads 450,925Asphalt Roads Total: 450,925 53,290
Hay BarnReplace hay barn 38,003Hay Barn Total: 38,003
Livestock enclosureReplace livestock enclosures 117,430Replace shelter 27,823Livestock enclosure Total: 27,823 117,430
Wood BridgesMaintain wood bridges 1,236 1,433Wood Bridges Total: 1,236 1,433
VehiclesReplace CASE 580K backhoeReplace CASE 60XT skid steerReplace Chevy V30 28,000Replace Dodge Ram 250 57,005Replace Ford medium truck 45,895Replace GMC Water Truck 55,344Replace GMC pickup 41,753Replace Golf Cart 6,180Replace Honda four runner 7,649Replace Kubota Tractor 35,470Replace Toyota TundraReplace Vermeer Wood Chipper 9,839
Section 1 - Common AreasRA Annual Expenditure Spread Sheet
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2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionVehicles continued...Replace Yanmar min Excavator 29,851Vehicles Total: 28,000 6,180 53,544 29,851 65,183 92,474 41,753
Entrance Monument and SignageReplace entrance monument and sign 79,567Entrance Monument and Signage Total: 79,567
Tennis CourtsReplace Tennis Court surface 127,308Replace Tennis fencingTennis Courts Total: 127,308
Livestock AreaReplace livestock enclosure 19,882Livestock Area Total: 19,882
Fishing Decks and BridgesReplace fishing decks 34,778Replace pedestrian bridges 18,008Fishing Decks and Bridges Total: 18,008 34,778
Gates and ValvesMaintain gates and valves 4,635 4,917 5,217 5,534 5,871Gates and Valves Total: 4,635 4,917 5,217 5,534 5,871
Sediment PondsDredge sediment in Pond 1 82,400Dredge sediment in Pond 2 216,300Sediment Ponds Total: 298,700
Building EnvelopePaint siding 1,868 2,166Replace sidingBuilding Envelope Total: 1,868 2,166
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2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionBuilding InteriorRemodel interior 10,609Building Interior Total: 10,609
Water and Sewer LinesReplace water and sewer lines 773,272Water and Sewer Lines Total: 773,272
Year Total: 28,0001,098,443 668,409 58,461 19,876 87,699 84,574 70,718 130,477 167,220
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2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionMaintenance Facility AreaReplace garage doors 22,466Maintenance Facility Area Total: 22,466
Asphalt RoadsCrackfill and Sealcoat 59,978 67,506 75,978Overlay roads 702,526Asphalt Roads Total: 59,978 67,506 702,526 75,978
Hay BarnReplace hay barnHay Barn Total:
Livestock enclosureReplace livestock enclosuresReplace shelterLivestock enclosure Total:
Wood BridgesMaintain wood bridges 1,661 1,926Wood Bridges Total: 1,661 1,926
VehiclesReplace CASE 580K backhoe 47,037Replace CASE 60XT skid steer 32,094Replace Chevy V30Replace Dodge Ram 250Replace Ford medium truckReplace GMC Water TruckReplace GMC pickupReplace Golf CartReplace Honda four runner 11,917Replace Kubota TractorReplace Toyota Tundra 39,921Replace Vermeer Wood Chipper
Section 1 - Common AreasRA Annual Expenditure Spread Sheet
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2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionVehicles continued...Replace Yanmar min ExcavatorVehicles Total: 47,037 39,921 32,094 11,917
Entrance Monument and SignageReplace entrance monument and signEntrance Monument and Signage Total:
Tennis CourtsReplace Tennis Court surfaceReplace Tennis fencing 87,246Tennis Courts Total: 87,246
Livestock AreaReplace livestock enclosureLivestock Area Total:
Fishing Decks and BridgesReplace fishing decksReplace pedestrian bridgesFishing Decks and Bridges Total:
Gates and ValvesMaintain gates and valves 6,229 6,608 7,011 7,438 7,891Gates and Valves Total: 6,229 6,608 7,011 7,438 7,891
Sediment PondsDredge sediment in Pond 1Dredge sediment in Pond 2Sediment Ponds Total:
Building EnvelopePaint siding 2,511 2,911Replace siding 36,765Building Envelope Total: 36,765 2,511 2,911
Section 1 - Common AreasRA Annual Expenditure Spread Sheet
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2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionBuilding InteriorRemodel interior 16,528Building Interior Total: 16,528
Water and Sewer LinesReplace water and sewer lines 1,278,102Water and Sewer Lines Total: 1,278,102
Year Total: 107,015 44,655 39,921 6,608 157,263 7,011 56,486 726,4931,365,997 10,802
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Description Expenditures
Replacement Year 2014Vehicles
Replace Chevy V30 28,000Total for 2014 $28,000
Replacement Year 2015Maintenance Facility Area
Replace garage doors 14,420Wood Bridges
Maintain wood bridges 1,236Vehicles
Replace Golf Cart 6,180Gates and Valves
Maintain gates and valves 4,635Sediment Ponds
Dredge sediment in Pond 1 82,400Dredge sediment in Pond 2 216,300
Water and Sewer LinesReplace water and sewer lines 773,272
Total for 2015 $1,098,443
Replacement Year 2016Asphalt Roads
Overlay roads 450,925Entrance Monument and Signage
Replace entrance monument and sign 79,567Tennis Courts
Replace Tennis Court surface 127,308Building Interior
Remodel interior 10,609Total for 2016 $668,409
Replacement Year 2017Vehicles
Replace Ford medium truck 45,895
Section 1 - Common AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 36
Description Expenditures
Replacement Year 2017 continued...Replace Honda four runner 7,649
Gates and ValvesMaintain gates and valves 4,917
Total for 2017 $58,461
Replacement Year 2018Fishing Decks and Bridges
Replace pedestrian bridges 18,008Building Envelope
Paint siding 1,868Total for 2018 $19,876
Replacement Year 2019Livestock enclosure
Replace shelter 27,823Livestock Area
Replace livestock enclosure 19,882Fishing Decks and Bridges
Replace fishing decks 34,778Gates and Valves
Maintain gates and valves 5,217Total for 2019 $87,699
Replacement Year 2020Asphalt Roads
Crackfill and Sealcoat 53,290Wood Bridges
Maintain wood bridges 1,433Vehicles
Replace Yanmar min Excavator 29,851Total for 2020 $84,574
Replacement Year 2021Vehicles
Replace GMC Water Truck 55,344
Section 1 - Common AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 37
Description Expenditures
Replacement Year 2021 continued...Replace Vermeer Wood Chipper 9,839
Gates and ValvesMaintain gates and valves 5,534
Total for 2021 $70,718
Replacement Year 2022Hay Barn
Replace hay barn 38,003Vehicles
Replace Dodge Ram 250 57,005Replace Kubota Tractor 35,470
Total for 2022 $130,477
Replacement Year 2023Livestock enclosure
Replace livestock enclosures 117,430Vehicles
Replace GMC pickup 41,753Gates and Valves
Maintain gates and valves 5,871Building Envelope
Paint siding 2,166Total for 2023 $167,220
Replacement Year 2024Asphalt Roads
Crackfill and Sealcoat 59,978Vehicles
Replace CASE 580K backhoe 47,037Total for 2024 $107,015
Replacement Year 2025Wood Bridges
