From the report:
Borne Consulting has been commissioned by Homestead in the Willows Homeowners Association to
prepare a Reserve Study update. The purpose of this Reserve Study update is to evaluate the
common-area components for major repair, maintenance and replacement that are the responsibility
of the Association. This Study provides a limited-scope evaluation of the existing condition and
remaining life of the common-area components. The Study also includes estimated costs for the major
repair, maintenance and/or replacement of the items to enable the Association to establish an
adequate level of reserve funds for the upkeep of the property. Major repair, maintenance and/or
replacement items are defined as anything that costs over $1,000.