Homeowners and Association Managers need to be aware that the City of Los Angeles has passed Ordinances 183893 and 184081, city laws that require the earthquake retrofitting of buildings that fall below current safety standards.

Within a Reserve Study, the Reserve Component List contains life and cost estimates for the major assets the association is obligated to maintain, thus establishing the scope and schedule of Reserve projects.

A good answer is both “yes” and “no”. Let me explain.

At the end of my presentation yesterday, someone asked the above question. And if one person asks it, I figure others are probably looking for an answer.

This was an interesting question posed by one of our clients.

Finally…
The DIY Reserve Study Website is Here