CAI-NJ July 2018 (w)(1)

Reflections of Life on a Board By Mark Maloney The Ponds Condominium Association, Inc., Board Member

I am just completing my second year serving the on board of directors for a medium-sized age-restricted community in New Jersey that also happens be a condominium association. The most significant challenge facing us on the board has been the aging infrastructure of our community. After many years, things usually start to break down and can do so catastrophically unless the board has been doing their due diligence. What we found when we started looking at the infrastruc- ture is that many things were at the end of their useful life and needed to be entirely replaced. Our essential guide during this process was our reserve study and subsequently, the repair history, if any, of the item in question. It does not take the proverbial ‘rocket scientist’ to realize that an HVAC unit

© iStockphoto.com

CONT I NU E S ON PAGE 16

14

J U L Y , 2 0 1 8