Crown Harbor Homeowner Association

Reserve Study Reviews

The Reserve Study Committee receives a Reserve Study from Associa, reviews it for physical asset and financial accuracy, and makes a recommendation to the Association Treasurer for how the study impacts future dues.

	Findings from the Reserve Study Update Review of 2018 The 2018 reserve study was provided by Associa. The first version of the full report was published on May 31, 2018. Based on an inquiry about siding replacement, two spending plan updates were provided. The first plan was based on a 3-phase siding replacement project. The second plan was based on the same 3-phase siding replacement project but also delayed painting until after the siding work was completed. Both additional spending plan updates were provided on July 23, 2018. The recommendation for an increase in the reserve contribution is under review by the committee. The work of the committee can be found in the Reserve Study Review Committee 2018 Report PDF. The password is the same as the one used for the Crown Harbor directory.
	Findings from the Reserve Study Update Review of 2017 The 2017 reserve study update was provided by Associa. The first version of the full report was published on September 22, 2017. The cost for this update was $375, far less than the ~$2,000 for a brand new reserve study. The recommendation for a reserve contribution of $183,605 for 2018 was adopted by the Board. This was a 10% increase from the reserve contribution of $166,914 for 2017. The work of the committee can be found in the Reserve Study Review Committee 2017 Report PDF. The password is the same as the one used for the Crown Harbor directory.
	Findings from the Reserve Study Update Review of 2016 The 2016 reserve study update was provided by Associa. The first version of the full report was published on June 14, 2016. The current version of the full report was published on July 22, 2016. The cost for this update was $375, far less than the ~$2,000 for a brand new reserve study. The big change was adding the cost of a 3 year project to replace the irrigation system and drought tolerant vegetation to be in compliance with the California Model Water Efficient Landscape Ordinance (WELO) ordinance by the year 2020. The recommendation for a reserve contribution of $166,914 for 2017 was accepted at the August 10, 2016 board meeting. This was a 3% increase from the reserve contribution of $162,052 for 2016. The work of the committee can be found in the Reserve Study Review Committee 2016 Report PDF. The password is the same as the one used for the Crown Harbor directory.
	Findings from the Reserve Study Review of 2015 The 2015 reserve study was conducted by Associa. The third version of the full report was published on July 17, 2015 and accepted by the Board. The recommendation for a reserve contribution of $162,052 for 2016 was accepted by the Board. The work of the committee can be found in the Reserve Study Review Committee 2015 Report PDF. The password is the same as the one used for the Crown Harbor directory.
	Findings from the Reserve Study Review of 2012 This reserve study led to the special assessment for the roof replacement project. The 2012 reserve study was conducted by Association Reserves of San Francisco, LLC. The executive summary and full report were published on February 20, 2012. The work of the committee can be found in the Reserve Study Review Committee 2012 Report PDF. The password is the same as the one used for the Crown Harbor directory.