Pierce Creek Village

Key facts from Pierce Creek Village's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Pierce Street Holdings, LLC (Preamble (page 1))

Governing law

Colorado Common Interest Ownership Act, C.R.S. §38-33.3-101 et seq. (Section 1.1)

Assessments & dues

Common Expense Liability allocated equally per lot (1/total number of lots). Annual Budget prepared by Board, ratified by majority of Owners at meeting. (Section 1.3(a) and Section 4.9)

Special assessments

Permitted with approval of Owners to which at least a majority of votes are allocated, except as otherwise provided. (Section 5.4(b))

Collections & liens

Assessment Lien granted; can foreclose if amount equals or exceeds 6 months' worth of Common Expense Assessments and recorded Board vote authorizing foreclosure. Cannot foreclose if debt consists only of Fines or Costs of Enforcement associ (Section 5.7 (including last paragraph re)

Reserves & fees

Association shall create reasonable and adequate contingency/reserve funds for insurance deductibles, general maintenance, repairs, replacement (5.2(d)). Surplus funds may be retained as unallocated reserves. (Section 5.2(d) and 5.8)

Pets

Allowed with close supervision by Owner. (Section 6.3)

Leasing & rentals

Owner may lease Home in its entirety. (Section 6.8)

Architectural approval

Committee approval required for any Improvement (as defined). (Section 13.2)

Home business

Permitted pursuant to §106.5 of the Act, subject to reasonable rules and regulations adopted by Association. (Section 6.2)

Insurance

Deductible treated as Common Expense unless Board determines loss is result of Owner's recklessness/willful misconduct, then Individual Assessment. (Section 8.1(b) (last part))

Use restrictions

Each Lot shall be used and occupied primarily as a residence. (Section 6.2)

Voting & meetings

One vote per Lot owned (Section 1.3(b) and Section 4.6)

Amendments

Amendments by Owners (Section 17.2) and by Declarant (Section 17.3). Certain amendments require Declarant consent for 25 years (Article 16 ADR provisions). (Article Seventeen)

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