Stuart Island Airway Park Property Owner’s Association

NEW PROJECT SUBMISSION FORM

PROJECT TITLE:

DATE:

PROJECT DESCRIPTION: (Describe the project and the benefit to property owners, including what problem this project will solve.  Include contact name and number.)

PROJECT OPPOSITION STATEMENT: (Include if one is needed.  Describe why this project should not be approved.  Include Contact name and number.)

PROJECT PHASES:

PHASE 1: (Include a description by line item of development.  Include go-no go decision points, if applicable.)

DESCRIPTION:

COST: (This should be supported by bids of written estimates from proposed material sources.  Cost estimates to complete each phase activity must be as accurate as possible.  Cost overruns will not be acceptable and could affect future phases and possible re-approval from property owners.  Include soft costs such as permits, additional insurance requirements, etc.)

TIMEFRAME: (Estimated target completion date for each of the phase activities.)

OPERATIONAL COSTS: (Describe what will be required annually in order to support this project once it is completed.)

ASSESSMENT: (Indicate how much each property owner will be assessed for this phase of the project. Note:  Each $1,000.00 of spending represents approximately a $10.00 assessment per property owner.)

PHASE 2: (Repeat each step, as described in Phase 1, for each additional phase of the project.)

TOTAL PROJECT COSTS:

TOTAL ESTIMATED ASSESSMENT PER PROPERTY OWNER (assuming 109 property owners):