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SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC.

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. Construction Phasing.

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SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC.

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

  2. Project Status • Substantially Complete with Phases 1 & 2. • Current Expenditures $1.18m • Now beginning the final phase. Phase 3.

  3. 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.

  4. Phase 1 Dehumidifiers Replacement • Project began by replacing rooftop dehumidifiers. • Cost $400k • Work is substantially complete.

  5. 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.

  6. Phase 2 Interior / Exterior Surfaces • Interior and exterior renovations began March 10th • Cost $800k • Work is substantially complete.

  7. 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.

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

  9. 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

  10. Phase 3 Project Timeline • New Permit Required (6-8 Weeks) • Construction Work (approximately 7 weeks) • Estimated Completion October 15, 2011

  11. Project Cost Summary

  12. Finance Committee Dick Eberhart

  13. SUN CITY HILTON HEAD COMMUNITY ASSOCIATION, INC. PURRYSBURG POOL PROJECT

  14. 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

  15. HOA RESERVE FUND SUMMARY

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