Maintain wood bridges 1,661
Section 1 - Common AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 38
Description Expenditures
Replacement Year 2025 continued...Gates and Valves
Maintain gates and valves 6,229Building Envelope
Replace siding 36,765Total for 2025 $44,655
Replacement Year 2026Vehicles
Replace Toyota Tundra 39,921Total for 2026 $39,921
Replacement Year 2027Gates and Valves
Maintain gates and valves 6,608Total for 2027 $6,608
Replacement Year 2028Asphalt Roads
Crackfill and Sealcoat 67,506Tennis Courts
Replace Tennis fencing 87,246Building Envelope
Paint siding 2,511Total for 2028 $157,263
Replacement Year 2029Gates and Valves
Maintain gates and valves 7,011Total for 2029 $7,011
Replacement Year 2030Maintenance Facility Area
Replace garage doors 22,466Wood Bridges
Maintain wood bridges 1,926
Section 1 - Common AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 39
Description Expenditures
Replacement Year 2030 continued...Vehicles
Replace CASE 60XT skid steer 32,094Total for 2030 $56,486
Replacement Year 2031Asphalt Roads
Overlay roads 702,526Gates and Valves
Maintain gates and valves 7,438Building Interior
Remodel interior 16,528Total for 2031 $726,493
Replacement Year 2032Asphalt Roads
Crackfill and Sealcoat 75,978Vehicles
Replace Honda four runner 11,917Water and Sewer Lines
Replace water and sewer lines 1,278,102Total for 2032 $1,365,997
Replacement Year 2033Gates and Valves
Maintain gates and valves 7,891Building Envelope
Paint siding 2,911Total for 2033 $10,802
Section 1 - Common AreasRA Existing Reserve Study Summary
Borne ConsultingPAGE 40
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%Annual Assessment Increase 3.00%Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance $1,158,433.00
Existing Funding Model Summary of Calculations
Required Monthly Contribution $9,000.00Average Net Monthly Interest Earned $247.97Total Monthly Allocation to Reserves $9,247.97
Section 1 - Common AreasRA Existing Reserve Study Projection
Borne ConsultingPAGE 41
Beginning Balance: $1,158,433Projected Fully
Annual Annual Annual Ending Funded PercentYear Contribution Interest Expenditures Reserves Reserves Funded
2014 108,000 2,976 28,000 1,241,409 2,296,319 54%2015 111,240 509 1,098,443 254,714 1,375,105 18%2016 114,577 668,409 -299,118 912,778 -32%2017 118,015 58,461 -239,565 1,063,233 -22%2018 121,555 19,876 -137,886 1,253,609 -10%2019 125,202 87,699 -100,384 1,380,616 -7%2020 128,958 84,574 -56,000 1,522,541 -3%2021 132,826 70,718 6,109 1,682,070 0%2022 136,811 130,477 12,442 1,788,128 0%2023 140,916 167,220 -13,862 1,866,225 0%2024 145,143 107,015 24,266 2,008,744 1%2025 149,497 152 44,655 129,260 2,216,048 5%2026 153,982 432 39,921 243,753 2,430,311 10%2027 158,602 808 6,608 396,555 2,678,708 14%2028 163,360 820 157,263 403,472 2,782,074 14%2029 168,260 1,220 7,011 565,942 3,036,540 18%2030 173,308 1,510 56,486 684,274 3,244,288 21%2031 178,508 136 726,493 136,425 2,807,381 4%2032 183,863 1,365,997 -1,045,709 1,779,193 -58%2033 189,379 10,802 -867,132 2,107,351 -41%
Section 1 - Common AreasRA Final Reserve Study Summary
Borne ConsultingPAGE 42
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%
Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance $1,158,433.00
Final Funding Model Summary of Calculations
Required Monthly Contribution $9,000.00Average Net Monthly Interest Earned $247.97Total Monthly Allocation to Reserves $9,247.97
Section 1 - Common AreasRA Final Reserve Study Projection
Borne ConsultingPAGE 43
Beginning Balance: $1,158,433Projected Fully
Annual Annual Annual Ending Funded PercentYear Contribution Interest Expenditures Reserves Reserves Funded
2014 108,000 2,976 28,000 1,241,409 2,296,319 54%2015 116,100 515 1,098,443 259,580 1,375,105 18%2016 124,807 668,409 -284,022 912,778 -31%2017 134,168 58,461 -208,314 1,063,233 -19%2018 144,231 19,876 -83,960 1,253,609 -6%2019 155,048 87,699 -16,611 1,380,616 -1%2020 166,677 84,574 65,491 1,522,541 4%2021 179,177 230 70,718 174,181 1,682,070 10%2022 192,616 370 130,477 236,689 1,788,128 13%2023 207,062 454 167,220 276,986 1,866,225 14%2024 222,591 727 107,015 393,289 2,008,744 19%2025 239,286 1,197 44,655 589,117 2,216,048 26%2026 257,232 1,723 39,921 808,151 2,430,311 33%2027 276,525 2,381 6,608 1,080,448 2,678,708 40%2028 297,264 2,713 157,263 1,223,163 2,782,074 43%2029 319,559 3,477 7,011 1,539,187 3,036,540 50%2030 343,526 4,177 56,486 1,830,404 3,244,288 56%2031 369,290 3,263 726,493 1,476,465 2,807,381 52%2032 396,987 814 1,365,997 508,269 1,779,193 28%2033 426,761 1,823 10,802 926,052 2,107,351 43%
TABLE OF CONTENTSSection 2 - Condominium Areas
Borne ConsultingPAGE 1
Detail Report by Category 2Annual Expenditure Spread Sheet 12Annual Expenditure Detail 14Existing Reserve Study Summary 17Existing Reserve Study Projection 18Final Reserve Study Summary 19Final Reserve Study Projection 20
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 2
Replace siding - 2016Asset ID A01.1
Condominium AreasCondominium Buildings
Placed in Service April 2000Useful Life 7
Adjustment 10Replacement Year 2016
Remaining Life 2
136,000 SF @ $10.00Asset Cost $68,000.00
Percent Replacement 5%Future Cost $72,141.20
Description: The façade on the condominium buildings is a vinyl lap siding with vinyl soffits and trim boards.
Condition: The vinyl lap siding, soffits and trim boards are in fair condition.
Action: • Repair vinyl siding as needed every 7 years starting in 2016.
Replace siding with fiber cement board - 2018
Asset ID A01.2Condominium Areas
Condominium BuildingsPlaced in Service October 2018
Useful Life 40Adjustment 1
Replacement Year 2018Remaining Life 4
136,000 SF @ $9.00Asset Cost $1,224,000.00
Percent Replacement 100%Future Cost $1,377,622.78
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 3
Replace siding with fiber cement board continued...
Description: The façade on the condominium buildings is a vinyl lap siding with vinyl soffits and trim boards.
Condition: The vinyl lap siding, soffits and trim boards are in fair condition.
Action: • Replace vinyl siding with fiber cement board starting in 2018.
Condominium Buildings - Total Current Cost $1,292,000
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 4
Paint stairways - 2019Asset ID A02.2
Condominium AreasStairs and Landings
Placed in Service August 2014Useful Life 5
Adjustment 1Replacement Year 2019
Remaining Life 5
6,400 SF @ $10.00Asset Cost $64,000.00
Percent Replacement 100%Future Cost $74,193.54
Description: Wood framed stairways, stair landings, guard rails and hand rails.
Condition: The stairways, stair landings, guard rails and hand rails appear to be in good to fair condition.
