Village Cooperative of Chatfield

Key facts from Village Cooperative of Chatfield's documents

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

Community type

cooperative common interest community (Recital B)

Legal name

Village Cooperative of Chatfield

Developer / declarant

Village Cooperative of Chatfield

Governing law

Colorado Common Interest Ownership Act, C.R.S. 38-33.3-101 et seq.; Colorado Cooperative Act, C.R.S. 7-56-101 et seq. (Recital B and Section 1.1)

Assessments & dues

Determined annually by budget adopted by Board; monthly housing charge = 1/12 of Member's proportionate share based on Common Expense Allocation Percentage (Section 9)

Special assessments

Cooperative may levy assessments as described in C.R.S. 38-33.3-315 and 38-33.3-316 (Section 9)

Pets

Yes, in accordance with applicable law and pet policy adopted by Board of Directors (Section 12.2)

Leasing & rentals

Lease or rental of Dwelling Unit for purposes consistent with Declaration is allowed (Section 12.1.3)

Architectural approval

Yes, any betterment, improvement or upgrade to Dwelling Unit requires prior consent of Board of Directors (Section 11.2)

Home business

Permitted if incidental to principal residential use, does not generate regular client visits, and does not alter residential character (Section 12.1.4)

Maintenance

Cooperative (exterior of all Dwelling Units) (Section 10.2)

Insurance

Casualty insurance on Cooperative's building including common areas and Dwelling Units; general liability; workers' compensation; fidelity insurance as required (Section 11.1)

Use restrictions

Yes. All Dwelling Units restricted exclusively to residential use. (Section 6 and Section 12.1)

Voting & meetings

Each Dwelling Unit (Membership) has one vote; fraction with numerator 1, denominator total number of Dwelling Units (55) (Section 5)

Amendments

Requires affirmative vote of at least 67% of votes; also requires joinder of Cooperative if amendment abolishes/restricts Cooperative's rights (Section 13)

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