Constellation house unit owners meeting april 12 2014
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Constellation House Unit Owners Meeting April 12, 2014 PowerPoint PPT Presentation


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Constellation House Unit Owners Meeting April 12, 2014. Board’s Focus Y2008 – Y2014:. Priority: Owner and Guest Safety Build/Maintain a Firm Financial Foundation Improve and Contemporize Building’s Appearance. #1 Owner and Guest Safety Y2008 – Y2014:. Ramp pedestrian safety zone

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Constellation House Unit Owners Meeting April 12, 2014

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Constellation HouseUnit Owners MeetingApril 12, 2014


Board’s Focus Y2008 – Y2014:

Priority: Owner and Guest Safety

Build/Maintain a Firm Financial Foundation

Improve and Contemporize Building’s Appearance


#1 Owner and Guest SafetyY2008 – Y2014:

Ramp pedestrian safety zone

Oceanside sand walkway

Storm Door standardization

Previous bayside railing reinforcement

Bayside railing replacement

1-Bedroom Security Partitions (Fall Y2014)


#2 Build/Maintain Firm Financial FoundationY2008 – Y2014:

Increase (100%+) reserve of previous administration

Establish reserve buffer

Finance projects without the need for special assessments

Establish a comprehensive reserve study for capital expenditure planning


#3 Improve/Contemporize the Building’s AppearanceY2008 – Y2014:

Repair/re-coating of North, East (Oceanside) and South Facades

Storm Door standardization

Dune restoration and cleanup

Fence restoration (both parking lot and dune)

Western (Bayside) Elevation Project

Future?

(parking lot resurface, sliding door/window encasements, eventual roof replacement)


Constellation HouseFinancial PresentationApril 12, 2014


Constellation House “Reserve Funding” By Year 2007-2014

Board undertakes low-cost but critical safety oriented projects (sand walkway, railing stabilization)


CH Reserve Fund

$211,000

Constellation House Y2013 Financial Snapshot

Reserve Contribution $69,490

$11,000

Condo Fees $146,320

Constellation House

Operating Fund $76,830

Insurance/Flood

$34,400

Management Fee

$12,000

Administrative $1,500

Building Maint.

$8,200

Water/Sewer $2,500

Elevator

$3,300

Cleaning

$6,300

General Supplies

$1,600

Electricity

$3,000

Audit/Legal

$3,200


Thanks for attending!

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