2017 Reserve Study Summary

This reserve study was completed January 2017 and should have been presented to the community at the annual meeting. It should have been discussed at great length but it was ignored instead.

My theory is that the 2 Board members didn't want to pay special assessments so they didn't bother to inform the entire community of how bad it was. Just a select group were informed as for as what I can see.

This list of items in the reserve study is not complete or correct.

As a example the "Asphalt Overlay" means that all of the asphalt is beyond its life expectancy and need to be replaced. That cost now from what I understand would run closer to $500K.

The "Retaining Wall repair" is more than a repair. They recently quoting around $160K for just one of the retaining walls (we have two walls)

We have two walls and both need to be replaced. 

There is also damage to the buildings above that was a done because of these failing retaining walls. (They have been failing for years and ignored).

This will be explained further, stay tuned.

Funny fact about the Mailboxes needing to be replaced:

Several Mailboxes were pried open, and mail the mail was stolen.

Both mine and my neighbors were ones that were pried open.

My neighbors box door had been off the hinges for several months and the association would not fix it. 

The association sent out this letter.

I contacted the post office and was told it was not their responsibility.  

I didn't even bother contacting the board because the guys at the post office told me that the president of our board came in and told them there was nothing wrong with the mailboxes.

Our mailboxes got broken into a second time as you can see in the second letter.

Here is the post offices response a couple days later.

Our mail boxes are not secure and even according to the reserve study theyt should have already been replaced.

Another owner and I spoke one day at the mailboxes, and I believe he spent his own money to put up a camera so at least it is being monitored by someone.

Good for that homeowner. 

Per Millbrooks own Policy our Reserve study is due every 5 years and should have been presented at the annual meeting.

To accomplish this the association would have had to budget for it and have it completed by the end of 2021.

None of this has ever happened. 

The orange highlight is bothersome. A reserve study should be done by a professional. That would be like getting medical advice from a first-year medical student.

Every year this study should be reviewed and incorporated into the budget. It should be discussed at every annual meeting.

None of this happens in Millbrook.

The Board President didn't even know about the policy.... He was on the Board in 2

I know all of this because I asked at a HOA meeting on 7-1-21

The President said he was not aware of the policy BUT what was even funnier is that the property management company, Sentry Property Management, had no clue of the policy either and they did our budget for 2021?!?!