Action: ⦁ Cyclically scrape, prime and apply a new top coat of paint to the stairways, stair landings, guard rails and hand rails every 5 years starting in 2019.
Replace sections of stairs and landings - 2016
Asset ID A02.1Condominium AreasStairs and Landings
Placed in Service April 1995Useful Life 15
Adjustment 7Replacement Year 2016
Remaining Life 2
6,400 SF @ $40.00Asset Cost $12,800.00
Percent Replacement 5%Future Cost $13,579.52
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 5
Replace sections of stairs and landings continued...
Description: Wood framed stairs, stair landings, guard rails and hand rails.
Condition: The stairs, stair landings, guard rails and hand rails appear to be in satisfactory condition.
Action: ⦁ Remove and replace 5% of the stairs, stair landings, guard rails and hand rails every 5 years starting in 2016.
Stairs and Landings - Total Current Cost $76,800
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 6
Repair asphalt roofs - 2016Asset ID A04.1
Condominium AreasSteep slope roofs
Placed in Service April 1995Useful Life 20
Adjustment 2Replacement Year 2016
Remaining Life 2
713 UT @ $650.00Asset Cost $46,345.00
Percent Replacement 10%Future Cost $49,167.41
Description: Dimensional asphalt shingles over a felt membrane.
Comments: The asphalt shingles are in fair to satisfactory condition. Major repairs were made in 2012.
Action: • Repair sections of the asphalt shingle roofs in 2016.
Replace asphalt roofs - 2020Asset ID A04.2
Condominium AreasSteep slope roofs
Placed in Service April 1995Useful Life 20
Adjustment 6Replacement Year 2020
Remaining Life 6
713 UT @ $650.00Asset Cost $463,450.00
Percent Replacement 100%Future Cost $553,383.54
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 7
Replace asphalt roofs continued...
Description: Dimensional asphalt shingles over a felt membrane.
Comments: The asphalt shingles are in fair to satisfactory condition. Major repairs were made in 2012.
Action: • Remove and replace the asphalt shingle roofs in 2020.
Replace asphalt roofs with standing seam metal roofs - 2020
Asset ID A04.2Condominium Areas
Steep slope roofsPlaced in Service April 2020
Useful Life 40Adjustment 1
Replacement Year 2020Remaining Life 6
713 UT @ $600.00Asset Cost $427,800.00
Percent Replacement 100%Future Cost $510,815.57
Description: Dimensional asphalt shingles over a felt membrane.
Comments: The asphalt shingles are in fair to satisfactory condition. Major repairs were
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 8
Replace asphalt roofs with standing seam metal roofs continued...
made in 2012.
Action: • Replace the asphalt shingle roofs with standing seam metal roofing in 2020.
Steep slope roofs - Total Current Cost $937,595
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 9
Sweep chimneys - 2017Asset ID A05.1
Condominium AreasChimneys
Placed in Service April 1995Useful Life 3
Adjustment 20Replacement Year 2017
Remaining Life 3
30 EA @ $300.00Asset Cost $9,000.00
Percent Replacement 100%Future Cost $9,834.54
Description: Metal chimney flues with metal caps. Comments: None. The cladding of the chimneys is included in the façade section of this report.
Action: ⦁ We recommend that the Association contract with a professional engineering/contracting company to evaluate the flue and fireplace construction, operation, cleaning and maintenance. ⦁ Sweep chimneys every 3 years starting in 2017.
Chimneys - Total Current Cost $9,000
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 10
Replace section of concrete - 2017Asset ID A06.1
Condominium AreasFlatwork
Placed in Service April 2010Useful Life 8
Replacement Year 2017Remaining Life 3
3,800 SF @ $15.00Asset Cost $5,700.00
Percent Replacement 10%Future Cost $6,228.54
Description: Presumed to be reinforced concrete slab on grade.
Condition: Many sidewalk areas slope towards the building and pond water. Several of the concrete slabs for parking are cracked and are showing signs of surface deterioration.
Action: • Cyclically remove and replace damaged sections of the concrete walkways and parking areas every eight years, starting in 2017.
Flatwork - Total Current Cost $5,700
Section 2 - Condominium AreasRA Detail Report by Category
Borne ConsultingPAGE 11
Repair old electric wiring - 2017Asset ID A07.1
Condominium AreasElectric Wiring
Placed in Service April 2010Useful Life 8
Replacement Year 2017Remaining Life 3
1 UT @ $250,000.00Asset Cost $250,000.00
Percent Replacement 100%Future Cost $273,181.75
Description: Electrical wiring to condos.
Condition: There have been issues with the existing electrical wiring that should be addressed with the siding replacement.
Action: • Remove and replace electrical wiring with siding replacement in 2018.
Electric Wiring - Total Current Cost $250,000
Section 2 - Condominium AreasRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 12
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionCondominium BuildingsReplace siding 72,141 88,725Replace siding with fiber cement board 1,377,623Condominium Buildings Total: 72,141 1,377,623 88,725
Stairs and LandingsPaint stairways 74,194Replace sections of stairs and landings 13,580Stairs and Landings Total: 13,580 74,194
Steep slope roofsRepair asphalt roofs 49,167Replace asphalt roofs 553,384Replace asphalt roofs with standing seam metal roofs
510,816Steep slope roofs Total: 49,167 1,064,199
ChimneysSweep chimneys 9,835 10,746 11,743Chimneys Total: 9,835 10,746 11,743
FlatworkReplace section of concrete 6,229Flatwork Total: 6,229
Electric Wiring Repair old electric wiring 273,182Electric Wiring Total: 273,182
Year Total: 134,888 289,2451,377,623 74,1941,074,946 100,468
Section 2 - Condominium AreasRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 13
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionCondominium BuildingsReplace siding 109,120Replace siding with fiber cement boardCondominium Buildings Total: 109,120
Stairs and LandingsPaint stairways 86,011 99,710Replace sections of stairs and landings 21,156Stairs and Landings Total: 86,011 99,710 21,156
Steep slope roofsRepair asphalt roofsReplace asphalt roofsReplace asphalt roofs with standing seam metal roofs
Steep slope roofs Total:
ChimneysSweep chimneys 12,832 14,022 15,322Chimneys Total: 12,832 14,022 15,322
FlatworkReplace section of concrete 7,890 9,995Flatwork Total: 7,890 9,995
Electric Wiring Repair old electric wiring 346,058 438,377Electric Wiring Total: 346,058 438,377
Year Total: 86,011 353,949 12,832 113,732 109,120 21,156 15,322 448,371
Section 2 - Condominium AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 14
Description Expenditures
No Replacement in 2014No Replacement in 2015
Replacement Year 2016Condominium Buildings
Replace siding 72,141Stairs and Landings
Replace sections of stairs and landings 13,580Steep slope roofs
Repair asphalt roofs 49,167Total for 2016 $134,888
Replacement Year 2017Chimneys
Sweep chimneys 9,835Flatwork
Replace section of concrete 6,229Electric Wiring
Repair old electric wiring 273,182Total for 2017 $289,245
