1. Priority: Owner and Guest Safety 2. Build/Maintain a Firm Financial Foundation 3. Improve and Contemporize Building’s Appearance.

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Presentation transcript:

1. Priority: Owner and Guest Safety 2. Build/Maintain a Firm Financial Foundation 3. Improve and Contemporize Building’s Appearance

Ramp pedestrian safety zone Oceanside sand walkway Storm Door standardization Previous bayside railing reinforcement Bayside railing replacement 1-Bedroom Security Partitions (Fall Y2014)

Increase (100%+) reserve of previous administration Establish reserve buffer Finance projects without the need for special assessments Establish a comprehensive reserve study for capital expenditure planning

Repair/re-coating of North, East (Oceanside) and South Facades Storm Door standardization Dune restoration and cleanup Fence restoration (both parking lot and dune) Western (Bayside) Elevation Project Future? (parking lot resurface, sliding door/window encasements, eventual roof replacement)

Constellation House Financial Presentation April 12, 2014

Constellation House “Reserve Funding” By Year Board undertakes low-cost but critical safety oriented projects (sand walkway, railing stabilization)

Constellation House Condo Fees $146,320 Reserve Contribution $69,490 Operating Fund $76,830 Constellation House Y2013 Financial Snapshot $11,000

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