Request to Withdraw from Reserves

If a project’s loan agreement requires approval for withdrawal for either/both Replacement Reserve and/or Operating Reserve complete this form and provide requested documentation. To confirm if a request is required see Section 6.4.A and 6.4.B of the loan agreement for the project.

Project name

Project Street Address

Owner

Date of Request

mm/dd/yyyy

Representative Completing Form

Title

Phone Number

Phone

Email Address

NOTE: For your request to be reviewed, you must ensure that you have uploaded a current CNA.

Current Year's CNA/LCCA is in SharePoint

Do you have a Life Cycle Cost Analysis or Capital Needs Assessment uploaded to your SharePoint folder that has been reviewed and approved (By building ownership) within the last 12 months?

Yes

Which Account Are You Requesting To Withdraw From

Allowable Replacement Reserve Expense: Replacement of building components, including appliances and mechanical systems, within or serving the Units

Operating Reserve

Replacement Reserve

Description of Uses

Provide a list of actual expenses and the costs associated with each cost leading to the final amount requested.

Required Documentation:

Upload the following in connection with this request:

Upload each invoice, bid, or estimate associated with this request.
Current Reserve Account Statements
Current CNA/Life Cycle Cost Analysis
If multiple items are within this request - If not outlined in the description, include an itemized list of allowable costs showing how you got to the final amount requested.

Drop your files here

Who is Your Assigned Asset Manager

Asset Manager Assignment List

Any Other Information Of Note

Send me a copy of my responses

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