The 2024 Reseve Fund Study is now complete for the Silver Vally Condominium Association.
Reserve Fund Studies (RFS) are conducted periodically by an approved, professional third party to evaluate the overall condition of the community buildings and infrastructure. Our current RFS, like its predecessor several years ago, was conducted by Reserve Advisors, a company specializing in the preparation of these studies.
The RFS inventory, evaluation, and recommendations are then used as a general guidline by the board to make both short and long term plans for the maintenance, repair, or replacement of our buildings, infrastructure, and assets. The study helps identify issues, direct board actions, and estimate costs and the funding required to properly maintain our community.
Many of our garage doors are in bad shape. In fact, lower panels on several units have lost their paint entirely, and are starting to rot. We ask that all unit owners accept responsibility for cleaning and painting their entrance and garage doors, as needed.
