Silver Rock

Key facts from Silver Rock's documents

Community type

Homeowners Association

Legal name

Silver Rock Homeowners Association

Governing law

Colorado Common Interest Ownership Act, C.R.S. §38-33.3-302 (Article IV, Section 4.6)

Assessments & dues

Proposed budget adopted at least 90 days before levying assessment; Secretary delivers summary, per Lot amount, and meeting notice to Owners within 30 days (Section 6.5.1)

Special assessments

Referenced but not detailed; same budget process applies (Section 6.5.1 applies to any annual or special assessment) (Section 6.5.1)

Collections & liens

If statement of unpaid assessments not furnished within 14 calendar days, Association loses lien for unpaid assessments; for prospective purchaser, additional 10 business days after second request (Section 6.8)

Architectural approval

Design Review Committee approval required for flags (unless excepted), signs (For Sale), solar panels, and reroofing (quality/color), and for any changes to defensible space plan. (Sections 7.5.4, 7.5.10, 7.5.11, 7.5.22, )

Signs & flags

One political sign per office/issue, displayed 45 days before to 7 days after election, max 36x48 inches. (Section 7.5.11 (added text))

Voting & meetings

Owners and First Mortgagees; 67% of votes required for amendments and certain powers (Sections 4.6, 14.2)

Amendments

Amendment requires consent of Owners of at least 67% of allocated votes and approval of 67% of First Mortgagees. Evidence by recorded instrument or certificate of Secretary. Written notice to First Mortgagees by certified mail and publicati (Sections 14.2, 15.7 (renumbered 15.7))

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