TEACHERS
GALLERY
PRICING
SIGN IN
TRY ZURU
GET STARTED
Loop
Audio
Interval:
5s
10s
15s
20s
60s
Play
1 of 15
Slide Notes
Download
Go Live
New! Free Haiku Deck for PowerPoint Add-In
Bids, Contracts, & Reserves
Share
Copy
Download
0
1
Published on Mar 16, 2016
No Description
View Outline
MORE DECKS TO EXPLORE
7 Strategies to Write a Speech with Ease
84669 views
10 ways
45196 views
TXLA Wrap-up 2015
9450 views
What is Creativity
67870 views
What is Media Literacy Today?
25815 views
WHY WORK WITH ME?
20270 views
PRESENTATION OUTLINE
1.
Bids, Contracts, & Reserves
Michael Montag | Vial Fotheringham, LLP
Photo by
NobMouse
2.
Bids
More important for bigger expenses
3.
Bids
More important for bigger expenses
4.
Contracts
3rd party maintenance agreements
Construction agreements
Cable bulk service agreements
Loan agreements
Insurance policies
Easements, licenses, other real estate
Attorney representation agreements
Etc., etc., etc.
Photo by
Gunnar Wrobel
5.
Contract Provisions
Payment
Goods & Services
Scope of work
Timing
Photo by
quaziefoto
6.
Contract Provisions
Insurance
Indemnification
Merger/Integration
Limitation of liability
Photo by
Richard Cassan
7.
Contract Provisions
Termination
Dispute Resolution
Attorney Fees
Photo by
Steve Snodgrass
8.
Remember:
Not all contracts must be in writing
Sometimes you need a lawyer
Not reading the contract is not an excuse
Photo by
haagenjerrys
9.
Reserves
You need them. The End.
Photo by
*MarS
10.
Reserve Requirements
Your governing documents may require a reserve account
OCA and PCA both require a reserve account*
Reserve account must be separate from operating
Photo by
LendingMemo
11.
Reserve study: A current estimate of the funds needed to replace common facilities in the future. It will estimate the monthly assessments needed to adequately fund the reserve account.
Photo by
Tim Swinson | http://timswinson.com
12.
I'm not going to talk about that.
Some associations are not required to have a reserve study.
13.
Reserve Studies
Update annually
Includes items needing maintenance, repair, or replacement
Estimated remaining useful life
Estimated cost
Photo by
Backdoor Survival
14.
Other Reserve Issues
Investment - must be FDIC insured
Borrowing - by board resolution, must have repayment plan
Photo by
Tracy O
15.
Questions?
mdm@vf-law.com
Photo by
Leo Reynolds
Friend of Haiku Deck
×
Error!