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Sun Lakes HOA 2 Fitness Center
Design Options Presentations
August 24 & 29, 2017 and October 11, 2017
* Presentations are Workshop Minutes
FINANCIAL INFORMATION
The Board of Directors has recommended that the
ballot include seeking permission to include
$1,000,000 from CAPITAL FUNDS to offset a portion
of the cost of any improvement.
I will review each option showing first the Architect’s
estimate, the $1M reduction and finally the
assessment per unit in one payment and three
payment (spread over 18 months) options.
OPTION 1 …
Remodel the existing facility
Architect’s estimate $1.8 M
Capital contribution $1.0 M
Net $0.8 M
Assessment per unit
One time payment $210
Three payments $70
OPTION 2 …
Single story facility at existing site
Architect’s estimate $3.3 M
Capital contribution $1.0 M
Net $2.3 M
Assessment per unit
One time payment $606
Three payments $202
OPTION 3 …
Two story facility at existing site
Architect’s estimate $5.2 M
Capital contribution $1.0 M
Net $4.2 M
Assessment per unit
One time payment $1,104
Three payments $368
OPTION 4 …
Single story facility at corner lot
Architect’s estimate $3.0 M
Capital contribution $1.0 M
Net $2.0 M
Assessment per unit
One time payment $525
Three payments $175
