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Beware Of Financial Blockage - Reserve Fund Study Report Card

Author: 
By Guest Contributor
CCI
Publication date:
January 1, 2023
Article Summary: 

The condominium is a high-rise residential building with 150+ units, constructed in the early 1980s. In 2012, they opted to line their domestic hot water pipes with epoxy to address pinhole leaks. Subsequent reserve fund studies assumed the lining would last for over 20 years. However, during the 2023 study, complaints about water pressure and findings of lining material in strainers led to test cuts, which revealed lining debonding and blockages. Many buildings are now facing unexpected and urgent needs to replace domestic hot water piping due to failed linings, with the added challenge of finding contractors no longer in business. Lessons learned: Interview management and plumbers for lining issues, monitor for signs of failure, and notify reserve fund providers if any problems arise.




Keywords: 

High-rise residential condominium, 150+ residential units, early 1980s construction, pinhole leaks, epoxy lining, reserve fund assumptions, water pressure, lining material, test cuts, lining debonding, blockages, failed linings, replacement, contractors, lessons learned, management, plumbers, monitoring, reserve fund providers.




Source Citation: 
By Guest Contributor
CCI
Beware Of Financial Blockage - Reserve Fund Study Report Card
January 1, 2023
https://ccitoronto.org/page/ReserveFundStudyReportCardSpring2023
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