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 Name
2018 Friendship Park Spring Toys - Replace
2018 Friendship Park Safety Padding - Seal/Repair
2018 Friendship Park Safety Padding - Replace
2018 Friendship Park Park Furniture - Replace
2018 Friendship Park Basketball Court - Refinish
2018 Friendship Park Pole Lights - Repaint
2018 Friendship Park Gazebo - Repaint
2018 Summit Ridge Lane Park Safety Padding - Seal/Repair
2019 Camelback Ridge Avenue Park Safety Padding - Replace
2019 Camelback Ridge Avenue Park Play Structures - Replace
2019 Common Areas Time Clock Enclosures - Replace
2019 Common Areas Concrete - Repair
2019 Common Areas Stucco Wall - Repaint (Phase VI)
2019 Common Areas Wrought Iron Fencing - Repaint (Phase III)
2019 Common Areas Wrought Iron Fencing - Repaint (Phase II)