Pyramid Point Estates

Key facts from Pyramid Point Estates's documents

Community type

homeowners_association (Bylaws, Article 1 Section 1.1, page 1)

Legal name

Pyramid Point Estates Homeowners Association

Governing law

Colorado Nonprofit Corporation Act (referenced implicitly) (Bylaws, Article 7 Section 7.2, page 12)

Assessments & dues

Board of Directors fixes, determines, levies, and collects annual Assessments subject to budgeting procedures in the Declaration (Bylaws, Article 4 Section 4.9.6, page 7)

Special assessments

Board may levy special Assessments whenever necessary to meet increased operating or maintenance expenses, or capital costs, or emergencies, subject to Declaration and Colorado law and budget adoption (Bylaws, Article 4 Section 4.9.7, page 7)

Collections & liens

Board may foreclose upon delinquent assessments in the event of nonpayment (Bylaws, Article 4 Section 4.11.5, page 1)

Reserves & fees

Board may include in regular budget an amount to establish and maintain a reserve fund for replacement of improvements including Common Elements (Bylaws, Article 12, page 16)

Leasing & rentals

Yes, but limited (Third Amendment Section 1; Fourth Amendm)

Architectural approval

Landscaping plans along interior lot lines must be presented to Board for approval; swale modifications require approval from Pitkin County and Association (First Amendment, Section 1; Second Amend)

Voting & meetings

One vote per Lot; each Lot constitutes 20% of total votes (Bylaws, Article 2 Section 2.4, page 2)

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