Joe-

Village Condo Association Vinyl Siding Invoices

Village Condo Association Vinyl Siding Quotes

Quote/Invoice to perform Bldg A vinyl siding installation and rot repair to the access road gable end of building only. This was prior to installing vinyl siding on the rest of the complexes, to mitigate damaged cause from owners badly rotted out windows.

Vinyl Siding Contractor, All Season Siding Loan Agreement

The All Season Vinyl loan and construction details was discussed and unanimously approved at the Annual Village Owners meeting on 10/23/04.

All Season the contractor on the vinyl siding project mentioned 10/18/04 the duration of the project is 6-8 weeks and weather permitting the project to start in March or April of 2005.

-All Season is financing halve the project cost and the Union Bank is financing the other halve

-All Season stated that they will require the 1/2 down payment ($42,832.50) 30 days before

But of course the real question, where are we at with the vinyl siding?

After a detailed analysis of the Village Assoc. projected budget, see web site for details, with the Village directors and the bank a request for a loan of $105k, 1/2 being financed by the bank and the other halve financed by All Season siding was turned down. As a result we have slipped the installation date with All Season several times to the current date of 08/29/04.

We are now looking at the following alternatives:
A.) Not side ramps and towers for a All Season quote of $87k
B.) Getting a lower bid, as of June we have gone out for siding quotes again
C.) Doing an owner assessment to be voted on at October owners meeting
D.) Painting the complexes

A.) Not side ramps and towers for a All Season quote of $87k:
All Season is willing to work with us and get creative on the financing with a balloon type approach to Village payment plan. See details of plan below.

A $40k bank loan is more in line with what the Village budget can handle.

B.) Getting a lower bid, as of June we have gone out for siding quotes again:

Poulin Aluminum did vinyl siding on Courtside condominiums a couple of years ago and we are hoping to get a bid from them shortly along with a couple of others.

Please note if we go with another contractor the installation of the vinyl siding will be next year.

C.) Doing an owners assessment to be voted on at October owners meeting:
The Owners Forum is getting about a 50/50 split on whether or not to finance the vinyl siding by assessing the owners for part of the expense. The longer we wait the more water infiltration and insulation issues we will have. On the other hand folks are having enough problems keeping up with the Assoc. fees and we stand a good chance of not being able to collect all the assessments in a timely manner. Defaulting on the bank loan would be very bad for any future endeavors.

D.) Painting the complexes:
Goulet and Sons who painted the complexes a few years back has quoted $48k to paint both complexes. This about halve the cost of siding the building, mostly aesthetics and does not address the water infiltration issues.

So what are we doing?
We have not given up on the installation of vinyl siding this year, however to start setting expectations appropriately, I believe there is a good chance the vinyl siding will pushed off until next year when we will
have all bids in, pre-approved bank loan in hand and a better Village financial position that can be discussed at our 2004 October Assoc. Owners meeting.

----------------------------------------------------------------------------------------------------------------------

-Dona spoke w/ siding provider and deadline for 7% increase on material cost has past

-Donna believes if Village confirms order soon, she can get the 2003 quoted price

Notes from conversation between Kurt and Donna of All Season Siding 03/17/04
----------------------------------------------------------------------------------------------------------------------
-Greg is going to take a look at the building to include chimneys, Walkways, etc. in quote
-Donna felt A/S could do the pipe/drain insulation
-Donna to fax Kurt specifics in the next couple of days
-A/S 50% 0 interest loan, typically Assoc. pay $1200-$1800 month until zero balance
-Nortex the Vinyl company, will have a 7% increase in material cost in 2-3 weeks
-A/S looking at 7 wks out to start job , about May 1st 2004

-A/S may need to park truck trailer in above parking lot to hold materials during installation
-Kurt indicated to Donna Village Assoc. working w/ banks and should have some numbers in a couple of weeks

-----Original Message-----
From: Kurt Ries [mailto:ries1@us.ibm.com]
Sent: Thursday, November 20, 2003 11:46 AM
To: mrosenfield@dewcorp.com; silver_fox@comcast.net;
thornton@champlain.edu; DanaC@atlassnowshoe.com; dparot@woodscrw.com;
plimpton@surfglobal.net
Subject: Fw: Siding///lets give all seasons the green light

Folks, Donna of All Season Siding is faxing a quote to me by tomorrow
11/21/03 to approve the gable end siding, same cost as quoted on 9/16/03.

