CAI-NJ Nov. 2021(w)

tech touch value LEVERAGING TECHNOLOGY TO STREAMLINE COMMUNICATION, OPERATIONS AND REPORTING. CULTIVATING RELATIONSHIPS TO ENSURE HIGHLY SATISFIED ASSOCIATION RESIDENTS AND STAKEHOLDERS. PRESERVING AND ENHANCING VALUE THROUGH BEST-IN-CLASS SERVICES.

Committee proposals also included specifics regarding communication and disclosure to homeowners, resi- dents, and local governments, as well as proposals authorizing community association boards to administer spe- cial assessments if funding is needed in an emergency. RESERVE STUDY AND RESERVE FUNDING PLAN Whether or not state law should mandate or oppose: • Regular reserve studies for all com- munity associations. • Reserve funding. • Disclosure, including summary of reserve study, current funding, and funding plan during annual budget- ing. • Allowing owners to waive/opt out of state law reserve study and funding requirements. • Funding for emergent life-safety repairs by authorizing the associ- ation governing board to special assess or borrow funds without a vote of the membership. CAI thanks the three task forces for their work on these important projects. Please visit https://www. caionline.org/HomeownerLeaders/ D i s a s t e r R e s o u r c e s / P a g e s / CONDO-SAFETY-Structural-Integrity,- Maintenance,-%26-Reserves.aspx for more updates and review the latest information, resources, and guidance on condo safety. n

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Financial services Management services Communication services Construction & maintenance management Transition management services Emergency management Consulting Community Association Management

To learn more, visit IntegraMgtCorp.com or call Edward San George, MPA, PCAM at 973.770.1500 .

Corporate Office:

South Jersey Office:

364 North Main Street (Route 9), Suite 5 Manahawkin, NJ 08050 T (609) 660-0208

200 Valley Road, Suite 203 Mt. Arlington, NJ 07856 T (973) 770-1500

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CAI-NJ and the Editorial Committee are always looking for new articles to publish in Community Trends. ® Visit https://cainj.org/community-trends/ for author guidelines and upcoming themes. If you are interested in submitting an article for possible inclusion in Community Trends ® , please contact Brooke Stoppiello-Nevins at 609-588- 0030 or brooke@cainj.org.

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