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City of Roseville HRA <br />Condo/Townhome Association Survey Summary <br /> <br />Number of Surveys Sent: 33 <br />Number of Responses Received: 10 <br />Response Rate: 30% <br /> <br />1. Does your complex have an Association? Yes (9 responses) <br />No (0 response) <br /> <br />2. Does your Association have an operating budget? Yes (9 responses) <br /> No (0 response) <br /> <br />3. If yes , is the operating budget adequate or inad equate to fund on-going maintenance and <br />repairs? Adequate (8 responses) <br />Inadequate (1 response) <br /> <br />4. If no , how are current and future comm on area repairs/maintenance funded? <br /> <br />• Don’t get done or special assessment <br />• Major repairs – each homeowner cont ributes equal amount [of] money in <br />addition to monthly dues. <br /> <br />5. Does your Association have a reserve pl an and budget that includes long-range <br />projections? Yes (7 responses) <br />No (2 responses) <br /> <br />6. If yes , is the reserve budget adequate or in adequate to fund long-term repairs and <br />replacements? Adequate (5 responses) <br /> Inadequate (2 responses) <br /> <br />7. If no , how does the Association plan on fundi ng long-term repairs and replacements? <br /> <br />• Increase mo. assessments or special assessment. <br />• Budget can take care of normal repairs . We are facing elevator update. <br />Approximate costs to be about $600,000 to bring 4 elevators up to code. <br />• Have just recently begun planning for reserves. <br /> <br />8. Has the Association made any improvements to the common areas (including exterior <br />improvements to structures) with in the last five years? Yes (7 responses) <br />No (2 responses) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />