The Overlook at Palo Verde

Key facts from The Overlook at Palo Verde's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Landowners Association) (Article I Section 1: Association shall m)

Legal name

The Overlook Landowners Association

Units / lots

31 (29 original lots plus 2 annexed parcels) (Exhibit A: Lots 1-29 First Subdivision o)

Developer / declarant

PALO VERDO INVESTMENTS, INC.

Governing law

Colorado Common Interest Ownership Act (referenced indirectly for signs) (Article V Section 2(h): except as permit)

Assessments & dues

Board of Directors levies annual and special assessments; allocation per parcel is total assessment divided by total number of parcels (Article IV Sections 1, 3)

Special assessments

Allowed for capital improvements or to make up budget shortfall; notice at least 30 days prior to due date (Article IV Section 1 (second paragraph) )

Collections & liens

Association has lien on parcel; may file Statement of Lien with Clerk and Recorder; 30 days after mailing notice may foreclose as per Colorado mortgage foreclosure statutes (Article IV Sections 1, 5)

Reserves & fees

Interest at maximum legal rate chargeable on loans secured by real estate from date of delinquency (Article IV Section 5)

Pets

Yes, dogs, cats, or other household pets (Article V Section 2(i))

Leasing & rentals

Prohibited (referenced Jefferson County Planning and Zoning Regulations) (Article V Section 2(b): Short term renta)

Parking & vehicles

Not explicitly addressed; but vehicles other than passenger vehicles or small trucks cannot be parked on adjoining roadway unless shielded (Article V Section 2(c): or adjoining roa)

Fences

Fences require prior written consent of Design Review Committee; must be included in plans and specifications (Article V Section 2(s); Article VI Secti)

Architectural approval

Yes, for any improvement, grading, excavation, fencing, landscaping, tree removal (except fire mitigation and within 15ft of road), exterior changes, antennas, etc. (Article V Section 1; Article VI Section )

Maintenance

Owner responsible for building, walkways, driveways, paving, drainage culverts, landscaping. Association responsible for roadways and roadway easements (care, maintenance, repair, snow removal, tree control within 15ft of road) (Article V Section 2(v), (w); Article III)

Insurance

Association may obtain comprehensive liability coverage or other insurance as necessary (Article III Section 5(b)(iii))

Use restrictions

Single family residential purposes only (Article V Section 2(a): No parcel shall )

Voting & meetings

One vote per parcel; if multiple owners, they determine how vote is cast; if unable to agree, vote is lost (Article III Section 3(a),(b))

Amendments

May be amended by instrument signed by Owners of not less than 66% of Parcels (Article IX Section 3)

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