Eagle-Vail Property Owners' Association, Inc.

Key facts from Eagle-Vail Property Owners' Association, Inc.'s documents

Community type

Condominium (SunRiver Condominiums, part of Eagle-Vail Property Owners' Association) (Header: 'Eagle-Vail Property Owners' Ass)

Units / lots

58 units represented (26 owners present + 25 proxies) at annual meeting; 46 owners represented (31 present + 15 proxies) at 2003 annual meeting; unit numbers referenced (e.g., C103, F105, etc.) indicate at least 6 buildings (A through F) wi (July 13, 2002 meeting: '26 condominium o)

Assessments & dues

Association dues proposed increase: 5% for 2003 budget (July 13, 2002); later 2% increase for 2004 (August 9, 2003). Not explicitly given as dollar amount. (July 13, 2002: 'The dues are increasing )

Special assessments

Special assessment approved for professional fees: $300 per studio to $535 per 3-bedroom unit. Another special assessment for capital improvements discussed (1.5-2 million range) but not approved. Board has ability to levy special assessmen (July 13, 2002: 'Linda Redwine – The mone)

Collections & liens

Liens filed on units for unpaid dues; motion to foreclose on unit C103 and others. Foreclosure proceedings initiated. (October 30, 2002: 'A lien has been filed)

Reserves & fees

$50,000 in cash reserves as of July 2002. Later $70,000 from Traer Creek settlement added to reserve fund. Reserve fund to be used for emergencies only. (July 13, 2002: 'There is currently appro)

Pets

Yes, pets allowed; dog waste issue to be addressed. (February 11, 2003: 'Dog waste' as topic )

Leasing & rentals

Yes, short-term rental program exists via Alpine Management. (April 30, 2003: 'they need simply to ans)

Parking & vehicles

Not specifically mentioned; parking rules may cover.

Fences

Repair of existing fences and new west end fence considered. Fences to be painted and repaired. (June 24, 2003: 'Repair Existing Fences –)

Architectural approval

Building committee and board approval needed for improvements. No formal ARC mentioned, but building committee reviews. (August 5, 2002: 'Once the responses come)

Maintenance

Association responsible for roof replacements. Roofs replaced on four buildings (A, B, C, D) to be done every other year starting 2005. (August 9, 2003: 'Roofs – Starting with t)

Insurance

Raised from $1,000 to $5,000. (April 30, 2003: 'raising deductible to $)

Use restrictions

Not explicitly stated, but short-term rental program exists (Alpine Management). (April 30, 2003: 'they need … to present )

Voting & meetings

Owners present and proxy holders vote. Motion to start meeting seconded and passed; motions require second and vote. Special meeting had agenda items voted on by show of hands or written ballot. Removal of directors required majority vote o (July 13, 2002: 'Motion to start the meet)

Amendments

Bylaws can be changed with 80% vote (mentioned regarding special assessment rule). (April 5, 2003: 'Stuart Margol – I think )

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