We have one more decision to make, corner posts, white or ivy?
   -White would frame/box in more
   -Donna mentioned folks go either way, no real common installation

Dave, did the condos you looked at, did they have contrasting corners?

Please advise of a preference, or no preference, thanks
-Kurt

Kurt Ries
I/T Architect IBM EAI Finance Practice
Burlington, VT
Business: 802.862.3684
T/L: 446.0185
Mobile: 512.422.8084
Fax: 801.457.5513
email: ries1@us.ibm.com

Village condominium gable end siding:

All Season Siding quote from 9/16/03 of $3,300 to install gable end siding
only.

1.) Make/Brand -- Great Barrier "Habitat" Brand

2.) Thickness: -- Contractor bid was for .044", confirmed: .044 bid

3.) Texture/no texture: -- wood grain semi-smooth

4.) Color: -- Ivy
-Need to decide corner post, white or ivy
-White would frame/box in more

5.) Exposure: -- 4” exposure discussed with All Seasons

6.) Question on how to install with no roof over hang:
   -Need to ask All Season how they are proposing to install
   -White aluminum clad on roof line, soffits and window trim, Donna to include in quote

7.) Guesstimate on when the installation will be complete
   -By end of year, probably after Christmas

----- Forwarded by Kurt Ries/Burlington/IBM on 11/20/2003 11:34 AM -----

----- Original Message -----
From: Mike Rosenfield
To: 'dparot@woodscrw.com'
Sent: Tuesday, November 18, 2003 7:28 AM
Subject: Siding

Dave,

I'm confident we will get a professional job from All Seasons. My meeting
with AS verbally covered all the details I was concerned about. As you
know we have gotten our asses handed to us because of verbal agreements.
Let's get the gable done now and that experience will lay the groundwork
for the remaining work.

Everyone must realize that AS's proposal does not include siding of the
walkways, outbuildings, chimneys, small gables and some porch side walls.
We may want to include these areas in the larger siding job.

My understanding is that all trim will be white. I strongly recommend a
contrasting color for the trim and white is fine. The existing wood trim
will be wrapped in white coil stock...which is a typical treatment. AS
understands that he will find unpleasant surprises when he strips off old
siding and he seems very flexible/reasonable about dealing with unforeseen
issues.

My vote is to book AS now for the gable. Ivy, with white trim. Let's get
it done.

Mike

=========================================

----- Forwarded by Kurt Ries/Burlington/IBM on 01/23/2004 07:41 PM -----
Kurt Ries
11/13/2003 09:22 AM

To: "David Parot" <dparot@woodscrw.com>
cc: DanaC@atlassnowshoe.com, mrosenfile@aol.com, plimpton@surfglobal.net, silver_fox@comcast.net, thornton@champlain.edu
From: Kurt Ries/Burlington/IBM@IBMUS
Subject: Re: siding needs to be done asap

Dave, thx for moving the siding on the gable end forward, I agree lets go with Ivy and the specs Mike has laid out for us

1.) Make/Brand -- Great Barrier "Habitat" Brand
   -Contractor recommending Norandex

2.) Thickness:
   -Contractor bid was for .044", Confirmed: .044 bid

3.) Texture/no texture: -- Non-textured, semi-smooth
   -Smooth finish easier to clean, does not show dirt as much?

Mike has samples for review.

4.) Color: -- Ivy
   -Survey leans towards an off white, keep in mind cream and other
   -light variations were not specifically mentioned on the survey

5.) Exposure: -- exposure discussed with All Seasons
   -Believe folks were leaning toward smaller more traditional width 4/5 inches

6.) Question on how to install with no roof over hang:
   -Need to ask All Season how they are proposing to install
   -Will we still have brown trim on the roof line or alum clad with the soffits and window trim?

7.) Finances/Loans: -- Completing siding the rest of the buildings
   -All Season gave us a quote on 9/16/03 of $3,300 to install gable end siding only.
   -JT - do we have the $3300 to fund this endeavor now?

Dave has spoke with Bank for low interest loans All Season financing a good chunk at no interest
   -Sorry Dave misplaced the details can you help me out contacts/rates/$ numbers etc...
   -Lets start coordinating with Dana and JT to get some numbers down on paper for them to work with

What else?

