Prospector Alley Townhomes

Key facts from Prospector Alley Townhomes's documents

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

Community type

condominium (townhome condominium regime; references 'Condominium Unit', 'Common Elements') (Passim (e.g., Sections 8.3, 12.1, 13.1))

Legal name

Prospectors Alley Townhomes Homeowner’s Association Inc.

Units / lots

3 (one commercial unit, two residential units) (Unit Owners listing: Unit 1 [Commercial )

Assessments & dues

Total annual assessments based upon amount needed to pay: (i) water and sewer charges; (ii) trash collection services; (iii) Colorado Secretary of State filing fees; (iv) legal fees; (v) accounting fees; and (vi) any other legitimate fees d (Section 11.8 (as replaced))

Special assessments

Association may pass on expenses for maintaining, repairing and replacing utilities serving more than one Unit by way of Special Assessment. Also, if Association purchases insurance for an owner who fails to maintain insurance, the cost may (Sections 12.2, 13.2)

Maintenance

Owner responsible at sole expense for maintenance, repair, replacement, alteration, remodeling of their Condominium Unit and Common Elements attached to their Unit (CE Accessory) as depicted on Exhibit A, and for their Limited Common Elemen (Sections 12.1, 12.2)

Insurance

Owner must secure casualty and liability insurance on their Condominium Unit, Limited Common Elements, and CE Accessory. Buildings and improvements must be insured for 80% of current replacement value. Coverage must protect against fire, st (Section 13.1)

Voting & meetings

Owners entitled to one vote per residential Condominium Unit and two votes per commercial Condominium Unit. When multiple owners hold interest, vote exercised by one designated by proxy or certificate signed by all owners; no more than one (Section 8.3 (as replaced))

Amendments

Amendment allowed pursuant to Section 17.2 of the Declaration when Owners of at least 75% of the Common Elements approve such Amendment. (Recital 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.