Newspaper Column: Is There a Geriatric Cure for RA
Date
1999-01
Authors
Nicoson, William J.
Journal Title
Journal ISSN
Volume Title
Publisher
The Connection
Abstract
In terms of longevity, the human condition is vastly inferior to the indefinite and pristine term of most companies and other institutions to which humans give birth on paper. But there’s an exception: under a deed amendment, the Reston Association has been bequeathed an almost human future of advancing decrepitude as it ages. Now the wrinkles are beginning to show. RA at 35 faces the prospect of accelerating repair and replacement of deteriorating facilities. Not until 1996 did its board put in place a capital funding policy mandating allocation to capital reserves of a minimum portion of annual assessments and, by 2000, all investment income. Over the past three years, capital reserves have increased by 86%.
Description
PDF file distilled from original WordPerfect document. Original size 11" x 8.5".
Keywords
Reston (Va.), Reston (VA) Association (RA), Leonhard, Ray, Assessment