2019 – Restoration Costs

The Board of Directors estimates the entire project to cost around $1.6 million.  This is an ESTIMATE ONLY, and is based on current preliminary bids. Actual costs will be disclosed when they become available.

The complete Scope of Work includes:

  • Concrete and stucco repair on buildings A and C.
  • Installation of movement control joints on elevated walkways on buildings A and C.
  • Removal and replacement of walkway railing systems on buildings A and C.
  • Installation of waterproofing and other protection systems at buildings A and C elevated, non-enclosed balconies and walkways.
  • Removal and replacement of sealants on buildings A, B, and C.
  • Repair and reinstallation of mansard roof soffits on buildings A and C.
  • Painting and weatherproofing of the exterior of buildings A, B, and C.
  • Elevator modernization of buildings A, B, & C.

Repayment Terms. Homeowners will be have two re-payment options:

  1. Long term financing: For example*, if the loan amount is $1.6 million divided by 149 units over 120 months (or 10 years) the monthly payment would be $90. 
  2. One lump sum: A one time payment in full.

*This is an example only. Actual monthly payment data is not yet available.


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