Ethical Impact Statement (EIS) - Reserve Study 2026

Subject: Professional Reserve Study Procurement

Date: April 16, 2026

1. The "Why" (Justification) The Board aims to uphold its fiduciary role by seeking objective data for

long-term planning. Relying on estimates for infrastructure lifespans risks:

• Financial Instability: Unplanned special assessments that can impact neighbors’ personal

finances.

• Cost Sharing: Aligning current dues more closely with the actual usage of community assets

to avoid shifting today's costs onto future owners.

2. Impact on Property Rights

• Informed Decisions: Professional data helps homeowners understand the community’s

financial trajectory.

• Market Awareness: An independent study provides a standard reference point for potential

buyers and lenders regarding the association’s fiscal approach.

3. Implementation The Board proposes engaging an independent specialist for a site inspection and financial analysis. The resulting report will be made available to the community for review.

4. Resolution The Board finds this study a prudent step toward more predictable budgeting and the

protection of individual property interests.