Governors Park

Key facts from Governors Park's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.1 Name and Type)

Legal name

Governor's Park Condominium

Governing law

Colorado Common Interest Ownership Act (Section 2.1(a) definition of Act: "Color)

Assessments & dues

Association prepares budget before each fiscal year, establishes annual assessment. Written notice of change sent at least 30 days before assessment year. (Section 5.7)

Special assessments

Association may levy special assessments at any time in addition to annual assessments. Written notice required. (Section 5.8)

Reserves & fees

Imposed for any assessment not paid within 15 days of due date, amount set in Association's collection policy. (Section 5.6(a)(i))

Pets

Yes, up to two generally recognized household pets; a reasonable number of household pets under two pounds each also allowed. (Section 7.11(a))

Leasing & rentals

Yes. Community intended to be owner-occupied, but Owners may lease subject to restrictions. (Section 7.3 preamble)

Parking & vehicles

Prohibited: boats, trailers, jet-skis, oversized vehicles, pickup trucks over one ton, panel trucks, buses, vans (except handicapped, mini-vans, SUVs), recreational vehicles. (Section 7.12(a))

Architectural approval

Application in writing; Association to approve/disapprove within 30 days after receipt of complete application. If no action, Owner may give notice of intent to proceed; if no disapproval within 10 days, approval deemed given. But still mus (Section 8.5)

Maintenance

Association responsibility. (Section 6.3(b) "exterior of the building)

Insurance

Unless otherwise specified, deductible paid by person responsible for repair in absence of insurance; Board may apportion equitably. (Section 9.4)

Use restrictions

Each Unit shall be used for residential purposes only, except Units 102 and 108 may be used for resident manager quarters and association office. (Section 7.2(a))

Voting & meetings

Each Unit entitled to one vote weighted by percentage interest in Common Elements. If multiple owners, vote determined among them; otherwise suspended. (Section 4.2(a))

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