GVRCA Reserve Study

A reserve study is an in-depth evaluation of a property's physical components and an analysis of its reserve funds. Based on a thorough on-site inspection, a custom reserve study details anticipated replacements or repairs to common-area elements and recommends annual reserve funding to cover capital expenditures for the next 30 years.

The reserve study gives community association managers, board members and property owners assurance that future major property expenses are identified early and that a funding plan is in place to pay for those expenses. A well-prepared reserve study can avert special assessments and supports a harmonious community.

The following table is a summary of GVRCA reserve study items by year, area and component. The table is sortable by headings. To view the complete GVRCA Reserve Study including financial information, please visit GVRCA Terra West Web Portal.

Date Reserve Item Area Reserve Component Namesort descending
2018 Friendship Park Basketball Court - Refinish
2018 Strawberry Hill Park Basketball Court - Refinish
2019 Common Areas Concrete - Repair
2018 Wingbrook Avenue Park Digger Toys - Replace
2020 Cozy Hill Circle Park Gazebo - Refurbish
2018 Summit Ridge Lane Park Gazebo - Repaint
2018 Friendship Park Gazebo - Repaint
2018 Strawberry Hill Park Gazebo - Repaint
2018 Josh Stevens Park Gazebo - Repaint
2018 Summit Ridge Lane Park Gazebo - Wood Trellis - Repaint
2018 Strawberry Hill Park Gazebo - Wood Trellis - Repaint
2018 Common Areas Landscaping - Renovate
2020 Common Areas Palm Trees - Partial Replacement
2018 Summerwood Circle Park Park Furniture - Replace
2018 Amazing Valley Lane Park Park Furniture - Replace