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HOA LETTER.pdfHearthside CO Association 23616 Edmonds Way #101 Edmonds, WA 98026 April 19, 2017 ATTN: Christina Wayland City of Edmonds Development Services 121 51h Ave North Edmonds, WA 98020 RE: Permit Application, 23616 Edmonds Way Dear Ms. Wayland: Please be advised that the Hearthside Condominium Owners Association has authorized Cornerstone Roofing, Inc. (CSR) to repair/replace the roof located at 23616 Edmonds Way, Edmonds, WA 98026 at the quoted rate of $27,361. They are attempting to work with the City of Edmonds to obtain a permit to start the construction process and it was requested that a letter be composed by the Association stating that the work is authorized and the valuation of the project is less than 5% of the value of the building which makes complete practical sense. If we assume that the 8 unit condominium buildings value is 1,000,000.00 ($125,000 per unit). Calculating 5% of the value at $1,000,000.00 equates to $50,000. Thus, the valuation of the roofing project ($27,361) is less than 5% of the building value. In fact, the building value would have to beat a minimum value of $547,220 to be at 5% and I believe it is safe to assume that an 8 unit condominium building is valued more than $547,220 in the City of Edmonds. I hope this letter satisfies the City of Edmonds requirement and CSR can move forward with obtaining a permit to replace our roof. If for some reason additional information is required, please feel free to contact me at (206) 229-1298 or by email at benmiller22@gmail.com. Sincerely, HEARTHSIDE CONDOMINIUM OWNERS ASSOCIATION Ben D. Miller, CPG Treasurer