Snyder Condominium Assocation

Key facts from Snyder Condominium Assocation's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Snyder Condominium Association

Governing law

Colorado Common Interest Ownership Act (C.R.S. 38-33.3-101 et seq.) (Article I, Article XV, Section 38-33.3-3)

Assessments & dues

Executive Board adopts proposed budget annually; mails summary to members 10-50 days before meeting; budget ratified unless rejected by majority vote at meeting (even if no quorum); if rejected, last budget continues until new one ratified. (Article V §3(e))

Special assessments

Board may fix, determine, levy and collect special assessments to meet common expenses and create contingency reserve (Article V §3(f))

Reserves & fees

Budget must include projected capital expenditures, including sinking funds or reserves as required by Declaration (Article V §3(e))

Maintenance

Owner responsible for maintenance and repair of unit and limited common elements. Association responsible for general common elements. (Article X §3(a); Article V §3(c))

Voting & meetings

One vote per unit, except as provided in Declaration; cumulative voting prohibited; delinquent owners cannot vote; good standing required (Article III §2; Article IX §3, §4)

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