As you probably know, the Association commissioned Team Engineering to develop a Capital Reserve Study for Hickory Woods. This study is a systematic catalogue of all capital assets, their remaining useful life and their projected replacement costs.

The study is complete. Here are links to the study:
Hickory Woods Reserve Owner’s Report, (the short version)
Hickory Woods Reserve Study Final, (the long version)

In summary, the study indicates a $49 per month increase in our assessment might be necessary.

On October 1 at 7:00 PM unit owners are invited to an overview of the study to be given by Team Engineering. The meeting will conclude with Q&A.

(Interestingly, the first major outlay will be $127,000 for an Asphalt Overlay of Tavern Hill and Church Lane in the year 2029. The condition of Tavern Hill Road was a major concern during the Transition. It will not be until 2037 when the remainder of the roads will require an overlay.)