Alpine Ridge Condominiums

Key facts from Alpine Ridge Condominiums's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals: desires to establish a condomi)

Legal name

ALPINE RIDGE AT STEAMBOAT CONDOMINIUM ASSOCIATION (Paragraph 1(d))

Developer / declarant

ASPEN GLEN ASSOCIATES, INC., a Colorado Corporation (Opening paragraph)

Governing law

Colo. Rev. Stat. Ann. §38-33-101, et seq. (1973), as amended (Recitals)

Assessments & dues

Not fixed; based on cash requirements determined by Managing Agent or Board (Paragraph 20: assessment shall be based )

Special assessments

Not explicitly defined but extraordinary assessments may be made; reserve fund noted as not requiring extraordinary special assessments (Paragraph 20: such reserve fund shall be)

Collections & liens

Association has lien for unpaid assessments superior except for tax liens and First Mortgage; may foreclose like mortgage; incurs $100 lien recording fee (Paragraph 24: All sums assessed... shall)

Reserves & fees

Mandatory contingency/reserve fund for repair, replacement, maintenance of Common Elements that must be replaced periodically; funded through monthly assessments (Paragraph 20: it shall be Mandatory for )

Leasing & rentals

Yes, for private residential purposes (Paragraph 13: Owner may lease or rent su)

Architectural approval

Board approval required for structural alterations; no work jeopardizing safety without unanimous vote (Paragraph 11: Structural alterations sha)

Home business

Prohibited except leasing for residential, model/sales, or Association office (Paragraph 13: No business or commercial )

Insurance

Owners may carry insurance on furnishings and public liability within Condominium Apartment; not required but responsibility (Paragraph 23(d) and (e): Owners may carr)

Use restrictions

Prohibited: noxious, offensive, hazardous, annoying activities, unreasonable noise, odor, light (Paragraph 28(c): noxious or offensive ac)

Voting & meetings

Each Owner has vote equal to percentage interest in General Common Elements; each Unit has one vote on matters set in By-Laws (Paragraph 18(d))

Amendments

Certain material amendments require approval of 100% of First Mortgagees and at least two-thirds of Owners; specific list of actions requiring such approval (Paragraph 19(a): unless at least one hun)

Amenities

Common Elements include saunas, whirlpools, recreational facilities, lounges, laundry rooms, etc. (as per definition); no specific listing of pool, clubhouse, etc. (Paragraph 1(c)(v): saunas, whirlpools, r)

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