Villas of Aspen Townhouses

Key facts from Villas of Aspen Townhouses's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article II: 'Villas of Aspen Townhouses )

Governing law

Colorado Common Interest Ownership Act (CCIOA), codified at C.R.S. § 38-33.3 et seq. (References to Section 38-33.3 throughout)

Assessments & dues

Fixed by the Board of Directors in the manner and for the purposes set in the Condominium Declaration (Article IX Section 6 (as amended, near e)

Collections & liens

If payments are three months overdue, Association may pursue legal collection and filing of a lien. After 160 days in arrears, Board authorized to pursue lien and potential foreclosure. (Article XII Sections 3c and 4h)

Reserves & fees

Reserve funds invested in accordance with Board-established Investment Policy (Article XII Section 10). Disclosures include summary of reserve fund from previous fiscal year. (Article XII Section 10 and Section 5a[4])

Architectural approval

Exterior changes (windows, doors, hardware, exterior appearance) require specific approval from the Association in writing. No structural changes without permission. Interior changes that impact plumbing, heating, electricity, common walls, (Article XII Section 9a and 9b)

Signs & flags

Exterior signs on balconies, windows, or doors prohibited (except door numbers or directional signs). American flag allowed (max 3x5 ft, pole max 6 ft). Political signs allowed only in windows of an owner's property (owner must be in reside (Article XII Section 1)

Voting & meetings

Each membership represented in person or by proxy is entitled to the votes allocated to that membership. Class A and Class B memberships have identical rights except with respect to voting (specific allocation not specified in bylaws). (Article II Sections 2 and 4)

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