Replacement Year 2018Condominium Buildings
Replace siding with fiber cement board 1,377,623Total for 2018 $1,377,623
Replacement Year 2019Stairs and Landings
Paint stairways 74,194Total for 2019 $74,194
Replacement Year 2020Steep slope roofs
Replace asphalt roofs 553,384Replace asphalt roofs with standing seam metal roofs 510,816
Section 2 - Condominium AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 15
Description Expenditures
Replacement Year 2020 continued...Chimneys
Sweep chimneys 10,746Total for 2020 $1,074,946
No Replacement in 2021No Replacement in 2022
Replacement Year 2023Condominium Buildings
Replace siding 88,725Chimneys
Sweep chimneys 11,743Total for 2023 $100,468
Replacement Year 2024Stairs and Landings
Paint stairways 86,011Total for 2024 $86,011
Replacement Year 2025Flatwork
Replace section of concrete 7,890Electric Wiring
Repair old electric wiring 346,058Total for 2025 $353,949
Replacement Year 2026Chimneys
Sweep chimneys 12,832Total for 2026 $12,832
No Replacement in 2027No Replacement in 2028
Replacement Year 2029Stairs and Landings
Paint stairways 99,710
Section 2 - Condominium AreasRA Annual Expenditure Detail
Borne ConsultingPAGE 16
Description Expenditures
Replacement Year 2029 continued...Chimneys
Sweep chimneys 14,022Total for 2029 $113,732
Replacement Year 2030Condominium Buildings
Replace siding 109,120Total for 2030 $109,120
Replacement Year 2031Stairs and Landings
Replace sections of stairs and landings 21,156Total for 2031 $21,156
Replacement Year 2032Chimneys
Sweep chimneys 15,322Total for 2032 $15,322
Replacement Year 2033Flatwork
Replace section of concrete 9,995Electric Wiring
Repair old electric wiring 438,377Total for 2033 $448,371
Section 2 - Condominium AreasRA Existing Reserve Study Summary
Borne ConsultingPAGE 17
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%Annual Assessment Increase 3.00%Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance $1,316,825.00
Existing Funding Model Summary of Calculations
Required Monthly Contribution $3,000.00Average Net Monthly Interest Earned $278.72Total Monthly Allocation to Reserves $3,278.72
Section 2 - Condominium AreasRA Existing Reserve Study Projection
Borne ConsultingPAGE 18
Beginning Balance: $1,316,825Projected Fully
Annual Annual Annual Ending Funded PercentYear Contribution Interest Expenditures Reserves Reserves Funded
2014 36,000 3,345 1,356,170 2,532,027 53%2015 37,080 3,445 1,396,694 2,657,047 52%2016 38,192 3,210 134,888 1,303,208 2,658,519 49%2017 39,338 2,591 289,245 1,055,893 2,517,644 41%2018 40,518 1,377,623 -281,212 1,360,324 -20%2019 41,734 74,194 -313,671 1,511,626 -20%2020 42,986 1,074,946 -1,345,631 716,365 -187%2021 44,275 -1,301,356 996,749 -130%2022 45,604 -1,255,752 1,277,836 -98%2023 46,972 100,468 -1,309,248 1,462,160 -89%2024 48,381 86,011 -1,346,877 1,664,165 -80%2025 49,832 353,949 -1,650,993 1,609,767 -102%2026 51,327 12,832 -1,612,498 1,897,599 -84%2027 52,867 -1,559,631 2,199,016 -70%2028 54,453 -1,505,177 2,501,186 -60%2029 56,087 113,732 -1,562,822 2,693,690 -58%2030 57,769 109,120 -1,614,173 2,894,855 -55%2031 59,503 21,156 -1,575,827 3,185,481 -49%2032 61,288 15,322 -1,529,861 3,483,155 -43%2033 63,126 448,371 -1,915,106 3,362,262 -56%
Section 2 - Condominium AreasRA Final Reserve Study Summary
Borne ConsultingPAGE 19
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%
Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance $1,316,825.00
Final Funding Model Summary of Calculations
Required Monthly Contribution $3,000.00Average Net Monthly Interest Earned $278.72Total Monthly Allocation to Reserves $3,278.72
Section 2 - Condominium AreasRA Final Reserve Study Projection
Borne ConsultingPAGE 20
Beginning Balance: $1,316,825Projected Fully
Annual Annual Annual Ending Funded PercentYear Contribution Interest Expenditures Reserves Reserves Funded
2014 36,000 3,345 1,356,170 2,532,027 53%2015 39,780 3,448 1,399,398 2,657,047 52%2016 43,957 3,224 134,888 1,311,691 2,658,519 49%2017 48,572 2,625 289,245 1,073,643 2,517,644 42%2018 53,672 1,377,623 -250,307 1,360,324 -18%2019 59,308 74,194 -265,192 1,511,626 -17%2020 65,535 1,074,946 -1,274,602 716,365 -177%2021 72,417 -1,202,186 996,749 -120%2022 80,020 -1,122,165 1,277,836 -87%2023 88,423 100,468 -1,134,210 1,462,160 -77%2024 97,707 86,011 -1,122,514 1,664,165 -67%2025 107,966 353,949 -1,368,497 1,609,767 -85%2026 119,303 12,832 -1,262,026 1,897,599 -66%2027 131,829 -1,130,196 2,199,016 -51%2028 145,671 -984,525 2,501,186 -39%2029 160,967 113,732 -937,290 2,693,690 -34%2030 177,868 109,120 -868,541 2,894,855 -30%2031 196,545 21,156 -693,153 3,185,481 -21%2032 217,182 15,322 -491,293 3,483,155 -14%2033 239,986 448,371 -699,679 3,362,262 -20%
TABLE OF CONTENTSSection 3 - Golf Course
Borne ConsultingPAGE 1
Detail Report by Category 2Annual Expenditure Spread Sheet 10Annual Expenditure Detail 12Existing Reserve Study Summary 15Existing Reserve Study Projection 16Final Reserve Study Summary 17Final Reserve Study Projection 18
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 2
Mill and overlay - 2020Asset ID A01.2
Golf CourseAsphalt Parking
Placed in Service April 2005Useful Life 15
Adjustment 1Replacement Year 2020
Remaining Life 6
4,300 SF @ $2.00Asset Cost $8,600.00
Percent Replacement 100%Future Cost $8,600.00
Description: Bituminous asphalt mat placed on prepared base soils.
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Cyclically overlay asphalt surfaces including partial replacement every 15 years starting in 2020.
Sealcoat and crack fill - 2018Asset ID A01.1
Golf CourseAsphalt Parking
Placed in Service April 2000Useful Life 4
Adjustment 15Replacement Year 2018
Remaining Life 4
4,300 SF @ $0.30Asset Cost $1,290.00
Percent Replacement 100%Future Cost $1,290.00
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 3
Sealcoat and crack fill continued...
Description: Bituminous asphalt mat placed on prepared base soils.
Condition: Satisfactory condition.
Action: ⦁ Cyclically sealcoat the asphalt surfaces every 4 years starting in 2018.
Asphalt Parking - Total Current Cost $9,890
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 4
Paint siding - 2016Asset ID A02.2
Golf CourseGolf Course Clubhouse Building
Placed in Service April 2012Useful Life 5
Replacement Year 2016Remaining Life 2
600 SF @ $2.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $1,200.00
Description: Wood framed structure on a spread footing foundation system. Board and batten wood siding.
Condition: The building envelope is in satisfactory condition.
Action: • Cyclically clean, scrape, prime and apply a new top coat of paint to the board and batten siding every 5 years starting in 2016.
Replace asphalt shingles - 2024Asset ID A02.3
Golf CourseGolf Course Clubhouse Building
Placed in Service April 2005Useful Life 20
Replacement Year 2024Remaining Life 10
3 UT @ $700.00Asset Cost $2,100.00
Percent Replacement 100%Future Cost $2,100.00
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 5
Replace asphalt shingles continued...
