Cathedral Commons 2nd Filing

Key facts from Cathedral Commons 2nd Filing's documents

Community type

Commercial Development – no residential, manufacturing, warehousing or industrial uses allowed as of 2016 (Article IV, Section 1 (2016 Restatement))

Legal name

Cathedral Commons Second Filing as of 2010

Units / lots

Lots 1 through 11 inclusive (11 lots) as of 2016 (Article III, Section 10 (2016 Restatemen)

Developer / declarant

Originally Yellowstone Development Group, LLC; later The Commons, Inc. (June 15 – July 9, 2010); thereafter Yellowstone Development Group LLC; as of 2016 Restatement, the Amending Owners (at least 75% of votes) (2010 Original Article III, Section 3; 20)

Assessments & dues

Share of Shared Expenses determined by proportion of Lot square footage to total square footage of all Lots in the development as of 2016 (Article VI, Section 1 (2010 Original); r)

Special assessments

May be imposed for extraordinary and unexpected Shared Expenses as of 2016 (Article VI, Section 3 (2010 Original))

Collections & liens

Assessment unpaid after 30 days from due date becomes a lien on the Lot; may be foreclosed like a mortgage; includes costs, attorneys' fees as of 2016 (Article VI, Section 5 (2010 Original))

Reserves & fees

Shared Expenses include creation of reasonable contingency reserve, sinking or surplus fund as of 2016 (Article III, Section 2 (2010 Original); )

Parking & vehicles

Perpetual non-exclusive parking easement over striped parking areas (Access Areas) for constructing and maintaining parking; parking areas built by Owner not subject to easement; shared parking easement over all parking areas except Lot 7; as of 2016 (Article VI, Section 1C (2016 Restatement)

Architectural approval

All new construction, alteration, painting, residing or other modification to building exterior requires prior written approval of Architectural Control Committee as of 2016 (Article V, Section 4 (2016 Restatement))

Signs & flags

Subject to Cheyenne City Code Section 17.64-080 and additional restrictions; Owner/Tenant wall signs on entrance side or rear facing Yellowstone Road; no pole mounted signs; no wall signs on El Camino Real; Monument signs at Gardenia Drive as of 2016 (Article V, Section 12 (2016 Restatement))

Voting & meetings

Not explicitly defined; amendment requires vote of not less than 75% of votes allowed to be cast by then Owners as of 2016 (Article IX, Section 3 (2010 Original) / )

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