Important Financial Considerations
100% Funded in Replacement Reserves based on professional reserve study performed every 3 to 4 years (recent study performed 2015).
Gas (heating & cooking) & water utilities are included in condominium fee. HVAC system is water sourced heat pump with individual air handlers in units. Reduced electricity consumption compared to standard heat pump systems as heating and cooling is generated by central cooling towers and boilers.
Focus on Reduction in Consumption
From the beginning, our Boards have remained focused on finding ways to reduce energy consumption and costs. In the past several years, our electricity consumption has been reduced by over $200,000 per year through projects including garage lighting retrofit, variable speed exhaust systems and controlled motor speeds to name a few.