Utica Townhome Condominiums As

Key facts from Utica Townhome Condominiums As's documents

Reflects the 1978 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Recitals, Page 1)

Legal name

Utica Townhome Condominiums Association

Developer / declarant

Murray C. Gear and Claretta I. Gear (Opening paragraph, Page 1)

Governing law

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

Assessments & dues

Based on cash requirements determined by Association (Paragraph 19, Page 9)

Special assessments

Allowed for reconstruction after damage if insurance insufficient, due within 30 days of notice (Paragraph 25(B), Page 14)

Collections & liens

Yes - unpaid assessments constitute a lien enforceable by foreclosure (Paragraph 21, Page 11-12)

Reserves & fees

Association obligated to establish a reserve fund for periodic replacement of general common elements, funded through monthly payments (Paragraph 19, last sentence, Page 10)

Leasing & rentals

Yes - condominium unit may be leased (Paragraph 4, Page 4)

Parking & vehicles

Limited common elements include assigned parking spaces per unit; non-exclusive use of drives and sidewalks (Paragraph 2, Page 3)

Architectural approval

Association approval required for exterior additions, alterations, decorating (Paragraph 30(G), Page 18)

Maintenance

Association (roof is part of general common elements) (Paragraph 1(E) (structural components in)

Insurance

Multi-peril on replacement cost basis (100% insurable value); also boiler, flood, liability, workers comp, fidelity (Paragraph 20(a), Pages 9-11)

Use restrictions

Each Unit shall be occupied and used only as a single family residential dwelling (Paragraph 10, Page 5)

Voting & meetings

Based on percentage of undivided interest in general common elements, with each first mortgagee having one vote per mortgage (Paragraph 18, Page 8-9)

Amendments

Requires 75% of owners (by common elements) and 75% of first mortgagees consent; revocation requires 100% (Paragraph 18, Page 8-9)

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