Holly Point

Key facts from Holly Point's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Common Interest Community (Article I, Section 9)

Legal name

Holy Point

Units / lots

200 (Article I, Section 23 "Units that May Be)

Developer / declarant

Melody Homes, a Colorado general partnership, a/k/a Melody Homes, a joint venture (Page 4, WITNESSETH)

Governing law

Colorado Common Interest Ownership Act, C.R.S. 38-33.3-101, et al. (Article I, Section 1)

Assessments & dues

$150.00 per Unit per month initially (Article IV, Section 3)

Special assessments

Permitted by Executive Board for capital improvements, repairs, or operating deficits (Article IV, Section 6)

Collections & liens

Association has a statutory lien on each Unit for unpaid assessments; may foreclose like a mortgage; lien perfected by recording of Declaration (Article IV, Sections 7-8)

Reserves & fees

Adequate reserve fund required for maintenance, repair, replacement and insurance deductibles (Article IV, Section 4)

Leasing & rentals

Mentioned in Table of Contents ("Leases") but no detailed text in excerpt (Article IX "Leases")

Parking & vehicles

Vehicular parking, storage and repairs restricted (Article IX) (Article IX "Vehicular Parking, Storage a)

Architectural approval

Yes, for all Improvements; Declarant exempt during development (Article V, Section 2)

Signs & flags

Mentioned in Table of Contents (not verbatim in excerpt) (Article IX list)

Maintenance

Association responsible for Common Elements; Owner responsible for Unit interior and exterior? (Article VIII truncated) (Article VIII partial text)

Insurance

Lesser of $1,000 or 1% of face amount (Article VI, Section 3)

Use restrictions

Yes (Article IX "Residential Use" in Table of)

Voting & meetings

One vote per Unit; no votes for Association-owned Units (Article II, Section 2)

Amendments

Not fully detailed in excerpt; Article XI, Section 5 mentioned in Table of Contents but text truncated (Article XI, Table of Contents)

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