Storm Meadows Club Condominium Building B

Key facts from Storm Meadows Club Condominium Building B's documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Storm Meadows Club Condominium

Developer / declarant

Storm Meadows East Corporation, a Colorado corporation (Page 1)

Governing law

Condominium Ownership Act of the State of Colorado (Page 1)

Assessments & dues

Estimated assessments imposed by Board of Managers to meet common expenses (Paragraph 20)

Special assessments

Allowed for deficiency after destruction (Paragraph 26(b)), also for reconstruction/obsolescence plans (Paragraph 26(b), (d))

Collections & liens

Unpaid assessments constitute a lien on the unit, superior to all except tax liens and first mortgages; foreclosure allowed and Association may bid and acquire unit (Paragraph 23)

Reserves & fees

Permitted: creation of a contingent or other reserve or surplus funds (Paragraph 20)

Architectural approval

Owner may repair, alter, remodel interior, but must not impair structural soundness or interfere with utilities; written consent of Board required for relocation of utilities or changes affecting structural (Paragraph 17)

Use restrictions

Each unit used and occupied principally for residential purposes (Paragraph 11)

Amendments

Requires consent of owners representing 60% or more of general common elements and all holders of recorded mortgages or deeds of trust; percentage interests permanent without unanimous consent (Paragraph 19)

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