Thornton Ridge Subdivision Flg

Key facts from Thornton Ridge Subdivision Flg's documents

Community type

Covenant / Planned Community

Units / lots

155 (Whereas, paragraph 2)

Developer / declarant

Thornton Ridge Townhomes, a Colorado Joint Venture (Preamble)

Assessments & dues

Maximum $900 per Lot until Jan 1 after first Lot conveyance. (Article VII Sec 3)

Special assessments

Allowed for capital improvements with 2/3 vote of each class. (Article VII Sec 4)

Collections & liens

Assessment lien may be foreclosed; lien is subordinate to mortgage. (Article VII Sec 1, Sec 8, Sec 9)

Reserves & fees

Contingency reserve is mentioned. (Article VII Sec 6)

Pets

Yes, dogs, cats, other customary household pets; no commercial breeding. (Article III Sec 1(f))

Architectural approval

Yes, for any building, fence, wall, structure except initial construction. (Article XII)

Home business

Prohibited (except Declarant's and Association's businesses). (Article III Sec 1(e))

Signs & flags

One sign per Lot, less than 5 sq ft, 'For Sale' or 'For Rent' only. No advertising signs. (Article III Sec 1(g))

Maintenance

Association (Article VI Sec 1 (paint, repair, replace)

Insurance

Association shall keep Common Area improvements insured; may obtain blanket casualty and fire insurance on all Townhomes. (Article VIII Sec 1)

Use restrictions

Yes, restricted to residential dwellings. (Article III Sec 1(e))

Voting & meetings

Two classes: Class A (one vote per Lot) and Class B (Declarant, 3 votes per Lot). Class B converts to Class A when Class A votes equal Class B or Jan 15, 1986. (Article XIII Sec 2)

Amendments

First 20 years: 80% of Members; thereafter: 75%. Amendment must be recorded. (Article XI Sec 1)

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