Continental Divide Ranch

Key facts from Continental Divide Ranch's documents

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

Legal name

Continental Divide Ranch Property Owner's Association (Article 2, Section 2.3)

Developer / declarant

Continental Divide Ranch, LLC, a Colorado Limited Liability Company (Preamble)

Governing law

Colorado Common Interest Ownership Act, Colorado Revised Statutes 38-33.3-116(2) (Article 1, Section 1.2)

Special assessments

Permitted for capital improvements or budget shortfall; requires 30 days notice; if total exceeds 25% of annual budget and for new facilities, requires majority Owner approval; during Declarant Control Period, requires majority of non-Decla (Article 5, Section 5.4)

Collections & liens

Assessments create a lien on the Parcel; Association may foreclose like a mortgage (Article 5, Sections 5.1, 5.8)

Reserves & fees

Association may establish reserve fund from Annual Assessments (Article 3, Section 3.14)

Voting & meetings

One vote per Parcel; if multiple owners, majority in interest casts vote; voting rights may be assigned to tenant; voting rights may be suspended for delinquency (Article 3, Sections 3.6, 5.8(c))

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