La Roca

Key facts from La Roca's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: 'La Roca Condominium Associat)

Legal name

La Roca Condominium Association

Governing law

Colorado Common Interest Ownership Act, C.R.S. §§38-33.3-101 et seq. (Article II: 'The term Act shall mean the)

Assessments & dues

Executive Board adopts an annual budget; within 30 days, mails copy or summary to Members and sets a meeting not less than 14 nor more than 60 days after mailing; unless a majority of all Members reject the budget at that meeting, it is rat (Article XII, Sections 1-2)

Special assessments

Special assessments up to $10,000 per year (adjusted annually by cost of living index) require approval by at least 51% of all votes of Members present at a meeting; special assessments exceeding $10,000 require approval by at least 51% of (Article XII, Section 10)

Collections & liens

Assessments become a lien on the Unit and furniture, furnishings, appliances, equipment, and fixtures therein as provided in Declaration subparagraph 9(1); Association may collect by suit, foreclosure, or other remedies at law or in equity. (Article III, Section 2; Article VIII, Se)

Reserves & fees

Capital Reserve Fund for repairs, maintenance, replacement, and acquisition of Association property and Common Elements; Operating Reserve to meet unanticipated Common Expenses and permit payment in advance of assessment receipts; both fund (Article XII, Sections 3-4)

Voting & meetings

Every Owner automatically becomes a Member upon accepting deed and holds voting rights appurtenant to the Unit; voting rights may be suspended for nonpayment of assessments or violation of rules after at least 3 days' advance written notice (Article III, Sections 1-2; Article V, Se)

Amendments

Executive Board may amend Bylaws by majority vote; Members may alter, amend, or repeal Bylaws by vote of at least 51% of votes allotted to Members at annual or special meeting where quorum is present; no amendment may contradict the Act. (Article XIX, Sections 1-3)

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