Vista Verde Pud

Key facts from Vista Verde Pud's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (P.U.D.) (Title of Declaration and subsequent refe)

Legal name

Vista Verde P.U.D.

Units / lots

60 (Lots 9-20 in Block 1 and Lots 1-48 in Block 3, as corrected in Second Amendment) (DOC 107459, PAGE 1 - Second Amendment Ex)

Developer / declarant

Modern Service Corporation

Governing law

Colorado Revised Statutes (referenced for homestead exemption and foreclosure procedures) (Article IV Section 7 (foreclosure) and S)

Assessments & dues

For Class A: established by Board initially for 1980; from 1981 onward may be increased or decreased by Board but limited to 15% increase per year without majority membership approval. Class B: same as Class A for occupied lots, 20% of Clas (Article IV Section 3(a) and (c))

Special assessments

For capital improvements: requires Board resolution and two-thirds approval of entire membership (Article IV Section 4)

Collections & liens

Annual assessment becomes lien on January 1; special assessment lien on first day of month after established. Lien may be foreclosed as common law mortgage. Unpaid assessments also personal obligation of owner at time lien arose. Sale or tr (Article IV Sections 1, 6, 7)

Reserves & fees

Not explicitly stated; interest accrues after 30 days delinquency (Article IV Section 6)

Pets

Yes, dogs, cats, or other household pets allowed, but not for commercial purpose, not exceeding a reasonable number nor more than three of any one type. (Article VI Section 5(n)3)

Parking & vehicles

Board may prohibit storage of motor vehicles, boats, trailers, campers, housetrailers, or other objects on common facilities (Article VI Section 5(k)). (Article VI Section 5(k))

Architectural approval

Yes. No building, fence, wall, or other structure, nor exterior addition, change, decoration, or alteration shall be commenced until plans and specifications are submitted to and approved in writing by the Architectural Committee (Allen Ive (Article VI Section 3)

Setbacks / home size

Ground floor area of main structure, exclusive of open porches and garages, not less than 750 square feet for one-story structures. (Article VI Section 5(b))

Voting & meetings

Two classes: Class A (all owners except Declarant) - one vote per Lot; Class B (Declarant and grantees who acquired two or more Lots for resale) - four votes per Lot. Class B membership ceases when total Class A votes equal Class B votes, o (Article III Section 2)

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