Stage Road Pud

Key facts from Stage Road Pud's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

13 (Lots numbered 1-12 and Lot F1); Lot F2, Ranch Manager's Lot, and Cultural Use Area are not considered Lots (Sections 2.34, 3.2, pages 14, 16)

Developer / declarant

Two Stage Road, LLC, a Delaware limited liability company (Section 2.20, page 12)

Governing law

Colorado Common Interest Ownership Act (CCIOA, Colo. Rev. Stat. § 38-33.3-101 et seq.) but the planned community is exempt from CCIOA because it contains no more than 20 units and no development rights are reserved in favor of Declarant (Section 1.1.4, page 10)

Assessments & dues

Common Assessments set annually by Board based on budget; not fixed (Section 7.3.1, page 27)

Special assessments

Association may levy Special Assessments to cover unbudgeted expenses or expenses in excess of budget; no Owner vote required except as otherwise provided in Declaration (Section 7.4, page 28)

Collections & liens

Automatic lien on each Lot for Assessments and Delinquency Costs; superior to all other liens except for taxes and prior recorded instruments; can be foreclosed in same manner as mortgage (Section 8.4, 8.5.2, pages 30-31)

Reserves & fees

May be established and maintained by Board; funds held in separate bank account from operating funds (Sections 2.50, 7.1.5, pages 15, 27)

Voting & meetings

One vote per Lot; no vote shall be exercised for any Lot owned by the Association (Section 3.3.1, page 16)

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