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The Reserve Fund UNABRIDGED

Magazine Article by Stuart Saft on June 01, 2015

manager uses the reserves to pay for capital projects and does nothing to replenish them. Sound familiar ... manager uses the reserves to pay for capital projects and does nothing to replenish them. Sound familiar

Old Neighborhood, New Community UNABRIDGED

Magazine Article by Soter, Tom on May 01, 2002

in the neighborhood; and it could possibly be one of the youngest properties of its kind to need major capital ... properties of its kind to need major capital improvement work. "There were a lot of construction defects
— was paid out of the co-op’s capital reserves without the need for an assessment. “We have a 5% flip tax ... the challenges of the fix-up, and how you can use their experiences to smooth out yours. Are you doing capital ... , and a combined heat and power system, all paid for out of the co-op's capital reserves without the need
to explain a controversial capital project, an accountant to describe disconcerting financial statements ... , such as the building's finances and planned capital improvements or projects. 
-op on Manhattan's Upper West Side. "We needed to get a five- to ten-year estimate of capital-improvement costs, so ... and expensive building-conditions reports that co-op and condo boards use for capital-reserve planning, mortgage
, is the stuff that dreams are made of — a relatively painless way to raise capital funds for their buildings
Unpaid vendors, a budget deficit, no funds for capital improvement... When the board
capital improvements and new reserve funding — until the bank with the building's mortgage swooped
Our uptown neighbors at 45 Central Park North are keeping busy with capital work: the six

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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