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FEMA Flood Zone Map Amendment
The Board of River Banks Lofts has successfully appealed
the flood zone notice for our building. The Letter Of Amended Map from
FEMA releasing RBL from certain flood zone requirements is located
here.
Special Assessment Information
The Board of River Banks Lofts has passed a $2.8 Million
Special Assessment to address several capital projects across 2010, 2011 and
2012. The primary components are additional exterior masonry repairs and roof
membrane replacement. There
efforts will require funding outside of the Association's
normal operating budget and this special assessment will
provide this funding. As part of the continuing effort to keep RBL
residents and owners informed via this site, the following documents are
provided for reference and study.
-
Board Summary and Perspective - the Board's background and process used
to determine the action taken, distributed to owners 12/18/09
-
2003 Critical
Exam Report - The report prepared by Schoengart Associates that laid the
initial groundwork for the necessity of the repairs addressed by the Special
Assessment.
- Board Communication concerning Special Assessment
dated 11/18/09 -
SA
information and
financing options. Both Items were distributed to Unit Owners via
mail.
- SG&W 10/19/09 Presentation - at the October 19th meeting of the River Bank Lofts Board
Sullivan Goulette &
Wilson our architectural/structural consultants made their primary presentation. Their presentation
outlined their background, qualifications and select partners, as well as
documenting some of the existing exterior masonry and roof related issues our
building faces. Their presentation is
here (a very large
pdf, please be patient while loading).
-
Board Letter to
Owners 9/24/09 - background
information concerning the current issues.
-
SG&W Capital Reserve Report Cover Letter -
introductory note from Association consultants who prepared the latest
Capital Reserve Report (CRR).
-
SG&W Capital Reserve Report - latest 20 year reserve
study (originally distributed at 9/21/09 Association Board meeting and
attached to Board's 9/24/09 letter).
-
Peer Review Summary - Dearborn Engineering was hired by the Board to
complete a peer review of the plan submitted by SGW for the exterior masonry
repairs and roof work. Dearborn reported their findings at the
11/30/09 Board meeting.
-
Board Validity Legal Opinion - during the course of discussions
concerning the Special Assessment the question for the Board's validity was
raised and the Board sought this legal opinion from the Association's
Counsel to address the issue.
-
Rooftop Structures Legal Opinion - during the course of discussions
concerning the Special Assessment, the Board sought confirmation of the
status of the rooftop structures of our building to determine whether the
association or unit owners would be responsible for the exterior facade and
roof repairs being proposed.
- Special Assessment Payment - each unit owner will be
responsible for payment of the Special Assessment attached here are two
items that will help review the options. 1)
Special
Assessment Payment Options - reviews the options for payment and
includes some frequently asked questions. 2)
Special Assessment Calculator - this is an excel worksheet that will
allow owners to determine their share of the Special Assessment and how the
amount works through various payment options. (Please note that you will
need Microsoft excel installed on your computer to open the file in this
second link.)
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