Polo Club North

Key facts from Polo Club North's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Polo Club North Condominium Association

Governing law

Colorado Common Interest Ownership Act (Article 2, Section 2.1(a))

Assessments & dues

Board of Directors determines annual budget and assessment; assessments are made against all Units in proportion to percentage interests in Common Elements. (Section 5.4)

Special assessments

Board may levy special assessments at any time as necessary. (Section 5.5)

Reserves & fees

Surplus funds may be added to Association's capital reserve account at Board's option. (Section 5.7)

Pets

Yes, subject to restrictions. (Section 8.6)

Leasing & rentals

Yes, with conditions. (Section 8.2)

Parking & vehicles

Each Unit has one garage that is part of the Unit. (Section 8.7: 'Each Unit has one garage t)

Insurance

Reasonable deductible allowed; not subtracted from face amount for replacement cost determination. (Section 9.1(a): 'the Association’s insur)

Use restrictions

Each Unit shall be used for residential purposes only. (Section 8.1(a))

Voting & meetings

One vote per Unit weighted by percentage interest in Common Elements as set forth in Exhibit B. (Article 4, Section 4.2)

Amendments

Amendments require affirmative vote or written consent of Owners holding at least 67% of total Association vote; amendments of material adverse nature to Mortgage Holders must be approved by Mortgage Holders representing at least 51% of vot (Article 14)

Amenities

Clubhouse with meeting or general use rooms, kitchen, Manager's apartment. (Section 3.3: 'Common Elements are not li)

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