Rolling Hils

Key facts from Rolling Hils's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (common interest community under the Colorado Common Interest Ownership Act) (Article I, §10: 'The Community is a cond)

Legal name

Thorncreek Village Condominium Association, Inc., a Colorado nonprofit corporation (Article I, §5)

Units / lots

275 (Units that May Be Created) (Article I, §31: 'Units that May Be Creat)

Governing law

Colorado Common Interest Ownership Act, §38-33.3-101 to -319, C.R.S. 1973 (Article I, §1)

Assessments & dues

Initial maximum $200.00 per Unit per month (until different budget ratified) (Article IV, §3: 'the amount of the annua)

Special assessments

Leviable with approval of two-thirds (2/3) of votes cast of a quorum at a meeting called for that purpose (Article IV, §6)

Collections & liens

Association has statutory lien on Unit for assessments; can be foreclosed in like manner as a mortgage (Article IV, §1, §9)

Reserves & fees

Annual assessments shall include an adequate reserve fund for maintenance, repair, replacement, and insurance deductibles (Article IV, §4: 'The annual assessments )

Architectural approval

ARC must approve or disapprove within 45 days after complete submission; if no action, and applicant has proof of receipt, approval not required (Article V, §3: 'shall approve or disappr)

Insurance

Owner responsible for insurance on furnishings, personal property, and public liability on their Individual Air Space Unit (Article VI, §7)

Voting & meetings

Each Owner entitled to one (1) vote per Unit owned, allocated according to Allocated Interest (Article II, §3: 'Each Owner shall be ent)

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