Dear Board wish to than Update Enclosed you SMA California

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Dear Board wish to than Update Enclosed you SMA California Powered By Docstoc
					                                       059        e.             n              4
                                      20 Camden Ave Suite 151, San Jose, CA 95124




Dear Board, 

I wish to than                                     for the prepa ration of your community
             nk you for considering SMA California f                                                 rve Study 
                                                                                        y’s 2011 Reser
Update.  

Enclosed you               e Reserve Stud
             u will find the            dy Update Ag                          . SMA California will prepa
                                                    greement for  your project.                         are a 
reserve studyy update including the nec             ssment and R eserve Funding Disclosure
                                        cessary Asses                                     e Summary to  o comply 
             des 1365 and 1365.2.5.  
with civil cod

          ork 
Scope of Wo

The Reserve Study update e is designed to provide thhe board withh an updated reserve funding plan and disclosure 
documents bbased on the component li                 n the most re
                                      ist set forth in           ecent reserve   study. The update will adjust unit 
            on standard inflation and w
costs based o                         will adjust the            useful life of p
                                                     e remaining u                          etermined ma
                                                                                previously de            ajor 
components. Because the ere will be no visual inspec             major compon
                                                    ction to the m             nents, the adeequacy of datta 
presented in the reserve u
                         update will be dependent on the adequ    uacy of data p             he most recent reserve 
                                                                                provided in th
study.  

The updated reserve fund                            ancial analysi s of the assoc
                        ding plan will include a fina                                        erve fund bala
                                                                                ciation’s rese            ance, 
evaluation of           cy of the rese
            f the adequac            erve fund, and d a recomme ndation for fu  uture reservee funding.  

                                       $375. 
Services will be provided for a fee of $

            w the enclose
Please review           ed agreement t and reserve study update               MA California
                                                                e checklist. SM                          reparation 
                                                                                           a will begin pr
of your comm            erve study upd
            munity’s rese            date upon recceipt of the s igned agreemment, and doc cuments nece  essary for 
                        eserve study. Please forward these docu
the completion of your re                                       uments to my               t your earliest 
                                                                              y attention at
convenience.  

            any questions, please do no
If you have a                                      o ask.  
                                      ot hesitate to

Kindest regards, 
 
Stephen Martin, RS, RSS 
 
 

APPROVAL
       L

Association:

          y:
Approved by

Signature:       x                                                             e:
                                                                            Date




           nia   |   2059 C
SMA Californ                                         Jose, CA 95124
                          Camden Ave. Suite 151, San J                                                      ornia.com 
                                                                  4   |   (408) 306‐0145   |   w ww.smacalifo
                            RESERVE STUDY UPDATE CHECKLIST

The following documents will assist us in preparing a more accurate and concise reserve study update for
your community. The more information we have, the better the update will be.

Please provide us with a copy of the following information:


Document Checklist

         Signed Reserve Study Agreement                                                   * Required

         Previous Reserve Study or Update                                                 * Required

         Current Balance Sheet showing Reserve Fund Balance                               * Required

         Current Budget – Indicating the Annual Reserve Contribution                      * Required

         Project Deferral Statement by Board                                      * If Applicable



Reserve Project Information

Please list any reserve component that have been completed since the last reserve study / update:

Component / Work Performed:
Cost of Project:

Component / Work Performed:
Cost of Project:

Component / Work Performed:
Cost of Project:

Component / Work Performed:
Cost of Project:

Component / Work Performed:
Cost of Project:

Component / Work Performed:
Cost of Project:

Component / Work Performed:
Cost of Project:

				
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