The Canyons Owners Association

Key facts from The Canyons Owners Association's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

2,000 dwelling units in Shea Development (Phase I: 1,156 units, Phase II: 844 units); up to 5,000 dwelling units approved for The Canyons Master Development (Introduction - Shea Development (pages 5)

Governing law

Title 32, Article 1, Parts 11 and 13, C.R.S. (Special District Act) and Part 2 of Article 57 of Title 11, C.R.S. (Supplemental Public Securities Act) (Introduction - Authority for Issuance (p)

Reserves & fees

Senior Reserve Fund fully funded at $6,046,375 (Senior Reserve Requirement) on date of issuance of Series 2024A Senior Bonds, partly with bond proceeds and partly with a Reserve Policy from Build America Mutual Assurance Company (Cover page and Introduction - Security a)

Home business

The Canyons Master Development includes up to 2.1 million square feet of retail/commercial space; Shea Development is primarily residential but includes some commercial (coffee house, restaurant) (Introduction - The Canyons Master Develo)

Amenities

Parks, trails, open space, coffee house, community pool, playground (Phase I); Canyons House (amenity center with restaurant, meeting spaces) (Phase II) (Introduction - Shea Development (page 5))

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