Ranch Reserve

Key facts from Ranch Reserve's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) named 'THE RANCH RESERVE HOMEOWNERS ASSOCIATION OF WESTMINSTER' (§1.7; §4.1)

Units / lots

122 (first phase); maximum 190 lots that may be created (§2.4; §1.32)

Governing law

Colorado Common Interest Ownership Act, C.R.S. §§ 38-33.3-101 et seq. (Preamble; §1.1)

Assessments & dues

Board prepares annual budget; budget must be ratified by Owners (unless rejected by 67% of votes). Assessments levied based on budget and allocated equally per lot (one unit vote per lot). (§4.10(a); §1.3(b))

Special assessments

Allowed for unexpected expenses or capital improvements; requires approval by Owners with 67% of votes. During Declarant Control, cannot be used for capital improvements. Also requires VA/FHA consent if applicable. (§5.4(d))

Collections & liens

Assessment Lien superior to all except prior recorded liens, real estate taxes, and first mortgages/deeds of trust. Foreclosure via power of sale. Association may also bring personal judgment. (§5.6(c); §5.7)

Reserves & fees

Association must establish and maintain a Reserve Fund for periodic repair, maintenance, reconstruction of Common Areas. (§5.2; §5.9)

Pets

Not explicitly in excerpt; likely covered in Article 7 but not shown. (ARTICLE SEVEN (Table of Contents, no spe)

Leasing & rentals

Lease of Dwelling Unit allowed subject to restrictions (§7.20). Minimum lease term? Not specified in excerpt. (§7.20 (Table of Contents))

Parking & vehicles

Vehicular parking, storage and maintenance restrictions in §7.16 (text not excerpted). (§7.16 (Table of Contents))

Fences

Fences and other exterior improvements are subject to Committee approval (§7.21). Specific height or materials not in excerpt. (§7.21 (Table of Contents); §6.1)

Architectural approval

Yes, for all Improvements except original first built by Declarant. Must submit plans, elevations, etc. to Design Review Committee. (§6.1; §6.4)

Signs & flags

Restrictions on signs and advertising devices (Article 7, §7.11). But text not fully shown. Declarant and models may have signs. (§7.11; §13.9)

Use restrictions

Implied by 'residential community' and restrictions; specific use limitations in Article 7 (not fully excerpted) likely restrict to residential. Document states 'residential community' in Preamble. (Preamble; ARTICLE SEVEN (table of conten)

Voting & meetings

One vote per Lot owned; in Director elections, each Owner has votes equal to number of Directors to be elected. Joint owners must agree. (§4.6)

Amendments

Amendments by Owners require approval? (Article 17: Duration, Amendment and Termination). Declarant may amend unilaterally during control period. Consent of Eligible Mortgagees required for certain amendments. (ARTICLE SEVENTEEN (Table of Contents); §)

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