Manitoba West Manitoba St. Playa del Rey, CA

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1 Manitoba West Manitoba St. Playa del Rey, CA 1

2 INTRODUCTIONS: Board of Directors Ernesto Solis President Michael Koss Vice President Cory Brown Treasurer Kathy Le Secretary Kyle Thompson Member at Large Design Build Associates Skip Bing Project Manager Association s Property Manager Chris Moran FirstService Residential - Senior Community Manager Association s Legal Representative Cyrus Koochek, Esq. - Swedelson Gottlieb 2

3 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 3

4 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 4

5 Design Build Associates Why Design Build Associates? For over 30 years DBA has been passionate about ensuring the highest quality and construction standards for Homeowners Associations. Why Construction Management? A Construction Manager provides the necessary checks and balances to assure a successful project considering time, quality, and cost objectives. 5

6 Design Build Associates Because of our construction background, we are better able to achieve our client s ultimate goals by: Establishing the proper scope of work for repairs Identifying the priorities of necessary repairs Overseeing the project completion in a timely manner 6

7 Design Build Associates Past Clients and Projects 7

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9 Design Build Associates Partial Project List 1100 Wilshire HOA 175 E. Wilbur 201 Ocean 431 Doheny 4501 Cedros 4644 Coldwater Canyon 611 Flower St Retail Space 611 Flower Street Daily Grill 656 West Knoll 885 Orange Grove HOA 911 Kings Road 951 Ocean Condos Adler Home Malibu Agoura Country Townhomes Alexandria Square HOA Antonova Residence AppleTree HOA Arthur Murray Sherman Oaks Azzurra HOA Balboa Townhomes Baldwin Park Bella Vita Barker Block HOA Barrington HOA Beachport Cottages HOA Big Sky HOA Blu HOA Brent Park Townhomes Briarcliffe HOA Briarcrest HOA Broadmoor Village HOA Brookside Village Walk Burbank Village Walk Cahuenga HOA Calabasas Park Estates HOA California Place Camarillo Miramonte HOA Canoga Lakes HOA Canyon Hills Canyon View Canyon Village HOA Capri II HOA Casa de Oaks HOA Casa Pasadena Casafina Century Hill Channel Islands HOA Chapman Townhomes HOA Charing Cross HOA Charmel Villa Townhomes Chase - 30th & Rancho Vista Chase Bank, El Monte Chatsworth Village HOA Church in the Canyon Club Properties HOA Conti Residence Continental OA Cordova Park Villas Crescent Walk Cross Creek Village HOA Dankanyin Residence De Celis Court HOA De Los Amigos HOA Del Prado Del Rey Manor HOA Diplomat Dr. Reddy Residence Diplomat Ekman Residence El Escorial HOA El Segundo Peppertree Eleven Eight 12-16, Inc. HOA Encino Oaks HOA Encino Regency HOA Essex House HOA Estates of the Oaks HOA Evergreen Development Excelsior Americana at Brand Faubourg St. Denis HOA First Western Development Friendly Valley HOA Fulton Terrace HOA Fusion HOA Gardena Village Granada Gardens HOA Gateway Walk Genesis Granite Park Hampton Court HOA Handfinger Residence Hansen Villas Harbour Vista Harris Residence Harte Terrace Harvard Townhomes HOA Hermosa Surf Hidden Canyon HOA Higgins Loft HOA Hollywood Versailles Tower Huntington Townhomes Icon Indigo Irwindale Business Park Jarin Residence Kannan Natarajan Residence Kho v Fung Forensics Kingswood North La Mirabelle Lakeside Garden Grove HOA Lakeside Village HOA Las Palmas Las Ventanas HOA Lassen Townhomes HOA Leisure Village Leonard Residence Liberty Canyon HOA 9

10 Design Build Associates Partial Project List 10

11 Design Build Associates Partial Project List Oakbrook Townhomes Old Orchard Condominiums Orange Grove HOA Pacifica Park Fallbrook Palm Hancock HOA Paoletti Residence Park Place HOA Park Place Villas HOA Park Purdue HOA Pelican Heights HOA Plaza Towers HOA Premiere Condo HOA Quail Meadows HOA Quail Meadows HOA Ralphs - La Jolla Rancho Los Charcos Rancho Madera HOA Reylek v Malibu Villas San Jose Gardens HOA Santa Monica 6 Units Saugus Avenue HOA Saugus HOA Scenic Hills HOA Sea Colony II HOA Seminole Springs MHP Shadow Oaks HOA Shadow Ridge Oak Park HOA Shoreham Villas HOA Sommerset CitiHomes HOA Spanish Golf Villas II HOA Sports Harbor Springwood Condominium Association St. Augustine Priory Stanley House Steeplechase HOA Stonecrest HOA Stratford Terrace HOA Summerplace HOA Surfside III HOA Sweasy Residence Sycamore Creek HOA Tallal Residence Tami Lynn Residence Tarzana Court HOA The Bluffs 1 HOA The Colony at Westwood HOA The Fairways HOA The Oaks of Calabasas HOA The Woodlands HOA Third Street Condominiums Topanga North HOA Tower Oncology Track 3141 HOA Tres Robles II HOA Tyler Townhomes Valencia Lakeshore HOA Valle Vista HOA Varsity Park Village HOA Varsity Park Villas HOA Ventura Seaview Hills HOA Villa Saticoy HOA Village Northridge HOA Village Palos Verdes HOA VIP Barrington HOA VIP Barrington HOA Vista del Cañon HOA Vista Valencia HOA Walski Residence Warner Woodlands HOA Warner Village HOA Warner West HOA Warner Woodlands II HOA Westlake Colony HOA Westlake Pointe Westshore HOA Westwood Glen HOA Wildwood Township I HOA Willow Creek HOA Wilmington Woodworks Wilshire Chandler HOA Winograd Residence Woodland Village HOA 11

