Moraine Townhome

Key facts from Moraine Townhome's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

townhome association (Title: FIRST AMENDED BYLAWS of the Morai)

Legal name

Moraine Townhome Association

Governing law

Colorado Revised Nonprofit Corporation Act (C.R.S. §7-127-107 and §7-121-101 et seq.) (Article IX amendment procedure; Unanimou)

Assessments & dues

Not fixed; budget adopted annually by Board determines amount. If no assessment made, presumed same as prior year. Equal rate for all Sites. (Article VII Sections 2 and 4)

Special assessments

For emergencies: after majority Board vote and 30 days notice. For property exceeding $50,000 or service exceeding $20,000/month: requires 2/3 Member approval. (Article VII Sections 3 and 5)

Pets

Yes, but limited to a maximum of two dogs or cats (or combination) kept only inside the Townhome; not permitted on common open space, limited common open space, patio, or balcony. Guests/tenants cannot harbor any animals. (Article VIII Section 1(b))

Leasing & rentals

Yes, but Member must notify Association of mortgagee, lessee, etc. via Management Agent or President, and Association shall maintain a book 'Mortgagees and Lessees of Townhomes'. (Article X Section 1)

Parking & vehicles

Each Member shall park his car and cause family and guests to park cars in garages and driveways provided for parking. (Article VIII Section 6(i))

Fences

Construction activities in Phase II must be shielded and fenced off with fence approved by Board. (Article VIII Section 1(h))

Architectural approval

Yes. Exterior design and architectural plans for new buildings must be approved by Board of Managers. Also, prior written consent of not less than six Members required for structures outside Lot lines. (Article VIII Section 1(d) and (e))

Maintenance

Member responsible for internal repairs (water, light, gas, power, sewage, etc.). Association responsible for common open space and facilities. Owners reimburse Association for damage to common area caused by negligence. Owners responsible (Article VIII Sections 2(a), 2(b), 2(c))

Voting & meetings

Class A Members (owners of improved lots) have one vote each. If multiple owners, they designate one voter. If owned by partnership/joint venture, votes proportionally. If corporate, designated by certificate. Cumulative voting prohibited. (Article III Sections 4 and 5)

Amendments

By resolution of Board or Members owning at least 20% of improved lots. Requires approval of at least 80% of Board membership and 84% of Member votes. Alternately, by at least 82% of Member votes without Board approval. Notice of subject ma (Article IX)

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