Cooper Street Lofts

Key facts from Cooper Street Lofts's documents

Community type

condominium (Article 1)

Legal name

Cooper Street Lofts Condominium Association

Governing law

Condominium Ownership Act of the State of Colorado (Article 1 Section 1)

Assessments & dues

Board prepares annual budget and assesses pro rata according to percentage interest in general common elements (Article IV Section 3(d))

Special assessments

Board may levy special assessments when necessary to meet increased expenses or emergencies (Article IV Section 3(e))

Collections & liens

Board may collect assessments by suit and foreclose as provided in Declaration (Article IV Section 3(f))

Reserves & fees

Reserve required for deferred maintenance and replacement (Article V Section 1(b),(c))

Pets

Yes (Rules and Regulations Rule 10)

Parking & vehicles

Vehicles must be parked in designated parking areas; traffic flow markings strictly observed; no parking blocking access (Rules and Regulations Rule 4)

Architectural approval

Structural modifications or alterations require written consent of Board of Managers (Article IX Section 6(b))

Maintenance

Owner responsible for all maintenance and repair work within his own unit and internal installations (water, light, gas, power, etc.); Association responsible for general common elements (Article IX Section 3)

Use restrictions

All units shall be used only for residential purposes (Article IX Section 6(a))

Voting & meetings

Based upon percentage of undivided interest in general common elements; cumulative voting prohibited (Article II Section 2)

Amendments

By-laws may be amended by 2/3 vote of owners at annual or special meeting; Articles of Incorporation amendment requires 2/3 vote (Article VIII Sections 1-2)

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