Holly Park Sub

Key facts from Holly Park Sub's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recital C, Section 3.1)

Legal name

Holly Condominiums Association

Developer / declarant

Habitat for Humanity of Metro Denver, Inc., a Colorado nonprofit corporation (Preamble)

Governing law

Colorado Common Interest Ownership Act, Colorado Revised Statutes §38-33.3-101 et seq. (Recital D)

Special assessments

Yes, Association may levy one or more Special Assessments in any fiscal year (Section 11.2)

Collections & liens

Assessments constitute a lien on Unit; Association may foreclose in manner for foreclosing mortgage on real property (Section 11.4, Section 11.4.7)

Reserves & fees

Association may assess late charge in amount it deems appropriate (Section 11.4.1)

Use restrictions

Each Unit shall be used and occupied solely for residential purposes; home occupations allowed if zoning permits, no external evidence, and no unreasonable inconvenience (Section 4.1)

Voting & meetings

Each Unit has one Vote; Owners are Members; Defaulting Members lose vote until cured (Section 2.22, Section 5.1, Section 5.3)

Amendments

By Owners holding 67% of votes at a meeting called for that purpose; amendment must be recorded; Declarant may amend alone to fullest extent permitted by Act (Section 13.2)

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