Rules & Regulations Document Updated
September 20, 2007
The HOA Board of Directors has updated the Rules & Regulations effective immediately. You can go to the DOCUMENTS section of the website and download or view the new document.
While the following is a summary of changes that have been made, we STRONGLY suggest you read through them to make sure you are aware of all changes.
- Change in insurance carrier. In accordance with Colorado Law SB100, the new insurance carrier and policy numbers for the HOA have been updated to reflect current coverage.
- Change in working capital contribution for new owners. At the August 2007 Board Meeting, the Board authorized an increase in the working capital contribution paid by new owners of homes within the HOA at closing from $250 to $500.
- Change in real estate signs that are permitted. All real estate signs advertising homes for sale and/or lease within the HOA are no longer allowed to be "handwritten". All signs must be professionally lettered or printed.
- Addition of Covenant Lien details for habitual CCR violations. A paragraph was added explaining that if a homeowner fails to cure a CC&R violation after notification and fines, the HOA will file a Covenant Lien on the property to ensure eventual compliance. The owner will be charged for the filing costs associated with the lien as well as the costs to remove the lien.
- Various adjustments in spelling and elimiination of duplicative rules were also changed.
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