DHARA CAPITAL PROJECT UPDATE & PROPOSAL CAPITAL PROJECT - PowerPoint PPT Presentation

DHARA CAPITAL PROJECT UPDATE & PROPOSAL

CAPITAL PROJECT OVERVIEW Community House Egress Project • Remove the aging wooden fire escape from the back of the clubhouse and create a new egress in the front of the building. • This will serve to significantly improve safety and also bring our facility up to current fire code and ADA standards. Bathhouse Renovation • Fully renovate the men’s and women’s bathrooms to improve aesthetics and resolve significant drainage and ventilation issues. The board believes both of these projects are necessary and will serve to improve both the safety and overall usability of our clubhouse. The board has engaged Ritter Norton Architect Firm for initial plans

CURRENT EGRESS EXISTING CONDITIONS PLAN

PROPOSED EGRESS PROPOSED PLAN

PROPOSED INTERIOR EGRESS

EXISTING CONDITIONS PLAN

DHARA BATHHOUSE RENOVATION PROJECT GOALS & RECENT ACTIVITIES Primary Goals • Improve floor drainage and grade to eliminate standing water • Operable windows to improve airflow • Improve overall ventilation/replace HVAC system • Replace hot water system • Minimize horizontal surfaces, corners, grout/tile joints where dust, grime, bacteria, mold, or mildew growth may collect • Replace lockers, sinks, toilets, etc. • Improve overall bathroom aesthetics

UPDATED CONCEPT PLAN

FINANCE OPTIONS

DHARA FUNDING SOURCE OPTIONS Capital Capital Bank Loan Reserves Assessment Financing solution will likely include some mix of these three sources

BATHHOUSE PROJECT FUNDING OPTIONS Total Project Capital Reserves Ten Year Bank Loan Capital Assessment Outlay Option #1 $220,000 $0 $400,000 $620,000 Overall Per Member Impact No increase in annual dues Two $400 payments for each member $800 increase; DHARA members would receive Impact on Membership $1,650 upon sale of pool membership Share Value Option #2 $220,000 $300,000 $100,000 $620,000 Overall Annual dues would increase ~$80 per Per Member Impact year for each member to repay loan over One payment of $200 for each member the ten-year life of loan $200 increase; DHARA members would receive Impact on Membership $1,050 upon sale of pool membership Share Value Option #3 $220,000 $150,000 $250,000 $620,000 Overall Annual dues would increase ~$40 per Per Member Impact year for each member to repay loan over One payment of $500 for each member the ten-year life of loan $500 increase; DHARA members would receive Impact on Membership $1,350 upon sale of pool membership Share Value

DHARA CAPITAL PROJECTS NEXT STEPS • Requesting approval of the membership to proceed. • 30 day membership feedback period • Questions, comments and suggestions can be emailed or posted in Facebook • We will plan to have another meeting in May • Purpose of this meeting will be to have two votes. • The first will be requesting approval to move forward with the next phase of the project. • The second vote will be to request approval of the finance plan. • Once membership approvals are in place, we will aggressively work to get full architectural drawings, permits and contractors lined up. • The goal will be to begin construction shortly after the pool closes (September 2018 )

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