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SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE
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Page 1: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC.

PURRYSBURG POOL UPDATE

Page 2: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Project Status

• Substantially Complete with Phases 1 & 2.

• Current Expenditures $1.18m

• Now beginning the final phase. Phase 3.

Page 3: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Construction Phasing

• Phase 1 - Project began by replacing >>>>>>>>>rooftop dehumidifiers.

• Phase 2 - Interior and exterior renovations. - Re-plastering pool revealed

……………….deteriorated condition of shell.

*** Use of machinery and overhead hazards for ceiling work …prevented pool level work until final phase of renovations.

*** Shell condition was unknown until final phase of work.

Page 4: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Phase 1 Dehumidifiers Replacement

• Project began by replacing rooftop dehumidifiers.

• Cost $400k• Work is substantially

complete.

Page 5: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Phase 2 Renovation

• Interior envelope found compromised by moisture intrusion.

• Wall studs and finishes undergone replacement.

• Phase 2 began with initial pool scope to re-plaster only.

Page 6: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Phase 2 Interior / Exterior Surfaces

• Interior and exterior renovations began March 10th

• Cost $800k• Work is substantially

complete.

Page 7: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Phase 3 Launch

• Pool shell condition found unfavorable.

• Deterioration evaluated by Engineering Professionals to determine if current shell is “Fit for Use”

• Recommendations range from Partial Replacement and Localized Repairs to Full replacement.

Page 8: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Determined work necessary to preserve shell condition likely to exceed 50% of its surface area.

Page 9: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Phase 3 Action Plan

• Board of Directors has approved full replacement of pool and spa, reducing future risk and extending useful life of the pool.

• Additional cost is $400k

Page 10: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Phase 3 Project Timeline

• New Permit Required (6-8 Weeks)• Construction Work (approximately 7 weeks)• Estimated Completion October 15, 2011

Page 11: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Project Cost Summary

Page 12: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

Finance Committee

Dick Eberhart

Page 13: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC.

PURRYSBURG POOL PROJECT

Page 14: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

HOW WILL WE PAY FOR THE PURRYSBURG POOL REPAIRS?

• The Community Association maintains a Reserve Fund to cover major repairs and replacement of capital assets such as swimming pools

• If you check your quarterly statement you will notice a $55 charge for reserves

• As of June 1, 2011, the HOA Reserve Fund contains about $6.5 million

Page 15: SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL UPDATE.

HOA RESERVE FUND SUMMARY

x(000)Balance as of June 1 $6,500Plus Assessments for rest of the year 850Less Purrysburg Project 1,700Less Other Projects planned for 2011 975Estimated Balance on Dec. 31 $4,575

WE WILL NOT NEED TO MAKE A SPECIAL ASSESSMENT.