County Offers Free Seminar To Homeowners In Condos, Associations and Co-Ops On Replacement Reserve Funds

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 db:ococ.pr                                      97- 137             Contact: Sue Rogan, 301-217-7391
 
 COUNTY OFFERS FREE SEMINAR
 TO HOMEOWNERS IN CONDOS,
 ASSOCIATIONS AND CO-OPS ON
 REPLACEMENT RESERVE FUNDS              FOR RELEASE:  May 2, 1997
 
      Montgomery County homeowners in condominiums, associations and
 co-ops are invited to attend a free seminar on replacement reserves, sponsored by the
 Montgomery County Commission on Common Ownership Communities and the Washington
 Metropolitan Chapter of the Community Associations Institute (WMCCAI).  A reserve fund is
 one method associations use to build up or "reserve" funds to pay for large repairs or
 replacements of community property such as swimming pools, balconies, roofs, storm water
 facilities and parking lots.
      The seminar, "Reserves-Implementation," is the second of two seminars on reserve
 funds and will be held on May 14, 1997 from 7-9:30 p.m. at Fairland Elementary School,
 14315 Fairdale Rd., Silver Spring.  The seminar will cover such items as how a reserve study
 is conducted and analyzed; integrating reserve study results into community association
 budgets, including funding alternatives; strategies for educating association members on
 reserves; and investment strategies for reserve funds.
      To register for this free seminar, contact WMCCAI at 703-750-3644.
 For any additional information, contact WMCCAI or the Commission on Common Ownership
 Communities at 301-217-3636.
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