Interlachen Pool Presentation 2009 Blog

InterlachenOf Pelican BayPool Project Update

The Condition of the Pool

• The following slides will show the deterioration of the pool deck and wooden bulkheads

• The sand fill under the deck is leaking through the bulkheads into the pool which is causing the deck to crack and slope

SLOPING DECK

CAULKED DECK CRACKS

SHIFTING DECK CRACK

DECK AND BULKHEAD DETERIORATION

DECK AND BULKHEAD DETERIORATION

DECK AND BULKHEAD DETERIORATION

Pool Committee Considerations

• Five options were reviewed by the pool committee

• These five options were further reduced to two final considerations

Options Considered by the Pool Committee

A. New deck, bring existing pool & deck to compliance

• Doing nothing was not an option

B. New 16’ deck & bulkhead, bring old pool to compliance

C. New pool & Spa, new 14.5’ deck & new bulkhead

• Additional cost for 16’ deck was minimal

D. New pool & Spa, new 16’ deck & new bulkhead

E. Include new bulkhead at both ends of bridge

• In these economic times this additional cost was not advisable

Pool Committee Estimated Costs for Plan B or Plan D

2009 Interlachen Pool Project

Plan B Plan DSame as Plan A Renovation New Pool/Spa 16' DeckPlus 16' Deck & Composite Sheet Piles New Pool /Spa Equipment PkgeNew Spa Package

Site Prep $11,100.00 $11,100.00Basic Demolition $5,050.00 $5,050.00additional demolition of pool/spa $6,850.00Basic Paver Deck $31,476.80 $28,268.00thin set paver on lanai additional to 16' $1,833.75 additional to 16' $1,833.75Pool work spa work with spa equipment $99,750.00New Pool / Spa & Equipment $175,703.00Electic Allowance - Lighting & fixture $6,000.00 $6,000.00Fence & Gates $16,875.00 $14,625.00Additional Back Fill $8,478.75 $8,478.78SUB TOTAL $180,564.30 $257,908.53

Sheet Pile Composite Bulkhead $171,200.00 $171,200.00Manta Ray Tie Backs $15,360.00SUB TOTAL $367,124.30 $429,108.53

Additional Costs Not Considered by Pool Committee

2009 Interlachen Pool Project

New Vac Pac & Piping $16,500.00 includedMove Existing Pool Heater Equipment est add to scope of work $2,000.00 add to scope of work $2,000.00Retro Fit Existing Ladders to new Deck est $500.00 $500.00SUB TOTAL $386,124.30 $431,608.53

Contingency fund @ % 5% $19,181.22 2% $8,582.17Construction Manager $10,000.00 $10,000.00Pelican Bay & DOH Permits $2,400.00 $2,400.00Engineering Contract est $4,500.00 $4,500.00Legal Preperation & Documents est $1,500.00 $1,500.00

$423,705.52 $458,590.70

Reserve Fund Contribution ($75,000.00) ($75,000.00)$348,705.52 $383,590.70

The following slides will portray the need for an additional vac-pac for the reconditioned old pool in option B

Note: A vac-pac is a complete pump and filter package

PUMP ROOM FLOOR

PUMP ROOM ELECTRICAL

PUMP ROOM SPA CONTROLS

PUMP ROOM FLOOR

Final Costs with Additional Costs Included

2009 Interlachen Pool Project

New Vac Pac & Piping $16,500.00 includedMove Existing Pool Heater Equipment est add to scope of work $2,000.00 add to scope of work $2,000.00Retro Fit Existing Ladders to new Deck est $500.00 $500.00SUB TOTAL $386,124.30 $431,608.53

Contingency fund @ % 5% $19,181.22 2% $8,582.17Construction Manager $10,000.00 $10,000.00Pelican Bay & DOH Permits $2,400.00 $2,400.00Engineering Contract est $4,500.00 $4,500.00Legal Preperation & Documents est $1,500.00 $1,500.00

$423,705.52 $458,590.70

Reserve Fund Contribution ($75,000.00) ($75,000.00)$348,705.52 $383,590.70

Plan B (old pool) Final Cost Estimate all in = $348,705.52

Plan D (new pool) Final Cost Estimate all in = $383,590.70

Difference between old and new pool = $34,872

Financial Model

PlanB Plan D Differential

Total Estimated Costs 348,705.00$ 383,590.00$ 34,872.00$

Cost per Unit 3,750.00$ 4,125.00$ 375.00$

Assessment Model

Assessment 3,000.00$ 3,000.00$

3 Quarterly Maintenance 3 x 250=750 3 x 375=1125 375.00$ Increments

Per Quarter 250.00$ 375.00$ 125.00$

Board of Directors Recommendations

• The Interlachen Board of Directors has unanimously decided to proceed with Option D (new pool, spa, bulkhead and 16’ deck)

• Requests for quotation and accurate pricing for this package will be let immediately.

• The Board of Directors will present the final cost and unit assessments, along with a suggested financial plan as soon as the quotation process is complete.