Role & Authority
Reserve Advisors is the firm engaged to complete the Prestonfield HOA’s reserve study in 2026 — the first reserve study since Waldman Engineering Consultants in 2014 (a 12-year gap). The study identifies reserve components, projects replacement timelines and costs, and recommends a funding plan. Reserve Advisors was selected at the January 2026 board meeting at a contract price of $2,200.
Contract
| Item | Detail |
|---|---|
| Engagement | Reserve Study — full study |
| Contract amount | $2,200 |
| Approved | January 14, 2026 |
| Study completed | February 17, 2026 |
| Payment | $1,100 retainer paid Q1 2026 (confirmed in financial-report-2026-03) |
Contact Information
Not confirmed in any ingested document.
Related Topics
reserve-study-findings, assessment-structure, hoa-annual-finances
Meeting History
| Date | Event |
|---|---|
| 2026-01-14 | Reserve Advisors selected from candidates; $2,200 contract approved. Source: minutes-2026-01-14 |
| 2026-02-17 | Full reserve study completed. 6 components identified; $1,288,158 total 30-year expenditures projected; phased funding increases recommended from $7,799/yr to ~$24,300/yr by 2031. Source: reserve-study-2026 |
| 2026-05-07 | Board reviewed study and questioned whether scope correctly excluded homeowner-owned property. Board to clarify with Reserve Advisors. Study’s actual classification appears correct — “Homes and Lots” designated Owner Responsibility. Source: minutes-2026-05-07 |