Mapleton Terrace

Key facts from Mapleton Terrace's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: "THE MAPLETON TERRACE CONDOMINIUM)

Legal name

Mapleton Terrace Condominium Association

Units / lots

10 residential units (RCU 1-10) and commercial units (number not specified) (Exhibit B: Table listing RCU 1 through R)

Governing law

Colorado Revised Nonprofit Corporation Act (for standard of care); Colorado law generally (Section V.10: "in accordance with the Co)

Collections & liens

Association may file lien; after 90 days delinquency turn over to attorney; file lawsuit; foreclose on lien; seek appointment of receiver (Section VII.8(c), 15, 16: "the manager s)

Reserves & fees

Reserve Fund established; investments in FDIC insured instruments unless Board approves otherwise; investment strategy laddered; reserve study every 5 years (Section V (Investment of Reserve Policy))

Voting & meetings

Each Owner entitled to vote per Bylaws; contested elections by secret ballot; uncontested elections may be by secret ballot at discretion of Board or upon request of 20% of Owners present or represented by proxy (Section II(c): Voting rules, secret ball)

Amendments

This amendment required 100% owner approval per Paragraph 12.2 of Declaration; Board may amend policies adopted under this Resolution (Certificate: "the Owner-owners ... to wh)

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