Homestead at Snowmass

Key facts from Homestead at Snowmass's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Colorado Common Interest Ownership Act, §38-33.3-101 C.R.S. et seq. (Policy, introductory paragraph)

Assessments & dues

$21,900 for 2020; $35,625.59 for 2024 (quarterly $8,906.40) (Board Meeting Minutes November 19, 2019,)

Special assessments

Roofing Special Assessment collected in 2021; boiler replacement special assessment planned for 2024 (subject to owner vote). (Board Meeting Minutes December 4, 2020, )

Collections & liens

Association has a lien for unpaid assessments; may record statement of lien at any time assessment is overdue. Judicial foreclosure may be approved after delinquency equals or exceeds 6 months of common expense assessments, by Board resolut (Policy, Sections 8 and 9)

Reserves & fees

Not separately specified; interest and late fees are added after 30 days past due. Collection costs include late fees. (Policy, Section 6 ("late fees added") an)

Voting & meetings

Voting rights suspended for any Owner more than one month delinquent in assessments until account is current; ability to serve on Board or committees also suspended unless alternative arrangement agreed by Board (Policy, Section 11)

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