Three Springs Master Association

What Three Springs Master Association's governing documents say

This is a collection of meeting minutes, a Q&A, and a portion of a document called the 'Three Springs Codes and Standards' for the Three Springs Master Planned Community in Durango, CO. The reader is likely a current homeowner, prospective buyer, or renter in this large, multi-association community that includes a master association, a residential association, and a mixed-use association. The excerpts primarily discuss the process of hiring a professional management company, proposed assessment increases, and the design review process for new construction or renovations.

• Community structure: Three Springs is a master-planned community approved for up to 2,283 residential units and 350,000 sq ft of commercial space. It has three associations: a Master Association (all property, design guidelines), a Residential Association (CC&R compliance, common areas for residential areas), and a Mixed-Use Association (for the Mercado District). Some townhome units have their own separate associations.
• Design review & architectural guidelines: All new construction, additions, and exterior changes must be approved by the Three Springs Design Review Committee (DRC) through a multi-step process. The 'Three Springs Codes and Standards' and separate Design Guidelines govern building form, materials, colors, landscaping, and signage. The DRC includes representatives from the City of Durango, property owners, and the developer.
• Assessments & budget: For 2017, Master Association assessments were $1/month ($12/year) and Residential Association assessments were $13/month ($156/year). Proposed 2018 assessments were $11/month ($132/year) for the Master and $25/month ($300/year) for the Residential Association. The board adopts the budget; members can veto it by a 75% vote of all owners within 90 days. The developer (Declarant) has been subsidizing costs and currently holds a majority of votes.
• Management company: In 2017, the boards proposed hiring CCMC (Capital Consultants Management Corporation) with a 3-year contract at an estimated annual cost of $75,000 for the Master Association and $75,000 for the Residential Association. Services include a full-time onsite staff person, after-hours answering, financial management, and support for the DRC.
• Declarant control & transition: GRVP, LLC is the Declarant (developer). It will remain Declarant for approximately 10 more years (20 years total). It currently holds about 52% of Master Association memberships and 21% of Residential Association memberships. The Declarant appoints the board and has stated residents may be appointed if they express interest.
• Use & zoning (Transect system): The community uses a 'Transect' system (T1 Open Space, T3 Sub-Urban, T4 Residential Mixed/General Urban, T5 Urban Center) to regulate allowed uses and lot types. Residential uses are generally long-term habitation; short-term rentals of less than a month are excluded. Home occupations, bed and breakfasts, and other uses require permits in certain areas.
• What this document doesn't cover: These excerpts do not provide the full CC&Rs, complete fee schedules, pet rules, rental restrictions, parking rules for individual homes, or amenity details. The architectural guidelines and enforcement procedures are referenced but not fully included.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.