Canal Walk Newsletter February 2015
Canal Walk Newsletter February 2015 From the Board of Directors Now that the holidays, parties and 2014 are behind us, we look forward to Super Bowl Sunday and Groundhog Day, and, hopefully, a mild winter. The Board of Directors and our management staff wish you and yours a very good and healthy New Year. At this time, we would like to make a special note of welcome to our new neighbors who have recently moved into their new homes in the Reserve North section of Canal Walk. Welcome. FINANCES Our finances and budget are currently looking extremely good. We are on or under in all areas of our budget. Given a mild, as predicted, winter, we should continue to remain within budget. The only significant unquantified expense expected would be any costs of repairs associated with transition to which we are reserving monies to offset these expenses. TRANSITION Stage One transition evaluations has been completed, and we are in the process of determining the total costs that may be associated with any repairs. These costs, as well as those expenses already expended, which can be attributed to defects in material or construction, as well as the aforementioned cost to repair, will be the points of negotiation with the builder. Stage One covers the main Clubhouse (inside and out), the common areas around the Clubhouse, including the parking lot, and parts of Stryker, Tallman, Hardenberg, Silcox, Witherspoon, Hancock, Jays Corner, Delaware Crossing, Bray, Revere, Abrams and Norwich Courts, Yates, Farringdon Plaza, Jacob and Nostrand Way and adjacent wooded areas. As you may have observed, the builder has started repairs to roads, sidewalks and driveway aprons as was necessary and required.
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