Description: Asphalt shingled sloped roof system.
Condition: Satisfactory condition.
Action/Cost(s): ⦁ Remove and replace the asphalt shingles in 2024.
Replace siding - 2019Asset ID A02.1
Golf CourseGolf Course Clubhouse Building
Placed in Service April 1980Useful Life 35
Adjustment 5Replacement Year 2019
Remaining Life 5
600 SF @ $12.00Asset Cost $7,200.00
Percent Replacement 100%Future Cost $7,200.00
Description: Wood framed structure on a spread footing foundation system. Board and batten wood siding.
Condition: The building envelope is in satisfactory condition.
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 6
Replace siding continued...
Action: ⦁ Remove and replace the board and batten siding and trim in 2019.
Golf Course Clubhouse Building - Total Current Cost $10,500
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 7
Refurbish clubhouse interior - 2015Asset ID A03.1
Golf CourseGolf Course Clubhouse Interior
Placed in Service April 2000Useful Life 15
Adjustment 1Replacement Year 2015
Remaining Life 1
1 UT @ $12,000.00Asset Cost $12,000.00
Percent Replacement 100%Future Cost $12,000.00
Description: There are two restrooms, the pro shop, the office and the equipment garage within the building.
Condition: The interior finishes of the restrooms and the clubhouse were in satisfactory condition.
Action: ⦁ Update the golf course clubhouse interior in 2015.
Golf Course Clubhouse Interior - Total Current Cost $12,000
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 8
Replace irrigation system - 2015Asset ID A04.1
Golf CourseGolf Course Irrigation System
Placed in Service April 1980Useful Life 30
Adjustment 6Replacement Year 2015
Remaining Life 1
1 UT @ $650,000.00Asset Cost $650,000.00
Percent Replacement 100%Future Cost $650,000.00
Description: Class 200 piping and the original heads and fittings.
Condition: Fair condition, main irrigation pump and motor has been overhauled.
Action: • Install the new HDPE irrigation system in 2015.
Golf Course Irrigation System - Total Current Cost $650,000
Section 3 - Golf CourseRA Detail Report by Category
Borne ConsultingPAGE 9
Replace golf course trees - 2015Asset ID A05.1
Golf CourseGolf Course Trees
Placed in Service April 1980Useful Life 5
Adjustment 31Replacement Year 2015
Remaining Life 1
78 UT @ $2,000.00Asset Cost $51,480.00
Percent Replacement 33%Future Cost $51,480.00
Description: Trees include Poplar, Douglas fir, and pine. Poplar trees – Approximately 34. Douglas fir and pine trees – Approximately 44.
Condition: Satisfactory condition. Some of the trees throughout the golf course have reached mature growth and some require heavy pruning and/or replacement.
Action: ⦁ Remove and replace a portion of the trees every 5 years starting in 2015.
Golf Course Trees - Total Current Cost $51,480
Section 3 - Golf CourseRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 10
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionAsphalt ParkingMill and overlay 10,269Sealcoat and crack fill 1,452 1,634Asphalt Parking Total: 1,452 10,269 1,634
Golf Course Clubhouse BuildingPaint siding 1,273 1,476Replace asphalt shinglesReplace siding 8,347Golf Course Clubhouse Building Total: 1,273 8,347 1,476
Golf Course Clubhouse InteriorRefurbish clubhouse interior 12,360Golf Course Clubhouse Interior Total: 12,360
Golf Course Irrigation SystemReplace irrigation system 669,500Golf Course Irrigation System Total: 669,500
Golf Course TreesReplace golf course trees 53,024 61,470Golf Course Trees Total: 53,024 61,470
Year Total: 734,884 1,273 1,452 8,347 71,739 1,476 1,634
Section 3 - Golf CourseRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 11
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionAsphalt ParkingMill and overlaySealcoat and crack fill 1,839 2,070Asphalt Parking Total: 1,839 2,070
Golf Course Clubhouse BuildingPaint siding 1,711 1,983Replace asphalt shingles 2,822Replace sidingGolf Course Clubhouse Building Total: 2,822 1,711 1,983
Golf Course Clubhouse InteriorRefurbish clubhouse interior 19,256Golf Course Clubhouse Interior Total: 19,256
Golf Course Irrigation SystemReplace irrigation systemGolf Course Irrigation System Total:
Golf Course TreesReplace golf course trees 71,260Golf Course Trees Total: 71,260
Year Total: 2,822 71,260 3,550 21,327 1,983
Section 3 - Golf CourseRA Annual Expenditure Detail
Borne ConsultingPAGE 12
Description Expenditures
No Replacement in 2014
Replacement Year 2015Golf Course Clubhouse Interior
Refurbish clubhouse interior 12,360Golf Course Irrigation System
Replace irrigation system 669,500Golf Course Trees
Replace golf course trees 53,024Total for 2015 $734,884
Replacement Year 2016Golf Course Clubhouse Building
Paint siding 1,273Total for 2016 $1,273
No Replacement in 2017
Replacement Year 2018Asphalt Parking
Sealcoat and crack fill 1,452Total for 2018 $1,452
Replacement Year 2019Golf Course Clubhouse Building
Replace siding 8,347Total for 2019 $8,347
Replacement Year 2020Asphalt Parking
Mill and overlay 10,269Golf Course Trees
Replace golf course trees 61,470Total for 2020 $71,739
Section 3 - Golf CourseRA Annual Expenditure Detail
Borne ConsultingPAGE 13
Description Expenditures
Replacement Year 2021Golf Course Clubhouse Building
Paint siding 1,476Total for 2021 $1,476
Replacement Year 2022Asphalt Parking
Sealcoat and crack fill 1,634Total for 2022 $1,634
No Replacement in 2023
Replacement Year 2024Golf Course Clubhouse Building
Replace asphalt shingles 2,822Total for 2024 $2,822
Replacement Year 2025Golf Course Trees
Replace golf course trees 71,260Total for 2025 $71,260
Replacement Year 2026Asphalt Parking
Sealcoat and crack fill 1,839Golf Course Clubhouse Building
Paint siding 1,711Total for 2026 $3,550
No Replacement in 2027No Replacement in 2028No Replacement in 2029
Replacement Year 2030Asphalt Parking
Sealcoat and crack fill 2,070
Section 3 - Golf CourseRA Annual Expenditure Detail
Borne ConsultingPAGE 14
Description Expenditures
Replacement Year 2030 continued...Golf Course Clubhouse Interior
Refurbish clubhouse interior 19,256Total for 2030 $21,327
Replacement Year 2031Golf Course Clubhouse Building
Paint siding 1,983Total for 2031 $1,983
Section 3 - Golf CourseRA Existing Reserve Study Summary
Borne ConsultingPAGE 15
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 0.00%Annual Assessment Increase 0.00%Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance
Existing Funding Model Summary of Calculations
No Required Monthly ContributionAverage Net Monthly Interest EarnedTotal Monthly Allocation to Reserves
Section 3 - Golf CourseRA Existing Reserve Study Projection
Borne ConsultingPAGE 16
Beginning Balance: $0Projected
Annual Annual Annual EndingYear Contribution Interest Expenditures Reserves
2014 02015 713,480 02016 1,200 02017 02018 1,290 02019 7,200 02020 60,080 02021 1,200 02022 1,290 02023 02024 2,100 02025 51,480 02026 2,490 02027 02028 02029 02030 13,290 02031 1,200 02032 02033 0
Section 3 - Golf CourseRA Final Reserve Study Summary
Borne ConsultingPAGE 17
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%
Interest Rate on Reserve Deposit 0.00%
2014 Beginning Balance
Final Funding Model Summary of Calculations
No Required Monthly ContributionAverage Net Monthly Interest EarnedTotal Monthly Allocation to Reserves
Section 3 - Golf CourseRA Final Reserve Study Projection
Borne ConsultingPAGE 18
Beginning Balance: $0Projected
Annual Annual Annual EndingYear Contribution Interest Expenditures Reserves
2014 02015 734,884 02016 1,273 02017 02018 1,452 02019 8,347 02020 71,739 02021 1,476 02022 1,634 02023 02024 2,822 02025 71,260 02026 3,550 02027 02028 02029 02030 21,327 02031 1,983 02032 02033 0
TABLE OF CONTENTSSection 4 - Wastewater Treatment Plant
Borne ConsultingPAGE 1
Detail Report by Category 2Annual Expenditure Spread Sheet 22Annual Expenditure Detail 28Existing Reserve Study Summary 33Existing Reserve Study Projection 34Final Reserve Study Summary 35Final Reserve Study Projection 36
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 2
Clarifier building - 2029Asset ID A01.01Waste Water Treatment Plant
WWTP EquipmentPlaced in Service August 2000
Useful Life 30Replacement Year 2029
Remaining Life 15
1,200 SF @ $14.00Asset Cost $16,800.00
Percent Replacement 100%Future Cost $26,173.85
Description: Onsite wastewater treatment systems used to treat wastewater from homes and return treated wastewater back into the receiving environment.
