Reunion South

Key facts from Reunion South's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Non-residential commercial association (Section 1.5: each Privately Owned Site i)

Developer / declarant

Shea Homes Limited Partnership, a California limited partnership (Page 1, Preamble)

Governing law

Colorado Revised Statutes §38-33.3-121 (exemption from Colorado Common Interest Ownership Act) (Section 1.5)

Assessments & dues

Common Assessment = Budget amount multiplied by percentage based on Assessment Units per Site / total Assessment Units (Section 5.2)

Special assessments

May be levied for capital expenditures with vote of at least two-thirds of voting power (exclusive of Declarant's units?) (Section 5.8)

Collections & liens

South Association has a lien on each Owner's Privately Owned Site for unpaid assessments (Section 5.15)

Reserves & fees

Budget may include deposits to a Reserve Fund for major capital repairs and improvements (Section 5.4)

Leasing & rentals

Not explicitly; but assignment of rights to tenant is allowed (Section 4.3) (Section 4.3)

Architectural approval

Yes; Architectural Review Committee (ARC) approval required for improvements (Article VIII, Section 8.3)

Signs & flags

Restrictions on signs and advertising devices (Section 9.14)

Maintenance

Association responsible for South Association Properties; Owner responsible for site maintenance (Section 6.3, Section 9.2)

Insurance

Association shall maintain casualty insurance on South Association Properties (Section 6.6) (Section 6.6)

Voting & meetings

Each Owner has one vote per Assessment Unit; Declarant has Special Membership for director elections (Section 4.4)

Amendments

By Declarant (Section 11.2); by Members with consent of Declarant (Section 11.3-11.4) (Sections 11.2-11.4)

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