— New Email Received Today: Mon, Nov 2, 2015 8:09 pm —
— (not on https://community.associawebsites.com/sites/ArrowCreek at this time) —

RE: ACHOA RESERVE STUDY WITH GOLF

Dear ACHOA Members,

CLICK HERE TO VIEW/PRINT THE ACHOA RESERVE STUDY WITH GOLF

Browning Reserve Group recently completed its updated Reserve Study with the inclusion of the potential common area assets that the ArrowCreek Homeowners Association, Inc. (ACHOA) may acquire if approved by the ACHOA members. The entire report includes all infrastructure and land under the 36-hole golf course which includes sprinkler system piping larger than two inches in diameter, bridges, culverts, cart paths, and drainage. (Pages 16 and17) The “Current Replacement Costs” of all current ACHOA assets with the proposed acquired property would be $19,625,011. (Page 2 ACHOA Nevada Members Summary Section) The “Estimated Future Replacement Cost” of all current ACHOA assets with the proposed acquired property would be $30,573,480. (Page 52 of the Reserve Fund Forecast Component Method).

The Browning Reserve Study indicates that monthly Reserve Fund Impact for the proposed acquisition will be an increase of $2.00 per month per ACHOA member. This would increase the Reserve Fund monthly assessment to $82.00 per month for 2016 and 2017 per ACHOA member. The total increase would be $26,064 added to the ACHOA Reserve Fund. (1,086 X $2.00 X 12 Months) The Five Year required Reserve Study would re-evaluate the proposed acquired property in late 2017 to determine any revisions to the Reserve Monthly Assessment for 2018, 2019, 2020, 2021 and 2022. Future projections are provided on page 31 in the report in the section called 30 Year Reserve Funding Cash Flow Method.

If you have any questions, please email them to the ACHOA at acservice@associasn.com or send them care of Associa Sierra North to 10509 Professional Circle, #200, Reno, NV 89521, or call 775-626-7333, so that your questions can be forwarded and responses provided.

Regards,
The ACHOA Board of Directors