As some of you might remember from our annual meeting, we determined a reserve study was necessary. We undertook that work along with Beaver Village Management and have realized, after significant effort, that we are unable to complete the study with only our expertise. To do a study like this correctly requires professional engagement. Therefore, we are going to engage the services a reserve study professional to complete what we began.
It took a great deal of effort and time to realize we needed to outsource this work, but we used the time to try our best to do this without incurring the cost of a professional study. Unfortunately, we were just not able to do so. If you have any questions, feel free to contact any of your board members or Beaver Village Management.
