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Hawaiki Tower News.pdf

9628cf_1ef9106c7fcf44049890633408181669.pdf

🔗 Source: hawaikitower.org

📊 Size: 623 KB

👤 Author: manager

⬇️ Downloads: 89

Summary

The 2017 budget has a 3% increase in maintenance fees due to rising utility rates, with significant increases in water and sewer fees. The Board prioritizes funding reserves and has implemented energy-saving projects, resulting in $9.5 million in cumulative savings. The insurance deductible is increasing to $25,000, and owners are advised to increase their loss assessment rider to protect themselves from this exposure. A typical insurance claim process is outlined, including water extraction, damage assessment, and restoration, with owners responsible for interior apartment restoration and personal property damage. An Employee Gratuity/Christmas Fund has been established for residents to show appreciation for employees.

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Description

The 2017 budget has a 3% increase in maintenance fees due to rising utility rates, with significant increases in water and sewer fees.

Technical Information

File Format: PDF
File Size: 623 KB
Pages: 4
Language: EN
Author: manager
Total Downloads: 89
Last Updated: 2 months ago

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