Condition: The clarifier building and components are housed in a concrete masonry unit (CMU) structure which has a ballasted EPDM roof. There are three, double bubble skylights on the roof of the building. The CMU structure, ballasted EPDM roof and skylights are in good condition.
Action: Remove and replace clarifer roof in 2029.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 3
Replace motors - 2017Asset ID A01.02Waste Water Treatment Plant
MotorsPlaced in Service August 2010
Useful Life 7Adjustment 1
Replacement Year 2017Remaining Life 3
2 UT @ $4,000.00Asset Cost $8,000.00
Percent Replacement 100%Future Cost $8,741.82
Description: Westinghouse 5hp, three phase, aeration motors.
Condition: Satisfactory condition.
Action: Remove and replace the Westinghouse 5hp, three phase, aeration motors every 7 years starting in 2017.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 4
Replace aerator and impeller - 2020Asset ID A01.03Waste Water Treatment Plant
AeratorPlaced in Service August 2011
Useful Life 10Replacement Year 2020
Remaining Life 6
2 UT @ $10,000.00Asset Cost $20,000.00
Percent Replacement 100%Future Cost $23,881.05
Description: Lightnin Aeration, 504Q5C w/impeller.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Lightnin Aeration, 504Q5C w/impeller every 10 years starting in 2020.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 5
Replace blower for digester - 2015Asset ID A01.13Waste Water Treatment Plant
BlowerPlaced in Service August 2007
Useful Life 3Adjustment 6
Replacement Year 2015Remaining Life 1
1 UT @ $4,500.00Asset Cost $4,500.00
Percent Replacement 100%Future Cost $4,635.00
Description: 15hp Sutorbuilt PD blower for digester.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the 15hp Sutorbuilt PD blower for digester every 3 years starting in 2015.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 6
Replace the PD blowers - 2017Asset ID A01.04Waste Water Treatment Plant
BlowerPlaced in Service August 2009
Useful Life 8Adjustment 1
Replacement Year 2017Remaining Life 3
2 UT @ $4,000.00Asset Cost $8,000.00
Percent Replacement 100%Future Cost $8,741.82
Description: Suitorbilt PD blowers.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Suitorbilt PD blowers every 8 years starting in 2017.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 7
Replace sterling electric motor - 2017Asset ID A01.07Waste Water Treatment Plant
Electric MotorPlaced in Service August 2010
Useful Life 7Adjustment 1
Replacement Year 2017Remaining Life 3
1 UT @ $10,000.00Asset Cost $10,000.00
Percent Replacement 100%Future Cost $10,927.27
Description: Sterling, 1.5hp electric motor.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Sterling, 1.5hp electric motor every 7 years starting in 2017.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 8
Replace the 3hp electric motors - 2018Asset ID A01.05Waste Water Treatment Plant
Electric MotorPlaced in Service August 2011
Useful Life 7Adjustment 1
Replacement Year 2018Remaining Life 4
2 UT @ $2,000.00Asset Cost $4,000.00
Percent Replacement 100%Future Cost $4,502.04
Description: WEG, 3hp electric motors.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the WEG, 3hp electric motors every 7 years starting in 2018.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 9
Replace westech clarifier and head drive - 2016
Asset ID A01.06Waste Water Treatment Plant
ClarifierPlaced in Service August 2002
Useful Life 15Replacement Year 2016
Remaining Life 2
1 UT @ $27,000.00Asset Cost $27,000.00
Percent Replacement 100%Future Cost $28,644.30
Description: Westech Clarifier with raking mechanism and clarifier drive head.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Westech Clarifier with raking mechanism and clarifier drive head every 15 years starting in 2016.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 10
Replace MRC flow meters - 2016Asset ID A01.10Waste Water Treatment Plant
Flow MeterPlaced in Service August 2002
Useful Life 15Replacement Year 2016
Remaining Life 2
2 UT @ $6,000.00Asset Cost $12,000.00
Percent Replacement 100%Future Cost $12,730.80
Description: MRC 5000 Flow meters.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the MRC 5000 Flow meters every 15 years starting in 2016.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 11
Replace Mag flow meters - 2021Asset ID A01.08Waste Water Treatment Plant
Flow MeterPlaced in Service August 2011
Useful Life 10Adjustment 1
Replacement Year 2021Remaining Life 7
2 UT @ $3,500.00Asset Cost $7,000.00
Percent Replacement 100%Future Cost $8,609.12
Description: Mag Flow meters, totalizer type mag 5000.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Mag Flow meters, totalizer type mag 5000 every 10 years starting in 2021.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 12
Replace submersible flow pumps - 2015
Asset ID A01.09Waste Water Treatment Plant
Submersible pumpsPlaced in Service August 2012
Useful Life 3Adjustment 1
Replacement Year 2015Remaining Life 1
4 UT @ $4,000.00Asset Cost $16,000.00
Percent Replacement 100%Future Cost $16,480.00
Description: 1.7 hp Submersible flow pumps.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the 3067 Submersible flow pumps, 1.7hp every 3 years starting in 2015.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 13
Replace electric control panel - 2021Asset ID A01.11Waste Water Treatment Plant
Control PanelPlaced in Service August 2002
Useful Life 20Replacement Year 2021
Remaining Life 7
1 UT @ $36,000.00Asset Cost $36,000.00
Percent Replacement 100%Future Cost $44,275.46
Description: Allen Bradley electric control panel unit.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Allen Bradley electric control panel unit every 20 years starting in 2021.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 14
Replace effluent mixer - 2020Asset ID A01.12Waste Water Treatment Plant
Effluent mixerPlaced in Service August 2011
Useful Life 10Replacement Year 2020
Remaining Life 6
1 UT @ $4,000.00Asset Cost $4,000.00
Percent Replacement 100%Future Cost $4,776.21
Description: Lightnin 6.5hp effluent mixer.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Lightnin 6.5hp effluent mixer every 10 years starting in 2020.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 15
Replace building heater - 2021Asset ID A01.14Waste Water Treatment Plant
HeaterPlaced in Service August 2001
Useful Life 20Adjustment 1
Replacement Year 2021Remaining Life 7
1 UT @ $750.00Asset Cost $750.00
Percent Replacement 100%Future Cost $922.41
Description: Clairifier building heater unit.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Clairifier building heater unit every 20 years starting in 2021.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 16
None - 2014Asset ID A01.15Waste Water Treatment Plant
Solution ContainersPlaced in Service August 2000
Useful Life 10Replacement Year 2014
Remaining Life 0
2 UT @ Asset Cost
Percent Replacement 100%Future Cost
Description: 100 gallon plastic C12 solution containers.
