Archive for board of directors
Engineering Studies Obtained
Posted by: | CommentsThe Association has obtained two engineering studies which study properties, equipment and other items owned by the Association and then project repair and replacement cost for these items. The Board of Directors uses these projections to fund the reserve from your annual assessments. It is recommended to conduct Reserve Studies every five years.
The Fisher-Smoucha Consulting Reserve Study was completed in 1997. At that time the Eldorado Homeowners’ Association did not own any part of Eldorado Lake or the reflection ponds. To see this Reserve Study click here.
At the same time this study was being conducted, the Association asked another company to investigate drainage in the area. This study was conducted by Baird, Hampton and Brown. To see this engineering report click here. These estimates were not included in the Reserve Studies.
The most current Reserve Study was completed in 2004 by Criterium Engineering. It does not include any of the lakes, dams, or bridges which are owned by the Eldorado Homeowners’ Association. To view this Reserve Study click here.