Portal Village

Key facts from Portal Village's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Article 2, Section 2.1)

Legal name

Portal Village

Governing law

Colorado Common Interest Ownership Act (C.R.S. §38-33.3-217(1)(b)) (Recitals H)

Assessments & dues

Board prepares budget and levies assessments; must be ratified by majority of voting Owners (Section 6.3)

Special assessments

Allowed for unbudgeted expenses; proposed to voting Owners; may be vetoed by majority of votes allocated to Lots subject to the assessment, voting in person or by proxy at a meeting (Section 6.5)

Collections & liens

Assessments are a continuing lien on the Lot/Residence; Association may foreclose its lien or bring action for money judgment (Sections 6.1, 6.8(c),(d))

Reserves & fees

Not specifically mandated, but Common Expenses include 'any allocations to reserves' (Section 1.1(f) definition of Common Expe)

Home business

Allowed if incidental and secondary to residential use, does not change residential character, complies with local zoning and Declaration; no external evidence of occupation; no traffic or parking beyond normal residential use (Section 7.4)

Use restrictions

Lots and Residences shall not be used for any purpose other than a residential dwelling except as set forth (including home occupations) (Section 7.4)

Voting & meetings

One vote per Residence, except: (a) one vote to a Lot with one Residence where Lot and Residence are same owner; (b) two votes to a Lot with two Residences owned by same owner; (c) one vote to an individual Residence where ownerships severe (Section 3.2(b))

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