Condition: Satisfactory condition.
Action: ⦁ None. We were informed that the 100 gallon plastic C12 solution containers do not require maintenance or replacement.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 17
Replace pulsation control pumps - 2014
Asset ID A01.16Waste Water Treatment Plant
Control PumpsPlaced in Service August 2012
Useful Life 2Adjustment 1
Replacement Year 2014Remaining Life 0
2 UT @ $700.00Asset Cost $1,400.00
Percent Replacement 100%Future Cost $1,400.00
Description: Pulsation control pumps.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Pulsation control pumps every 2 years starting in 2014.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 18
Replace 15 hp motors for digester - 2021
Asset ID A01.17Waste Water Treatment Plant
15 HP MotorsPlaced in Service August 2007
Useful Life 15Replacement Year 2021
Remaining Life 7
2 UT @ $4,000.00Asset Cost $8,000.00
Percent Replacement 100%Future Cost $9,838.99
Description: 15hp US Motors for digester.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the 15hp US Motors for digester every 15 years starting in 2021.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 19
Replace influent control panel - 2027Asset ID A01.18Waste Water Treatment Plant
Influent Control PanelPlaced in Service August 2005
Useful Life 23Replacement Year 2027
Remaining Life 13
1 UT @ $3,000.00Asset Cost $3,000.00
Percent Replacement 100%Future Cost $4,405.60
Description: Influent works control panel.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the Influent works control panel starting in 2027.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 20
Replace digester roof, air and sludge pumps - 2015
Asset ID A01.19Waste Water Treatment Plant
DigesterPlaced in Service August 2000
Useful Life 20Adjustment -4
Replacement Year 2015Remaining Life 1
1 UT @ $100,000.00Asset Cost $100,000.00
Percent Replacement 100%Future Cost $103,000.00
Description: WWTP sludge digester.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the digester roof, air pumps, and sludge pumps in 2015.
Section 4 - Wastewater Treatment PlantRA Detail Report by Category
Borne ConsultingPAGE 21
Replace lagoon liner - 2021Asset ID A01.20Waste Water Treatment Plant
Lined LagoonPlaced in Service August 2000
Useful Life 20Adjustment 2
Replacement Year 2021Remaining Life 7
1 UT @ $180,000.00Asset Cost $180,000.00
Percent Replacement 100%Future Cost $221,377.30
Description: Lagoon liner.
Condition: Satisfactory condition.
Action: ⦁ Remove and replace the lagoon liner in 2021.
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 22
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionWWTP EquipmentClarifier buildingWWTP Equipment Total:
MotorsReplace motors 8,742Motors Total: 8,742
AeratorReplace aerator and impeller 23,881Aerator Total: 23,881
BlowerReplace blower for digester 4,635 5,065 5,534Replace the PD blowers 8,742Blower Total: 4,635 8,742 5,065 5,534
Electric MotorReplace sterling electric motor 10,927Replace the 3hp electric motors 4,502Electric Motor Total: 10,927 4,502
ClarifierReplace westech clarifier and head drive 28,644Clarifier Total: 28,644
Flow MeterReplace MRC flow meters 12,731Replace Mag flow meters 8,609Flow Meter Total: 12,731 8,609
Submersible pumpsReplace submersible flow pumps 16,480 18,008 19,678Submersible pumps Total: 16,480 18,008 19,678
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 23
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023DescriptionControl PanelReplace electric control panel 44,275Control Panel Total: 44,275
Effluent mixerReplace effluent mixer 4,776Effluent mixer Total: 4,776
HeaterReplace building heater 922Heater Total: 922
Solution ContainersNoneSolution Containers Total:
Control PumpsReplace pulsation control pumps 1,400 1,485 1,576 1,672 1,773Control Pumps Total: 1,400 1,485 1,576 1,672 1,773
15 HP MotorsReplace 15 hp motors for digester 9,83915 HP Motors Total: 9,839
Influent Control PanelReplace influent control panelInfluent Control Panel Total:
DigesterReplace digester roof, air and sludge pumps 103,000Digester Total: 103,000
Lined LagoonReplace lagoon liner 221,377Lined Lagoon Total: 221,377
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 24
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023Description
Year Total: 1,400 124,115 42,860 28,411 29,151 30,329 310,236 1,773
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 25
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionWWTP EquipmentClarifier building 26,174WWTP Equipment Total: 26,174
MotorsReplace motors 10,751 13,223Motors Total: 10,751 13,223
AeratorReplace aerator and impeller 32,094Aerator Total: 32,094
BlowerReplace blower for digester 6,048 6,608 7,221 7,891Replace the PD blowers 11,074 14,028Blower Total: 6,048 11,074 6,608 7,221 21,919
Electric MotorReplace sterling electric motor 13,439 16,528Replace the 3hp electric motors 5,537 6,810Electric Motor Total: 13,439 5,537 16,528 6,810
ClarifierReplace westech clarifier and head drive 44,627Clarifier Total: 44,627
Flow MeterReplace MRC flow meters 19,834Replace Mag flow meters 11,570Flow Meter Total: 31,404
Submersible pumpsReplace submersible flow pumps 21,503 23,497 25,675 28,056Submersible pumps Total: 21,503 23,497 25,675 28,056
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 26
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033DescriptionControl PanelReplace electric control panelControl Panel Total:
Effluent mixerReplace effluent mixer 6,419Effluent mixer Total: 6,419
HeaterReplace building heaterHeater Total:
Solution ContainersNoneSolution Containers Total:
Control PumpsReplace pulsation control pumps 1,881 1,996 2,118 2,247 2,383Control Pumps Total: 1,881 1,996 2,118 2,247 2,383
15 HP MotorsReplace 15 hp motors for digester15 HP Motors Total:
Influent Control PanelReplace influent control panel 4,406Influent Control Panel Total: 4,406
DigesterReplace digester roof, air and sludge pumpsDigester Total:
Lined LagoonReplace lagoon linerLined Lagoon Total:
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Spread Sheet
Borne ConsultingPAGE 27
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033Description
Year Total: 53,622 16,611 1,996 34,511 2,118 26,174 73,656 105,782 9,193 49,975
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Detail
Borne ConsultingPAGE 28
Description Expenditures
Replacement Year 2014Solution Containers
NoneControl Pumps
Replace pulsation control pumps 1,400Total for 2014 $1,400
Replacement Year 2015Blower
Replace blower for digester 4,635Submersible pumps
Replace submersible flow pumps 16,480Digester
