[fairmont-announce] Re: Board Meeting Minutes / New Reserve Study

  • From: fairmont-announce@xxxxxxxxxxxxx
  • To: fairmont-announce@xxxxxxxxxxxxx
  • Date: Sun, 10 Apr 2022 23:10:12 -0500

On 4/10/22 23:01, fairmont-announce@xxxxxxxxxxxxx wrote:

The minutes of the Board meeting of 4/4/2022 have been posted here:

https://tundraware.com/Fairmont/2022/2022-Board_Meeting_Minutes/

Please be aware that the most recent Reserve Study the Board commissioned last
year has been received.  In light of the high inflation rate we're currently
experiencing, this study suggests that our Reserve funding is inadequate and
that an increase in monthly assessment may be required.

The Board is currently studying the report to see what, exactly, is appropriate
to do here.  This will be a topic for our next Board meeting.  We encourage
all homeowners to read this document and come to the next quarterly Board
meeting with your questions or concerns.  You will find this new Reserve
Study at:

https://tundraware.com/Fairmont/Reserve_Studies/20220404-Reserve-Analysis.pdf


You can also find prior Reserve Studies here:

    https://tundraware.com/Fairmont/Reserve_Studies/


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Contact our management company directly with any concerns:

   Tom Dase Management, LLC
   1420 Renaissance Dr. Suite 102
   Park Ridge, IL 60068

   847-894-1200

For documents, budgets, rules, etc., go to:

   https://www.tundraware.com/Fairmont

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