Stone Road

Key facts from Stone Road's documents

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

Community type

Homeowners Association (Recital A: created as a corporation, the)

Legal name

Stone Road Association

Governing law

Colorado Common Interest Ownership Act, C.R.S. 38-33.3-101 et seq. (Recital B)

Assessments & dues

Executive Board may levy assessments for any items or expenses, including road maintenance, trash, snow removal, administration, contingency/reserve funds (Article 5.1)

Special assessments

Allowed; may be levied for any purpose as necessary; paid per allocation on Exhibit C (Section 5.2)

Collections & liens

All sums assessed become a lien against the Lot, superior to all encumbrances except property tax liens and first mortgage/deed of trust; Association may foreclose, sue personally, or bid at foreclosure (Sections 5.3, 5.4)

Reserves & fees

Board may establish contingency and reserve funds for road maintenance and improvement and anticipated costs (Section 5.1: establish contingency and r)

Voting & meetings

One vote per Lot; voting members are owners of the 11 lots (Section 2.2.1: There shall be one vote p)

Amendments

Portions relating to Road maintenance require written consent of Pitkin County; other portions may be amended by vote of 67% of votes entitled to be cast by Members; certified resolution recorded within 6 months of meeting (Section 7.4)

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