Replace digester roof, air and sludge pumps 103,000Total for 2015 $124,115
Replacement Year 2016Clarifier
Replace westech clarifier and head drive 28,644Flow Meter
Replace MRC flow meters 12,731Control Pumps
Replace pulsation control pumps 1,485Total for 2016 $42,860
Replacement Year 2017Motors
Replace motors 8,742Blower
Replace the PD blowers 8,742Electric Motor
Replace sterling electric motor 10,927Total for 2017 $28,411
Replacement Year 2018Blower
Replace blower for digester 5,065
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Detail
Borne ConsultingPAGE 29
Description Expenditures
Replacement Year 2018 continued...Electric Motor
Replace the 3hp electric motors 4,502Submersible pumps
Replace submersible flow pumps 18,008Control Pumps
Replace pulsation control pumps 1,576Total for 2018 $29,151
No Replacement in 2019
Replacement Year 2020Aerator
Replace aerator and impeller 23,881Effluent mixer
Replace effluent mixer 4,776Control Pumps
Replace pulsation control pumps 1,672Total for 2020 $30,329
Replacement Year 2021Blower
Replace blower for digester 5,534Flow Meter
Replace Mag flow meters 8,609Submersible pumps
Replace submersible flow pumps 19,678Control Panel
Replace electric control panel 44,275Heater
Replace building heater 92215 HP Motors
Replace 15 hp motors for digester 9,839Lined Lagoon
Replace lagoon liner 221,377Total for 2021 $310,236
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Detail
Borne ConsultingPAGE 30
Description Expenditures
Replacement Year 2022Control Pumps
Replace pulsation control pumps 1,773Total for 2022 $1,773
No Replacement in 2023
Replacement Year 2024Motors
Replace motors 10,751Blower
Replace blower for digester 6,048Electric Motor
Replace sterling electric motor 13,439Submersible pumps
Replace submersible flow pumps 21,503Solution Containers
NoneControl Pumps
Replace pulsation control pumps 1,881Total for 2024 $53,622
Replacement Year 2025Blower
Replace the PD blowers 11,074Electric Motor
Replace the 3hp electric motors 5,537Total for 2025 $16,611
Replacement Year 2026Control Pumps
Replace pulsation control pumps 1,996Total for 2026 $1,996
Replacement Year 2027Blower
Replace blower for digester 6,608
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Detail
Borne ConsultingPAGE 31
Description Expenditures
Replacement Year 2027 continued...Submersible pumps
Replace submersible flow pumps 23,497Influent Control Panel
Replace influent control panel 4,406Total for 2027 $34,511
Replacement Year 2028Control Pumps
Replace pulsation control pumps 2,118Total for 2028 $2,118
Replacement Year 2029WWTP Equipment
Clarifier building 26,174Total for 2029 $26,174
Replacement Year 2030Aerator
Replace aerator and impeller 32,094Blower
Replace blower for digester 7,221Submersible pumps
Replace submersible flow pumps 25,675Effluent mixer
Replace effluent mixer 6,419Control Pumps
Replace pulsation control pumps 2,247Total for 2030 $73,656
Replacement Year 2031Motors
Replace motors 13,223Electric Motor
Replace sterling electric motor 16,528
Section 4 - Wastewater Treatment PlantRA Annual Expenditure Detail
Borne ConsultingPAGE 32
Description Expenditures
Replacement Year 2031 continued...Clarifier
Replace westech clarifier and head drive 44,627Flow Meter
Replace Mag flow meters 11,570Replace MRC flow meters 19,834
Total for 2031 $105,782
Replacement Year 2032Electric Motor
Replace the 3hp electric motors 6,810Control Pumps
Replace pulsation control pumps 2,383Total for 2032 $9,193
Replacement Year 2033Blower
Replace blower for digester 7,891Replace the PD blowers 14,028
Submersible pumpsReplace submersible flow pumps 28,056
Total for 2033 $49,975
Section 4 - Wastewater Treatment PlantRA Existing Reserve Study Summary
Borne ConsultingPAGE 33
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%Annual Assessment Increase 3.00%Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance $237,813.00
Existing Funding Model Summary of Calculations
Required Monthly Contribution $867.75Average Net Monthly Interest Earned $50.49Total Monthly Allocation to Reserves $918.24
Section 4 - Wastewater Treatment PlantRA Existing Reserve Study Projection
Borne ConsultingPAGE 34
Beginning Balance: $237,813Projected Fully
Annual Annual Annual Ending Funded PercentYear Contribution Interest Expenditures Reserves Reserves Funded
2014 10,413 606 1,400 247,432 418,700 59%2015 10,725 323 124,115 134,365 336,769 39%2016 11,047 244 42,860 102,796 337,648 30%2017 11,379 202 28,411 85,965 354,418 24%2018 11,720 158 29,151 68,693 371,475 18%2019 12,072 188 80,953 417,799 19%2020 12,434 144 30,329 63,201 434,859 14%2021 12,807 310,236 -234,228 184,363 -127%2022 13,191 1,773 -222,811 242,528 -91%2023 13,587 -209,224 302,616 -69%2024 13,994 53,622 -248,852 310,794 -80%2025 14,414 16,611 -251,049 356,643 -70%2026 14,846 1,996 -238,199 417,319 -57%2027 15,292 34,511 -257,417 446,660 -57%2028 15,751 2,118 -243,784 508,613 -47%2029 16,223 26,174 -253,735 547,805 -46%2030 16,710 73,656 -310,681 541,887 -57%2031 17,211 105,782 -399,252 507,466 -78%2032 17,727 9,193 -390,718 570,085 -68%2033 18,259 49,975 -422,434 593,548 -71%
Section 4 - Wastewater Treatment PlantRA Final Reserve Study Summary
Borne ConsultingPAGE 35
Report Date December 17, 2014
Budget Year Beginning December 31, 2014Budget Year Ending December 30, 2015
Report Parameters
Inflation 3.00%
Interest Rate on Reserve Deposit 0.25%
2014 Beginning Balance $237,813.00
Final Funding Model Summary of Calculations
Required Monthly Contribution $867.75Average Net Monthly Interest Earned $50.49Total Monthly Allocation to Reserves $918.24
Section 4 - Wastewater Treatment PlantRA Final Reserve Study Projection
Borne ConsultingPAGE 36
Beginning Balance: $237,813Projected Fully
Annual Annual Annual Ending Funded PercentYear Contribution Interest Expenditures Reserves Reserves Funded
2014 10,413 606 1,400 247,432 418,700 59%2015 11,506 324 124,115 135,147 336,769 40%2016 12,715 248 42,860 105,250 337,648 31%2017 14,050 211 28,411 91,100 354,418 25%2018 15,525 176 29,151 77,650 371,475 20%2019 17,155 218 95,022 417,799 22%2020 18,956 188 30,329 83,837 434,859 19%2021 20,947 310,236 -205,452 184,363 -111%2022 23,146 1,773 -184,079 242,528 -75%2023 25,576 -158,503 302,616 -52%2024 28,262 53,622 -183,864 310,794 -59%2025 31,229 16,611 -169,245 356,643 -47%2026 34,508 1,996 -136,733 417,319 -32%2027 38,132 34,511 -133,112 446,660 -29%2028 42,135 2,118 -93,094 508,613 -18%2029 46,560 26,174 -72,708 547,805 -13%2030 51,448 73,656 -94,916 541,887 -17%2031 56,851 105,782 -143,848 507,466 -28%2032 62,820 9,193 -90,221 570,085 -15%2033 69,416 49,975 -70,780 593,548 -11%