Kurt Ries
I/T Architect IBM EAI Finance Practice
Burlington, VT
Business: 802.862.3684
T/L: 446.0185
Mobile: 512.422.8084
Fax: 801.457.5513
email: ries1@us.ibm.com

Joe-
The following is the vinyl siding quote we discussed on 8/11/03, the quote came in less than we expected.
Would like to see the Village Association make arrangements to engage a contractor to do the rot/mildew repairs along with the remaining window and door replacement that will also be installing the vinyl siding.

We are concerned that the repairs currently being performed by "Big Time Builders" is not conducive to the prepping and installation of vinyl siding for our buildings.

Please advise.

Thanks
-Kurt

Kurt Ries

Village Condo Association All Season Siding Quote:

All Season Siding
57 River Rd. Suite 1033
Essex JCT, VT 05454
Tel 802-872-9727
Fax 802-879-4444

The following is information was transcribed from a fax sent by Greg of "All Season Siding, Windows and Doors", Dated 08/18/03:

All season Siding will remove and dispose of 1" plaster covered Styrofoam-ed areas of bldgs,
Sheath with 3/8" plywood & cover with 3/8" insulation,
Cover with Voxahdex Great Barrier solid vinyl siding .044 thick OK Alcola Silhouette
Solid Vinyl siding .044 thick color customer choice
Cover all soffit & fascia
Wrap all wood windows & door trim,
Remaining portions of bldgs with T-111 exterior sheathing not to be removed but covered with 3/8" Insulation, siding & trim, @ a cost of

Siding & Trim = $ 84,275.00
Removal & Disposal = $ 2,500.00
------------------------------------------------------
Total = $ 86,875.00

Note: Above price does not include, walk ramps, or stairway enclosures.
Note: Rot repair with owner supplied mat. $40.00 pr man hr.

Dana, the following is the Poulin Aluminum transcribed fax for the Village vinyl siding quote.

Please note the below numbers represent a bid for one building, hence the total cost for both building is:

$49,835.50 X 2 = $99,671.00 total cost for both buildings

This does not include Chimney's, but does include exterior of ramps and towers, otherwise comparable to the All Season $87k quote.
-Chimney's would be another $4k

It is important from a budget planning standpoint, even before a loan approval, that we get an idea of the estimated amount the bank is willing to loan the Assoc., interest rate, amount of monthly payment and duration of the bank loan. If the banks best guess is they will only loan $40k then we have the parameters for our action plan.

Please advise,
-Kurt

Kurt Ries
I/T Architect IBM EAI Finance Practice
Burlington, VT
Business: 802.862.3684
T/L: 446.0185
Mobile: 512.422.8084
Fax: 802.806.1020
email: ries1@us.ibm.com

POULIN ALUMINUM/VINYL PRODUCTS
33 Webstervllle Road
R.D. 2, Box 4331
BARRE, VERMONT 05641
Phone/FAX 802-476-4368
800-639-1950

September 17, 2004

Kurt Reis
Village Condominiums
Bolton, VT

Dear Kurt and Members of the Village Condominium:
As we discussed, I am pleased to present you with the following proposal for improvements to Village Condominium in Bolton, VT.

PRICE IS FOR EACH BUILDING
To strip building of Styrofoam and dispose of materials.
COST OF ABOVE.......................................$ 2,604.00

To install house wrap on complete body of building.
COST OF ABOVE.......................................$ 1,596.00

To install ¼” plywood under Styrofoam.
COST OF ABOVE.......................................$ 5,861.00

To install 3/4" insulation on body of building.
COST OF ABOVE.......................................$ 6,632.00

To install a quality vinyl siding on complete body of building in a double 4" green siding with a cedar finish to match existing siding. To cover exterior of the ramps and towers with vinyl siding. I suggest you paint the interior.
COST OF ABOVE.......................................$ 26,820.00

To cover the soffit, fascia, window and door casings in white.
COST OF ABOVE.......................................$ 6,322.50

I do wish to emphasize that we are an established company that has served northern and central Vermont for over thirty-five years. We are fully insured and would be happy to provide you with a Certificate of Insurance if you desire. We stand behind our products, our workmanship and strive for consistently satisfied customers.

Kurt, please feel free to contact me whenever I may be of further assistance, I do thank you for thinking of Poulin Aluminum Products

Sincerely
George Carrier