Bc Encore Eastlake

Key facts from Bc Encore Eastlake's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium under CCIOA; named 'Eastlake Lifestyle Community' (Section 1.20)

Units / lots

Maximum 140 Units that May Be Created (Section 1.32)

Governing law

Colorado Common Interest Ownership Act (CCIOA), C.R.S. §38-33.3-101 et seq. (Section 1.7)

Assessments & dues

Initial annual assessment not exceeding $300.00 per Unit per month until budget proposed and not vetoed. (Section 4.3)

Special assessments

Allowed with approval of 67% of a quorum at meeting called for that purpose; for capital improvements, repairs, or deficits. (Section 4.6, 4.7)

Collections & liens

Association has lien on each Unit for unpaid assessments, fines, etc. Lien perfected by recording Declaration. May be foreclosed like mortgage. (Section 4.10, 4.11)

Reserves & fees

Annual assessments shall include an adequate reserve fund for maintenance, repair, replacement of items maintained by Association. (Section 4.4.3)

Pets

Yes, household pets allowed (Section 10.5). (Section 10.5)

Leasing & rentals

Owner may assign rights to tenant; tenant cannot vote except by proxy; lease provisions not detailed. (Section 2.1)

Parking & vehicles

Section 10.9 likely covers; not detailed in excerpt. (Section 10.9)

Fences

Restrictions on fences (Section 10.8). (Section 10.8)

Architectural approval

Yes, Design Review Committee (DRC) must approve any improvements or alterations. DRC appointed by Declarant until Special Declarant Rights terminate, then by Board. (Section 5.1, 5.3)

Home business

Permitted business activities allowed as per Section 10.4 (no further detail). (Section 10.4)

Signs & flags

Signage restricted (Section 10.6). (Section 10.6)

Maintenance

Roofs are Common Elements, maintained by Association (Section 1.8.2). (Section 1.8.2)

Insurance

Article 6 requires insurance to be maintained by Association (Section 6.1). Not detailed. (Article 6 heading, Section 6.1)

Use restrictions

Residential use; certain permitted business activities allowed (not specified in detail). (Section 10.4)

Voting & meetings

One vote per Unit; no votes for Units owned by Association. Total votes = number of Units less those owned by Association. (Section 2.3)

Amendments

Declaration may be amended as per Section 17.6 (not detailed in excerpts). (Section 17.6)

Amenities

Common Elements may include amenities, walkways, landscaping, etc. (Section 1.8.3). No specific list. (Section 1.8.3)

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