parked in fire zones, cut off pedestrians, and blocked other vehicles. Signage posted to stop this activity did little to persuade busy parents to use the safer drop-off/pickup zone at the school.
Drivers often parked in fire zones, cut off pedestrians, and blocked other vehicles.
Pandemic Impact on Commuting
The pandemic further reduced the use of this lot by commuters as telecommuting increased in popularity. The RRROA discovered that it was paying the cost of maintaining a lot that was not being used for its intended purpose. In early 2022, management and the board found a solution to the problem by renting most of the lot to a nearby tech company that needed additional parking for their employees.
The association was paying the cost of maintaining a lot that was not being used for its intended purpose.
Use Resources Strategically
Eight spots remain for commuters, and the rest is rented. This decision has turned a mostly unused lot (and growing liability) into a financial asset for owners.
This turned a mostly unused lot (and growing liability) into a financial asset for owners.
Income from the rented spaces covers the maintenance cost for the lot plus additional association operation costs, keeping assessments reasonable and our owners happy.
Talk to us about your community association needs. We can help.
Popular Association Banking exclusively serves the community association industry. We offer:1
• Financing for building repairs and capital improvements.
• Competitive fixed rates with terms up to 15 years.
• Excess FDIC insurance coverage limits available with IntraFi® Network DepositsSM ICS® and CDARS®).2
(formerly
Contact us today! Grant Shetron, CMCA, AMS, PCAM Office: 510.406.3198 Toll free: 800.233.7164
GShetron@popular.com
www.popularassociationbanking.com
1. Subject to credit approval. 2. Network Deposits is a service mark, and IntraFi, CDARS, and ICS are registered service marks of IntraFi Network LLC. © 2022 Popular Bank. Member FDIC.
RUFF CONSTRUCTION, INC. ruf
fconstruction.com | 425.487.0702
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32
