Preserve at Pearl Lake Subdivision

Key facts from Preserve at Pearl Lake Subdivision's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowner's Association (Title: 'HOMEOWNER’S ASSOCIATION')

Legal name

The Preserve at Pearl Lake Subdivision Homeowner's Association

Governing law

Colorado nonprofit corporation law (implied by reference to 'Colorado law' and nonprofit status). (Article I, Section 1.04; Article VI, Sec)

Assessments & dues

Officers fix, determine, assess, and collect general monetary assessments annually based on Association's advanced budget of cash requirements. (Article IV, Section 4.15(c))

Special assessments

Officers determine procedures for special expenses. (Article IV, Section 4.15(d))

Reserves & fees

Contribution to reserves as deemed appropriate; replacement fund management is a service. (Article IV, Section 4.15(c); Article VII)

Pets

Subject to rules that may exclude or limit animals. (Article IV, Section 4.15(b)(2))

Leasing & rentals

Subject to rules; rental of Lots and improvements may be regulated by Officers. (Article IV, Section 4.15(b)(3))

Architectural approval

Officers shall approve submitted architectural construction plans as instructed in the Declaration. (Article IV, Section 4.15(e))

Maintenance

Association provides maintenance payroll and management services; specific division of repair responsibility not detailed in these bylaws. (Article VII, Section 7.01)

Insurance

Association shall maintain adequate liability and hazard insurance on all property as set forth in Section XIII(f) of the Declaration. (Article IV, Section 4.15(h))

Voting & meetings

One vote per Owner; Owners of more than one lot may cast only one vote; co-owners must agree on how vote is cast; fractional votes not cast; membership must be current and in good standing to vote, hold office, or serve on committees. (Article II, Section 2.01; Article III, S)

Amendments

Bylaws may be amended by Officers at a meeting; approval must be ratified by vote as set forth in Declaration; notice must contain summary or copy of proposed changes. (Article VI, Section 6.01)

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