Owl Creek Homes

Key facts from Owl Creek Homes's documents

Reflects the 1976 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Common Interest Community (Section 1.1: 'Common Interest Community')

Legal name

Owl Creek Homeowners Association, Inc.

Governing law

Colorado Common Interest Ownership Act (CIOA), Colorado Revised Statutes (Section 1.1: 'Colorado Common Interest O)

Assessments & dues

Executive Board prepares annual budget, mails summary to Unit Owners, and sets meeting for ratification not less than 14 nor more than 60 days after mailing; assessments due in advance (Section 4.10.5: 'Within thirty (30) days)

Special assessments

Permitted by Declaration; Executive Board may levy and collect special assessments (Section 4.10.5: 'To levy and collect reg)

Collections & liens

Unpaid assessments become lien on unit under CIOA; working capital contribution treated as unpaid assessment with lien on Declarant's unsold Units (Section 13.1: 'considered an unpaid Comm)

Reserves & fees

Executive Board shall include in annual budget an amount to establish and maintain adequate reserve for replacement of improvements to Common Elements, based on useful life and replacement cost (Section 13.2: 'the Executive Board shall)

Maintenance

Each Owner must perform, at own expense, all maintenance and repair work necessary that, if omitted, would affect appearance or integrity of Condominium; Association maintains Common Elements (Section 10.7.1: 'Every Owner must perfor)

Insurance

Board shall insure Common Elements in amount equal to maximum insurable replacement value (Section 4.10.4: 'insure and keep insured)

Voting & meetings

One vote per Unit (Section 2.2: 'Voting shall be based upon)

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