Ranches at Steamboat Lake

Key facts from Ranches at Steamboat Lake's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Lifetime Communities of Colorado, Inc.

Assessments & dues

Board determines annual budget based on previous year's actual income and expenses plus reasonable estimates; budget mailed to members at least 15 days prior to annual meeting (Doc 104991, PAGE 4, Article VII Section )

Special assessments

May be levied by Board to meet increased operating, maintenance, repair costs; to provide for additional capital expenses, repair or improvement of Roads or Boundary Fence, or because of emergencies; do not require prior approval of Owners (Doc 104991, PAGE 4, Article VII Section )

Collections & liens

Unpaid assessment becomes a continuing lien on the Ranch, prior only to tax liens and first mortgages; personal obligation of the owner at time assessment fell due (does not pass to successors unless expressly assumed); Association may take (Doc 104991, PAGE 5, Article VII Section )

Reserves & fees

$100 late payment charge for assessments not paid within sixty (60) days after due (Doc 104991, PAGE 5, Article VII Section )

Parking & vehicles

Recreational vehicles allowed on a Ranch, but not for permanent dwelling purposes; parking of certain vehicle types (including automobiles, station wagons, pick-up trucks, vans, horse trailers, snowmobiles, and small all-terrain vehicle tra (Doc 104991 PAGE 8, Article IX Section 4()

Fences

Owner desiring to erect a fence on his own Ranch must apply to Association; Association shall establish a standard rule applicable to that fence and future fences, to avoid disparate designs or sizes that impair aesthetic values; all fences (Doc 104991, PAGE 9, Article XI Section 2)

Architectural approval

Approval of the Board of Directors (acting as architectural review body) required in writing for any building, structure, fence, wall, private road, driveway, alteration or modification of a Ranch or any improvement, before commencement of (Doc 104991, PAGE 5-6, Article VIII Secti)

Use restrictions

Originally: personal residential and personal recreational purposes only; no commercial or industrial use. Amended to allow commercial cattle grazing (max 6 head per ranch) and hay harvesting (Doc 104991 PAGE 6, Article IX Section 1;)

Voting & meetings

Class A (all Owners except Declarant): one vote per Ranch; Class B (Declarant): two votes per Ranch owned, until total Class A votes =12 or October 1, 1986; co-owners of a Ranch must agree on how to cast the single vote (Doc 104991, PAGE 3, Article VI Section 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.