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13 Indigo 77 Units, Marina del Rey 13

14 Village Palos Verdes Palos Verdes 180 Units 14

15 Malibu Canyon Village 5 Buildings Units 15

16 Essex House Marina del Rey 14 Units 16

17 Villa Savona Playa Vista 39 Units 17

18 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 18

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26 Los Angeles Times Article from 9/24/17 26

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28 Current status of the project - Work completed to date: Inspected the property. Met with the Board several times. Completed DT (Discovery Testing) work. Completed environmental testing. Plans prepared by Structural Engineer. Identified complete scope of work for repairs. Met with contractors at the site. Obtained multiple bids for all work items. Plans approved by the City of Los Angeles. 28

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30 Pre -Construction Schedule 30

31 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 31

32 Manitoba West Manitoba St. Playa del Rey, CA Typical building site 32

33 Manitoba West Manitoba St. Playa del Rey, CA 33

34 Project Scope of work Building permits to be pulled Gas meters to be relocated. New concrete footings to be installed. New steel columns and beams. Upgrade the framing. Repair pavement, stucco and re-paint repair areas. 34

35 Scope of Work 35

36 Scope of Work 36

37 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 37

38 Bidding Process: Prepared proposal package including the structural plans, scope of work, and bidding requirements. Established a bid proposal date. Met with the Contractors on-site. Received proposals. Analyzed proposals. Presented pricing and budgets to the Board. Recommended a Contractor to the Board. 38

39 Condo Common Areas Upgrades Scope of work Lobbies Walls and flooring. Hallways - Renovations. Conference Room upgrades. Gym upgrades. 39

40 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 40

41 Seismic Retrofit Project Budget Description Cost 1. Demolition, excavation, temp shoring, grade beams, concrete, rebar, steel moment frames, wood framing, stucco, paint, asphalt repairs, gas meter relocation. $1,233, Permits and Fees (2%) $24, Subtotal $1,258, Gas Company Design and Relocation est. $11, Deputy Inspection/Structural Engineer Inspection est. $22, Contingency Estimate 15% $193, TOTAL RETROFIT PROJECT BUDGET $1,485,

42 Project Budget - Summary Description 1. Emergency Assessment for Seismic Retrofit work 2. Special Assessment for Condo Common Area upgrades Cost $1,485,122 $500,000 Project Total $1,985,122 Loan Amount $2,000,000 42

43 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 43

44 Bank Loan Information Loan Amount up to: $2,000,000 Loan Rate: 3.75% Term: 7 Years Monthly Payment: $ Prepayment Penalty: None 44

45 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 45

46 Association Attorney Cyrus Koochek, esq. 46

47 Duties of the Board of Directors The Board of Directors has a legal fiduciary duty to both the Association and its Members. A fiduciary duty is the highest obligation of trust known in the law. A. Duty of Good Faith: to act in the best interests of the entire community B. Duty of Reasonable Care: To act as a reasonably prudent person and investigate and make reasonable decisions C. Duty to Rely on Experts (attorneys, accountants, managers) 47

48 Specific Obligations Germane to Need for Repair/Replacement A. To manage, maintain, repair, and replace Common Area B. To enforce the governing documents (CC&Rs, Bylaws, Rules and Regulations) C. To levy assessments Civil Code requires Board to levy assessments consistent with the Board s obligation to maintain the Common Area and administer the affairs of the Association Ensure sufficient reserves 48

49 Sources of Income for Association A. Regular Assessments Monthly Assessments: Board can increase up to 20 percent per year without vote of owners Special Assessments: Board can levy up to 5 percent of Association s budgeted gross expenses each year without homeowner vote Assessments approved by members 49

50 B. Emergency Assessments Three types of emergency assessments: Extraordinary expense ordered by court Extraordinary expense to repair common area if threat to personal safety Extraordinary expense to repair common area that could not be foreseen when budget was prepared 50

51 C. Obtain Loan CC&Rs, Article V, Section 7, requires vote of 75% of owners to approve There are costs associated with obtaining a loan 51

52 Funding for Emergency Assessment A. Use allocated amount in reserves for substantial portion of cost to repair B. Emergency Assessment for the remainder of the cost Owners will have option of installment payments or payment in full. Installment payments will add an interest payment of $0.00 /per month, which can be prepaid without penalty 52

53 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 53

54 Sample Ballot

55 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 55

56 Time Line Schedule 56

57 Time Line for Project What Happens Next Ballots will be mailed out by FirstService Residential Management Company Homeowners have 30 Days to return Ballot Conduct Meeting 31 days after ballots sent out to count the Votes Finalize Loan with Bank Execute Work Agreements Pull Building permits Begin Work Construction is estimated at 8 months 57

58 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 58

59 Notes to Remember Ballots will be distributed by mail within 5 business days following the Town Hall Presentation Ballot Count Meeting is scheduled for January 10 th in the Manitoba West Community Room 59

60 Agenda for this Evening s Meeting: Design Build Associates Who we are Current Status of the Project - Work completed prior to Town Hall Meeting Project Scope of Work Bidding process Project budget Bank loan Association Attorney Voting process ballot Timeline for the project Notes to remember Questions from homeowners 60

61 Design Build Associates Website Website: (go to Client Access page) User Name: ManitobaWest (case sensitive) Password: Softstory10 61

62 Our mission is to provide exceptional construction management services with professionalism, integrity and excellence, leading our clients with experience and sound judgment. Corporate Office 5655 Lindero Canyon Road Suite 321 Westlake Village, CA Orange County Office 15 Corporate Park, Irvine, CA License No

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