Americana

Key facts from Americana's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

AM-CON CONDOMINIUMS

Governing law

Condominium Ownership Act of the State of Colorado (Preamble, page 7)

Assessments & dues

Initially $49.50 per month per unit (Section 7.2(a), page 19)

Special assessments

May levy with 2/3 vote of each class (in person or by proxy); during Class B membership, capital improvements require VA or HUD approval; insurance shortfall may be assessed without vote (Sections 7.6, 12.2(b), pages 22, 35)

Collections & liens

Perpetual lien for assessments, charges, fees, interest, late charges, attorney's fees; superior to homestead exemption; subordinate to real property taxes and first mortgages recorded prior; foreclosure permitted (Sections 7.8, 7.11, pages 23, 25)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, replacement of Common Elements, funded through monthly installments of annual assessments (Sections 6.1(d), 7.3, pages 16, 21)

Leasing & rentals

Yes; leasing or renting a unit terminates Declarant's weighted (Class B) voting advantage for that unit (Section 5.2, page 14)

Architectural approval

Required (Exterior Changes Architectural Control Committee Approval – Section 18.4) (Table of Contents, Section 18.4, page 4)

Maintenance

Association: Common Elements (including exterior surfaces of buildings, roofs, landscaping, reserve fund). Owner: interior of Individual Air Space Unit, all fixtures/equipment/utilities within the unit (including limited common elements suc (Sections 6.1(a), 6.1(b), 1.13, pages 15–)

Insurance

All-risk property insurance on Project and Common Elements at 100% replacement cost; flood insurance if in designated area; public liability insurance min $1,000,000 per occurrence; workers compensation; fidelity bond; D&O liability; polici (Section 8.1, pages 26–28)

Use restrictions

Individual Air Space Units are to be used for residential purposes (Section 1.7, page 7)

Voting & meetings

Two classes: Class A (all owners except Declarant) one vote per unit; Class B (Declarant) three votes per unit owned, not leased/rented/occupied as residence. Class B ends 120 days after Class A votes equal Class B, or 5 years after recordi (Section 5.2, pages 14–15)

Amendments

Declaration may be amended as provided in Article XIV (details not fully in excerpt; amendment by Declarant allowed under 14.2) (Table of Contents, Section 14.1–14.3, pa)

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