Grand Lakes

Key facts from Grand Lakes's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Grand Lakes Homeowners Association, Inc.) (Article IV, Section 4.12)

Developer / declarant

BTS DEVELOPMENT, LLC (Opening paragraph)

Assessments & dues

Board of Directors may fix annual assessment at amount reasonably necessary to meet budgeted expenses. (Article IV, Section 4.6)

Special assessments

May levy special assessment for capital improvements, payable in lump sum or installments with interest. (Article IV, Section 4.7)

Collections & liens

Unpaid assessment becomes a lien on the Lot, enforceable by foreclosure, subordinate to first mortgage. (Article IV, Sections 4.4, 4.10, 4.11)

Reserves & fees

Board may establish a reserve account from assessments. (Article IV, Section 4.6)

Pets

Dogs, cats or other household pets (non-commercial) may be kept. (Article II, Section 2.5)

Signs & flags

One sign for sale or rent, not exceeding 9 sq ft. Developer may erect larger signs. Occupant name signs and lot numbers allowed by zoning. (Article II, Section 2.9)

Setbacks / home size

Minimum building setback lines per recorded plat; side yards at least 5 ft each; Developer may vary. (Article III, Section 3.2)

Maintenance

Owner responsible for maintenance of residence and lot. Homeowners Association responsible for maintenance of Common Area. (Article II, Section 2.10-2.11; Article I)

Voting & meetings

Class A (non-developer lot owners): one vote per Lot owned. Class B (Developer): one vote per all Lots in Grand Lakes. Class B converts to Class A on earliest of Dec 31, 2015, 100% lots conveyed, or Developer's election. (Article IV, Section 4.13)

Amendments

By affirmative vote of 75% of Lot owners, recorded in Jefferson County Clerk's office. (Article VI, Section 6.1)

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