Hillcrest Terrace Townhomes

Key facts from Hillcrest Terrace Townhomes's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Hillcrest Terrace Community Association, Inc.

Units / lots

Initial number of Lots is 21; maximum number of Lots is 30 (Section 2.2)

Developer / declarant

Hillcrest Terrace, LLC, a Colorado limited liability company (Preamble)

Governing law

Colorado Common Interest Ownership Act, C.R.S. § 38-33.3-101, et seq. (Section 1.2)

Assessments & dues

Board of Directors proposes an annual budget; the budget is deemed adopted unless vetoed by the vote of at least 70% of the Lot Owners. Assessments are payable in monthly installments or as the Board determines. (Section 6.6(d) and (e))

Special assessments

The Association may determine, levy and assess a Special Assessment applicable to a particular assessment year, provided that the Association complies with the budget process of the Act. (Section 6.7)

Collections & liens

The Assessment lien of the Association is prior to all other liens and encumbrances on a Lot, except: liens recorded before this Declaration; a First Mortgage on the Lot (except as allowed by CCIOA); and liens for real estate taxes and othe (Section 6.8 and Section 6.10(d)-(h))

Reserves & fees

The Association may establish a reserve fund for maintenance, repair, and replacement of items it is required to maintain. The Association is not required by this Declaration to establish a reserve fund. Reserve funds may be funded through (Section 3.4(b)-(c) and Section 6.9)

Architectural approval

Yes, Article 8 requires approval of improvements. See also Design Guidelines. (Article 8 (Table of Contents) and Sectio)

Use restrictions

Lots within the Community may be used only for residential purposes and purposes allowed by the local zoning codes and permits. (Section 7.4)

Voting & meetings

Each Lot is allocated one vote in the Association (Section 1.3(b))

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