Vistas at Tiara Rado

What Vistas at Tiara Rado's governing documents say

This is a collection of official governance policies and historical meeting records for Vistas at Tiara Rado Condominium Association in Grand Junction, Colorado. It includes the association’s formal collection policy for unpaid assessments and its reserve study policy, plus informal meeting notes and annual disclosures from 2015 to 2025. Most of the text is procedural or historical, so readers looking for a complete set of current rules on pets, rentals, or other typical topics will not find them here.

• Assessment collection procedures: Monthly assessments are due the 1st, and become past due after the last day of the month. A late fee of 6% of the outstanding amount is charged each month (8% per annum). The association may suspend voting rights, refer to collections or an attorney, record a lien after 120 days past due, and foreclose when unpaid assessments equal or exceed six months of assessments. Owners who occupy their unit may request a payment plan of at least 18 months, provided they keep current on new assessments.
• Reserve study and funding: The board will update the reserve study every five years (last internally conducted study on file). The association does not set aside reserve funds for improvements costing less than $1,000 or with a useful life under two years. The board aims to contribute 1% of regular assessment amounts annually until reserves are 100% funded; if the balance falls below 100%, they will try to replenish within five years via increased regular assessments or special assessments.
• Insurance coverage: As of 2019, the association’s master policy covers 'studs out' (exterior and common elements). Each unit owner is responsible for a 'drywall in' individual condo policy. The board had switched to Farmers Insurance with guaranteed replacement cost and a recommended higher deductible to reduce small claims.
• Voting and owner rights: Each unit counts as one vote. Voting rights are suspended for owners with delinquent assessments. Special meetings may be called by the president, a majority of the board, or upon written request of 20% of members. An agenda must be provided ten days prior.
• Transfer fee and unit assessments: As of the 2025 annual disclosure, monthly assessments are $300 per unit. A transfer fee of $100 is due at closing. There were no special assessments at that time.
• What this document doesn't cover: This collection does not include a comprehensive set of rules on pets, leasing (beyond the 6-month minimum mentioned in the overview, which came from a different excerpt), parking, architectural changes, or noise. Those topics would be found in the Declaration of Covenants, Conditions, and Restrictions and the association’s bylaws, which are not fully reproduced here.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.