Fairview Townhomes at Rifle Association (Fairview Heights Townhomes at Rifle Association)

Key facts from Fairview Townhomes at Rifle Association (Fairview Heights Townhomes at Rifle Association)'s documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Common Interest Community (townhome association) under Colorado Common Interest Ownership Act (Articles of Incorporation, Article IV(a))

Developer / declarant

Fairview Townhomes Development, LLC, a Colorado limited liability company (Bylaws §1.1)

Governing law

Colorado Nonprofit Corporation Act and Colorado Common Interest Ownership Act (C.R.S. 38-33.3-101 et seq.) (Articles of Incorporation, Article IV(a))

Assessments & dues

Executive Board fixes and levies assessments periodically as necessary. Assessments include Common, Special, and Reimbursement Assessments per Declaration. (Bylaws §5.2.1)

Special assessments

Board has power to levy Special Assessments as provided in Declaration. (Bylaws §5.2.1)

Collections & liens

Not detailed; referenced in Declaration. Board may enforce payment of delinquent assessments as provided in Declaration (likely including liens). (Bylaws §5.2.1)

Maintenance

Association manages and maintains Association Property. Individual owner maintenance obligations not specified in this document. (Bylaws §5.2.4)

Insurance

Board must contract for fire, casualty, and blanket liability insurance. Fidelity insurance required for managing agent handling funds. (Bylaws §5.2.3, §5.12)

Use restrictions

Not explicitly stated in this document; implied by common interest community.

Voting & meetings

One vote per Unit. Each Member (Unit Owner) entitled to one vote per unit owned. Joint owners designate one voter. Only Members in good standing may vote. Voting rights may be suspended for breach after Notice and Hearing (except for nonpay (Articles of Incorporation, Article V; By)

Amendments

Articles: assent of at least 67% of Members. Bylaws: may be amended by Executive Board unless reserved to Members; Members may amend by majority vote at meeting with quorum. During Declarant Control Period, no amendment without Declarant's (Articles of Incorporation, Article XII; )

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.