Town Homes at Coal Creek

Key facts from Town Homes at Coal Creek's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Article 1, PAGE 5-6)

Legal name

Town Homes At Coal Creek

Governing law

Colorado Common Interest Ownership Act, C.R.S. § 38-33.3-101 et seq. (Section 2.1(a), PAGE 6)

Assessments & dues

Board adopts budget, delivers summary to members, sets annual assessment. Budget becomes effective unless disapproved by majority at meeting; if quorum not obtained, budget effective. Pending new budget, current year's budget continues. (Section 4.7, PAGE 9-10)

Special assessments

Board may propose special assessment; becomes effective unless disapproved by majority at meeting; if quorum not obtained, special assessment effective. (Section 4.8, PAGE 10)

Collections & liens

Assessments are a lien on the Lot. If unpaid for 60 days, Board may accelerate installments. If unpaid more than 30 days after delinquency, Owner's vote suspended. Association may foreclose lien; subordinate to first mortgage. (Sections 4.3, 4.6, PAGE 8-9)

Reserves & fees

Annual reserve contribution for replacement of improvements included in budget. (Section 4.7, PAGE 9)

Leasing & rentals

Yes, subject to restrictions. Owner-occupied community intended, but leasing permitted. (Section 8.2, PAGE 18-19)

Architectural approval

Written approval required for any exterior change, alteration, improvement, or construction, including fences and landscaping. (Section 7.3, PAGE 15)

Home business

Permitted subject to: not detectable outside, no more than one employee, legal, no extra traffic, does not exceed normal residential utility use, etc. (Section 8.1(a)(i)-(vii), PAGE 18)

Signs & flags

Residential size American flag may be displayed within the courtyard. (Section 7.3(d), PAGE 15-16)

Use restrictions

Each Lot used for residential purposes only. Home occupations allowed with conditions. (Section 8.1(a), PAGE 18)

Voting & meetings

One vote per Lot, equally weighted. If multiple owners, they determine among themselves; otherwise vote suspended. (Section 3.2, PAGE 7)

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