Reserve Investment Policy

The Board of Directors for The Charterwood at Lakewood Estates have identified the perimeter fence, the mailboxes and the retention pond walls as the only items considered for reserve replacement.

The retaining wall was replaced with concrete keystone in the year 2013.  The mailboxes (5) in total will have all been replaced by the summer of 2016.  The perimeter fence was repaired and painted in 2015 and received yearly repairs as needed.

This is the extent of their reserve items.