DHARA CAPITAL PROJECT UPDATE & PROPOSAL CAPITAL PROJECT - - PowerPoint PPT Presentation

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Jan 13, 2023 364 likes •527 views

DHARA CAPITAL PROJECT UPDATE & PROPOSAL CAPITAL PROJECT OVERVIEW Community House Egress Project Remove the aging wooden fire escape from the back of the clubhouse and create a new egress in the front of the building. This will serve

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DHARA CAPITAL PROJECT UPDATE & PROPOSAL

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CAPITAL PROJECT OVERVIEW

Community House Egress Project

Remove the aging wooden fire escape from the back of the clubhouse and create a

new egress in the front of the building.

This will serve to significantly improve safety and also bring our facility up to

current fire code and ADA standards.

Bathhouse Renovation

Fully renovate the men’s and women’s bathrooms to improve aesthetics and resolve

significant drainage and ventilation issues.

The board believes both of these projects are necessary and will serve to improve both the safety and overall usability of our clubhouse. The board has engaged Ritter Norton Architect Firm for initial plans

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EXISTING CONDITIONS PLAN

CURRENT EGRESS

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PROPOSED PLAN

PROPOSED EGRESS

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PROPOSED INTERIOR EGRESS

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EXISTING CONDITIONS PLAN

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DHARA BATHHOUSE RENOVATION PROJECT GOALS & RECENT ACTIVITIES

Primary Goals

Improve floor drainage and grade to eliminate standing water
Operable windows to improve airflow
Improve overall ventilation/replace HVAC system
Replace hot water system
Minimize horizontal surfaces, corners, grout/tile joints where dust, grime,

bacteria, mold, or mildew growth may collect

Replace lockers, sinks, toilets, etc.
Improve overall bathroom aesthetics

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UPDATED CONCEPT PLAN

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FINANCE OPTIONS

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DHARA FUNDING SOURCE OPTIONS

Capital Reserves Bank Loan Capital Assessment

Financing solution will likely include some mix of these three sources

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Capital Reserves Ten Year Bank Loan Capital Assessment Total Project Outlay

Option #1

Overall $220,000 $0 $400,000 $620,000 Per Member Impact No increase in annual dues Two $400 payments for each member Impact on Membership Share Value $800 increase; DHARA members would receive $1,650 upon sale of pool membership

Option #2

Overall $220,000 $300,000 $100,000 $620,000 Per Member Impact Annual dues would increase ~$80 per year for each member to repay loan over the ten-year life of loan One payment of $200 for each member Impact on Membership Share Value $200 increase; DHARA members would receive $1,050 upon sale of pool membership

Option #3

Overall $220,000 $150,000 $250,000 $620,000 Per Member Impact Annual dues would increase ~$40 per year for each member to repay loan over the ten-year life of loan One payment of $500 for each member Impact on Membership Share Value $500 increase; DHARA members would receive $1,350 upon sale of pool membership

BATHHOUSE PROJECT FUNDING OPTIONS

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DHARA CAPITAL PROJECTS NEXT STEPS

Requesting approval of the membership to proceed.
30 day membership feedback period
Questions, comments and suggestions can be emailed or posted in Facebook
We will plan to have another meeting in May
Purpose of this meeting will be to have two votes.
The first will be requesting approval to move forward with the next phase of the

project.

The second vote will be to request approval of the finance plan.
Once membership approvals are in place, we will aggressively work to

get full architectural drawings, permits and contractors lined up.

The goal will be to begin construction shortly after the pool closes

(September 2018)

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