Routt Street Townhomes Condominium

Key facts from Routt Street Townhomes Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Routt Street Townhomes Community Association (as defined in Section 2.01(d)) and also 'Routt Street Townhomes, a Condominium Association' (Article I) (Section 2.01(d) and Article I)

Developer / declarant

EnRoutt Equities LLC, a Colorado limited liability company (Opening paragraph)

Governing law

Colorado Common Interest Ownership Act, Colorado Revised Statutes Sections 38-33.3-101 through 38-33.3-319 (Recital B)

Assessments & dues

Annual budget adopted by Executive Board, summary delivered to Owners, meeting called for ratification by majority vote (whether or not a quorum present). General Assessments levied based on Share of Common Expenses. If budget not approved, (Sections 7.03, 7.04, 7.05, 7.06)

Special assessments

Limited Assessments for expenses attributable to Limited Common Elements or other specific charges (Section 7.05); Default Assessments for fines/penalties due to violations or negligence (Section 7.06). (Sections 7.05, 7.06)

Collections & liens

Association has a lien on each Unit for unpaid Assessments, fines, late charges, penalties, interest, and attorneys' fees (Assessment Lien). Lien is prior except to first mortgages recorded before delinquency and tax liens. Recording of Dec (Section 7.08)

Reserves & fees

Association shall maintain a capital reserve fund for repair, restoration, replacement of Common Elements and Association Property, and a general operating reserve fund. Initial funding by Purchasers paying 3 months of Assessments. Associat (Section 7.11(a))

Use restrictions

Each Unit shall be used exclusively for residential purposes and no commercial enterprise may be conducted within a Unit without the prior approval of the Association. (Section 10.05)

Voting & meetings

One vote per Unit; no cumulative voting; proxy allowed; votes cannot be separated from Unit; if multiple owners cannot agree, they lose vote; if more than one vote cast for a Unit, all votes void. (Section 5.01(a), (b), (c), (d))

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